The premarket trading session has seen companies like Nvidia, Super Micro Computer, and Advanced Micro Devices making impressive gains. Nvidia soared by 7.4% after announcing strong fiscal first-quarter results, better-than-expected guidance, and a 10-for-1 stock split. Similarly, Super Micro Computer and Advanced Micro Devices saw a jump of more than 5% and 3% respectively. These
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Nvidia, a company once known for its niche development of 3D gaming hardware, has undergone a remarkable transformation in recent years. With the increasing demand for artificial intelligence chips from tech giants such as Google, Microsoft, Meta, Amazon, and OpenAI, Nvidia has positioned itself at the forefront of technological innovation. The company’s fiscal first-quarter earnings
Macy’s fiscal first-quarter earnings report surpassed Wall Street’s expectations. The department store operator highlighted early signs of momentum in its turnaround strategy. CEO Tony Spring mentioned that the company is in the “early innings” of turning around its namesake stores. By increasing investments in certain Macy’s stores, the company has seen a positive response from
Lowe’s, the home improvement retailer, exceeded Wall Street’s expectations in terms of quarterly earnings and revenue. Despite a decrease in pricey item purchases by do-it-yourself customers, Lowe’s managed to outperform projections. This positive outcome is in stark contrast to its competitor, Home Depot, which fell short of revenue expectations due to challenges in the housing
Hims & Hers Health recently made headlines with the introduction of compounded GLP-1 weight loss injections, a new addition to their range of direct-to-consumer treatments. This move has caused the company’s shares to soar by 20% in early trading. While Hims & Hers already had a weight loss program in place, it did not include
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The CEO and co-founder of Navan, Ariel Cohen, has been diligently preparing the company for an eventual initial public offering this year. With recent adjustments to the leadership structure and board of directors, Navan is showing signs of maturity and readiness for the public markets. Rich Liu, an expert in scaling companies from seed to
The electric car market in China is undergoing a significant transformation, moving away from a sole focus on price competition. With the industry entering a new phase, companies are now placing more emphasis on providing features that cater to consumer preferences. According to a recent survey conducted by JPMorgan, over 80% of Chinese consumers expressed
JP Morgan recently upgraded Apollo Tyres (APTY) to Overweight from Neutral, citing the company’s efforts to reduce debt and pursue disciplined growth strategies. Despite a slight margin miss in the 4QFY24 results, APTY has already announced price increases to offset the impact of environmental protection requirements (EPR) and commodity inflation. The company has shown strong
The Federal Reserve is gearing up to publish the minutes of its most recent meeting, providing insight into the central bank’s stance on interest rates. Fed Chair Jerome Powell hinted that rates are likely to remain steady amidst inflation concerns. This comes after recent data showed a lower-than-expected increase in consumer prices, indicating a downward
Goldman Sachs recently reported a significant shift in the performance of the top technology companies, known as the “Magnificent 7,” after analyzing their first-quarter results. The collective profits of Apple Inc, Amazon.com Inc, Alphabet Inc, Meta Platforms Inc, Microsoft Corporation, NVIDIA Corporation, and Tesla Inc increased by 48% year-over-year. This growth was driven by a
Last year, media giants heavily relied on sports to attract advertisers during the Upfronts meeting week. The aftermath of a Hollywood strike and cost-cutting measures forced companies to lean more on sports than scripted shows. The decline in content and star power due to the strike led to a focus on live sports, which still
GameStop recently announced plans to sell 45 million common shares of its stock, causing the share price to drop by more than 20%. In addition to the stock offering, the video game retailer also reported a sales decline in the first quarter. These developments have contributed to the volatility in GameStop’s stock price. On a
Tesla, the electric-vehicle maker, recently revealed that it is cutting approximately 600 more employees across its manufacturing facilities and engineering offices in Fremont and Palo Alto as part of a major restructuring effort. The latest round of layoffs spanned various departments and roles, impacting factory workers, software developers, and robotics engineers. This move comes in