Newsfeeds Archive - Page 21 of 503

2 minute read

Robinhood Sees Surge in Trading as Bull Market Returns, Analyst Upgrades Stock

May 17, 12:38 PM

Robinhood (HOOD) shares rise as B&A Securities upgrades and raises price target. Analyst cites improved entry point, favorable macroeconomy, and profitability potential. Stock up 10.1% at $19.69.

HOOD

1 minute read

News
Tech

What’s Going On With AMD Stock Friday?

By Anusuya Lahiri

May 17, 10:54 AM

AMD stock trading higher as Microsoft considers using their AI chips for Azure, potentially beating Nvidia's GPU supply crisis. AMD gaining market share in x86 processor market and expected to make major announcements at Computex. Stock up 57% in past year.

AMD

1 minute read

TikTok Wants To Compete With YouTube, Trials Longer Videos for Full TV Episodes on the Platform

By Anusuya Lahiri

May 17, 10:40 AM

TikTok is testing 60-minute video uploads for select users, challenging platforms like YouTube. LinkedIn and Uber Eats are also exploring short-form video features.

AMZN

1 minute read

Bitcoin Stock Canaan Up After Q1 Print, What’s Going On?

By Anusuya Lahiri

May 17, 9:39 AM

Canaan reported Q1 2024 revenue decline of 36.5%,but beat analyst estimate. Earnings per ADS loss of $(0.16) also beat estimate. Canaan holds $54.7M in cash, and its Bitcoin holdings reach 1,057. Q2 2024 revenue expected to be $70M, and Q3 expected to be $70M. CAN stock has plunged 55% in last 12 months.

CAN

2 minute read

Snowflake Set to Acquire Reka AI for Over $1B, Expanding Its Generative AI Offerings

By Anusuya Lahiri

May 17, 8:47 AM

Snowflake Inc (NYSE: SNOW) to acquire Reka AI for over $1 billion. Reka specializes in large language models and could enhance Snowflake's AI capabilities.

GOOG

1 minute read

Figma Sets $12.5B Valuation in New Equity Offering, Falling Short of Adobe’s Acquisition Offer

By Anusuya Lahiri

May 17, 8:44 AM

Figma announces tender offer for investors to sell shares at $12.5B valuation, marking 25% increase from 2021. Deal falls short of Adobe's $20B offer.

ADBE

2 minute read

Nvidia Faces New Competition as Qualcomm and Ampere Launch AI-Focused Server

By Anusuya Lahiri

May 17, 8:16 AM

Arm-based chips from Qualcomm and Ampere are being used in a new AI server for efficient inferencing. This partnership aims to compete with Nvidia.

ARM

1 minute read

Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share

By Anusuya Lahiri

May 17, 7:52 AM

Alibaba Group uses AI to stay competitive in Chinese e-commerce market. Wenwen chatbot gives personalized recommendations. Net profit up, stock down.

BABA

2 minute read

Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

By Anusuya Lahiri

May 16, 1:47 PM

Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.

AAPL

2 minute read

Nvidia Set for Major Growth with Increased Data Center Spending and Expanding AI Demand, Analysts Say

By Anusuya Lahiri

May 16, 12:40 PM

Wedbush's Matt Bryson reiterated Outperform rating & $1,000 price target for Nvidia, citing robust demand for HBM & SSDs. Piper Sandler's Harsh Kumar maintained Overweight rating & $1,050 PT, expecting another strong quarter. Citi's Atif Malik predicts in-line Q1 sales & higher Q2 sales. All analysts bullish on Nvidia's growth potential.

NVDA