The stock of an artificial intelligence (AI) data cloud company is on the up and up after a crushing second-quarter performance. In its latest earnings report, Snowflake (SNOW) blasts past Wall Street’s expectations, reporting $1.09 billion in product revenue in the quarter ending July 31st, up 32% year-over-year, and raising its full-year forecast to $4.395 billion. But remaining performance obligations swelled to $6.9 billion, a 33% jump that highlights demand visibility. CEO Sridhar Ramaswamy says thousands of customers are now betting their business on Snowflake, with more than 6,100 accounts using its AI tools every week. “Customers love that our…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
Tech titan Nvidia (NVDA) put up a stellar Q2 2026 fiscal year (FY) performance, generating $46.7 billion in revenue to mark the highest quarterly revenue in its history. In its latest earnings report, Nvidia says its revenue soared 56% year-over-year and 6% quarter-over-quarter as data center sales shattered $41.1 billion. Additionally, the firm announced a fresh $60 billion stock buyback as gross margins pushed above 72% and earnings per share hit $1.05 on a non-GAAP basis, handily outpacing the prior year. But despite the record-breaking performance for the quarter that ended July 27th, 2025, shares closed flat on the day.…
Citi is sounding caution on Palantir Technologies (PLTR), warning investors that the stock’s lofty valuation may be difficult to justify as the company’s AI advantage evolves. In a new CNBC interview, Tyler Radke, senior equity research analyst at Citi, warns that PLTR may be overvalued after rising by 107% year-to-date. He also says that at current levels and the way the AI industry is developing, Citi is not ‘particularly excited’ about PLTR’s risk-reward profile. “This stock, even despite its slide, is still trading at around 70x forward revenue. So it’s very much on the high end of the valuation range.”…
Tech titan Google believes that artificial intelligence (AI) will trigger a massive creation of wealth that would help the US wrestle with its sky-high debt level. In a speech at Jackson Hole, Alphabet president and chief investment officer Ruth Porat says AI is no longer a side story but a powerful engine that could catalyze colossal wealth generation in the coming years. “[AI can] drive economic growth, potentially in the trillions of dollars globally in the next 10 years.” Porat says the scale of the opportunity is extraordinary, even if the estimates vary. Citing data from the Congressional Budget Office…
Cambricon Technologies has swung to a record $144 million profit in the first half of the year, powered by surging demand for homegrown chips after DeepSeek’s latest AI model fueled a rush into domestic hardware. Revenue soared 44-fold to 2.9 billion yuan ($410 million), lifting Cambricon’s market value to $80 billion in August alone, reports Bloomberg. Cambricon Technologies is one of China’s largest listed AI chip designers, supplying accelerators for training and running large language models. Investors poured in after DeepSeek explicitly optimized its V3 model for local processors. Wee Khoon Chong, a senior strategist at the Bank of New…
JPMorgan Asset Management has thrown its weight behind Numerai with a $500 million capacity commitment, fueling one of the sharpest rallies yet for the AI-powered hedge fund’s native token. Numerai’s NMR coin surged more than 115% in 24 hours following the announcement, doubling in value as investors latched onto Wall Street’s endorsement of a crowdsourced approach to machine-learning strategies. The deal pushes Numerai’s assets under management toward the $1 billion mark, after a breakout 2024 in which the fund posted a 25.45% net return with a 2.75 Sharpe ratio. Founded in 2015, Numerai runs a tournament that invites thousands of…
Morgan Stanley says the next wave of artificial intelligence (AI) may do more than boost productivity. In a new CNBC interview, Stephen Byrd, the bank’s global head of thematic research, says the economics of robotics are shifting fast, hitting a stage that embodied AI or robots could now erase China’s long-standing cost advantage in manufacturing. “At about a 20% penetration level of robots in US factories, the landed cost of products produced in the United States would be the same as a product manufactured in China and brought to the US. So that is absolutely huge. And that can change…
Elon Musk’s AI startup is dragging Apple and OpenAI into court, accusing them of striking an illegal pact that hands ChatGPT a monopoly inside the iPhone. The lawsuit, filed in Texas federal court by X Corp. and xAI, claims Apple’s exclusive deal to integrate ChatGPT into iOS shuts out every other generative artificial intelligence (AI) competitor, including Musk’s own Grok. “Apple would integrate ChatGPT into iOS. This deal is exclusive. Apple has not integrated with any other generative AI chatbots, including xAI’s Grok.” At the center of the case is Apple’s alleged decision to make ChatGPT the default, and only,…
Apple is weighing whether to let Google power the brain of Siri, a move that would mark a stunning break from its long-held strategy of building artificial intelligence (AI) in-house. The iPhone maker is in early talks to license Google’s Gemini models to run on its servers, Bloomberg reports. The deal would give Siri a new backbone after years of delays and false starts, while thrusting Apple into an uneasy alliance with its fiercest rival. Shares of both companies jumped on the news. Google (GOOGL) climbed 2.9% to $205.46 in New York trading Friday, while Apple (AAPL) rose 1.4% to…
A Fortune 500 cybersecurity giant is sounding the alarm after investigators confirmed that a ransomware crew relied on generative AI to accelerate its campaign against more than one hundred organizations worldwide. In its Q2 Threat Report, Gen Digital notes that FunkSec first appeared late last year, initially focused on data theft and extortion rather than encryption. The gang’s leak site listed its first victim in December, with attacks expanding into the new year. At least 113 companies across the U.S., Italy, Spain and Brazil were struck, including a firm working in child protection. The ransom note — README-{random}.md — appeared…