VEOLIA TARGETS €1B IN AI INDUSTRY SALES BY 2030
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
France's Veolia Environnement plans to nearly double revenue from artificial intelligence industries to €1 billion by 2030. The environmental services company will expand offerings to meet growing sector demands.
■ MORE FROM THE BUSINESS DESK
Investors and analysts will scrutinize Nvidia's artificial intelligence spending outlook and revenue projections when the chipmaker reports earnings Wednesday, according to Mizuho Securities analyst Vijay Rakesh.
CrowdStrike reported Q2 revenue of $1.47B, beating analyst estimates of $1.44B with 26% year-over-year growth. The cybersecurity firm's stock surged over 9% in after-hours trading following the results.
HP reported Q3 revenue of $15.7 billion, up 12.5% year-over-year, driven by an 18% surge in PC sales. However, the company's shares fell more than 9% after-hours as investors grew concerned about weakening demand signals.
Nvidia reported Q2 revenue of $96.2 billion, up 106% year-over-year, with net income surging 126% to $59.7 billion. Data Center revenue, the company's primary growth engine, reached $89 billion, up 117% from the same period last year.