Newsfeeds Archive - Page 25 of 503

1 minute read

HUYA Beats Revenue Estimates in Q1, Yet Faces Challenges in Game Streaming Sector

May 13, 10:15 AM

HUYA beats analyst estimates with $208.31M revenue in Q1 2024. Adjusted earnings per ADS was $0.05. Live streaming revenue declined, while game-related services and advertising revenue grew 137.6% Y/Y. Gross margin at 14.7%. Cash and equivalents at $1.30B.

HERO

2 minute read

Why Is Tencent Music Stock Trading Higher on Monday?

By Anusuya Lahiri

May 13, 9:09 AM

Tencent Music Group (NYSE: TME) exceeded analyst estimates with a Q1 revenue decline of 3.4%, driven by growth in online music services and higher gross margins.

KWEB

2 minute read

Arm Holdings Gears Up for AI Foray with New Chip Division Launching Next Year

By Anusuya Lahiri

May 13, 8:38 AM

SoftBank's Arm Holdings developing AI chips, with plans to release in 2022. Arm will fund development and seek partnerships for mass production.

AMZN

2 minute read

Alibaba Backs China’s AI Startups with Cloud Credits, Eyeing Leadership in Global AI Race

By Anusuya Lahiri

May 13, 8:28 AM

Alibaba invests in China's AI start-ups through cloud computing resources, following a similar strategy to Microsoft's OpenAI. Stock price at $80.04.

AMZN

3 minute read

Warner Bros. Discovery Eyes Turnaround with Upcoming Disney+ Bundle and NBA Deal, Analysts Say

By Anusuya Lahiri

May 10, 2:34 PM

Nispel upgraded Warner Bros. Discovery (WBD) from Sector Weight to Overweight with a $11 price target. WBD reported Q1 revenue below consensus, impacted by content impairment. Nispel expects a short-term rally as numbers stabilize and DTC improves. Martin reiterated Hold rating, noting WBD's Max bundle with Disney+ and Hulu launching this summer and potential for larger bundles in the future. Reif Ehrlich maintained Buy rating with $14 price target, citing upcoming catalysts and undemanding valuation. NBA media rights renewal is a key near-term event. WBD's Q1 performance reflects macro and linear ecosystem challenges. Network advertising was -11%.

DIS

2 minute read

Marathon Digital Ramps Up Mining Capacity – Is A Turnaround in the Making?

By Anusuya Lahiri

May 10, 1:42 PM

B. Riley Securities analyst maintains Marathon Digital Holdings at Neutral and lowers price target. Q1 earnings miss due to elevated costs.

BKCH

1 minute read

SoftBank’s Billion-Dollar Bet: Switching From Startups To Semiconductors, AI

By Anusuya Lahiri

May 10, 11:55 AM

SoftBank is in talks to acquire semiconductor startup Graphcore and recently led a $1.05 billion funding round for Wayve Technologies.

AMD

1 minute read

Cloud and AI Service Provider DigitalOcean Stock Soars – Here’s Why

By Anusuya Lahiri

May 10, 10:02 AM

DigitalOcean Holdings Inc (NYSE: DOCN) reported strong Q1 results with revenue of $184.73M, 12% Y/Y growth, and adjusted EPS of $0.43. Outlook is positive with expected growth in revenue and EPS. Stock up 5.89% premarket.

CLOU

1 minute read

AMC Networks Stock Slips: What’s Behind the Sharp Revenue and EPS Decline?

By Anusuya Lahiri

May 10, 9:05 AM

AMC Networks Inc (AMCX) reported Q1 2024 revenue decline of 16.9%, missing analyst estimates. Streaming subscribers increased but stock price fell.

AMCX

1 minute read

TSMC’s Record Sales Surge: What’s Behind the Sudden Spike?

By Anusuya Lahiri

May 10, 8:41 AM

The world's largest contract chipmaker, TSMC, saw a 60% surge in sales due to demand for AI and recovery in consumer electronics. It's also launching new chip technology to compete with Intel. Share price rose 68% in a year.

INTC