CEO and Chairman Charles Giancarlo said, “Our strong second quarter results demonstrate ever more customers' confidence in the value of the Pure Storage platform to advance their data storage and management."
Nvidia’s CFO clarified that the company hasn’t yet resumed H20 sales in China despite a select number of the company’s China-based customers receiving licenses over the past few weeks.
The company reported second-quarter adjusted earnings per share of $1, reversing from an adjusted loss of $0.70 per share in the year-ago quarter, and 24% YoY revenue growth.
The partnership brings together IBM’s expertise in building advanced quantum systems and AMD’s capabilities in high-performance and AI-accelerated computing.
Short interest in the stock, though having risen from June lows, is still low compared to its historical highs around 7.75% in October 2023, according to Koyfin.
Currently, the base variant of the Model Y in the U.S. starts at $44,990 without tax credits, while the more premium long-range all-wheel drive variant starts at $48,990.
According to a Bloomberg report that cited individuals familiar with the discussions, the talks signal Apple’s growing openness to external AI partnerships.
