Tag: NASDAQ:NVDA
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Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News
Apple (NASDAQ:AAPL) – Smartphone shipments from Apple in China fell 19% in the first quarter due to competition from Huawei. Its market share decreased to 15.7%, nearly matching that of Huawei, which saw a 70% increase in sales. Apple now ranks third, behind Vivo and Honor. Additionally, FIFA is close to a deal with Apple…
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U.S. Index Futures Surge While Wall Street Eyes Rebound on Earnings Focus, Oil Prices Slip
U.S. index futures saw significant gains in Monday’s pre-market trading, signaling a potential stabilization on Wall Street after a six-session streak of losses for the S&P 500 and the Nasdaq Composite. Meanwhile, investors are refocusing on corporate earnings results. As of 6:09 AM, Dow Jones futures (DOWI:DJI) were up 184 points, or 0.48%. S&P 500…
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Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates
Salesforce (NYSE:CRM), Informatica (NYSE:INFA) – Salesforce has withdrawn from negotiations to acquire Informatica due to disagreements over terms, according to Reuters. The discussions were in advanced stages, with a potential price of around $30 per share for Informatica, which has clients such as Unilever and Deloitte. Salesforce shares rose 3.4%, while Informatica shares fell 6.2%,…
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Traders May Make Another Attempt At Bargain Hunting
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to move back to the upside after ending yesterday’s volatile session mostly lower. The upward momentum on Wall Street comes on the heels of four-day losing streaks for the Nasdaq and S&P 500, which have fallen to…
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Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News
Apple (NASDAQ:AAPL) – Apple plans to invest over $250 million to expand its operations in Ang Mo Kio, Singapore, with two buildings acquired in 2022 undergoing a major upgrade. CEO Tim Cook emphasized the importance of connecting with the local community. Oracle (NYSE:ORCL) – Oracle announced on Wednesday an investment of more than $8 billion…
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United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News
United Airlines (NASDAQ:UAL) – United Airlines forecasts an adjusted profit of between $3.75 and $4.25 per share for the June quarter. In the first quarter, it posted an adjusted loss of 15 cents per share, better than Wall Street’s estimate of a 57-cent loss per share. The company reaffirmed its earnings estimate for 2024 of…
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Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News
Delta Air Lines (NYSE:DAL) – Delta Airlines reported a first-quarter profit of $37 million, a significant increase compared to the $363 million loss from the previous year. With adjusted revenue of $12.56 billion, the company surpassed Wall Street expectations, attributing the success to strong demand for leisure and business travel, according to CEO Ed Bastian.…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen late in the previous session. Traders may look to pick up stocks at relatively reduced levels following the steep drop seen during Thursday’s session, which dragged the Dow down to its…
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Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates
Apple (NASDAQ:AAPL) – Apple is laying off 614 employees in Silicon Valley after ending its secret autonomous electric vehicle project. These are the first significant job cuts since the beginning of the pandemic, mainly impacting satellite offices in Santa Clara, California. Moreover, Hon Hai, known as Foxconn (USOTC:FXCOF), saw an 11.8% increase in sales in…
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Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC evacuated some factories and suspended operations after a 7.4 magnitude earthquake hit Taiwan, raising concerns about the global technology supply chain. Companies like Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) are affected. Taiwan is crucial for chips but vulnerable to natural disasters and geopolitical tensions. TSMC shares are down 0.9%…