Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending
Shares of Microsoft fell sharply on Thursday, dropping around 5% to $402.37 in early trading, as investors reacted to the company’s elevated capital spending outlook despite strong cloud growth and an earnings beat. The decline came even as broader markets showed mixed performance. The S&P 500 edged up 0.1%, while the Nasdaq Composite slipped 0.3%.
Shares of Nvidia fell roughly 4% in early Thursday trading, even as major technology companies signalled a sharp increase in spending on artificial intelligence infrastructure — a development that would typically benefit the chipmaker. The decline highlights growing investor caution around the sustainability of Nvidia’s dominance, despite strong demand signals. Capex surge points to strong
Yum Brands on Wednesday reported quarterly earnings and revenue that exceeded analysts’ expectations, supported by another strong performance from its Taco Bell division. The company posted adjusted earnings per share of $1.50, surpassing estimates of $1.38, according to a survey by LSEG. Revenue came in at $2.06 billion, slightly ahead of expectations of $2.04 billion.
Seagate Technology delivered a strong set of third-quarter results that comfortably exceeded Wall Street expectations, sending its shares sharply higher in premarket trading and reinforcing investor confidence in the durability of artificial intelligence-driven demand for data storage. The hard-drive maker reported adjusted earnings of $4.10 per share for the quarter, more than doubling from $1.90
US President Donald Trump met top officials from Chevron and other energy companies on Tuesday. The meeting focused on US oil production, oil futures, shipping, and natural gas, a White House official said on Wednesday. The discussion comes at a time of heightened volatility in global energy markets. The meeting aimed to gather industry feedback
Wall Street opened in the red on Wednesday, as investors were cautious ahead of a pivotal Federal Reserve decision and a heavy slate of Big Tech earnings, while keeping a close eye on rising oil prices and geopolitical tensions. The S&P 500 slipped 0.18%, alongside the Dow Jones Industrial Average, which fell 92 points, while
Brent crude oil prices hit a near one-month high on Wednesday as reports claimed that the US will continue to block shipments from Iranian ports in the Strait of Hormuz. The price of West Texas Intermediate crude oil also jumped comfortably above the triple-digit figure as supply concerns gripped the market. Gold on the other
SoFi Technologies reported strong first-quarter results, with profit and revenue surpassing expectations, but its shares fell sharply after the company issued a slightly weaker-than-expected outlook for the current quarter. The financial services firm said it expects adjusted revenue growth of around 30% in the second quarter, just below analyst estimates of 31%. The cautious guidance
Robinhood stock price slumped by over 9% in the extended hours after the blue-chip company’s earnings fell short of expectations because of the cryptocurrency slump. HOOD dropped to $74 after closing at $82 in the regular session. So, is it safe to buy the dip or sell the rip? Robinhood stock falls as earnings fall