Summary: Prices of Nvidia H100 processors for AI and HPC applications are dropping as supply improves and demand softens due to the upcoming release of H200 GPU, leading to a swift price correction in the market.
Full articleSummary: Nvidia is considered the better buy than Palantir in the AI market due to its strategic position and growth potential, with analysts expecting significant revenue and EPS growth for the company in the coming years.
Full articleSummary: Microsoft announced its first data centre investment in Thailand to capitalize on the growth of AI-driven transformation in Southeast Asia. The new data centre in Thailand will expand the availability of hyperscale cloud services and help in providing AI skills to people in ASEAN by 2025. This move is part of Microsoft's Asia Pacific expansion strategy.
Full articleSummary: China EV makers Li Auto, Nio, and XPeng reported April deliveries, alongside EV and battery giant BYD. Tesla faced lackluster April sales in China amidst fierce competition. China introduced incentives for consumers to switch to EVs or low-emission ICE vehicles by year-end.
Full articleSummary: BlackRock will launch an investment platform in Riyadh with a $5 billion investment from Saudi Arabia's PIF, aiming to spur capital markets growth in the region and attract foreign institutional investment.
Full articleSummary: Pfizer reported a 20% decrease in revenue attributable to declining demand for its COVID-19 products in Q1 2024. However, the company's revenue of $14.88 billion beat analysts' estimates. Pfizer raised its profit guidance for the full year and cleaned up its pipeline by discontinuing four programs.
Full articleSummary: General Motors replaced Apple CarPlay with its in-house software Ultifi in new electric vehicles, facing technical issues and customer resistance. This strategic pivot aims to enhance software capabilities and establish a digital services revenue stream.
Full articleSummary: Amazon is doubling down on enterprise AI with the release of its AI chatbot Q, aiming to cater to developers and businesses by providing coding assistance, app testing, security scanning, and troubleshooting features. The chatbot acts as an assistant for Amazon Web Services (AWS) users, learning from a company's data and workflows.
Full articleSummary: Berry Wealth Group LP acquired a new stake in Union Pacific Co., several other institutional investors and hedge funds have also recently modified their holdings of UNP, including Brookstone Capital Management, Vicus Capital, Hexagon Capital Partners LLC, Kingswood Wealth Advisors LLC, and Robeco Institutional Asset Management B.V., Union Pacific reported strong quarterly earnings beating analysts' consensus estimates, and also announced a quarterly dividend, UNP has been upgraded by several analysts with varying price targets and ratings, and a recent insider transaction was disclosed with President Elizabeth F. Whited selling shares of Union Pacific stock.
Full articleSummary: Mission Wealth Management LP increased its holdings in General Dynamics by 495.1% during the 4th quarter. The company's stock traded up 0.2% on Wednesday, reaching $287.61. General Dynamics also announced an increased quarterly dividend. Insider transactions were disclosed involving the CEO and VP. Wall Street analysts have offered various ratings and price targets on General Dynamics.
Full articleSummary: Nvidia and Broadcom, along with other top industry leaders, are potential breakout candidates according to a stock screener highlighting companies with Composite Ratings of 98 or better. These stocks, including Nvidia and Broadcom, are showing strength in top industry groups and nearing breakout points.
Full articleSummary: Bank of America is showing strength by pressing against new highs, indicating a bullish trend where buyers are in control and pushing the stock price higher. Traders and investors should monitor the stock's price action and consider the breakout above the new highs as a signal for further upward movement.
Full articleSummary: Amgen Inc. has received a 'Moderate Buy' rating from nineteen analyst firms, with half issuing a hold rating and the other half recommending a buy. The average 12-month price target on the stock is reported as $297.40.
Full articleSummary: Paypal zeigte im ersten Quartal solide Zahlen und hofft auf nachhaltige Kursgewinne, nach jahrelanger Underperformance und drastischem Kursverlust seit 2021. Aktie seit Jahresbeginn um elf Prozent gestiegen. Vorschau auf 2024 optimistisch.
