Maxeon Solar Technologies (NASDAQ: MAXN) reported Q1 revenue of $187.46M, missing estimates. EPS loss of $(1.59) also missed. Quarterly shipments declined 37%. Maxeon projects lower Q2 and FY24 revenue and significant investment from shareholder.
Robinhood Inc. (NASDAQ: HOOD) launched its Crypto Trading API for experienced traders in the US, offering automation, round-the-clock trading, collaboration, and enhanced security.
Grab (NASDAQ: GRAB) partners with OpenAI to integrate generative AI in app for visually impaired, elderly users & advanced chatbots. Stock up 25% in last 12 months.
Jim Lebenthal of Cerity Partners is bullish on NVIDIA Corporation (NVDA) with its 186% surge fueled by AI chip demand. Stephanie Link likes GE Healthcare, Joseph Terranova names Netflix as his final trade.
Amazon offers Prime members free Grubhub subscriptions, making Grubhub a permanent benefit. This could make Grubhub more appealing to potential buyers.
Boeing Co (NYSE) is set to present a corrective action plan to U.S. regulators to address significant quality issues within its factories. CEO Dave Calhoun and Stephanie Pope will meet with FAA Chief Michael Whitaker on Thursday in Washington.