Arteris up 57% after announcing licensing with AMD
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Yahoo
16 minutes ago
- Yahoo
Palantir shares jump as soaring AI demand powers forecast upgrade
(Reuters) -Palantir Technologies shares rose 5% before the bell on Tuesday, after strong demand for its AI-powered services across governments and commercial businesses prompted an increase in its annual revenue forecast. Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, which have propelled its shares to more than double in value this year, making them the best performer on the S&P 500 index through last close. "Palantir's staggering growth is showing no signs of slowing... and (its) ability to grow at scale has been underestimated by a large cohort of the market," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. The company raised its annual revenue forecast for the second time this year and above Wall Street estimates. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of the total second-quarter revenue of about $1 billion. Last week, the U.S. Army said it might spend up to $10 billion on Palantir's services over the next decade. The Denver, Colorado-based company, co-founded by Peter Thiel, expects expenses to rise significantly in the third quarter due to seasonal hiring amid rising competition among industry leading tech firms to poach top talent, as businesses rapidly look to adopt AI. The stock trades at over 200 times its 12-month forward earnings estimates, compared with AI giant Nvidia's 34.81 and S&P 500's 27.44. Jefferies analysts cautioned that there is a "disconnect between valuation and achievable growth". At least six brokerages raised their price targets on the stock after the results. Sign in to access your portfolio
Tom's Guide
17 minutes ago
- Tom's Guide
Intel's in trouble — AMD's Ryzen Z2 Extreme pulls ahead where it counts for handheld gaming
One of the big focuses of handheld gaming PCs like Valve's Steam Deck or the ROG Xbox Ally is on not just power, but efficiency. In something so small, its critical that the chipsets inside are able to offer impressive frame rates while slow-sipping that battery juice. It's always been an important tradeoff since the advent of laptops, but smaller devices requiring more power have brought it into a sharper focus. Now it appears that AMD's Z2 Extreme has leapfrogged Intel's Core Ultra 7 258V, as seen in new gaming benchmarks comparing the AMD-armed MSI Claw A8 and the Intel-ified MSI Claw 8 AI+. As reported by Tom's Hardware, the tide could be turning somewhat in AMD's favor. Intel's Lunar Lake chip has been impressive at medium wattages, but Team Red has surpassed it. That delta has not only shrunk, but it's now gone entirely when the AMD Ryzen Z2 Extreme and the Intel Core Ultra 7 258V are both running at 17W, with a new video on showing the Z2 Extreme pulling away in the likes of Resident Evil Village and Mount and Blade II: Bannerlord, while staying relatively consistent for other test titles. With the Z2 Extreme in the MSI Claw A8 and the Core 7 Ultra 258V in the MSI Claw 8 AI+, this is a great chance to see how the two stack up in comparatively priced devices. AMD Ryzen Z2 Extreme@17W (MSI Claw A8)vsIntel Core Ultra 7 258V@17W (MSI Claw 8 AI+) 3, 2025 It's perhaps no surprise to see the Z2 Extreme performing above expectations, given that it's AMD's top-of-the-line handheld system-on-chip (SoC) and has eight cores, sixteen threads, and runs at up to 5GHz. The SoC sees an 80 percent improvement on last year's Z1 Extreme at 10 watts, managing more than 20 FPS in GR Extreme benchmarking, but it's not all good news. As Tom's Hardware points out, once the SoC hit its default power configuration, frame rates actually began to drop. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. It seems the SoC was taking power away from the GPU, but locking the SPPT (Slow Package Power Tracking) to 48W seemingly alleviated the issue. Given the understandable furore over Monster Hunter Wilds' PC performance, it's impressive to see the game running at just over 30 FPS in 1080p at 17W on the Ryzen Z2, but Capcom's action title wasn't alone. Far Cry 6 and Cyberpunk 2077 saw smaller gains, but Resident Evil Village was almost 8 FPS better off on the Z2 Extreme than the Intel SoC, leading to an 8.5% average lead across the four titles. If nothing else, this comparison does suggest that customers deciding between the MSI Claw A8 and the Claw 8 AI+ will have increased headroom from the former. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.
Entrepreneur
17 minutes ago
- Entrepreneur
TurboHire Secures USD 6 Mn in Series A Funding Led by IvyCap Ventures
The Hyderabad-based startup plans to use the capital to expand its global presence, enhance product capabilities, and strengthen integration across human resource technology ecosystems. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Enterprise recruitment automation startup TurboHire has secured USD 6 million in Series A funding led by IvyCap Ventures. The Hyderabad-based startup plans to use the capital to expand its global presence, enhance product capabilities, and strengthen integration across human resource technology ecosystems. TurboHire was founded in 2019 by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar with the aim of addressing inefficiencies in enterprise recruitment. The platform uses agentic artificial intelligence, advanced analytics, and deep integration with major human resource management systems such as SAP SuccessFactors, Oracle HCM, and Workday. It supports hiring across scenarios from large-scale recruitment events to senior executive searches through a single configurable interface. Deepak Agrawal, CEO and Co-founder of TurboHire, said, "Enterprises are under intense pressure to transform, but traditional hiring systems are rigid, slow, and drain executive time. TurboHire brings together AI-powered automation, workflows, and data on one single enterprise-grade platform—with exceptional configurability and integrability. It's a game changer for companies serious about AI-led hiring transformation. With IvyCap's support, we're poised to scale this globally." The company's offerings operate on a business-to-business software-as-a-service model. Enterprises subscribe to the platform to automate and streamline recruitment processes, reduce time-to-hire, and improve overall efficiency. TurboHire's client base includes over 120 organisations such as Cipla, Tata Motors, PwC, Lenskart, Britannia, RPG Group, Motilal Oswal Group, and Ola. Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, added, "TurboHire is not just solving a business problem—it's redefining how enterprises approach talent acquisition in an AI-first world. Their ability to serve large, complex organisations with a configurable, outcome-oriented platform is impressive. With a strong product-market fit, growing global demand, and a future-ready tech stack, we believe TurboHire is well-positioned to lead the next wave of intelligent hiring transformation." With its new funding, TurboHire aims to continue building its capabilities and expanding its reach in the global market. The company's focus remains on delivering technology that enables organisations to treat hiring as a strategic advantage in an increasingly digital business landscape.
