Market Analysis
Broadcom’s AI Revenue Soars 220% to $12.2B Amid Growing Demand
Broadcom achieved a 220% y/y increase in AI revenue, reaching $12.2 billion over the fiscal year.
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Market Analysis
SMCI Plummets After Nasdaq-100 Removal Announcement
Super Micro Computer, Inc. is set to be removed from the Nasdaq-100 Index, effective later this month.
Market Analysis
Adobe’s 2025 Growth Forecast Falls Short of Wall Street Expectations, Stock Plunges
TD Cowen downgraded Adobe's stock from Buy to Hold due to concerns over its growth trajectory and disappointing earnings.
Market Analysis
Korean Regulators Stand Firm on Timeline to Lift Short-Selling Ban by 2025
South Korea's financial watchdog affirmed its commitment to lift the short-selling ban in March, despite market concerns.
Earnings
Ciena Corporation Fails to Meet Expectations in Fiscal Q4 Results
Ciena Corporation reported a slight decrease in revenue for Q4 2024, with a net income drop from the previous year.
Market Analysis
Uber Stock Rises as GM Cancels Robotaxi Plans
GM has halted funding for Cruise's robotaxi program to focus on integrating its technology into GM's own autonomous vehicle development.
Market Analysis
GE Vernova Stock Climbs Following Strategic Announcements, $6B Buyback Plan
GE Vernova has announced a quarterly dividend of $0.25 per share and a $6 billion share repurchase plan.
Market Analysis
Netflix Stock Hits Record High as JPMorgan Raises Price Target to $1,010
Netflix's stock reached a new high, as JPMorgan raised its price target to $1,010, driven by strong content offerings and anticipated advertising revenue growth.
Market Analysis
Oracle’s Stock Plummets After Missing Quarterly Revenue Expectations
Oracle's stock dropped over 9% after missing quarterly revenue expectations, risking a $50 billion market cap loss amid intense cloud sector competition.
Earnings
United Natural Foods, Inc. Reports Better than Expected Q1 Results
UNFI has reported a strong start to fiscal year 2025, with net sales increasing by 4.2%, driven by wholesale unit volume growth and acquisitions.
Earnings
AutoZone Falls Short of Market Expectations with $32.52 EPS for Q1 FY’25
AutoZone, Inc. (NYSE: AZO) reported a modest start to its fiscal year 2025, with net sales reaching $4.3 billion for the first quarter.
Earnings
Ferguson Enterprises Inc. Falls Short of Expectations with Q1 Results
Ferguson Enterprises Inc. reported a modest increase in sales for the first quarter of FY'25 but failed to meet expectations.
Market Analysis
Reddit Stock Jumps as MS Sets New PT, Ad Revenue Expected to Hit $3.1B by 2027
Reddit's stock has gained momentum following a Morgan Stanley upgrade, driven by strong engagement metrics and a promising advertising pipeline.