#nyse

Summary of Q3 Performance: Badger Meter, a water control and measurement company, reported Q3 CY2024 results that fell short of Wall Street’s revenue expectations, though earnings surpassed estimates. Revenue increased by 11.9% year-on-year to $208.4 million, slightly below the anticipated...

Overview: Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, saw its Taipei-listed shares soar to a record high on Friday, following a stellar third-quarter earnings report that exceeded market expectations. The company also provided an optimistic forecast...

Lucid Group, Inc. (Nasdaq: LCID) announced on October 17, 2024, the pricing of its underwritten public offering of 262.4 million shares of common stock, generating approximately $1.67 billion in gross proceeds. The shares will be sold through various methods, including direct sales, broker...

Bank of America Corporation announced that its Board of Directors has declared a regular quarterly cash dividend of $0.26 per share on its common stock. This dividend is set to be paid on December 27, 2024, to shareholders of record as of December 6, 2024. Furthermore, the Board declared a...

Horizon Robotics, a leading Chinese company in the autonomous driving sector, is aiming to raise up to $696 million (HK$5.4 billion) through an initial public offering (IPO) on the Hong Kong stock exchange. This would make it one of the largest public offerings in the city this year. Horizon...

1. Markets Stock futures remained relatively unchanged Wednesday morning. The Nasdaq 100 rose slightly, while the Dow Jones futures fell by 11 points. The Nasdaq Composite was down 1.01%, partly due to a hit in semiconductor stocks after ASML's earnings report but remained close to record highs...

Stock Performance: ASML Holding (AS) experienced a sharp decline in its share price, plummeting more than 16% on Tuesday following a significant downward revision of its 2025 sales outlook. The stock continued to fall by an additional 5% in Wednesday’s premarket session. This decline reflects...

Overview of Performance: Citigroup reported solid Q3 2024 earnings, with net income of $3.2 billion and earnings per share (EPS) of $1.51. The Return on Tangible Common Equity (RoTCE) stood at 7%, reflecting improved performance amid global economic resilience and internal restructuring efforts...

Google has signed an agreement with Kairos Power, a nuclear startup, to construct seven small modular reactors (SMRs) aimed at generating around 500 megawatts of carbon-free electricity. This initiative comes at a time when energy demand for data centers and AI is skyrocketing, pushing tech...

Wolfspeed Inc. (NYSE: WOLF), a key competitor to Nvidia, witnessed its stock surge by more than 16% after securing a major funding agreement with the U.S. Department of Commerce. The deal, announced under President Biden's CHIPS and Science Act, is valued at up to $750 million. This capital will...

IBM has officially acquired Prescinto, a Bangalore-based company specializing in asset performance management (APM) software-as-a-service (SaaS) solutions, specifically for the renewable energy sector. This strategic acquisition aims to enhance IBM’s ability to manage and optimize renewable...

US Stock Futures Hold Steady After Record Highs Stock futures remain mostly unchanged following record highs in the S&P 500 and Dow Jones. Investors await corporate earnings from Citigroup and Goldman Sachs after positive reports from major banks last week. Nvidia, AMD, and Intel Shares Drop...

Microsoft announced the departure of Sebastien Bubeck, its Vice President of GenAI research, who is set to join OpenAI, the prominent AI startup behind ChatGPT. While Bubeck’s role at OpenAI has not been specified, his move marks a significant shift within the AI sector. A Microsoft spokesperson...

Hims & Hers Health (HIMS) saw its stock surge nearly 10% on Monday, closing at $20.50, after the U.S. Food and Drug Administration (FDA) announced that compounding pharmacies could continue producing copycat weight-loss drugs. This decision comes as the FDA reexamines whether there is a shortage...

Nvidia’s Record-Breaking Surge: Nvidia’s stock soared on Monday, closing at a record high of $138.07, marking a 2.4% increase. This pushed its market valuation to $3.4 trillion, surpassing Microsoft to become the second most valuable company on Wall Street, just behind Apple’s $3.55 trillion...

Sofi Technologies (SOFI) saw its stock jump over 8% after announcing a significant deal with fortress capital. The funds are aimed at expanding SoFi’s personal loans business, a key segment where the company refers pre-qualified borrowers to partners for loan origination and also...

Nvidia Corporation (NVDA) is rapidly approaching a new all-time stock high as it capitalizes on the booming demand for artificial intelligence (AI) technology. On Monday, Nvidia shares surged more than 3% in morning trading, surpassing $138. This marks a sharp increase from its previous record...

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, is expected to report a significant 40% increase in its third-quarter profit, driven by strong demand for AI chips. TSMC, a key supplier to tech giants such as Apple, Nvidia, and AMD, is forecasted to achieve...

Advanced Micro Devices, Inc. (AMD) has officially entered mass production for its MI325X AI chip, marking a significant milestone in its AI ambitions. In a forward-looking move, AMD is also preparing the next-generation MI350 series, slated for release in 2025. These developments come amid a...

NYSE and Nasdaq Open, Bond Market Closed Despite the federal holiday (Columbus Day), the New York Stock Exchange and Nasdaq will operate normally, while the bond market and government offices remain closed. US Stock Futures Steady After Last Week’s Rally Stock futures show little movement as...