Applied Materials Navigates China Slowdown, Analysts See Early Recovery Despite Soft Guidance Wall Street analysts revised their price targets on Applied Materials, Inc (NASDAQ:AMAT) after the company released its first-quarter results Thursday. The company reported a quarterly revenue of 7.17 billion, up by 7%, topping the analyst consensus estimate of $7.14 billion. It reported an…
U.S. Stocks rose on Thursday as traders weighed slightly hotter-than-expected inflation data against ongoing global trade tensions. The Dow Jones Industrial Average added 122 points, or 0.3%, while the S&P 500 climbed 0.5% and the Nasdaq Composite advanced 0.9%. The producer price index (PPI) reported a 0.4% increase for Januaryabove the consensus estimate of 0.3%and…
(Bloomberg) — The US stock rally is already on shaky ground due to tariffs and an uncertain outlook about artificial intelligence. Add a hot inflation print to the mix, and the market will sell off. Most Read from Bloomberg That’s according to the trading desk at JPMorgan Chase & Co. Market Intelligence, who estimate the…
Chicago, IL – February 6, 2025 – Today, Zacks Investment Ideas feature highlights Palantir PLTR, Meta Platforms Inc. META, Microsoft Corp. MSFT and Alphabet Inc. GOOGL. Palantir, the artificial intelligence (AI)-powered software platform and data analytics firm, reported robust earnings results for fourth-quarter 2024. The company’s earnings results can be divided into three parts: strong…
By Max A. Cherney, Stephen Nellis, Arsheeya Bajwa (Reuters) -Advanced Micro Devices failed to impress investors waiting for the chipmaker to gain ground against AI heavyweight Nvidia, even as its quarterly results and revenue outlook exceeded analyst estimates on Tuesday. Shares of the Santa Clara, California-based company dropped about 10% in extended trading. AMD’s shares…
Market News Wall Street closed higher on Friday driven by strong fourth-quarter earnings results and economic data. The Nasdaq Composite, the Dow and the S&P 500 ended in positive territory. However, last week ended in a positive zone. How Did the Benchmarks Perform? The Dow Jones Industrial Average (DJI) rose 0.8% or 334.70 points to…
The S&P 500 Is on Track for a Record Close With FOMC Minutes on Tap The S&P 500 on Tuesday was trading above its highest close on record with only Fed minutes and the central bank’s preferred inflation gauge in between Wall Street and the Thanksgiving break. The Nasdaq Composite was up 0.5%. The Dow…
U.S. stock markets closed mixed on Wednesday as post-election rally shows signs of uncertainty. A key inflation data of October was in line with expectations. Third-quarter earnings results remained strong. The Dow and the S&P 500 ended in positive territory while the Nasdaq Composite finished in negative zone. The Dow Jones Industrial Average (DJI) rose…
SoundHound AI SOUN incurred a third-quarter 2024 loss of 6 cents per share, down from the year-ago quarter’s loss of 9 cents per share. The figure beat the Zacks Consensus Estimate by 25%. Revenues increased 89% year over year to $25.1 million, beating the Zacks Consensus Estimate by 5.96%. This growth was driven by the…
Warner Bros. Discovery, Inc (NASDAQ: WBD) reported a fiscal third-quarter revenue decline of 3% ex-FX year-on-year to $9.623 billion, missing the analyst consensus estimate of $9.799 billion. EPS of 5 cents beat the analyst consensus estimate loss of 9 cents. Net income was $135 million versus a loss of 417 million year-over-year. The stock gained after the print….