Technology

Jack Henry (JKHY) Q1 Earnings and Revenue Beat Estimates.
The company reported EPS of $1.09, beating the Zacks Consensus Estimate of $1.02.
Revenue came in at $434.9 million, above the consensus mark of $432.5 million.
Both GAAP and non-GAAP EPS increased year-over-year.
Total revenue rose 8.4% year-over-year to $434.9 million.
The company raised its guidance for fiscal 2024.

AI expert: The article discusses the potential of general-purpose robots and their impact on various industries. It highlights the challenges in designing humanoid robots and the opportunities they present in manufacturing, agriculture, and last-mile delivery. The article emphasizes the need for advancements in AI, machine learning, material science, and control systems to achieve versatile robots. It also mentions the emergence of home robots and their potential to perform household tasks. The article concludes by emphasizing the importance of covering success stories in specific industries to showcase tangible progress in the field of robotics.

Michael Burry, the renowned investor, has shifted his strategy and is now betting against the semiconductor sector. He has taken significant bearish positions in major semiconductor ETFs, including the iShares Semiconductor ETF (SOXX). This move comes as the semiconductor industry faces challenges due to the ongoing global chip shortage and fluctuations in the market.

Clearfield, Inc. faces challenges including negative revenue growth rate and uncertainties related to its Broadband Expansion Acceleration and Development (BEAD) program.

Despite management’s share repurchase program and strong balance sheet, cautious sentiment persists, leading to a downgrade to a sell rating.