The financial report season brings opportunities for cloud suppliers, and investment bank Oppenheimer says these three will be the "best choices".

In the cloud sector forecasts of investment bank Oppenheimer, Microsoft (MSFT.US), Cloudflare (NET.US) and C3ai (AI.US) are the "preferred" ones for this earnings season.

Zhitong Finance21minutes ago

Cloud Providers in AI, Data Named 'Top Picks' as Earnings Approach: Oppenheimer

To fund this, companies are cutting back on legacy IT and application spending.

Seeking AlphaJul 21 08:00 ET

1 Red Flag C3.ai Stock Investors Must Know

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US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcnJul 19 21:32 ET

ESY SUNHOME Showcases AI Capabilities at United Nations Forum

VIENNA, July 19, 2024 /PRNewswire/ -- ESY SUNHOME, a premier provider of energy storage solutions, showcased its latest artificial intelligence (AI) capabilities at the "2024: Fair AI for a Fair

PR NewswireJul 19 09:46 ET

Express News | Top 10 Trending Stocks On WallStreetBets As Of July 19 2024 (Via Swaggy Stocks)

BenzingaJul 19 09:22 ET