Consumer Tech (July 20-24): AI Boom Drives Big Tech Earnings, Oracle Grabs $7B Defense Deal & More – Amko – Benzinga<\/p>\n
The Indian government has directed GitHub<\/a> to remove\u00a0Jack Dorsey\u2018s Bitchat repositories amid the ongoing student protests in Delhi.<\/p>\n Technology & Software Semiconductors & Related Equipment<\/p>\n Intel\u00a0and\u00a0Advanced Micro Devices\u00a0are reportedly entering into longer-term purchase agreements<\/a> with Chinese server customers.<\/p>\n Media, Telecommunication & Smartphones<\/p>\n Alphabet has opened a more direct front against\u00a0Nvidia in the AI chip market.<\/a><\/p>\n Automobile & AeroSpace<\/p>\n Photo via Shutterstock\u00a0<\/p>\n Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n \u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n To add Benzinga News as your preferred source on Google, click here<\/a>.<\/p>\n The U.S. Defense Department awarded Oracle Corp\u00a0(NYSE:<\/a>ORCL<\/a>)\u00a0a 10-year, nearly $7 billion enterprise software agreement<\/a> negotiated by the Department of the Navy, marking the first direct award contract covering the department\u2019s on-premises Oracle usage. <\/p>\n Salesforce, Inc.\u00a0(NYSE:<\/a>CRM<\/a>)\u00a0shares are up during Friday\u2019s premarket session as\u00a0the company has<\/a>\u00a0won a $1.6 billion contract from the\u00a0U.S. Department of Veterans Affairs (VA)\u00a0to enhance its services.<\/p>\n SAP SE\u00a0(NYSE:<\/a>SAP<\/a>)\u00a0\u00a0reported\u00a0second-quarter results<\/a>\u00a0and highlighted continued strength in its cloud business, despite slightly missing Wall Street\u2019s U.S. dollar-based estimates.<\/p>\n IBM Corp\u00a0(NYSE:<\/a>IBM<\/a>) reported second-quarter revenue of $17.16 billion, beating the\u00a0consensus estimate<\/a>\u00a0of $16.86 billion, according to\u00a0Benzinga Pro<\/a>.\u00a0The company reported second-quarter adjusted earnings of $2.93 per share, beating analyst estimates of $2.86 per share.<\/p>\n UiPath Inc.\u00a0(NYSE:<\/a>PATH<\/a>)\u00a0stock traded sharply lower on Wednesday after\u00a0OpenAI\u00a0introduced <\/a>a new enterprise automation product, adding to investor concerns that advances in artificial intelligence could intensify competition in workflow automation software.<\/p>\n Red Cat Holdings Inc.\u00a0(NASDAQ:<\/a>RCAT<\/a>)\u00a0stock gapped lower at Wednesday\u2019s market open after the company <\/a>disclosed the termination of its chief revenue officer and a related legal dispute.\u00a0<\/p>\n CrowdStrike Holdings Inc.\u00a0(NASDAQ:<\/a>CRWD<\/a>)\u00a0and\u00a0Cerebras Systems Inc.\u00a0(NASDAQ:<\/a>CBRS<\/a>)\u00a0announced<\/a>\u00a0a strategic partnership Wednesday to strengthen artificial intelligence-powered cybersecurity.<\/p>\n monday.com Ltd.\u00a0(NASDAQ:<\/a>MNDY<\/a>)\u00a0said Wednesday it will reduce its workforce by about 20% as part of a\u00a0restructuring plan<\/a>\u00a0aimed at aligning the company with its strategy to become an AI-focused work platform, while raising its full-year operating margin outlook.<\/p>\n Eric Trump-backed\u00a0Foundation Future Industries\u00a0will use\u00a0Advanced Micro Devices Inc.\u00a0(NASDAQ:<\/a>AMD<\/a>)\u00a0chips to develop autonomous humanoid robots for factories and military operations<\/a>, with industrial customers paying about $100,000 annually to lease each machine.<\/p>\n Infleqtion Inc.\u00a0(NYSE:<\/a>INFQ<\/a>)\u00a0stock jumped Wednesday after the quantum technology c<\/a>ompany said it secured three\u00a0U.S. Department of Energy\u00a0Genesis Mission projects.<\/p>\n Advanced Micro Devices is pushing to unlock more value from AI infrastructure through large-scale\u00a0Anthropic\u00a0and\u00a0OpenAI\u00a0partnerships, new data-center products a<\/a>nd deeper competition with\u00a0NVIDIA Corp.\u00a0(NASDAQ:<\/a>NVDA<\/a>).<\/p>\n Intel is targeting a staggering $100 billion market for\u00a0custom artificial intelligence silicon<\/a>, leveraging its robust x86 computing franchise and advanced manufacturing network as global AI demand skyrockets.<\/p>\n Amkor Technology, Inc. (NASDAQ:<\/a>AMKR<\/a>) announced a multi-year partnership <\/a>with\u00a0Nvidia\u00a0to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms.<\/p>\n MaxLinear Inc.\u00a0(NASDAQ:<\/a>MXL<\/a>) reported second-quarter revenue rose 55% year over year <\/a>and 23% sequentially to $168.8 million, beating the $164.702 million analyst estimate. Adjusted earnings of 35 cents per share topped the 33-cent estimate.<\/p>\n STMicroelectronics N.V.\u00a0(NYSE:<\/a>STM<\/a>) reported revenue of $3.49 billion, up 26% from a year <\/a>and ahead of the analyst consensus estimate of $3.38 billion, according to Benzinga Pro. Sales to original equipment manufacturers increased 23.3%, while distribution sales rose 33.1%.