With the initial public offering (IPO) market heating up, data analytics platform Databricks Inc. has been leveraging the renewed interest of venture capitalists to raise funds. As one of the most promising unicorns backed by chipmaker Nvidia Corp., the company raised over $500 million in capital last month, bringing its valuation to $43 billion. The wobbly tech markets failed to deter the data analytics firm, as Databricks has been cashing in on the rising popularity of artificial intelligence
Last week, Dell Technologies Inc (NYSE: DELL) had its best stock market day since its 2018 return to the public market after it reported its fiscal second quarter results. Despite a revenue decline, Morgan Stanley named the computer maker as its top hardware pick, dethroning Apple Inc (NASDAQ: AAPL) as Dell emerged as an early winner of the Generative AI momentum. While HP Inc (NYSE: HPQ) lost its ground on soft guidance with its shares falling 6.6% upon the report on Tuesday, Dell shares surged
Last week, Dell Technologies Inc (NYSE: DELL) had its best stock market day since its 2018 return to the public market after it reported its fiscal second quarter results.