#stockmarket

Meta, the parent company of Facebook, has been fined €91 million ($101.5 million) by the European Union's lead privacy regulator, Ireland's Data Protection Commission (DPC), for improperly storing user passwords without encryption. This significant penalty comes after Meta acknowledged in 2019...

Nvidia has made a remarkable recovery, rejoining the exclusive $3 trillion market capitalization club, driven by a surge in its stock price. This rally has added $2.3 billion to CEO Jensen Huang’s wealth, pushing his net worth to an impressive $108 billion, according to Forbes. With Huang...

Costco Wholesale Corporation (NASDAQ: COST) posted its Q3 CY2024 earnings, meeting Wall Street’s revenue expectations while delivering a notable profit beat. Although revenue growth was flat year-over-year, the retailer demonstrated resilience in a challenging market environment, underscoring...

Alphabet Inc. (NASDAQ: GOOG) has strengthened its partnership with Snapchat by integrating Google's Gemini AI into Snapchat's My AI chatbot, significantly enhancing its multimodal capabilities. This collaboration highlights the growing role of artificial intelligence (AI) in reshaping...

The U.S. Department of Justice (DOJ) has initiated an investigation into Super Micro Computer, a leading AI server manufacturer, according to sources cited by the Wall Street Journal. This development follows recent allegations by short-seller Hindenburg Research, which accused Super Micro of...

Smartsheet, a leading provider of workplace collaboration software, is set to be taken private by Vista Equity Partners and Blackstone in a substantial $8.4 billion transaction. According to the announcement made on Tuesday, shareholders of Smartsheet will receive $56.50 per share in cash...

Market Retreat: The Dow Jones Industrial Average and S&P 500 retreated from recent highs, with the Dow falling 0.7% and the S&P decreasing by 0.19%. Despite this, the tech-heavy Nasdaq Composite managed a slight gain of 0.04%. Meta's New Devices: Meta CEO Mark Zuckerberg unveiled a new virtual...

. Schlumberger (SLB) is effectively navigating a dynamic and competitive market landscape, underpinned by both its strong financial performance and strategic initiatives. In its most recent second-quarter report, the company posted a 5% sequential revenue growth, driven largely by robust...

Intel is navigating one of the most consequential weeks in its 56-year history, marked by profound challenges and strategic opportunities. As the chip giant grapples with plummeting sales and an escalating battle for dominance in the AI landscape, CEO Pat Gelsinger’s aggressive turnaround plan...

Micron Technology Inc. delivered a strong fiscal Q4 2024 performance, showcasing record revenues and significant growth across several key financial metrics. Here are the main points from the earnings call: Revenue: $7.8 billion for fiscal Q4, a 14% sequential increase and 93% growth...

Super Micro Computer Inc. (SMCI) is positioning itself at the forefront of the energy storage revolution through a strategic collaboration with SES AI. This partnership underscores the rapidly expanding intersection of artificial intelligence and energy technology, reflecting a broader trend...

Palantir Technologies Inc. (NYSE: PLTR) has secured a multi-million-dollar contract to revolutionize the healthcare sector by leveraging advanced artificial intelligence (AI) technologies. The contract highlights Palantir's strategic focus on deploying AI to address critical needs within...

COMPANY OVERVIEW: Founded: 2003 Business Focus: Palantir Technologies specializes in data analytics, artificial intelligence (AI), and machine learning. Its primary platforms, Palantir Gotham and Palantir Foundry, enable organizations to integrate, manage, and analyze large datasets for...

Constellation Energy Corporation (NASDAQ: CEG) has formed a strategic partnership with Microsoft to restart the iconic Three Mile Island nuclear power plant in Pennsylvania, which was shut down in 2019. The collaboration underscores the rising demand for clean and reliable energy solutions to...

Market Gains The S&P 500 and Dow Jones Industrial Average reached record highs, with the S&P up 0.25%, the Dow rising 83.57 points, and the Nasdaq climbing 0.56%, driven by Nvidia's stock surge. Consumer Confidence Drops U.S. consumer confidence fell to 98.7, its biggest one-month decline in...

Nvidia’s stock climbed by 4%, with an intra-day peak of 5%, following reports that CEO Jensen Huang has completed planned stock sales amounting to a staggering $713 million. The sales were part of a prearranged 10b5-1 trading plan adopted in March, allowing Huang to sell up to 6 million shares...

Intel (INTC) announced the launch of two cutting-edge artificial intelligence chips, the Xeon 6 CPU and Gaudi 3 AI accelerator, marking a strategic move to strengthen its data center business and regain market share from rivals AMD and Nvidia. These chips aim to deliver enhanced performance and...

China Unveils Broad Stimulus Package China implemented new monetary measures to boost its struggling economy, including cutting interest rates and announcing 800 billion yuan ($114 billion) in liquidity to support the stock market. Crude oil prices rose, and Alibaba's ADRs gained 5% in premarket...

A stock buyback (also known as a share repurchase) is when a company buys its own shares back from the open market. Here’s a breakdown of how it works and why companies do it: 1. How It Works: Company Buys Shares: The company uses its cash reserves to purchase its shares from existing...

Snowflake Inc. (NYSE: SNOW), the leading AI Data Cloud company, unveiled plans for a private placement of $2 billion in convertible senior notes. The offering consists of $1 billion in 2027 convertible notes and another $1 billion in 2029 convertible notes. The notes are being offered to...