The IT company is going through rough seas which was anchored by a share buyback. Q2FY24 revenue missed the estimate, but the EBIT margin was above estimate.
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.
Wells Fargo upgraded its outlook on US AI infrastructure stocks to neutral from negative, citing improved valuations after a steep semiconductor sell-off. However, it warned
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