MongoDB CEO Dev Ittycheria arrives at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025.David Paul Morris | Bloomberg | Getty ImagesDatabase software maker MongoDB said on Monday that CEO Dev Ittycheria is stepping down from the top job after an 11-year run. Chirantan “CJ” Desai, who has spent the past year as president of product and engineering at Cloudflare, is replacing Ittycheria, effective Nov. 10, MongoDB said. Ittycheria will remain on the company’s board. “Earlier this year, I would say as part of our normal succession planning process, the board asked me…
Author: usaeverydaylife
Piper Sandler sees a strong pathway forward for Roku . The investment firm upgraded the streaming platform to overweight from neutral. It also lifted its price target to $135 per share from $88, which points to upside of 27.2% from Friday’s close. Roku, which are up 43% for the year, added 6% in the previous session after posting a third-quarter earnings beat. The company also raised its full-year revenue guidance. ROKU YTD mountain ROKU YTD chart Analyst Thomas Champion expects this momentum to continue, pointing to strong platform investments across advertising. “We now have more confidence in the Platform revenue…
Huggies, manufactured by Kimberly-Clark and Band-Aid, manufactured by Kenvue.Getty ImagesKimberly-Clark announced Monday it’s struck an agreement to buy Kenvue in a deal valued at $48.7 billion that would create a consumer staples giant.The deal is a combination of cash and stock. Shares of Kenvue surged 18% in premarket trading Monday, while shares of Kimberly-Clark plunged 14%.The combined company would bring together brands like Huggies and Kleenex with the likes of Band-Aid and Tylenol. It would include 10 billion-dollar brands, the companies said in a news release. The acquisition would be one of the largest on Wall Street this year.The transaction…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTransportation Secretary Sean Duffy joins ‘Squawk Box’ to discuss the government shutdown’s impact on air travel, air traffic controllers shortage, whether air travel remains safe, and more. Source link
OpenAI has signed a deal to buy $38 billion worth of capacity from Amazon Web Services, its first contract with the leader in cloud infrastructure and the latest sign that the $500 billion artificial intelligence startup is no longer reliant on Microsoft.Under the agreement announced on Monday, OpenAI will immediately begin running workloads on AWS infrastructure, tapping hundreds of thousands of Nvidia’s graphics processing units (GPUs) in the U.S., with plans to expand capacity in the coming years.Amazon stock climbed about 5% following the news.The first phase of the deal will use existing AWS data centers, and Amazon will eventually…
Check out the companies making headlines before the bell. Iren — The data center company jumped 22% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren’s nearly $10 billion deal to access Nvidia chips, which broadly lifted investor sentiment on semiconductor demand. Nvidia rose nearly 2%, while Micron Technology and Advanced Micro Devices advanced roughly 4% and 1%, respectively. Kenvue —The Tylenol and Band-Aid maker rallied 20% after agreeing to be acquired by Kimberly-Clark for…
Cisco Systems should continue to be an AI beneficiary going forward, according to UBS. The bank upgraded the technology stock to buy rating from neutral. It also lifted its 12-month price target for the name to $88 per share from $74, which points to 20% upside. UBS analyst David Vogt pointed to surging AI infrastructure demand as a tailwind for the stock. Strength in AI orders at hyperscalers like Meta could drive Cisco’s revenue growth for the fiscal 2026 year to around 6%, or $60 billion, he said. This should exceed the guide of between 4% to 6% that the…
Here are Monday’s biggest calls on Wall Street: Wells Fargo reiterates JPMorgan as overweight Wells raised its price target on the stock to $350 per share from $345. ” JPM is a best-in-class global bank based on returns, market share gains, and ability to invest for organic growth.” UBS upgrades Cisco to buy from neutral UBS said the stock is firing on all cylinders. “We upgrade Cisco to Buy based on a multi-year growth cycle driven by AI infrastructure demand, a large-scale Campus refresh cycle, and momentum in Security.” Read more. Goldman Sachs initiates Alliance Laundry Holdings as buy Goldman…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailNeil Sorahan, Ryanair CFO, joins ‘Squawk Box’ to discuss the company’s first half results, Boeing aircraft delivery timeline, growth outlook, and more. Source link
Microsoft said Monday it has secured export licenses to ship Nvidia chips to the United Arab Emirates in a move that could accelerate the Gulf’s lofty AI ambitions.The tech giant said it is the first company under U.S. President Donald Trump’s administration to secure such licenses from the Commerce Department and that the approval, granted in September, was based on “updated and stringent technology safeguards.”The licenses enable the firm to ship the equivalent of 60,400 additional A100 chips, involving tech darling Nvidia’s more advanced GB300 GPUs.”While the chips are powerful and the numbers are large, more important is their positive impact across…
