quarterly earnings announcements

Nvidia's market value soared past $5.5 trillion, solidifying its status as the world's most valuable company. With shares climbing, CEO Jensen Huang's wealth also saw a significant boost. Ahead of its earnings report, analysts caution investors about potential stock dips, citing past performance of similar tech giants. Nvidia's data center business continues to be a major revenue driver.

Microsoft-owned LinkedIn is implementing another wave of job cuts, with over 600 employees set to be laid off this summer, primarily impacting California. This follows an earlier reduction of 5% of its global workforce. Despite reporting revenue growth, the company cites the need to 'reinvent how we work' and fund future investments as reasons for these significant workforce adjustments.

AMD's data center segment is now the primary driver of revenue and earnings growth, with a 57% increase reported in the first quarter. The company provided a higher-than-expected revenue forecast for the current quarter, signaling continued strong demand for AI-related chips.

Morgan Stanley maintained an equal-weight rating on Dr Reddy’s Labs, citing missed Q4FY26 estimates and a slight delay in Semaglutide ramp-up. Kotak Institutional Equities recommended buying Dixon Technologies, driven by strong consumer electronics performance. Citigroup reiterated its buy on Max Financial, highlighting margin improvements and sustained growth. Macquarie rated Berger Paints underperform, despite a constructive outlook.

State Bank of India reported a 6% rise in Q4 FY26 net profit to Rs 19,684 crore, driven by improved asset quality and lower bad loans. Despite this, total income saw a slight decline, and net interest margins compressed, leading to a drop in operating profit and a subsequent fall in SBI's stock price.

Indian markets brace for a volatile week, with the US-Iran conflict and soaring crude oil prices dominating investor sentiment. A weakening rupee, coupled with inflation concerns, adds to the pressure. Analysts anticipate heightened sensitivity to geopolitical developments, especially concerning the Strait of Hormuz, and will closely watch foreign investor activity and upcoming economic data.

Indian markets brace for volatility this week, driven by US-Iran tensions and crude oil price swings. Investors will also scrutinize crucial inflation data from India and the US for interest rate clues. Key corporate earnings are also on the radar, alongside foreign investor activity, shaping market sentiment.

Leading financial institutions offer mixed outlooks on Indian stocks. Morgan Stanley sees SBI facing NIM challenges, while Goldman Sachs is bullish on Titan's jewellery segment. CLSA notes Bank of Baroda's core performance is mixed despite loan growth. Nomura backs Swiggy, highlighting food delivery strength and quick commerce competition. HSBC anticipates Hyundai's market share recovery and new launches.

Microsoft's CFO Amy Hood indicated a workforce reduction in upcoming quarters, citing a drive for increased pace and agility. This follows recent job cuts and employee buyouts. Despite these changes, the company reported strong financial results, with significant growth in Microsoft Cloud and AI revenue, demonstrating robust customer adoption and progress.

LinkedIn is cutting around 5% of its global workforce—roughly 875 jobs—across its Global Business Organization, marketing, engineering, and product teams. CEO Daniel Shapero broke the news in an internal memo, saying the Microsoft-owned platform needs to "reinvent how we work." The layoffs land despite a 12% revenue jump last quarter, with AI's role in the decision left conspicuously unspoken.

The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.

PayPal is planning to lay off approximately 4,760 employees, or 20% of its workforce, over the next two to three years as part of a significant cost-cutting initiative. This move aims to accelerate AI adoption, streamline operations, and refocus on core business areas like checkout, with the company expecting at least $1.5 billion in gross savings.

Wall Street stocks surged on Friday, with the S&P 500 and Nasdaq nearing record highs, buoyed by stronger-than-expected US jobs data. Despite ongoing Middle East tensions and oil price concerns, positive corporate earnings from companies like Monster Beverage and Akamai Technologies also fueled the rally, indicating economic resilience.

Billionaire investors Bill Ackman and Sir Christopher Hohn are at odds over Microsoft's future, specifically concerning AI's impact. While Hohn sees AI as a threat to Microsoft's core products, Ackman views the company as central to the AI revolution and has initiated a significant investment, believing its current valuation is attractive for long-term growth.

The Gates Foundation Trust holds a significant $3.6 billion stake in Caterpillar, a company increasingly vital for AI infrastructure. Caterpillar's Power Generation business is booming due to data center demand, with its stock soaring 183% in a year. This investment comes as the foundation itself announces substantial job cuts, impacting 20% of its workforce.

Jannik Sinner’s coach Darren Cahill has admitted he remains uncertain about his future with the Italian star beyond 2026, despite delaying retirement after Sinner’s Wimbledon triumph. Cahill confirmed the pair will reassess their partnership at season’s end, while insisting Sinner will be the final player of his coaching career. Meanwhile, Sinner continues his dominant run on the ATP Tour.

Cybersecurity giant Cloudflare is laying off over 1,100 employees globally, citing a major reorganization for the 'agentic AI era'. The company's internal AI usage has surged dramatically, prompting a rethink of its structure to enhance customer value and speed. Departing staff receive industry-leading severance packages, including pay through 2026 and extended healthcare.

GitLab is undergoing a significant restructuring, including layoffs, to adapt to the 'agentic era' of software engineering. CEO Bill Staples announced plans to flatten the organization, empower smaller R&D teams, and embed AI agents into workflows. The company is also re-evaluating its global footprint and making architectural bets to prepare for machine-scale workloads.