Larry Dignan

You'll likely hear a bit of consternation about the lack of pop in Nvidia shares following blowout fourth quarter earnings. Now I can quibble about inventory, investment gains from Nvidia's Intel stake and a few other spots, but the reality is the company keeps delivering stellar results. Here's what's happening: There's no one left to buy Nvidia and it doesn't matter what the company does. Seriously, I'm sure there's some 9 year old who just got an investment account and learned about Nvidia. But everyone else is fully allocated. Nvidia is a place to park money that won't tank. It's Apple.

C3.ai is cutting 26% of its workforce and looking to cut non-employee costs by 30% by the second half of fiscal 2027. C3.ai said it is looking to cut $135 million in non-GAAP operating expenses.

The restructuring plan was outlined in an SEC filing following disappointing third quarter results and outlook. C3.ai reported a fourth quarter net loss of $133.2 million, or 94 cents a share, on revenue of $53.26 million. In the same quarter a year ago, C3.ai delivered revenue of $98.78 million.

As for the fourth quarter outlook, C3.ai sees sales continuing to fall. C3.ai projected first quarter revenue between $48 million to $52 million. CEO Stephen Ehikian said the C3.ai has focused on its core applications, infused AI into business functions, flattened the sales org and cut costs.

Zoom reported fourth quarter earnings of $2.22 a share on revenue of $1.25 billion, up 5.3% from a year ago. Non-GAAP earnings were $1.44 a share.

The earnings results were a nickel a share below estimates.

Zoom owns a stake in Anthropic and that holding likely boosted net earnings.

Zoom saw strength in its fourth quarter enterprise revenue, which was up 7.1% from a year ago. CEO Eric Yuan said Zoom saw double-digit growth in Zoom Customer Experience and paid AI included in its top 10 CX deals.

As for the outlook, Zoom projected first quarter revenue between $1.22 billion and $1.225 billion with non-GAAP earnings of $1.40 a share and $1.42 a share. For the year, Zoom is projecting revenue between $5.065 billion and $5.075 billion with non-GAAP earnings between $5.77 a share and $5.81 a share.

That guidance was mixed relative to estimates.

Samsung launched its latest Galaxy Ultra devices and the pitch is getting things done faster in the background. Samsung launched its Galaxy S26 Ultra, Galaxy S26+, and Galaxy S26 with enhanced AI-driven features throughout. Galaxy S26 Ultra includes 256GB, 512GB, and 1TB storage options starting at $1,299.99. Galaxy S26+ and Galaxy S26 feature 256GB and 512GB storage options with Galaxy S26+ starting at $1,099.99 and Galaxy S26 starting at $899.99.

The Galaxy S26 Ultra is powered by a customized Qualcomm Snapdragon 8 Elite Gen 5 Mobile Platform with integrated CPU, GPU and NPU. Samsung said the latest Galaxy devices are designed to make recommendations and be prepared to help based on your personal context.

HP reported a better-than-expected first quarter results with earnings of 58 cents a share on revenue of $14.4 billion, up 6.9% from a year ago. Non-GAAP earnings in the quarter were 81 cents a share, or 4 cents better than estimates.

Bruce Broussard, Interim CEO at HP, said the company saw strong demand for AI PCs. Personal systems revenue was up 11% with consumer up 16% from a year ago and commercial up 9%.

HP held its outlook, but said results may be closer to the low end of its range due to memory costs. For the second quarter, HP projected non-GAAP earnings of 70 cents a share to 76 cents a share. For fiscal 2026, HP projected non-GAAP earnings of $2.90 a share to $3.20 a share.

Verint named Dave Rhodes CEO effective immediately. Rhodes had been CEO of Calabrio. Verint was acquired by Thoma Bravo for $2 billion in 2025 and merged with Calabrio, another Thoma Bravo portfolio company. The combination of Verint and Calabrio is focused on CX automation.

SambaNova launched its SN50 AI inference chip that runs agentic AI 3x cheaper than GPUs and said SoftBank will be the first to deploy the chip in its AI data center in Japan. The company also said it raised $350 million in Series E funding.

In addition, SambaNova said it will collaborate with Intel to deliver cloud-scale AI inference.

SambaNova's S50 will ship to customers later this year.

Apple said it is expanding its Houston factory to manufacture its Mac mini in the US. Apple also said it will expand its AI server production in Houston. Apple has pledged to increase its US manufacturing efforts.

CrowdStrike in its 2026 Global Threat Report said the average e-crime breakout time fell to 29 minutes in 2025 with the fastest breakout occurring in 27 seconds. Adversaries are leveraging AI at a rapid clip and nation-state attacks have surged.

IQM said it will go public via a SPAC merger with Real Asset Acquisition Corp. The deal values IQM at $1.8 billion. IQM, which said it has delivered 15 systems and $35 million in 2025 revenue, will be the largest listed European Quantum Company.

What's a software company worth 5 years from now? JunkBond Investor penned a notable analysis on software bond spreads and the reality that bond investors can't value SaaS companies 5 years from now. Until that terminal value is found, it's likely to be a lot of turbulence and price discovery for SaaS companies.

UiPath said it has launched agentic AI tools for clinicians and healthcare admins. The AI agents are focused on medical records summarization, claim denial prevention and resolution and prior authorization. The launch highlights how agentic AI players are targeting process optimization.