<\/p>\n Texas Instruments Inc\u00a0(NASDAQ:<\/a>TXN<\/a>) \u00a0reported second-quarter revenue of $5.46 billion, beating analyst\u00a0estimates<\/a>\u00a0of $5.25 billion. The semiconductor company posted second-quarter earnings of $2.14 per share, beating analyst estimates of $1.92 per share, according to\u00a0Benzinga Pro<\/a>.<\/p>\n Verizon Communications Inc.\u00a0(NYSE:<\/a>VZ<\/a>)\u00a0reported\u00a0second-quarter results<\/a>, with adjusted earnings beating Wall Street estimates while revenue narrowly missed expectations as customers held onto their phones longer, reducing equipment sales.<\/p>\n Alphabet\u00a0(NASDAQ:<\/a>GOOGL<\/a>) Google parent recorded its 12th consecutive quarter of strong revenue gains, comfortably beating expectations.\u00a0In terms of revenue, Alphabet\u2019s quarterly results weighed in at $119.8 billion compared to $116.93 billion expected by LSEG, while adjusted earnings per share (EPS) fell $0.04 short of expectations, reaching $2.85<\/a>.\u00a0<\/p>\n Alphabet CEO\u00a0Sundar Pichai\u00a0made one of his boldest comments yet about the company\u2019s AI ambitions during\u00a0Wednesday\u2019s earnings call,<\/a>\u00a0saying the company has already begun its “most ambitious pretraining run yet” for Gemini 4.<\/p>\n Comcast Corp.\u00a0(NASDAQ:<\/a>CMCSA<\/a>)\u00a0reported revenue of $29.94 billion, down 1.2% from a year <\/a>earlier but above the analyst consensus estimate of $29.30 billion, according to Benzinga Pro. Adjusted earnings came in at $1.04 per share, beating estimates\u00a0of 97 cents.<\/p>\n Nokia Corp.\u00a0(NYSE:<\/a>NOK<\/a>)\u00a0stock edged lower in premarket trading Thursday despite the telecom equipment maker reporting second-quarter results that topped Wall Street estimates, driven by strong demand for<\/a> AI data center networking products.<\/p>\n AT&T Inc.\u00a0(NYSE:<\/a>T<\/a>)\u00a0stock rose more than 4% in Wednesday premarket trading after the telecom giant reported\u00a0second-quarter fiscal 2026<\/a>\u00a0earnings that topped Wall Street expectations, even as revenue came in slightly below estimates.<\/p>\n Fly-E Group, Inc.\u00a0(NASDAQ:<\/a>FLYE<\/a>)\u00a0reported fiscal 2026 net revenue of $19.1 million,<\/a> a 25% decline from $25.4 million in the previous year. The decrease was mainly due to a 68.1% drop in retail sales following weaker consumer demand linked to lithium-ion battery safety concerns in New York.<\/p>\n Shield AI\u00a0is accelerating its push to bring autonomous flight to defense and commercial aviation through a new partnership with\u00a0Honeywell Aerospace\u00a0(NASDAQ:<\/a>HONA<\/a>), extending its momentum following the purchase of simulation\u00a0software maker\u00a0Aechelon Technology<\/a>.<\/p>\n Powered by Benzinga Newsdesk<\/p>\n","protected":false},"excerpt":{"rendered":"Consumer Tech (July 20-24): AI Boom Drives Big Tech Earnings, Oracle Grabs $7B Defense Deal & More –…\n","protected":false},"author":2,"featured_media":119311,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,7704,15008,8374,15897,8789,18811,5895,5893,18812,5892,5891,8149,8225,60321,34234,60331,21440,20912,60333,7778,60334,35741,60326,8791,60325,60327,44599,15273,8226,26530,60323,60330,60324,60322,28294,60328,44063,60332,16375,60329,46435,60335],"class_list":["post-119310","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-artificial-intelligence","tag-category-contracts","tag-category-earnings","tag-category-equities","tag-category-guidance","tag-category-large-cap","tag-category-mid-cap","tag-category-movers","tag-category-news","tag-category-small-cap","tag-cms-wordpress","tag-pageisbzpro-bz","tag-symbol-btc","tag-symbol-amd","tag-symbol-amkr","tag-symbol-cbrs","tag-symbol-cmcsa","tag-symbol-crm","tag-symbol-crwd","tag-symbol-flye","tag-symbol-googl","tag-symbol-hona","tag-symbol-ibm","tag-symbol-infq","tag-symbol-intc","tag-symbol-mndy","tag-symbol-mxl","tag-symbol-nok","tag-symbol-now","tag-symbol-nvda","tag-symbol-orcl","tag-symbol-path","tag-symbol-qs","tag-symbol-rcat","tag-symbol-sap","tag-symbol-spcx","tag-symbol-stm","tag-symbol-t","tag-symbol-tmus","tag-symbol-tsla","tag-symbol-txn","tag-symbol-vz","tag-tag-consumer-technology"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/119310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=119310"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/119310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/119311"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=119310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=119310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=119310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}