Newsfeeds Archive - Page 20 of 503

1 minute read

News
Tech

Broadcom Launches Cutting-Edge 400G Ethernet Adapters for AI Data Centers

May 20, 11:42 AM

Broadcom Inc announced new highly-scalable, low-power 400G Ethernet adapters for data centers. This open, standards-based solution resolves connectivity bottlenecks for growing AI infrastructure. Tech giants have invested billions in AI infrastructure, leading to projected upside for Broadcom. AVGO shares are up 0.59%.

AVGO

1 minute read

What’s Going On With Chinese Internet Company Sohu Stock After Q1 Print?

By Anusuya Lahiri

May 20, 9:55 AM

Sohu.com reported a 14% revenue decline YoY in Q1 2024, with a net loss of $(0.65) per ADS. The company expects a decrease in brand advertising revenue for Q2.

EWX

1 minute read

Website Creator Wix Gains After Q1 Print, What’s Going On?

By Anusuya Lahiri

May 20, 8:59 AM

Wix.com reported strong Q1 2024 results with revenue of $419.8M (+12% Y/Y) and EPS of $1.29 beating analyst estimates.

WIX

2 minute read

Disney’s Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook

By Anusuya Lahiri

May 20, 7:28 AM

Disneyland cast members voted to unionize with the Actors' Equity Association, addressing issues such as safety and fair wages. This echoes a trend of organizing in the entertainment industry and large companies.

AAPL

2 minute read

Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks

By Anusuya Lahiri

May 20, 7:23 AM

Li Auto (LI) reported Q1 2024 revenue of $3.55B, missing analyst estimates. Net earnings per ADS also missed estimates. Vehicle sales and deliveries increased. Q2 outlook predicts $4.1B - $4.3B in revenue and 105K - 110K vehicle deliveries.

FTLS

1 minute read

Electric Scooter Company Niu Tech Stock Falls After Q1 Print, Read The Details

By Anusuya Lahiri

May 20, 6:52 AM

Niu Technologies reported 21% revenue growth in Q1 2024, with an increase in sales volume but decrease in revenues per e-scooter. Earnings per ADS were $(0.10) and the company expects further revenue growth in Q2 and 2024. Investors can access the stock through Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS). NIU stock has declined 46% in the last year.

NIU

1 minute read

OpenAI Rethinks AI Safety Strategy After Key Team Members Depart

By Anusuya Lahiri

May 17, 2:59 PM

OpenAI disbands safety team after leaders' departures, integrates into broader research efforts. Biden Admin. engages tech firms on AI dangers.

GOOG

3 minute read

Netflix’s Advertising Strategy Promises Big, with 40M Ad-Supported Viewers and Unique Ad Integration Plans, Analysts Says After Event

By Anusuya Lahiri

May 17, 2:34 PM

Oppenheimer analyst reiterated Outperform rating on Netflix with price target of $725. Netflix showcased robust content slate, ad partnerships, & upcoming ad platform launch. Ad revenue ramp may take time. Other analysts maintained Neutral/Sell ratings.

GOOGL

1 minute read

News
Tech

What’s Going On With Nvidia Stock Friday?

By Anusuya Lahiri

May 17, 12:53 PM

Microsoft may use Advanced Micro Devices AI chips for cloud clients due to Nvidia's supply issues. Analysts see strong growth for Nvidia in data centers.

AMD

2 minute read

Confluent Set to Capture Major Market Share with Unique Streaming Tech: Oppenheimer Analyst

By Anusuya Lahiri

May 17, 12:43 PM

Oppenheimer analyst initiates coverage on Confluent Inc (CFLT) with Outperform rating and price target of $37, citing unique technology, large TAM, and potential for strong growth in real-time data market.

CFLT