Music Giant Spotify’s Q1 Surprise: Investors Cheer Premium Subscriber Growth And Profit Bump
Spotify (NYSE:SPOT) reports Q1 2024 revenue of €3.64B, beating estimates. Premium revenue up 20%, MAUs up 19%, gross margin improves. Stock up 107%.
Broadcom Faces Backlash Over Licensing, EU Trade Groups Demand Investigation
Critics dismiss Broadcom's changes to cloud licensing, citing concerns over price increases, unfair terms, and bundling. EU regulators urged to investigate.
Amazon Ends Drone Deliveries in Lockeford, Sets Eye on New Arizona Site for Expansion
Amazon has stopped drone delivery in Lockeford, California, but will continue in College Station and plans to expand in Tolleson later this year.
Amazon’s Earnings Poised for Boost from AWS, Ads, and Retail Innovation: BofA Analyst
Analyst maintains Buy rating on $AMZN with $204 price target. Q1 earnings likely to reflect positive trends, with potential growth from AWS and advertising. Optimistic outlook for eCommerce growth and multiple expansions in 2024. Stock up 0.82% at $176.04.
Block Eyes Strong Growth, Anticipates Q1 Wins and Expands Ambitions for 2024: BofA Analyst
Analyst reiterates Buy rating on SQ with $93 price target due to potential for strong Q1 results and ambitious long-term goals. SQ up 0.70%.
Apple’s Next Big Leap: How AI Software and WWDC Announcements Could Fuel Growth
Morgan Stanley analyst maintains Overweight rating for Apple, lowers price target from $220 to $210. Expects slight upside to March revenue but significant June guide-down. Potential for relief rally and squeeze higher. AAPL shares down 12% YTD, can be accessed through VGT and XLK ETFs.
Tesla Layoffs Hit Marketing Team, Retracts Advertising Push
Tesla eliminates marketing team approved by Elon Musk, showcases shift away from traditional advertising as part of company layoffs.
What’s Going On With Taiwan Semi Stock On Monday?
TSM stock down due to 5.5-magnitude earthquake in Taipei, following a severe 7.4 quake earlier this month. TSMC quickly resumed operations. Tensions with China and production costs lead to premium pricing for chips made outside Taiwan.
What’s Going On With Sify Technologies Stock Monday?
Sify Technologies announced Q4 revenue of INR9.64 billion, missing consensus of $149.30 million. EBITDA improved 11.4% and cash balance was INR5.84 billion.
What’s Going On With Nvidia and AMD Stocks On Monday?
Nvidia and AMD stocks rebound after Friday selloff, influenced by Fed's rate cuts and AI demand. Oppenheimer analyst predicts strong earnings season.