Latest in Technology
Yahoo
25 minutes ago
- Business
- Yahoo
Gitlab (GTLB) Falls 9.3% on Critical Security Concerns
GitLab Inc. (NASDAQ:GTLB) is one of the GitLab saw its share price drop by 9.3 percent week-on-week, as investor sentiment turned cautious following the release of several critical patches to address vulnerabilities. In a statement posted on its website last week, GitLab said the most critical flaw carries a CVSS (Common Vulnerability Scoring System) score of 8.7, considered highly severe, as it could allow hackers to execute malicious actions on behalf of its users through content injection. Another one, rated medium, could allow restriction bypass through API manipulation. Two others with low severity scores were also addressed, which could allow authenticated users to bypass various group-level restrictions through crafted API requests or manipulation of group invitation functionality. GitLab Inc. (NASDAQ:GTLB) urged all its users to immediately upgrade all self-managed installations to the latest security patches. A team of software engineers working together in an open office, developing innovative solutions. In other news, GitLab Inc. (NASDAQ:GTLB) remained a stock 'buy' for BofA Securities, giving the company a whopping price target of $72, marking a 71.3-percent upside from its last closing price of $42.03. BofA Securities said it was optimistic about the company's duo strategy, which it expected to drive higher adoption of premium paid tiers and add-on AI products such as Duo Pro, Duo Enterprise, and the Agent Platform. While we acknowledge the potential of GTLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
25 minutes ago
- Business
- Yahoo
Rigetti (RGTI) Computing Declines 9.4% as Analyst Says 'Sell'
Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Rigetti Computing dropped its share prices by 9.44 percent week-on-week as investor sentiment was dragged down by an investment company's pessimistic comments about its stock. In a market note last week, Zacks Research gave Rigetti Computing, Inc. (NASDAQ:RGTI) a 'sell' recommendation, taking path from the first quarter's surprisingly disappointing earnings results and expectations that it will carry over to its next earnings results. '[Rigetti Computing, Inc. (NASDAQ:RGTI)] reported revenues of $1.47 million in the last reported quarter, representing a year-over-year change of -51.8 percent. EPS of -$0.08 for the same period compares with -$0.14 a year ago. Compared to the Zacks Consensus Estimate of $2.46 million, the reported revenues represent a surprise of -40.16 percent. The EPS surprise was -60 percent,' Zacks Research underscored. A close up of an engineer typing at a quantum computing station in a modern office space. 'Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates times over this period,' it added. According to Zacks Research, Rigetti Computing, Inc. (NASDAQ:RGTI) is currently trading at a premium to its peers, having returned 21.5 percent over the past month, while the Internet/Software industry, to which it belongs, gained by only 2.7 percent during the period. While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Business
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Datadog (DDOG) Tumbles 11.4% on Analyst's 'Sell' Reco
Datadog, Inc. (NASDAQ:DDOG) is one of the Datadog fell by 11.4 percent week-on-week as investors unloaded portfolios following a brokerage firm's 'sell' recommendation on its stock. In a market note last week, Guggenheim Securities downgraded Datadog, Inc. (NASDAQ:DDOG) to 'sell' from 'neutral' over fears that its revenues could erode if its largest customer, OpenAI, moves workloads in-house. The brokerage firm underscored OpenAI's ongoing development of its own log management and metric tool, a shift that could dent Datadog, Inc.'s (NASDAQ:DDOG) billings in the second half of the year. Analysts estimate OpenAI to account for around 60 percent of Datadog's AI-native customers, and slash as much as $150 million in revenue hole by 2026. A close-up of a laptop with a software engineer coding on the monitor. For the fourth quarter of the year, Guggenheim Securities expects Datadog, Inc. (NASDAQ:DDOG) to record a 17-percent growth in revenues, much slower than the 24.6-percent gain in the current quarter. Additionally, the brokerage firm expects revenues to grow at a slower pace of 15 percent. While we acknowledge the potential of DDOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Business
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D-Wave Quantum (QBTS) Loses 11.8% as 2 Tech Giants Could Threaten its Competitive Edge
