Nvidia (NVDA) stock fell Wednesday after rival AI chipmaker Advanced Micro Devices (AMD) disappointed investors with its tepid guidance. Semiconductor stocks overall took a bath following quarterly reports from AMD and Skyworks Solutions (SWKS). X Late Tuesday, AMD matched Wall Street’s earnings target for the first quarter but sales were a tad light. Its sales …
Tesla (TSLA) reported worse-than-expected first-quarter earnings and revenue late Tuesday. Investors appeared not to care, sending TSLA shares jumping 12% Wednesday after Chief Executive Elon Musk signaled “more affordable” new models are on the way. Musk also predicted 2024 vehicle deliveries would be higher, stressing Tesla’s focus on full-self driving (FSD) during the earnings call. …
Meta stock sank late Wednesday as the Facebook parent company’s first-quarter results apparently failed to live up to sky-high expectations. While the company beat consensus expectations for both sales and earnings, Meta Platforms (META) executives gave a lighter-than-expected sales forecast for the current quarter. X Meanwhile, Meta’s push to be a leader in generative artificial …
Tesla (TSLA) cut EV prices in the U.S., China and Europe over the weekend, as well as slashing the price for Full Self-Driving. They are the latest pricing strategy shifts by the struggling EV giant. X Meanwhile, Tesla CEO Elon Musk postponed a trip to India. Tesla Cuts U.S. EV Prices The Model Y now …
Shares in Snap (SNAP) plunged Wednesday after the social media platform reported fourth-quarter adjusted profit that topped estimates while revenue missed Wall Street targets. The company plans higher investments for Snap stock amid stiff competition for consumer social media usage. X Snap reported Q4 financial results after the market close on Tuesday. On the stock …
Software titan Microsoft (MSFT) late Tuesday beat Wall Street’s targets for its fiscal second quarter thanks to strong cloud computing business. But its sales guidance for the current quarter was a shade below estimates. MSFT stock wavered in extended trading. X The Redmond, Wash.-based company earned $2.93 a share on sales of $62.02 billion in …
Shares of chipmaker Intel (INTC) fell sharply Friday after the company badly missed estimates with its forecast for the current quarter. Intel stock plummeted nearly 12% on the news. X The Santa Clara, Calif.-based company late Thursday reported adjusted earnings of 54 cents a share on sales of $15.41 billion in the December quarter. Analysts …
Wall Street slashed 2024 profit projections Thursday, with even long-term bulls critical, with Tesla (TSLA) headed for a difficult 2024 after the EV giant and CEO Elon Musk offered a tempered outlook with few specifics late Wednesday. TSLA stock plunged. X Tesla reported worse-than-expected fourth-quarter earnings and revenue Wednesday, following it with a conference call that …
With Tesla (TSLA) stock slumping to begin 2024, as the EV giant continues to cut vehicle prices and put pressure on margins, a bull decided to slash his TSLA stock price target Monday. X Morgan Stanley analyst Adam Jonas on Monday cut his TSLA price target to 345, down from 380, but kept an overweight …
The Dow Jones Industrial Average dropped 150 points Monday, as shares of Dow component Boeing (BA) plunged with the grounding of its 737 Max 9 jets. Meanwhile, Nvidia stock is breaking out today past a new buy point, hitting a new record high. X After the opening bell, the Dow Jones Industrial Average lost 0.4%, …