Alphabet Struggles to Catch Up with Microsoft in Cloud and AI Markets
Alphabet Inc. (GOOG -6.50%) (GOOGL -6.57%) has been facing challenges in catching up with Microsoft Corporation (MSFT -1.35%) in the cloud and AI markets. In the first nine months of 2023, Alphabet generated 78% of its revenue from Google’s advertising…
Starbucks quarterly earnings and revenue miss Wall Street expectations
Starbucks reported quarterly earnings and revenue that missed Wall Street’s expectations as both domestic and international sales fell short of estimates. CEO Laxman Narasimhan said on the company’s conference call that the chain faced “headwinds,” including a boycott in the…
Super Micro Computer (SMCI) Outperforms Nvidia in Stock Market
Super Micro Computer (SMCI) has been making waves in the stock market, outperforming even the likes of Nvidia, the AI chip superstar. With a staggering 67% increase in 2024 and a total gain of nearly 500% since the end of…
Western Digital Reports Q2 FY2024 Results, Expects Revenue to Surpass Analysts’ Estimates Next Quarter
Western Digital (NASDAQ: WDC) has reported its Q2 FY2024 results, meeting analysts’ expectations with a revenue of $3.03 billion, down 2.4% year on year. The company also provided an optimistic sales guidance for the next quarter, expecting revenue to reach…
Analyst Dan Ives Criticizes Tesla, Calls Recent Earnings Call a ‘Train Wreck’
Analyst Dan Ives has strongly criticized Tesla, describing the company’s recent earnings call as a ‘train wreck’ and reducing the price target for Tesla stock. In a recent development, analysts have expressed bewilderment over Tesla’s decision not to provide an…
Intel Set to Announce Fourth-Quarter Earnings Amid Anticipation of Chipmaker’s Performance
Intel is set to announce its fourth-quarter earnings on Thursday, with investors eagerly anticipating the chipmaker’s performance. The focus is expected to be on Intel’s foundry business and the sales figures for its recently launched processors. Last quarter, Intel reported…
Texas Instruments Misses Q4 Analysts’ Revenue Estimates
Breaking News Published: Jan 23, 2024 04:05PM ET | Updated: Jan 23, 2024 04:31PM ET Texas Instruments (NASDAQ:TXN) Misses Q4 Analysts’ Revenue Estimates Analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell short of analysts’ expectations in Q4 FY2023, with revenue down…
Futures Edge Higher As Netflix Leads Earnings Winners
BREAKING: Futures Edge Higher As Netflix Leads Earnings Winners Intuitive Surgical Surges To A Record High With Rivals On The Horizon ‘Unlikely To Derail’ It Licensing Intuitive Surgical (ISRG) will continue to dominate the growing robotic surgery market, an analyst…
Bank of America Analyst: Netflix Has Won the Streaming Wars
Much has been made about competition getting fierce in the quest for streaming domination but maybe the race isn’t that competitive after all. This perspective comes from Bank of America analyst Jessica Reif Ehrlich, who thinks it is quite obvious…
Stocks making significant premarket moves: Coinbase, TKO Group, United Airlines, D.R. Horton
Stocks making the biggest moves premarket: Coinbase, TKO Group, United Airlines, D.R. Horton and more As the premarket trading session kicks off, several stocks are already making significant moves. Among the notable companies in focus are Coinbase, TKO Group, United…