Dow’s New All-Time-High: DIA Outperforms SPY In November — This Component Stock Is Up Over 90% YTD
The Dow Jones Industrial Average Index hit a new ATH of 36,264.85. DIA ETF overtakes SPY ETF over the past 5 days and the month.
AMD Exec Forrest Norrod Expects AI Revenue To Exceed $2B In 2024 Thanks To MI300
On the AI front, Norrod expects extraordinary interest levels over the next 24 months, with AMD's MI300 revenue exceeding $2 billion in 2024.
S&P 500 Recorded Its 2nd Best November Since 1980: Strategists See Bullish 6 Months Ahead
November 2023 saw the S&P 500 index rallying 8.9%. ETFs tracking the index also rallied, sparking optimism in the markets for bullish 6 months ahead.
Top 5 AI E-Commerce Players: How They Are Using Artificial Intelligence To Power Their Businesses
Amazon, eBay, Walmart, Shopify are already using AI in various ways to gain an edge in the market.
Pinduoduo Overtakes Alibaba In Market Cap For First Time; Jack Ma Declares ‘The Era Of AI E-Commerce Has Just Begun’
On Nov. 30, for the first time, PDD Holdings (NASDAQ:PDD), also known as Pinduoduo, surpassed Alibaba Holdings’ (NYSE:BABA) market capitalization.
Lockheed Martin Doubles Down On Army Contracts As Nvidia, Microsoft & Intel Aid Defense Digitization By The Company
Lockheed Martin bags $500M in contracts from U.S. govt in a month; 71% of its revenue comes from U.S. defense spending, which is expected to increase until 2033.
Salesforce Q3 Earnings Preview: Focus On Operating Costs, Profit Margins, Slack’s Leadership And Einstein GPT Integration
Salesforce anticipates $2.06 EPS, $8.72B revenue on Nov. 29. Analysts eye strong quarter, emphasizing cost reduction, Slack, AI, S&M leverage.
Synopsys Q4 Earnings Preview: All Eyes On AI Copilot, Microsoft And Azure OpenAI Strategic Collaboration
Synopsys stock is up 70% on a year-to-date basis. The stock got a further 2.5%+ boost since it announced a collaboration with Microsoft.
Snowflake Q3 Preview: Cloud Optimization Headwinds In Focus, Earnings Volatility Expected
SNOW reports Q3 earnings on Nov. 29, with expected EPS of 16 cents and revenue of $713.42M. Analysts eye AI, cloud optimization, and forecasts.
GM Stock Leads Auto Industry Upside: Analysts Predict Major Growth Over Rivals Including Tesla
BofA analysts see GM stock as the most undervalued among other OEM players, providing 165% upside with a price target of $75, leaving Tesla, Ford, Ferrari, Rivian, Lucid behind.