Category: Latest News
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Nvidia Becomes 2nd Most Valuable Company in the USA, ASML Takes 2nd Spot in Europe, and More News
Nvidia (NASDAQ:NVDA) – The AI chip manufacturer is now the second most valuable company in the world after reaching a record market value, surpassing $3 trillion and Apple (NASDAQ:AAPL). With growing demand for its AI chips, the company is also preparing for a ten-for-one stock split, increasing interest from individual investors. This valuation increase in…
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Sprinklr Stock Plummets 22% Pre-market, Five Below Slides 16% on Weak Results and Projections, and More on Earnings
Sprinklr (NYSE:CXM) – In the first quarter, Sprinklr exceeded expectations, reporting earnings per share of 9 cents, while revenue reached $195.96 million, slightly above analysts’ forecast of 7 cents per share and revenue of $194.37 million. However, the company revised its annual revenue projections downward to between $779 million and $781 million, below previous expectations…
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US Index Futures Mixed; Oil Prices Rise
U.S. index futures are trading mixed in pre-market on Thursday after the S&P 500 and Nasdaq reached new closing records. Investors are eagerly awaiting the May jobs report, to be released on Friday, hoping to detect signs of weakness in the labor market, which could support potential interest rate cuts by the Federal Reserve. At…
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Nvidia’s Market Value Surges, Overtaking Apple
The market value of chip manufacturer Nvidia (NASDAQ:NVDA) has surged past $3 tn, which lifts the company ahead of Apple (NASADAQ:AAPL). The share price rose over 5% on Wednesday, to more than $1,224. This makes the company the second most valuable publicly listed company in the world, just behind Microsoft (NASDAQ:MSFT). Nvidia’s increase began last…
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Nasdaq, S&P 500 Rally To New Record Closing Highs
Stocks moved sharply higher over the course of the trading day on Wednesday, adding to the modest gains posted in the previous session. With the rally on the day, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) saw further upside going into the close,…
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Bitcoin Surpasses $71K Mark as US Bitcoin ETFs See $886 Million Influx, and More in Crypto
Bitcoin surpasses $71,000 and targets new record Bitcoin (COIN:BTCUSD) surpassed the $71,000 mark today, reaching an intraday high of $71,804.13, marking its highest price since May 21. The cryptocurrency is currently trading up 0.7% at $71,115 at the time of writing. According to technical analyses from CoinGecko, the cryptocurrency is approaching its final resistance before…
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Private Sector Job Growth Slowed More Than Expected
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April. Economists had expected private sector employment to…
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Weaker Than Expected Jobs Data May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing initial strength on Wall Street on Wednesday, with stocks likely to see further upside after ending yesterday’s lackluster session mostly higher. Early buying interest may be generated in reaction to a report from payroll processor ADP showing private sector job growth in the U.S. slowed by more…
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Apollo Buys 49% of Intel’s Irish Plant for $11bn, BlackRock and Citadel to Create Texas Exchange, and More News
Intel (NASDAQ:INTC), Apollo Global Management (NYSE:APO) – Intel launched its sixth-generation Xeon processors for servers and Gaudi 3 AI accelerators at competitive prices, aiming to regain market share in the data center sector dominated by AMD. The new chips promise greater efficiency and performance, essential for AI applications and data center operations. Additionally, Apollo Global…
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Hewlett Packard Up 15% in Pre-Market, Stitch Fix Climbs 17% After Beating Forecasts, and More on Earnings
Hewlett Packard Enterprise (NYSE:HPE) – Hewlett Packard Enterprise exceeded revenue expectations, driven by strong demand for AI servers, projecting third-quarter revenue between $7.4 billion and $7.8 billion. In the second quarter, HP Enterprise reported revenue of $7.2 billion, a 3% increase from the previous year, and above FactSet’s forecast of $6.8 billion. Adjusted earnings of…