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Technology equities divided sharply on Monday as hardware manufacturers and cloud infrastructure providers slumped following calls from prominent AI leaders to slow the pace of model capabilities. Meanwhile, cybersecurity stocks surged on heightened defense demand.
Boston Scientific Corporation fell 2.3% in early trading following a disclosure that an Aug. 25 cyberattack disrupted manufacturing and shipping, forcing the company to pull back its full-year 2026 sales and earnings guidance.
Financial results for fiscal year 2025 highlight sharp operational differences between Ford Motor Co. and General Motors Co. as both manufacturers adjust their electric vehicle strategies and balance sheets.
Financial filings and market metrics for Chewy Inc. and MercadoLibre Inc. illustrate two distinct growth models in public technology markets, comparing U.S. pet care subscriptions against Latin American fintech and marketplace expansion.
Fred Alger Management CEO Dan Chung rebuilt the firm after the Sept. 11 attacks, expanding assets to over $47 billion driven by high-conviction technology investments in Nvidia, CrowdStrike, and Nebius Group.
Netskope Inc. reported strong fiscal second-quarter financial results featuring 29% revenue growth and a rebound in net-new annual recurring revenue, even as its stock continues to trade below its initial public offering price.
Okta reported fiscal second-quarter results that beat analyst expectations for revenue, earnings, and backlog, buoyed by initial customer adoption of its AI agent identity tools.
Commvault has integrated Google Threat Intelligence into its automated cyber recovery workflows, reinforcing its push into AI-driven data security following a fiscal first quarter that delivered record subscription revenue alongside softer margin guidance.
Zscaler Inc. delivered fiscal fourth-quarter financial results that beat Wall Street forecasts across key metrics, propelled by accelerating demand for cybersecurity tools built to mitigate artificial intelligence risks.
Palo Alto Networks surpassed fiscal fourth-quarter expectations behind accelerating demand for AI defense tools, while announcing plans to acquire startup Console and issuing a strong revenue forecast.
