After Tesla’s Cost-Cutting, Rivian Trims Workforce Again This Year Amid Profitability Push
The EV startup had 16,790 workers as of Dec. 31, as per the report, which implies the latest round of cuts could amount to at least 150 jobs.
Google Reportedly Fires 28 Staff Members Over Israel Cloud Contract Protests: ‘Majority Of Our Employees Do The Right Thing’
The employees were fired after participating in sit-in protests at Google's New York and California offices. The protests were against Google's involvement in Project Nimbus, a $1.2 billion Israeli government cloud contract that also includes Amazon.com.
Nvidia Stock Could See 81% Upside By 2025, Says Evercore ISI: ‘Only In The Beginning Phases Of Generating Outsized Returns’
Evercore ISI initiated Nvidia with an "Outperform" rating and set a price target of $1,160, representing a 36% potential upside from the current levels.
Nio, XPeng, Baidu Are Trading Near 52-Week Lows: Which Chinese Stock Has More Upside?
Investors eye opportunities as top Chinese stocks hit 52-week lows. NIO, XPeng, and Baidu show potential upside of 311.70%, 215.78%, and 66.17%, respectively
Broadcom’s AI Chips Forge Ahead Unlocking Billions in Tech Potential, Analysts Say
Piper Sandler analyst reiterated Overweight rating on Broadcom with $1,650 target. AVGO is a top player in generative AI computing. Companies are hesitant to adopt, but management is confident in $50B opportunity. AVGO 1-1.5 years ahead of competition in Switch Products.
Meta’s Strategic AI Investments Enhance Ad Targeting, Boosting Revenue Projections: Analyst
Truist Securities analyst Youssef Squali maintained a Buy rating for Meta Platforms Inc and raised its price target. He expects strong revenue and earnings growth due to improved monetization and AI initiatives.
EU Clears Microsoft’s $13B OpenAI Investment from Formal Probe: A Relief for Tech Giants
EU approves Microsoft's $13B investment in OpenAI without formal investigation, citing lack of control over operations and promoting innovation.
Taiwan Semiconductor Q1 Earnings Preview: Earthquake Impact, New Plants, ‘Pick-And-Shovel’ Play For AI Puts Stock In Spotlight
An earthquake that happened in Taiwan in April and new plants announced by the semiconductor company could be key items in the Q1 report from Taiwan Semiconductor.
Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What’s Driving Markets Wednesday?
A sentiment of risk aversion looms over the markets during Wednesday’s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by geopolitical and economic risks.
EXCLUSIVE: Wix.com Enables Partners to Sell Studio Templates in Marketplace, Expanding Earning Opportunities
Wix expands Marketplace to allow Partners to sell templates, boosting earning potential. This strengthens Wix's goal to support agencies and freelancers in growing with their platform.