The high demand for AI stocks has raised concerns about a possible bubble, as many investors are pumping funds into AI technologies. However, renowned economist Jeremy Siegel believes it’s not yet time for a bubble.
European stock markets were higher in pre-trade amid impending Congress vote on the proposed US debt ceiling bill.
Despite China’s uneven economic recovery, Deutsche Bank “remains optimistic” about China for the medium to long term.
Due to a favorable forecast and AI adoption, Nvidia has seen explosive growth and could soon hit the trillion-dollar market cap.
As Gap increased layoffs during the first quarter, online sales declined 9 percent YoY but accounted for about 37% of net sales.
Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.
The below-than-expected revenue guidance has stirred a massive plunge in Snowflake shares.
In Q1, Nvidia partnered with ServiceNow, Medtronic, Dell Technologies, and Microsoft’s Azure to build generative AI for its array of products.
China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.
For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand.
The report says that macro drivers favor MicroStrategy shares in terms of the de-dollarization of the world economy.
The aviation business faces numerous problems and uncertainties, including fuel pricing, regulatory changes, geopolitical events, economic conditions, and competition from other carriers.
Wise saw its shares dip Monday after management announced that long-serving CFO Matt Briers would leave the company early next year.
Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.
Streaming giant Netflix experienced a rise in stock value Thursday after pitching advertisers at its first Upfronts session.