Eni Monetizes Oil Past to Finance Clean Energy Future: Report
Italian oil company Eni plans to spin-off interests in oil and gas projects to focus on low-carbon activities. It also aims to raise funds through deals and divestitures.
Fastly’s Near-Term Risks Include Challenges with Top Customers, Analyst Expresses Concern
Analyst downgrades Fastly Inc from Buy to Underperform and lowers price target, citing near-term risks and decelerating growth in largest customers.
Super Micro Updates Fiscal Guidance As Nvidia Shifts, 4 Analysts Provide Perspectives
Wedbush analyst maintains Super Micro Computer Inc with Neutral rating and raises price target from $530 to $800, citing sales momentum and concerns about margins and competition in AI server market.
April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market
Performance in April 2024: Utilities lead, real estate lags. S&P 500, Nasdaq 100, Dow Jones Industrial Average, small-cap and large-cap indices all decline.
Despite Revenue Dip, Nokia’s Q1 Net Profit and Technology Patents Fuel Growth
Nokia (NYSE: NOK) reported a 20% decline in net sales for Q1 2024, missing consensus. Margins improved, dividend of €0.04 per share declared.
Marvell Analyst Tags Stock as Top Pick for AI Boom, Predicts Significant Industry Upswing
Analyst initiates coverage on MRVL with Outperform rating and $88 price target, citing strong outlook for semiconductor sector and Marvell's potential in networking and AI. MRVL stock up 68% in 12 months.
What’s Going On With Italian Energy Company Eni Shares Today?
Eni reportedly plans to sell minority stakes in biofuel and bio-plastic units, aiming for EUR1.3B. It may also set up separate entities for greener businesses.
Why Ericsson Shares Are Higher Premarket Tuesday
Ericsson reports Q1 FY24 results with sales declining 15% Y/Y. Gross margin improves, EPS beats consensus. Outlook remains cautious.
Marvell Tech Set for Major Growth with AI Accelerators for Amazon, Google, and Potential Microsoft Deal: Analysts
Analyst reiterates Buy rating on Marvell with $95 PT. Marvell's AI event unveils growth opportunities and new customers. Stock gained 80% in 1 yr.
Super Micro Boosts Edge Computing with New Intel-Powered IoT and Embedded Systems
Super Micro Computer unveils new IoT and embedded systems to boost AI performance at the edge, with potential for significant growth and stock gains.