Summary: Hedera's HBAR surged 65% on BlackRock endorsement rumor, Solana rebounds from setbacks, new crypto Raboo gaining traction in presale with ambitious price predictions.
Full articleSummary: Intel's stock rating has been reiterated as 'hold' by Needham & Company LLC with various price target adjustments by different analysts. Intel CEO Patrick P. Gelsinger has been actively purchasing company shares.
Full articleSummary: Meta Platforms reported another superb quarter with a 27% revenue increase and a 114% surge in diluted earnings per share. The company has 3.2 billion daily active users and an ARPU of $11.20, showcasing strong growth potential and monetization strategy. Meta's network effects and efficient ad market strategy position it as a dominating force in the social media and digital ad markets.
Full articleSummary: Google is navigating challenges posed by generative AI and regulatory pressures by prioritizing AI-driven initiatives, undergoing restructuring, implementing workforce reductions, and embarking on partnerships to monetize AI applications. The company's financial performance remains strong, with robust growth in traditional revenue streams alongside a focus on AI. Google is set to unveil further innovations at its upcoming developer conference and is enhancing its competitiveness in the short-form video market.
Full articleSummary: Alphabet Inc., the parent company of Google, reached a milestone by closing more than USD 2 trillion market capitalization for the first time, driven by a robust earnings report highlighting the strength in artificial intelligence. The stock surged by 10% to USD 171.95, marking the largest one-day gain since its inception, propelled by strong revenue growth in cloud computing and AI technology.
Full articleSummary: Boeing faces legal dispute with GKN over closure plans and acquisition attempts, including threats to cut investment in other factories if legal action is taken.
Full articleSummary: Verdence Capital Advisors LLC reduced its stake in JPMorgan Chase & Co. by 11.6% in the fourth quarter, selling 12,047 shares. Insider activity includes CEO and Vice Chairman selling shares in February. The company's stock is currently trading up 0.1% and has increased its dividend.
Full articleSummary: JPMorgan Chase & Co. (JPM) trading plans indicate both long and short positions being suggested based on technical analysis. The plans recommend buying near certain levels of support and selling short near resistance levels with specific target prices and stop losses.
Full articleSummary: Despite a recent 10% stock dip, Meta Platforms reported strong quarter results with a 27% revenue increase and 114% surge in diluted earnings per share.
Full articleSummary: Apple's iOS 17.4 update introduced virtual card numbers for Apple Cash, allowing users to make purchases in digital storefronts that do not accept Apple Pay. Users can easily set up and view their virtual card numbers in the Wallet app. The update also includes new features such as Stolen Device Protection settings and Podcasts transcripts.
Full articleSummary: Meta Platforms reported a superb quarter with a 27% revenue rise and a 114% increase in diluted earnings per share, driven by an ongoing ad market recovery. The company currently trades at a forward P/E ratio of 22, with 3.2 billion daily active users and an ARPU of $11.20 in Q1.
Full articleSummary: Demi Vollering, the Tour de France Femmes champion, has signed a personal sponsorship deal with Nike, expressing excitement to pursue her dreams and inspire others. Nike, known for limited personal sponsorship deals in cycling, marks a significant milestone in women's cycling with this partnership.
Full articleSummary: CVS Health is removing cough-and-cold treatments containing ineffective ingredient phenylephrine, while Walgreens is monitoring the situation. FDA advisers voted against phenylephrine's efficacy, citing studies showing no difference from placebos.
Full articleSummary: ExxonMobil and Intel are collaborating to develop energy-efficient liquid-based cooling technologies for data centers.
Full articleSummary: ExxonMobil and Intel are collaborating to develop energy-efficient liquid-based cooling technologies for data centers.
Full articleSummary: Gen Z leaning towards pursuing trade schools and blue-collar jobs over college education due to demand for essential workers and growth in vocational community college enrollment. Trades seen as a quicker, less expensive path to entrepreneurship and job creation compared to traditional college education.
Full articleSummary: Google is expected to unveil the next gen affordable Pixel 8a at the Google I/O 2024 conference, featuring design cues from Pixel 8, enhanced AI capabilities, and a commitment to long-term software support.
Full articleSummary: Meta Platforms (META) reported strong financial results with revenue up 27% and diluted earnings per share up 114%. The company has 3.2 billion daily active users across its apps and an ARPU of $11.20, showcasing its ability to monetize its user base effectively.
Full articleSummary: Elon Musk visits Beijing during the auto show where Chinese automakers are showcasing their electric vehicles. Tesla has a manufacturing base in Shanghai and recently reduced prices in China. The EU is investigating Chinese subsidies for EV industry which could affect Tesla cars.
Full articleSummary: Elon Musk arrived in Beijing to discuss further cooperation with the China Council for the Promotion of International Trade amidst the Beijing auto show where Chinese automakers are showcasing their latest electric vehicle models. The EU has initiated an investigation into Chinese subsidies for the EV industry that could result in tariffs on electric vehicles made in China, which may include Tesla cars.
Full articleSummary: Pfizer Saudi has been recognized as one of the best places to work in Saudi Arabia for the second consecutive year. The company received outstanding scores in various aspects of the workplace and showed commitment to creating an environment where employees can thrive and excel.
Full articleSummary: Bender Robert & Associates increased its holdings in NVIDIA by 0.4% in the 4th quarter, adding 275 shares. Several other institutional investors also modified their positions in NVIDIA. NVIDIA reported its quarterly earnings data, beating the consensus estimate with a net margin of 48.85% and a return on equity of 93.61%. The company has received positive target price revisions from multiple analysts, with an average price target of $940.30.
Full articleSummary: The Indian equity markets turned optimistic last week due to relief from Middle East tensions and positive data from HSBC India Composite PMI, with the composite index rising to 62.2 this month. This week, major events expected to impact the markets include India’s infrastructure output, bank loan growth, deposit growth, quarterly results of blue-chip companies, US Fed's decision on interest rate, and US unemployment data. Investors will be eyeing the quarterly results of prominent companies and economic data such as infrastructure output in India. Additionally, US market data and global macros are expected to influence market dynamics.
Full articleSummary: Apple has issued a warning to iPhone users not to charge their phones overnight under a pillow or blanket and to avoid using damaged cables or chargers. They also caution against using third-party replacements without the 'Made for iPhone' badge for safety concerns.
Full articleSummary: Microsoft's Azure could become the biggest hyperscale provider as the company positions itself as an AI frontrunner. Google is seen as one of the best-positioned AI competitors following a strong earnings report. Despite concerns over expenses, Meta's revenue growth outlook remains strong, leading to a target price lift. JPMorgan advises against rotating away from AI stocks despite market pullback. Citi remains bullish on Lam Research, identifying AI storage SSDs as the next stock catalyst.
Full articleSummary: Analysts are bullish on tech giants like Microsoft, Alphabet, and Meta Platforms in the AI sector. JPMorgan advises against rotating away from AI stocks. Citi Research recommends buying Lam Research Corp due to projected growth in AI storage SSDs.
Full articleSummary: Chery Automobile signed a cooperation agreement with NVIDIA to enhance collaboration in autonomous driving technology, unveiling plans for a high-end intelligent driving platform and new models based on NVIDIA platforms.
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