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Rackspace Technology surged more than 12% in trading after the cloud computing company announced a memorandum of understanding with chipmaker Advanced Micro Devices [NASDAQ: AMD] to co-develop an enterprise AI cloud platform specifically designed for regulated industries and sovereign workloads, a market that has seen growing demand from financial services, government, and healthcare organisations seeking…

Amazon delivered a striking set of first-quarter 2026 results that underscored both the scale of its AI investment and its ability to generate growth across every major business segment simultaneously. Total revenue reached $181.5 billion, up 17% year-over-year and comfortably ahead of the $177.3 billion analyst consensus. Adjusted earnings per share of $2.78 demolished the…

Palantir Technologies reported its strongest quarterly revenue growth since going public in 2020, with first-quarter 2026 revenue rising 85% year-over-year to $1.633 billion, well ahead of the $1.54 billion analyst consensus. Adjusted earnings per share of $0.33 beat the expected $0.28, and net income roughly quadrupled to $871 million, representing a 53% GAAP margin that…

Alphabet Inc. (NASDAQ: GOOGL / GOOG) shares climbed approximately 7 percent in Thursday’s session after the company posted its most impressive quarterly results since the generative AI boom began. Google Cloud revenue hit $20.03 billion for the first quarter of 2026, a 63 percent year-on-year increase that more than doubled analyst expectations for the segment…

Alphabet Inc. (NASDAQ: GOOGL / GOOG) reports its first-quarter 2026 earnings on Wednesday April 29 as the strongest performer among the five Magnificent 7 companies announcing results this week, having roughly doubled in stock price over the past year and led the group year-to-date, a run built on Google Cloud’s extraordinary growth acceleration and a…