Tag: NASDAQ:ARM
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Arm Sets 2025 Target for AI Chip Development, Amazon and Microsoft Commit Billions to French Investments, and More
Arm Holdings (NASDAQ:ARM) – SoftBank is collaborating with Arm to develop AI chips, aiming to start mass production in 2025. SoftBank is financially contributing, negotiating with manufacturers like TSMC (NYSE:TSM). Amazon (NASDAQ:AMZN) – France secured new jobs and investments on Sunday before hosting a foreign investment summit. Macron led the ‘Choose France’ event, aiming to…
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Airbnb Stocks Drop 8% Amid Bleak Outlook; Bumble Surges 14% on Global Download Rise, and More in Earnings
Airbnb (NASDAQ:ABNB) – Airbnb’s shares fell 8.4% in pre-market trading despite surpassing first-quarter expectations with earnings per share of 41 cents, compared to the expected 24 cents, and a revenue of $2.14 billion, beating the forecast of $2.06 billion. However, the company provided a less optimistic outlook for the future. Airbnb projected second-quarter revenue to…
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U.S. Futures Slightly Dip Amid Corporate Earnings and Quiet Economic Calendar, Oil Prices Fall
U.S. index futures show slightly negative fluctuations on a day with a limited economic agenda, as investors await statements from key Federal Reserve officials. Throughout the day, figures such as Vice Chairman Philip Jefferson, Boston Fed President Susan Collins, and Fed Director Lisa Cook are expected to share their perspectives, potentially influencing market expectations. At…
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Nvidia’s Earnings Skyrocket by 769%, BuzzFeed’s Pre-Market Shares Surge by 85%, and Other Highlights
BuzzFeed (NASDAQ:BZFD) – BuzzFeed shares surged over 80% in Thursday’s pre-market after announcing the sale of Complex and planning staff cuts. Complex was sold for $108.6 million to NTWRK, while BuzzFeed will lay off 16% of its staff to save costs. New details will be shared on February 28th. Amazon (NASDAQ:AMZN), Walgreens (NASDAQ:WBA) – Amazon…
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Cisco Systems Stock Drops 5% Following Restructuring Plan, Berkshire Trims Apple Stake, and Latest News
Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway reduced its stake in Apple (NASDAQ:AAPL), selling 10 million shares, while holding over 905 million. It also increased its position in Chevron (NYSE:CVX), reduced it in HP (NYSE:HPQ), and Paramount Global (NASDAQ:PARA). The company kept investors guessing on what could be a major new investment by Warren Buffett. Nvidia…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the modest gains seen at the close of yesterday’s lackluster session. The markets appear poised to extend their recent upward trend, which has lifted the Dow and the S&P 500 to new record highs. With…
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U.S. Index Futures Edge Higher, Oil Prices Show Modest Movements
In the pre-market on Friday, U.S. index futures are slightly up, after the S&P 500 closed just under 3 points below the key threshold of 5,000 the day before. At 05:32 AM, the futures of the Dow Jones (DOWI:DJI) rose 6 points, or 0.02%. The S&P 500 futures rose 0.10% to 5,023.00 points, and the…
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Arm Achieves Record Revenue, PayPal Shares Plummet by More Than 9%, and Latest Updates
Apple (NASDAQ:AAPL) – According to The Information, Apple is working on prototypes for at least two foldable iPhone models that fold horizontally, resembling a clamshell. These foldable devices are in the early stages of development and are not expected for mass production until 2024 or 2025. Apple has recently contacted at least one manufacturer in…
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U.S. Index Futures Dip Ahead of Key Earnings Reports, Oil Prices Climb
In Wednesday’s pre-market, U.S. index futures show a negative trend, reflecting investor uncertainty as they await a new round of quarterly reports from renowned companies. At 5:49 AM, Dow Jones futures (DOWI:DJI) fell 38 points, or 0.10%. S&P 500 futures dropped 0.07%, and Nasdaq-100 futures were stable. The 10-year Treasury bond yield was at 4.121%.…
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Illumina’s Grail Divestment, Arm’s China Layoffs, IBM’s Software AG Acquisition, and More
U.S. index futures started the week in positive territory on Monday, after the three major indices recorded seven consecutive weeks of gains. At 5:10 AM, Dow Jones futures (DOWI:DJI) rose 64 points, or 0.17%. S&P 500 futures rose 0.21%, and Nasdaq-100 futures rose 0.12%. The yield on 10-year Treasury bonds was at 3.898%. In the…