Nvidia reported its fourth-straight quarter of triple-digit revenue growth, exceeding estimates on the top and bottom line. The company issued a forecast that topped Wall Street expectations and bolstered its buyback program with a plan to repurchase $50 billion in shares. Nvidia CEO Jensen Huang delivered a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California.

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Affirm CEO Max Levchin announced the company's goal to achieve operating profitability on a GAAP basis by the fiscal fourth quarter of 2025. The company reported a 48% revenue increase, with a net loss of $45.1 million, compared to $206 million in the same period last year. Affirm's active merchant count exceeded 300,000, and active consumers grew 19% to 18.6 million. Gross merchandise volume reached $7.2 billion, a 31% increase from the previous year.

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French prosecutors charged Telegram CEO Pavel Durov with enabling criminal activity on the messaging platform and placed him under formal investigation. The charges include complicity in the administration of an online platform to enable an illicit transaction, which carries a maximum penalty of 10 years' imprisonment and a 500,000 euro fine. Durov was arrested on Saturday.

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Nvidia's board of directors has approved a $50 billion stock buyback. The company will pay its next quarterly cash dividend of $0.01 per share on October 3, 2024, to all shareholders of record on September 12, 2024. Nvidia CEO Jensen Huang spoke during Computex 2024 in Taipei on June 4, 2024.

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CrowdStrike reported strong fiscal second-quarter results, with adjusted earnings per share of $1.04, beating consensus expectations. Revenue grew 32% year over year to $963.9 million, and annual recurring revenue reached $3.86 billion, just above StreetAccount consensus. The company recorded net income of $47 million, or 19 cents per share, compared to $8.47 million, or 3 cents per share, in the same quarter a year ago.

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Salesforce reported robust fiscal second-quarter results, beating earnings estimates with $2.56 adjusted earnings per share and $9.33 billion revenue, an 8% year-over-year growth. The company's CEO Marc Benioff spoke at the World Economic Forum in Davos, Switzerland. President and CFO Amy Weaver will step down, remaining as CFO until a successor is appointed and then as an advisor.

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OpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more than $100 billion, led by Thrive Capital investing $1 billion. The company's annualized revenue reportedly surpassed $2 billion earlier this year, with growth taking off after the launch of its ChatGPT chatbot and expansion into AI-generated photo products.

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Google is relaunching its AI-generated content tool, Gemini, allowing users to create images of people. The company will offer early access to its new Imagen 3 generator to Gemini Advanced, Business, and Enterprise users starting in English. The tool was previously pulled in February after technical improvements and evaluation sets were made. Red-teaming exercises and clear product principles were also implemented.

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Nvidia is set to report its second fiscal-quarter earnings on Wednesday after the bell, with expected earnings per share of 64 cents adjusted and revenue of $28.7 billion. The company is the primary beneficiary of the ongoing artificial intelligence boom, with its market value expanding more than nine times since the end of 2022. Analysts expect Nvidia to post a fourth straight quarter of triple-digit revenue growth, but year-over-year comparisons will start to get much tougher, with overall growth expected to slow for the next seven quarters.

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The US Securities and Exchange Commission (SEC) issued a Wells notice to OpenSea, a popular crypto marketplace, alleging that the nonfungible tokens (NFTs) sold on its platform are securities. The notice is typically a final step before the SEC issues formal charges. OpenSea's CEO announced the news on Wednesday.

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