Growth, revenue and go-to-market
CXMT Corp. posted a sevenfold surge in quarterly revenue, though the pace of acceleration slowed in a sign that an AI-fueled rally in Chinese memory chip prices may be losing steam. The company swung from a loss to a profit, after aggressive capacity…
The biggest ouch of the report was its negative free cash flow of $2.4 billion.
Tech stocks were poised to drop after Amazon.com Inc. reported greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years.
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