D-Wave Quantum Inc. (NYSE:QBTS) is one of the D-Wave dropped its share prices by 11.8 percent week-on-week as investors unloaded positions over fears that the aggressive expansion moves of two technology giants into the quantum computing industry could threaten its competitive edge. This is after the International Business Machines (IBM) recently announced its Starling quantum computer, which it expects to perform 20,000x better than today's quantum computers and is targeted to be fully operational by 2029. Meanwhile, Google developed in December last year its state-of-the-art quantum chip called Willow, which could reduce errors exponentially and perform a standard benchmark computation in under five minutes that would take one of today's fastest supercomputers 10 septillion years. A modern computer datacenter, running an advanced quantum computer system. In contrast, D-Wave Quantum Inc. (NYSE:QBTS) unveiled its Advantage2, which is able to solve problems beyond the capabilities of a classical GPU-based supercomputer through optimization, materials simulation, and artificial intelligence (AI). According to Forbes contributor Peter Cohan, while D-Wave Quantum Inc.'s (NYSE:QBTS) niche use cases are growing, its ability to scale may fall short as IBM and Google push deeper into enterprise markets. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
28 minutes ago
- Business
- RNZ News
Aotearoa's AI strategy risks leaving Pasifika behind, expert warns
By 'Alakihihifo Vailala , PMN Last week, the Minister for Science, Innovation and Technology, Dr Shane Reti, announced New Zealand's first AI Strategy. Photo: 123RF/Alexander Limbach An award-winning Sāmoan software engineer warns that Pacific communities could be 'coded out of the future' in light of New Zealand's newly-released artificial intelligence strategy . In an interview on Pacific Mornings , Namulau'ulu Nu'uali'i Eteroa Lafaele notes that while the strategy marks a necessary first step, it fails to address the needs and realities of Pacific communities. "What we have to understand is AI itself and this strategy affects everyone, but if we look at it from the view of our Pacific communities, who, from experience, are often on the margins of digital change, the stakes are higher," Lafaele says. "So why it's higher is if we're not at the table, we risk being coded out of the future." Young New Zealander of the Year Namulau'ulu Nu'uali'i Eteroa Lafaele. Photo: Supplied Last week, the Minister for Science, Innovation and Technology, Dr Shane Reti, announced New Zealand's first AI Strategy. It aims to boost productivity and grow a competitive economy. "The Government's role in AI is to reduce barriers to adoption, provide clear regulatory guidance, and promote responsible AI adoption," Reti says. "We're taking a light-touch approach, and the Strategy sets out a commitment to create an enabling regulatory environment that gives businesses confidence to invest in the technology." Dr Shane Reti Photo: RNZ / Mark Papalii With an estimated $76 billion to New Zealand's GDP by 2038, Reti says Aotearoa is falling behind other small, advanced economies in AI-readiness, with many businesses still unprepared for the technology. Lafaele says the strategy recognises AI not only as a tech issue but as an economic, cultural, and social one. "Private sector AI adoption and innovation will boost productivity by unlocking new products and services, increasing efficiency, and supporting better decision-making. "New Zealanders will need to develop trust and give social licence to AI use, so the Government has also released Responsible AI Guidance to help businesses safely use, develop and innovate with the technology. "The real test for me really is its execution, and something that I've reflected on these key parts that this strategy has, is that it's only as strong as the resourcing, the partnerships, the relationship it holds, and also something that some strategies miss out is the equity applied." Through her work with Fibre Fale, an initiative to increase Pacific representation in the tech industry, Lafaele has consistently advocated for Pacific voices in decision-making processes. "At Fibre Funding, what we noticed when we were doing the work in digital inequity was that there is an AI divide or AI gap, and the AI dividing gap is the gap between those who use AI, but also those that don't use AI. "We already know about digital inequity, from the stats that we understand that 25 per cent of our Pacific people, let alone do not have access to devices and connectivity. "Now, how else are we meant to contribute towards this AI industry? And that's to do things that in the eyes of the government or other people that have equity is the basic stuff of a device and connectivity." She attributes the fear of AI within the Pacific community to digital inequity and a lack of trust and confidence from past experiences with technology. To help bridge this gap, Fibre Fale have created an AI master class designed to demystify AI and emphasise the importance of educating the community. On the future involvement of Pacific communities in AI policies, Lafaele says greater representation is needed. "Here's the thing, our people, our community already know it's coming, we just need to stop being told it's coming, it's coming. We need to have and install our community's confidence when using AI. How do you do that? Bring us to the table. "We'll tell you what to do because you've got a linear way of thinking. Bring the multifaceted, multidimensional to the table."
