The technology sector is seeing significant shifts as companies across various industries integrate artificial intelligence. Amdocs, for instance, has appointed Shimie Hortig as its new President and CEO, succeeding Shuky Sheffer. This leadership change comes as Amdocs promotes its aOS platform for generative AI in the telecom industry, projecting $5.2 billion in revenue by 2029.
T-Mobile is also expanding its reach beyond wireless services, forging partnerships with McGraw Hill, NVIDIA, and Infobip. These collaborations leverage T-Mobile's 5G network and APIs for digital education, edge AI, and security solutions, with the company forecasting $102.9 billion in revenues by 2029. Meanwhile, Hormel Foods has fully integrated AI-powered demand and supply planning across over 70 global sites using the o9 Digital Brain platform, aiming to enhance efficiency and adapt product offerings, particularly in premium pizza toppings.
Dell Technologies has rapidly emerged as a leader in AI infrastructure, building a $25 billion AI business in just two years. The company expects $50 billion in AI server sales for fiscal 2027, driven by strong global demand. Dell's CFO, David Kennedy, is even implementing AI agents within the finance department to automate tasks, highlighting the internal adoption of AI.
Major tech giants are also making moves; Microsoft's stock saw a slight increase following the expansion of its Copilot AI tool and the launch of new AI products. Despite strong demand, significant AI investments are impacting cloud profit margins. Alphabet, on the other hand, introduced a new AI model designed to lower the costs of developing and using artificial intelligence, aiming to speed up AI integration and improve its competitive edge.
In the AI infrastructure space, Iren's stock dropped due to concerns about funding its aggressive AI GPU expansion and lower Bitcoin prices, raising questions about profitability. Conversely, Nano Labs reported a profit of RMB137.7 million for the second half of 2025, driven by crypto gains, and launched the iPollo ClawPC A1 Mini in March 2026 to support AI agents. Nvidia-backed Exa, an AI search startup, is actively hiring 'rebellious' engineers to rebuild search for the AI era, with most of its code generated using AI tools. Mitsubishi Electric also invested in Sakana AI, an AI research lab focused on nature-inspired foundation models.
Market dynamics show memory and optical stocks declining, while software-as-a-service (SaaS), cybersecurity, and companies like Meta Platforms are seeing a rebound. BigBear.ai's stock fell after missing fourth-quarter earnings and revenue targets, reporting a loss of $0.14 per share and revenue of $117.5 million. An AI analyst has also identified three ETFs for potential double-digit returns, including the WisdomTree U.S. MidCap Quality Growth Fund and the Global X S&P 500 U.S. Revenue Leaders ETF.
Key Takeaways
- Amdocs appointed Shimie Hortig as CEO, focusing on its aOS platform for generative AI in telecom, projecting $5.2 billion in revenue by 2029.
- T-Mobile is expanding into education and AI through partnerships with McGraw Hill, NVIDIA, and Infobip, forecasting $102.9 billion in revenues by 2029.
- Hormel Foods has fully integrated AI-powered demand and supply planning across over 70 global sites using the o9 Digital Brain platform.
- Dell Technologies has rapidly built a $25 billion AI business in two years, projecting $50 billion in AI server sales for fiscal 2027.
- Dell's CFO, David Kennedy, is implementing AI agents within the finance department to automate tasks.
- Microsoft expanded its Copilot AI tool and launched new AI products, with significant AI investments impacting cloud profit margins.
- Alphabet introduced a new AI model to lower the costs of developing and using artificial intelligence.
- Iren's stock fell due to funding concerns for its aggressive AI GPU expansion and lower Bitcoin prices.
- Nano Labs reported a profit of RMB137.7 million, driven by crypto gains, and launched the iPollo ClawPC A1 Mini for AI agents.
- Nvidia-backed Exa is hiring engineers to rebuild AI search for the AI era, with most of its code generated using AI tools.
Amdocs CEO Shuky Sheffer retires; Shimie Hortig takes over
Amdocs CEO Shuky Sheffer has retired, and Shimie Hortig has stepped in as the new President and CEO. This leadership change happens as Amdocs promotes its aOS platform for generative AI in the telecom industry. Investors will watch how Hortig's leadership affects the company's focus on complex IT transformations and its new AI-driven products. Amdocs projects $5.2 billion in revenue by 2029, with growth dependent on continued customer investment in IT and cloud services.
T-Mobile expands into education and AI with new partnerships
T-Mobile is broadening its business beyond wireless services by partnering with McGraw Hill, NVIDIA, and Infobip. These collaborations aim to combine T-Mobile's 5G network and APIs with digital education, edge AI, and security solutions. The company is also exploring opportunities in education technology and AI infrastructure. T-Mobile projects revenues of $102.9 billion by 2029, with growth supported by its 5G network and new ventures.
Hormel Foods upgrades supply chain with AI and expands product offerings
Hormel Foods has fully integrated AI-powered demand and supply planning across over 70 global sites using the o9 Digital Brain platform. This upgrade, done with Accenture, aims to improve efficiency and adapt product offerings, especially in premium pizza toppings. The company also affirmed its quarterly dividend and was removed from the FTSE All-World Index. Hormel Foods anticipates $12.9 billion in revenue by 2029, focusing on modernization and supply chain automation.
Dell becomes AI server leader, CFO uses AI in finance
Dell Technologies has rapidly become a major player in AI infrastructure, generating over $64 billion in AI-optimized server orders in fiscal 2026 and expecting $50 billion in AI server sales for fiscal 2027. The company's CFO, David Kennedy, is also implementing AI agents within the finance department to automate tasks. This transformation has helped Dell build a significant AI business from scratch in just two years.
