Tag: NASDAQ:SMCI
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Easing Worries About Possible Rate Hike May Generate Buying Interest
The major U.S. index futures are currently pointing to a notably higher open on Thursday, with stocks likely to move to the upside as traders continue to digest yesterday’s Federal Reserve announcement. The upward momentum on Wall Street comes amid easing concerns the Fed’s next monetary policy move could actually be an interest rate hike…
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U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision
U.S. index futures indicate a slightly lower opening for Tuesday’s trading as Wall Street positions itself for a series of significant earnings releases from large-cap companies. This movement comes in a crucial week marked by the Federal Reserve’s deliberations on interest rates, an event closely watched by investors. As of 7:06 AM, the Dow Jones…
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Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News
Coca-Cola (NYSE:KO) – Coca-Cola has signed a new five-year contract, worth US$1.1 billion, with Microsoft (NASDAQ:MSFT), utilizing its cloud computing and artificial intelligence services, including Azure OpenAI. The agreement aims to enhance Coca-Cola’s productivity with tools like Microsoft’s Copilot. Apple (NASDAQ:AAPL) – Apple announced an event on May 7, with no details revealed, but rumors…
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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Salesforce (NYSE:CRM), Informatica (NYSE:INFA) – Salesforce has withdrawn from negotiations to acquire Informatica due to disagreements over terms, according to Reuters.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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Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News
Super Micro Computer (NASDAQ:SMCI) – An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated Overweight, JPMorgan analyst Samik Chatterjee justifies the “premium valuation” due to the rapid growth of the artificial intelligence server market. SMCI shares are up…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground following the strong upward move seen in the previous session. A pullback by Nvidia (NASDAQ:NVDA) may generate some selling pressure, as the chipmaker is slumping by 2.7 percent in pre-market trading. Nvidia held its…
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Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News
Apple (NASDAQ:AAPL) – Apple is in discussions with Google to integrate Gemini AI into the iPhone. Additionally, it is considering a partnership with Microsoft and OpenAI for generative features. Moreover, Apple is preparing updates for iOS 18 but is seeking a partner to enhance functionalities. An announcement could be made in June during the Worldwide…
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Broadcom in Talks to Sell Computing Unit, Alcoa Acquires Alumina for $2.2 Billion, and Latest News
Broadcom (NASDAQ:AVGO) – Broadcom is nearing a $3.8 billion deal with KKR & Company (NYSE:KKR) to sell its end-user computing unit. The CEO is looking to streamline the portfolio after acquiring VMware. The deal could be announced on Monday, with KKR leading the auction. Alcoa (NYSE:AA) – Alcoa has made a $2.2 billion proposal to…
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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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Boeing Faces Strike Threat, Palantir Up 18% After Recording its First Profitable Year, and More
Boeing (NYSE:BA) – The FAA announced that 94% of Boeing 737 MAX 9 planes have returned to service after a suspension caused by an air emergency. The inspections included a detailed review, and investigations are ongoing. The FAA is reassessing its oversight of Boeing, considering possible changes in inspection approaches and relations with the manufacturer.…