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…
Amazon.Com, Inc. AMZN shares are moving lower on Friday after Third Point reported that it decreased its stake in the company. Here’s what you need to know. What To Know: In the 13F filing with the Securities and Exchange Commission, Third Points disclosed that it decreased its stake in Amazon by 27% from 5,100,000 shares…
Here’s a look at the top five trending stocks on Yahoo Finance. Pfizer, Inc. PFE: Shares of vaccine stocks are down after President-elect Donald Trump pointed to Robert Kennedy Jr. as potentially the next Health and Human Services secretary. Trump has said he would let Kennedy “go wild on health” and could “do pretty much…
Wedbush analyst Scott Devitt has reiterated an Outperform rating and $205 price target on Alphabet Inc. GOOG ahead of earnings on Oct. 29. Here’s what you need to know. What To Know: The Wedbush analyst released a new note on Wednesday calling Alphabet an “above average company” with a “below average multiple.” While Alphabet’s advertising…
Apple Inc’s AAPL iPhone 16 scored a win in China in its first three weeks, highlighting the rising demand for luxury smartphones paired with artificial intelligence features. China is a crucial market for the company. The iPhone 16 performance coincided with China’s stimulus plans and the upcoming holiday season. Apple’s latest smartphone model clocked a…
Netflix, Inc. NFLX shares are moving higher on Friday after the company reported better-than-expected 2024 third-quarter fiscal earnings on Thursday after the market closed. What To Know: The streaming giant reported adjusted EPS of $5.40, beating analysts estimate of $5.12. Sales grew 15% year over year to $9.82 billion, beating analysts estimate of $9.76 billion….
NVIDIA Corporation NVDA shares are trading higher Wednesday, rebounding from Tuesday’s sharp decline, as chip stocks across the board recover from heavy selling pressure. Here’s a look at what’s driving the movement. What To Know: Nvidia shares fell more than 4% on Tuesday alongside several chipmakers amid multiple developments. Nvidia is at the center of…
NIO Inc – ADR NIO shares tumbled 7.4% to $5.78 on Monday, as investor disappointment over China’s latest economic stimulus measures spread across U.S.-listed Chinese stocks. What To Know: NIO, a key player in China’s burgeoning EV market, has been navigating challenging market conditions, including fierce competition, regulatory hurdles, and rising costs. The company’s stock…
China stocks are taking a breather on Thursday after staging an impressive rally in recent weeks on the back of mounting stimulus optimism. Here’s a look at what’s going on. What To Know: Chinese indices ended their 13-day win steak on Thursday as markets tilted to risk-off amid rising concerns over ongoing Middle East tensions,…
Nvidia Inc. NVDA shares are trading lower Friday, along with the broader semiconductor sector, pulling back after a rally on Thursday that followed strong earnings from Micron Inc MU. What Else: In addition, Nvidia’s CEO Jensen Huang recently highlighted nuclear power as a viable option to power the rapidly growing number of data centers needed…