Dell's CFO leverages AI agents, driving $25 billion AI business growth
Dell's Chief Financial Officer, David Kennedy, is using AI agents to manage the finance team, contributing to the company's rapid growth in AI infrastructure. In just two years, Dell built a $25 billion AI business, achieving record revenues of $113.5 billion. The company is forecasting $50 billion in AI server sales for fiscal 2027, driven by strong global demand. Kennedy highlighted the importance of modernizing data and governance for companies to stay competitive.
Microsoft stock rises on Copilot expansion and new AI products
Microsoft's stock saw a slight increase as the company expanded its Copilot AI tool and launched new AI products. Despite strong demand and Copilot adoption, significant investments in AI are impacting cloud profit margins. The company's stock has declined year-to-date, but recent AI developments and institutional demand offer some stability. Investors are closely watching if AI-driven sales can outpace rising costs.
Iren stock drops amid funding concerns for AI data centers
Iren's stock fell significantly due to concerns about funding its aggressive AI GPU expansion and lower Bitcoin prices. The company's move into AI data centers is capital-intensive, raising questions about profitability timelines and funding visibility. With high short interest, the stock faces increased downside risk. Investors are watching to see if Iren can grow its AI revenue to reduce its dependence on Bitcoin while managing financing challenges.
Alphabet introduces new AI model to cut development costs
Alphabet has unveiled a new AI model designed to lower the costs of developing and using artificial intelligence. This advancement addresses a major barrier to AI adoption by optimizing processes and potentially reducing required computational resources. The development could speed up AI integration across various industries and improve Alphabet's profit margins and competitive edge. This innovation further strengthens Alphabet's position in the AI field.
Nano Labs turns profitable with crypto gains, expands BNB and AI hardware
Nano Labs reported a profit of RMB137.7 million for the second half of 2025, a significant turnaround from a previous loss. This was driven by modest revenue growth and substantial gains from cryptocurrency revaluations. The company also expanded its BNB reserve, launched a $25 million share repurchase program, and introduced the iPollo ClawPC A1 Mini in March 2026 to support AI agents. Nano Labs is focused on Web 3.0 infrastructure and crypto treasury management.
AI analyst recommends three ETFs for potential double-digit returns
An AI analyst has identified three exchange-traded funds (ETFs) with the potential for double-digit returns. These ETFs include the WisdomTree U.S. MidCap Quality Growth Fund for mid-cap growth, the Guinness Atkinson US Dividend Builder ETF for dividends, and the Global X S&P 500 U.S. Revenue Leaders ETF for U.S. revenue exposure. These selections aim to help investors navigate market volatility and achieve capital growth.
Mitsubishi Electric invests in AI startup Sakana AI
Mitsubishi Electric Corporation has invested in Sakana AI, an artificial intelligence research lab focused on creating foundation models inspired by nature. The funds will support Sakana AI's expansion and development efforts. This collaboration aims to leverage Sakana AI's expertise to create new solutions and grow Mitsubishi Electric's Serendie digital platform business by optimizing operations with AI.
Nvidia-backed Exa seeks 'rebellious' engineers for AI search
Exa, an AI search startup backed by Nvidia, is hiring engineers who are described as 'rebellious' and willing to challenge the status quo. The company is expanding to Singapore and is focused on rebuilding search for the AI era by rethinking how search works for both humans and AI. Exa prioritizes candidates' values and passion for building large-scale systems over extensive experience. Most of the company's code is generated using AI tools.
Memory, optical stocks fall as SaaS and cybersecurity stocks rebound
Memory and optical stocks experienced a significant decline on Monday, continuing a recent sell-off. This downturn occurred as embattled software-as-a-service (SaaS) and cybersecurity stocks saw a rebound. AI construction stocks also dropped, while companies like Meta Platforms showed signs of recovery. Investors appear to be moving towards more stable, profitable software and security companies amid market uncertainty.
BigBear.ai shares drop after missing earnings and revenue targets
BigBear.ai's stock is trading down after the company announced its fourth-quarter earnings and revenue fell short of expectations. The company reported a loss of $0.14 per share and revenue of $117.5 million, missing analyst estimates. Despite these misses, CEO Mark Gerstein expressed optimism about the company's future in AI-powered decision intelligence solutions. Analysts remain divided, with a consensus rating of 'hold' and a price target of $5.00.
Sources
- How Amdocs’ (DOX) CEO Transition and AI Platform Push Will Impact Investors
- Is T-Mobile’s 5G Education and AI Pivot Altering The Investment Case For T-Mobile US (TMUS)?
- What Hormel Foods (HRL)'s AI Supply Chain Upgrade and Index Exit Means For Shareholders
- How Dell reinvented itself as an AI-server powerhouse — and what its CFO is building next
- Dell’s CFO is using AI agents to run his finance team—and has helped the AI business go from $0 to $25 billion
- Stock Market Today, March 30: Microsoft Rises on Copilot Expansion and New AI Product Launches
- Stock Market Today, March 30: IREN Falls on Funding Risks for AI Data Centers
- Alphabet Just Introduced Its Newest AI Advantage, and It's Another Reason to Buy the Stock
- Nano Labs Swings to Profit on Crypto Gains, Expands BNB Reserve and AI Hardware Push
- 3 Best ETFs to Invest In, According to AI Analyst, 03/30/2026
- Sakana AI Receives Investment From Mitsubishi Electric Corporation
- An Nvidia-backed AI search startup is hiring 'rebellious' engineers
- Memory, optical, and AI-construction stocks dive as embattled SaaS stocks rebound
- BigBear.ai (NYSE:BBAI) Trading Down 2.7%
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