The recent artificial intelligence (AI) boom is no game for $1.67 trillion chipmaker Nvidia. But just five years ago, the company — which invented GPUs — was focused on graphics cards designed to make video games and other applications run faster. Now, Nvidia is one...
Walmart’s latest results show continued momentum in digital commerce and the buildout of its online marketplace. The company said on Tuesday (Feb. 20) that overall eCommerce sales surged 23% in the quarter, and eCommerce net sales globally represented about 18% of the net sales logged...
The Home Depot, the world’s largest home improvement retailer, is shrinking its 2024 earnings guidance. “After three years of exceptional growth for our business, 2023 was a year of moderation. During fiscal 2023, we focused on several initiatives to strengthen the business while also staying...
For many sports betting companies, the Super Bowl is, well, their Super Bowl. But daily fantasy sports contest and sports betting company DraftKings is more focused on winning the lottery, announcing Thursday (Feb. 15) that it has reached an agreement to acquire Jackpocket, a leading...
Renewed investor enthusiasm for crypto has been good news for U.S. cryptocurrency exchange Coinbase. And while 2023 wasn’t the greatest year for crypto, it was no 2022, and Coinbase’s latest quarterly results, announced Thursday (Feb. 15), highlight that the famously volatile digital asset sector could, once...
Toast’s latest quarterly earnings were marked by the announcement of a 10% headcount reduction, even as subscription revenues increased but growth across some metrics slowed. As reported Thursday (Feb. 15) after the markets closed, the company said it was trimming 550 positions. CEO Aman Narang...
As DoorDash looks to grow from a restaurant delivery platform to something more like a super app, the aggregator is expanding its retail offerings by orders of magnitude each year. On a call with analyst Thursday (Feb. 15) discussing the San Francisco-based delivery company’s fourth quarter...
As consumers’ financial pressures continue, luxury eCommerce platform Mytheresa is resisting the trend of catering to those seeking offers and discounts, instead increasing its focus on loose-fisted shoppers with cash to burn. On a call with analysts Thursday (Feb. 15) discussing the global online shopping...
From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14). Speaking with analysts, the chief executive said company data shows “that regardless of the...
