Take-Two Interactive’s (TTWO) CEO, Strauss Zelnick, thinks that GTA VI’s blockbuster launch will be good for the entire gaming industry. “When there’s a big hit in the market, you know what it does, it energizes consumers around the entertainment market, and they consume more,” Zelnick said during the company’s recent first-quarter earnings call. “If we’re
Workday (WDAY) just posted its best first quarter of new ACV (annual contract value) growth in five years, and CEO Aneel Bhusri says AI is changing the economics of enterprise software in a way that could benefit the company directly. “If FTE (full-time employee) count does go down, it’s being replaced by AI replacing labor,
A trip to Walmart is often more than a convenience. For many shoppers, the appeal is about stretching every dollar. With low prices, frequent deals, no pressure to buy in bulk, and a wide variety under one roof, Walmart has become a key destination for consumers seeking value. The retail giant’s recent first-quarter fiscal year
Corporate America has spent the past two years acting like every problem has an artificial intelligence (AI) solution attached to it. The pitch is always the same. Faster than people. Cheaper than people. More accurate than people. Boardrooms have funded it, consultants have sold it, and shareholders have rewarded it. Then the software meets the
Nvidia just reported $81.6 billion in quarterly revenue, up 85% year over year. Its data center business alone generated $75.2 billion, up 92%. The numbers are extraordinary by any measure. Michael Burry‘s argument is that they may also be the most dangerous kind of numbers there are. Burry argues against AI infrastructure trade In a
Take-Two Interactive (TTWO) just delivered one of the cleanest earnings beats the company has posted in years, and Morgan Stanley isn’t changing its tune. The Wall Street firm maintained its Overweight rating and $280 price target on TTWO after Take-Two’s fiscal fourth quarter results, which landed on May 21. Bookings beat estimates by 3%, and
For decades, Berkshire Hathaway’s quarterly stock filings have been treated like a roadmap into Warren Buffett’s thinking. However, the latest one feels very special. Berkshire Hathaway (BRK.A) (BRK.B) unveiled a wide-ranging portfolio overhaul in its latest 13F filing, adding a big new stake in Delta Air Lines (DAL), increasing its stake in Alphabet (GOOGL) (GOOG),
Venezuela wants the world’s largest oil companies to help rebuild an industry that once made it one of the most important crude producers in the Western Hemisphere. ConocoPhillips CEO Ryan Lance just made clear that the country still has a major credibility problem with at least one oil giant. Lance said Venezuela’s early steps to
Before the war, roughly 135 ships passed through the Strait of Hormuz every day. Iran claims 26 made it through on May 19 and 20, with help from the Islamic Revolutionary Guard Corps. The gap between those two numbers is the context for everything happening in the strait right now. On May 20, Tehran made
With the oil crisis caused by the U.S. strike on Iran now in its third month, the string of smaller and mid-size airlines filing for bankruptcy protection has already begun. The most high-profile collapse occurred when, at the start of May, low-cost airline Spirit Airlines definitively shut down all operations after earlier efforts to exit