AMD (AMD) will report its first quarter results after the bell on Tuesday, with investors looking for signs that the company is benefiting from the increased demand for central processing units (CPUs) driven by the global AI race. AMD’s earnings come after Intel (INTC) reported its own earnings on April 23, beating analysts’ expectations on […]
Coinbase Global (COIN) said Tuesday it’s letting go of 700 employees in the coming weeks. The move, which amounts to a 14% reduction in the crypto firm’s headcount as of May 1, is intended to manage operating expenses “in response to current market conditions” and “optimize the Company’s operations for the AI era,” according to […]
GameStop Corp. is proposing to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger. The gaming retail chain offered $125 per share in cash and stock for the online marketplace, or about a 20% premium to its […]
Strong US corporate earnings led by a buoyant tech sector are overshadowing fears that the Middle East conflict could weigh on stocks, according to strategists at Morgan Stanley. Earnings revisions for the S&P 500 (^GSPC) have moved higher across multiple time horizons over the past month, the team led by Michael Wilson wrote in a […]
It’s all about the earnings. As stocks sit near record highs and the S&P 500 (^GSPC) caps its best month since November 2020, Wall Street is pointing to earnings, especially within the AI trade, as a key driver of further market gains. “It’s a boom,” said Andrew Graham of Jackson Square Capital. “It’s really hard […]
Alphabet (GOOGL) stock just had its best month — up nearly 34% — since Google was still a recent IPO. October 2004 was Google’s first real breakout month as a public company, coming only a few months after its Nasdaq debut. The move helped define April’s tech-led market rebound, when the biggest stocks again did […]
Apple (AAPL) stock climbed roughly 5% on Friday after the company posted better-than-anticipated results on Thursday on the back of strong iPhone revenue and continued growth out of China. For the second quarter, Apple reported earnings per share (EPS) of $2.01 on revenue of $111.2 billion. Analysts were anticipating EPS of $1.96 and revenue of […]
UBS expects strong earnings from Apple Inc. (NASDAQ:AAPL) as the company continues to roll out personal devices that remain popular with consumers, even as memory supply remains tight. On April 28, the firm raised its price target on the shares to $287 from $280.The change came two days before Apple reports its fiscal second-quarter results. […]
Chinese electric vehicle giant BYD’s vehicle sales fell for an eighth straight month, down 15.5% from a year earlier in April, extending its longest-ever sales downturn as it struggles with weak demand at home. Sales overseas grew 35% to 130,000 vehicles, reversing a 20.5% slide in March, according to Reuters calculations based on a Weibo […]
Apple (AAPL) reported its second quarter earnings on Thursday, topping analysts’ estimates on the top and bottom lines on strong iPhone sales. Shares in Apple rose roughly 3% in premarket trading on Friday as investors assessed the results. Apple CEO Tim Cook cited “extraordinary” demand for the iPhone 17 lineup for the earnings beat. For […]
The biggest companies making the biggest artificial intelligence investments signaled Wednesday that they’re not done raising their investment ambitions to meet this moment. On Wednesday, Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Alphabet (GOOG, GOOGL) each reported quarterly results. Ahead of these results, we argued that the most important number to emerge from the […]
Google parent Alphabet (GOOG, GOOGL) reported its first quarter results on Wednesday, beating on the top and bottom lines, on strong cloud growth. The company also said it plans to begin selling its custom TPU chips for select third-party customers to install in their own data centers. Alphabet stock rose more than 3% on the […]
