Arm Holdings (ARM) is up more than 57% in Thursday morning’s trading session after delivering a strong earnings performance alongside an even stronger guidance for the current quarter. The chip designer brought in $824 million in revenue for the quarter, easily surpassing the analyst expectation of $762 million. Profits were strong too with an [...]
Yesterday after the bell Intel (INTC) shared an update on its Q1 earnings expectations that sparked concern among investors, and a sell-off ensued. The stock is down more than 10% in Friday’s trading session as a result. Intel is forecasting revenue between $12.2 billion and $13.2 billion, below the FactSet consensus of $14.3 billion. [...]
One of the most legitimate concerns surrounding AI technology is now being addressed by a collaboration between IBM and Casper Labs. The technology giant and blockchain service provider are teaming up to bring AI and Web3 technologies together to mitigate IP and safety issues. As more and more businesses take existing LLM’s (large language [...]
After leading 2023 as the S&P 500 index’s best performer, Nvidia (NVDA) is picking up where it left off to start the new year. The stock has climbed nearly 14% in the past week and is up more than 2% in Wednesday morning’s trading session. This recent breakout puts its market cap at $1.3 [...]
by Leslie N. Masonson, MBA StoneCo Ltd (Nasdaq: STNE), was founded in 2000 in George Town, the Cayman Islands, where it is currently headquartered. The company offers financial technology and software applications to its 2.6 million customers and partners in the area of electronic commerce, and especially online, in-store and through mobile channels. Their [...]
by Leslie N. Masonson, MBA Nextracker Inc. (NYSE:NXT), a worldwide integrated energy, solar and software solutions company was founded in 2013 in Fremont, CA where it is currently headquartered. It has $2.1 billion in annual sales and a market capitalization of $2.95 billion with only 606 full-time employees. The company’s services are used in [...]
Momentum was surging for Joyy Inc. (YY) heading towards the end of 2023, as Baidu was set to acquire the Singapore-based streaming company in an all-stock acquisition. However, the deal has fallen through according to a filing in Hong Kong. YY is down 15% so far in the first trading session of 2024. While [...]
Apple’s accolades are endless, but its recent legal trouble hurt the stock’s performance despite its far-reaching influence. The company is the first to hit a $3 trillion valuation, it provides endless tech options for consumers, and also owns the title of 2023’s largest company globally. But success didn’t stop the company’s stock (AAPL) from [...]
Oracle (ORCL) delivered second-quarter earnings after the market closed Monday, and the results sent shares lower in extended trading. They picked up from there this morning when the bell opened and the stock fell 11%. The software company fell short of expectations for revenue, delivering just $12.94 billion compared to the consensus of $13.05 [...]
by Leslie N. Masonson, MBA GigaCloud Technology, Inc. (Nasdaq:GCT), was incorporated in 2006 in Walnut Creek, California where it is currently headquartered. It has $584 million in annual sales and a market capitalization of $440 million with 764 full-time employees. Previously, it was known as Oriental Standard Human Resources Holdings Limited with a name [...]
