#stockmarket

GE Aerospace (GE) delivered a robust third-quarter performance, significantly surpassing market expectations. The company reported $9.84 billion in revenue, exceeding analysts' consensus estimate of $9.55 billion, driven by strong demand for airplane engines and aerospace components. Net income...

Nvidia (NVDA), a leader in AI technology, is expanding its influence beyond data centers through a strategic partnership with Miso Robotics, known for its innovative use of AI in the restaurant industry. This collaboration focuses on integrating Nvidia's cutting-edge Vision AI technology into...

Spirit Airlines (SAVE) experienced a dramatic stock surge of nearly 40% in premarket trading on Monday after announcing it had extended its debt refinancing deadline with Visa and Mastercard. Initially set for September and extended to October, the deadline has now been pushed to December 23...

As Tesla prepares to report its quarterly earnings, all eyes will be on CEO Elon Musk’s ambitious robotaxi plans and the financial health of the company. Investors and analysts are eager to probe deeper into the details of Tesla’s self-driving strategy, following a recent, underwhelming event...

Perplexity AI Inc., an emerging player in the artificial intelligence sector, is reportedly in early discussions to raise over $500 million in funding, potentially valuing the company at around $9 billion. This development highlights the surging interest in AI-driven search technology, as...

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...

Overview: Blackstone, the largest alternative asset manager globally, has announced plans to invest 7.5 billion euros ($8.2 billion) to develop data centers in Spain's Aragon region. This significant investment aims to position the region as a key European hub for cloud computing infrastructure...

Stifel raised its price target for IBM to $246 from $205, maintaining a Buy rating. Despite a weaker Q3 forecast, IBM is expected to slightly outperform earnings estimates. IBM's dividend yield of 2.9% makes it attractive, though the stock seems stretched pre-earnings. Analysts suggest IBM is...

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...

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...

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...

Warner Bros Discovery is set to expand its Max streaming platform to seven new Asian markets on November 19, 2024. This rollout will extend the service’s availability to over 72 countries worldwide. The newly added regions include Indonesia, Malaysia, the Philippines, Singapore, Thailand...

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...

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...

Strong Financial Performance: Earnings Per Share (EPS): Affected by a $0.45 impact due to an outage caused by CrowdStrike. Operating Margins: Achieved double-digit margins. Free Cash Flow: $3 billion year-to-date. Profit Sharing: $1 billion accrued towards next February. Revenue: In line...

Tesla's (TSLA) stock dropped by around 7.5% during Friday morning trading after CEO Elon Musk's highly anticipated robotaxi reveal left investors unimpressed. The shares had already fallen by nearly 1% on Thursday before the event. Tesla introduced its new self-driving car prototype, the...

On October 10, 2024, Advanced Micro Devices (AMD) unveiled its latest Ryzen AI PRO 300 Series processors, built to revolutionize business computing through unprecedented AI processing capabilities and industry-leading performance. The new processors, featuring AMD's “Zen 5” architecture and...

Palantir Technologies Inc. (NYSE: PLTR) has experienced a remarkable stock surge of over 160% year-to-date (YTD), largely driven by its advancements in artificial intelligence (AI) and strong investor confidence in the sector. The company’s market value is now approaching $100 billion, putting...