Faraday Future Intelligent Electric Inc. FFIE shares are trading higher premarket on Monday. On Sunday, the company disclosed securing around $30 million in cash financing commitments. The financing comprises $7.5 million pre-funded in the fourth quarter of 2024 and $22.5 million in new cash commitments structured as unsecured convertible notes and warrants. The Convertible Notes…
The battle for AI supremacy isn’t just about innovation — it’s a clash of titans in the stock market. Nvidia Corp NVDA and Palantir Technologies Inc PLTR are two names synonymous with AI dominance, but which one deserves a spot in your portfolio? Let’s break down the numbers and signals analysts are sending. Nvidia, with…
The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…
The U.S. stock market posted another week of strong performance, with major large-cap indices such as the S&P 500, the Dow Jones and the Nasdaq 100 extending their record highs. Technology and consumer discretionary sectors led the gains, driven by several mega-cap tech giants – Apple Inc. AAPL, Amazon.com Inc. AMZN and Meta Platforms Inc….
EV charging stocks hit the brakes in November, down 21% over the past month, trailing both broader market indices and the EV sector average. Yet, JPMorgan analyst Bill Peterson sees a bright spot in EVgo Inc EVGO, which continues to pull ahead of peers despite the industry’s sluggish growth. EV Deployments: Running On Fumes The…
SoundHound AI Inc SOUN has been stealing the show in the stock market with a jaw-dropping 564% gain year-to-date. The stock’s trajectory has been up, fueled by optimism over its voice AI technology. But is the rally sustainable, or is this just a short-term hit? Chart created using Benzinga Pro The technical indicators for SoundHound…
In the electric vehicle (EV) battle, Tesla Inc. TSLA and BYD Co Ltd BYDDF BYDDY are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and budget markets with its diversified lineup and affordability. With Tesla…
One of the most anticipated vehicle launches of all time happened on Nov. 30, 2023 with Tesla Inc TSLA delivering its first Cybertruck vehicles to a long waiting list of reservation holders of the highly anticipated electric pickup truck. Here’s a look back at the company’s unveiling of the truck and how much investors could…
Stellantis NV STLA’s struggles in 2024 have been nothing short of profound. The company’s stock has plummeted 47% year to date, nearly halving its market value amid a confluence of negative factors, now further compounded by the departure of the CEO Carlos Tavares. Tavares’ unexpected resignation came more than a year ahead of his planned…
Anthony Scaramucci, who briefly served as White House communications director during President-elect Donald Trump‘s first term, sees promise in Trump’s proposed Cabinet but fears that Trump’s mass deportation plan could have severe economic repercussions. What Happened: During a Friday interview, Scaramucci commended Trump’s intention to nominate Scott Bessent, a billionaire hedge-fund manager, for Treasury secretary….