Full articleSummary: Mach 1 Financial Group LLC reduced its position in Philip Morris International Inc. by 46.2% during the fourth quarter. Several other hedge funds also adjusted their holdings in the company. Wall Street analysts have mixed opinions on PM with some rating upgrades and downgrades. Philip Morris International's stock saw a slight decline of 0.7% recently.
Full articleSummary: American Tower Corporation misses on earnings expectations with reported EPS of $0.00196 versus expectations of $2.55. The company discusses the driving factors behind its US and Canada tower business performance and its global expansion strategy during the Q1 2024 earnings call.
Full articleSummary: Alphabet's core business shows strength, with potential growth in businesses like Google Cloud and Waymo. However, The Motley Fool Stock Advisor team did not include Alphabet in their list of the 10 best stocks to buy now, according to a video by Travis Hoium.
Full articleSummary: Starbucks reported weaker-than-expected revenue and earnings in latest quarter, attributed to poor weather and fewer customer visits. Executives lowered full-year revenue and earnings growth expectations. Stock was down more than 12% in after-hours trading.
Full articleSummary: Philip Morris International Inc. will host a live audio webcast of its 2024 Annual Meeting of Shareholders to discuss its transformation into a smoke-free company and expansion into areas outside tobacco and nicotine products, with a focus on wellness and healthcare.
Full articleSummary: Editas Medicine and Bristol Myers Squibb have announced an extension of their partnership focused on developing T cell therapies for cancer and autoimmune diseases, with the collaboration extended for an additional two years with the potential to last until at least 2028. Bristol Myers Squibb has opted into 13 programs targeting 11 genes in partnership with Editas Medicine, offering potential milestone payments and royalties to Editas.
Full articleSummary: Kestra Private Wealth Services LLC significantly increased its position in Colgate-Palmolive shares during the 4th quarter, owning 45,645 shares worth $3,638,000. Several other major investors also added to their stakes. Colgate-Palmolive stock is up 1.6%, and the company announced an increase in its dividend. Analysts have issued multiple positive ratings for the stock.
Full articleSummary: Ford Motor Company's stock has underperformed the S&P 500 in the past decade, facing challenges with its electric vehicle division but showing potential in its commercial vehicles segment. The company's long-term outlook is pessimistic due to its operating margins and limited revenue growth potential.
Full articleSummary: Kraft Heinz (KHC) reported quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate by 1.47%. Company posted revenues of $6.41 billion, missing estimates. Estimate revisions trend for Kraft Heinz is unfavorable with a Zacks Rank #4 (Sell).
Full articleSummary: Starbucks shares plummeted by 11.5% due to weaker-than-expected quarterly results and reduced fiscal 2024 outlook, citing challenges like store inefficiencies and slow recovery in China. Revenue fell 2% year over year to $8.56 billion, missing analyst expectations. The company reported a 14% drop in adjusted earnings per share year over year.
Full articleSummary: Costco is offering various summer essentials at discounted prices to its members, including beach chairs, string lights, insect repellent, beach towels, and a travel hammock. Membership perks allow shoppers to access exclusive deals and stock up on essentials for the upcoming summer season.
Full articleSummary: A buyers group consisting of Alphabet, Meta, Shopify, and Stripe has disclosed a $58.3 million contract with Vaulted Deep to bury waste sludge in deep underground wells to prevent CO2 and methane emissions. The companies will count credits toward their net-zero goals.
Full articleSummary: Alphabet, Meta, Shopify, and Stripe's Frontier group signs a $58.3 million contract with Vaulted Deep for carbon removal by burying waste sludge in deep underground wells, aiming to store 152,480 metric tons of CO2 between 2024 and 2027. Frontier has a commitment to buy nearly $1 billion of carbon removal. Vaulted Deep's method can potentially remove up to 5 gigatons of carbon globally per year.
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