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AI will translate into 'real business' and ROI benefits: Nutanix CEO

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Nutanix, Inc. (NTNX) shares trend higher this morning on the cloud service provider's upbeat guidance on revenue growth and profitability. Nutanix CEO Rajiv Ramaswami sits down with Yahoo Finance from the Nasdaq MarketSite to discuss the provider's multi-cloud hybrid business model and its views on artificial intelligence. AI is 'going to be a long-term trend,' Ramaswami says. 'There's a lot of buzz right now about AI... being trained in the public cloud. At the end of the day, just like with everything else, people are going to have to realize good ROI [and] TCO benefits with AI.' Ramaswami also comments on the cloud company's partnership with Cisco (CSCO). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

OSFI chief Peter Routledge says he's confident Canada's financial system can weather a recession if one hitsNEW YORK — Wall Street’s ugly September got even worse Tuesday, as a sharp drop for stocks brought them back to where they were in June. The S&P 500 tumbled 1.5% for its fifth loss in the last six days. The Dow Jones Industrial Average dropped 388 points, or 1.1%, and the Nasdaq composite lost 1.6%. September has brought a loss of 5.

2% so far for the S&P 500, putting it on track to be the worst month of the year by far, as the realization sets in that the Federal Reserve will indeed keep inThe bearish bets come as the Federal Reserve indicated last week that interest rates will stay higher for longer. -- Canada’s banking regulator said he’s concerned about the prevalence of ultra-long mortgages and that his agency is working with lenders to stem the ubiquity of such loans.

 

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