Alibaba Group Holding has been named the world’s most admired Chinese internet and retail company, according to the latest rankings by US business magazine Fortune, as the technology giant unveils an artificial intelligence (AI) model aimed at competing with China’s hottest start-up, DeepSeek. The Hangzhou-based company, owner of the South China Morning Post, came third…
It didn’t take long for Palantir stock to rally back near highs after a quick pullback to the 50-day moving average. Palantir Technologies (PLTR) headlines another busy week of earnings in the technology sector, along with Amazon.com (AMZN), Google parent Alphabet (GOOGL) and Fortinet (FTNT). Other top-performing growth stocks on the earnings calendar include Apollo…
Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures. The Federal Reserve meeting will conclude Wednesday but the attention will quickly turn to Tesla (TSLA), Meta Platforms (META), Microsoft (MSFT) and ServiceNow (NOW), due Wednesday night. The stock market rebounded Tuesday, with the Nasdaq leading after Monday’s AI-led losses. AI…
Meta Platforms (META) Chief Executive Mark Zuckerberg on Friday called 2025 “the defining year of AI,” saying the tech giant plans to invest between $60 billion and $65 billion in capital expenditures. That’s more spending that analysts had forecast, but Meta stock still gained in Friday trading. ↑ X NOW PLAYING Zuckerberg Is Investing Billions…
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong week to start President Donald Trump’s return to the White House, though Friday saw tech-led losses. Many leading stocks flashed buy signals or extended runs. Magnificent Seven stocks Tesla (TSLA), Meta Platforms (META),…
Twilio (TWLO) stock jumped in late trading after the communications software maker gave an optimistic long-term profit forecast and reported preliminary fourth quarter results. ↑ X NOW PLAYING Software Sector AI Monetization In 2025: What Investors Can Expect In a filing late Thursday, Twilio said it expects to report Q4 sales growth of 11% year-over-year…
Meta Platforms (META) stock got a pair of price target hikes from analysts Thursday ahead of the Facebook parent’s fourth-quarter earnings results due next week. Wedbush analysts reiterated an outperform rating for Meta stock and raised their Meta price target from 680 to 700. Lead analyst Scott Devitt cited “positive momentum into 2025” for the…
Major indexes caught their breath in the stock market today, accepting small losses after galloping strongly the prior session, sparked by an encouraging report on U.S. consumer prices. Meanwhile, Taiwan Semiconductor (TSM) and Broadcom (AVGO) led the upside after the former announced solid quarterly revenue. Taiwan Semi — one of the largest tech firms in…
getty ESR Group, Asia’s largest real estate fund manager by asset under management, has set up a joint venture with U.S. data center operator CloudHQ to co-develop a $2 billion data center in Japan. The two companies will jointly build, fit out and operate the data center in Nanko Kita, Osaka, they said in a…
Oracle (ORCL) stock fell Friday after an analyst downgraded the stock to sell, citing a “gen AI hype cycle” that has stretched the company’s valuation and recent “uninspiring” earnings results. In a new client note titled “After a Year Filled with Hype, Froth, and Bold Capex Plans – Downgrading ORCL to Sell,” Monness Crespi Hardt…