Stocks news

Nvidia’s Revenue Soars as AI Chip Revolution Continues

Nvidia’s Revenue Soars as AI Chip Revolution Continues

39
Stocks news
22.11.2023

Nvidia reported fiscal third-quarter results that surpassed Wall Street’s predictions. The chipmaker’s revenue grew 206% year over year during the quarter ending October 29.Revenue came in at $18.12 billion vs. an expected $16.18 billion. Earnings al...

Siemens Energy Suffers $4.9B Annual Loss

Siemens Energy Suffers $4.9B Annual Loss

47
Stocks news
17.11.2023

Siemens Energy posted an annual loss of $4.9 billion in its earnings report released this week. The company’s wind turbine unit, Siemens Gamesa, is primarily responsible for the poor results.The German government is committed to ensuring that the cou...

Cisco Stock Falls after Product Order Slowdown

Cisco Stock Falls after Product Order Slowdown

53
Stocks news
16.11.2023

Cisco Systems shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a dampened forecast for the current quarter and the full fiscal year.Revenue increased by 7.6% in the fiscal first quarter, whic...

Microsoft Closes at All-Time High on AI Excitement

Microsoft Closes at All-Time High on AI Excitement

54
Stocks news
08.11.2023

Microsoft closed Tuesday’s trading session at record highs of $360.53, after renewed excitement about growth from an important partner in artificial intelligence. The 1.12% daily jump gives the technology giant a market value of about $2.68 trillion....

Shell Posts $6.2 Billion Third-Quarter Profit

Shell Posts $6.2 Billion Third-Quarter Profit

86
Stocks news
02.11.2023

Oil giant Shell this week reported a $6.2 billion profit for the third quarter, in line with estimates, as the company received a boost from higher oil prices and refining margins.Profit was higher than the $5.1 billion in the second quarter, but mar...

Coke and Pepsi Stocks are Both Struggling

Coke and Pepsi Stocks are Both Struggling

45
Stocks news
30.10.2023

Coca-Cola and PepsiCo’s stocks have struggled this year, hurt by higher interest rates and investor concerns about the possible negative impact of weight loss drugs like Wegovy.Despite that, both companies topped Wall Street’s estimates for their thi...

Amazon Revenue Jumps 13%

Amazon Revenue Jumps 13%

54
Stocks news
27.10.2023

The e-commerce titan this week announced revenue of $143.1 billion for the quarter ending in September, showing a 13% rise from the same period last year and outstripping analysts’ estimates.The retailer reported quarterly profits of $9.9 billion, al...

Mercedes-Benz Shares Fall 6% as Profit Falls

Mercedes-Benz Shares Fall 6% as Profit Falls

83
Stocks news
26.10.2023

Mercedes-Benz shares fell sharply on Thursday after the German carmaker reported a decline in profit and revenue as challenges from electric-vehicle competition and unstable supply chains affected its performance.Frankfurt-listed shares were down 6%,...

Alphabet Shares Drop on Soft Cloud Performance

Alphabet Shares Drop on Soft Cloud Performance

50
Stocks news
25.10.2023

Google’s parent company Alphabet reported 11% revenue growth in the third quarter, as a return in advertising bumped expansion into double digits for the first time in more than a year. However, company shares dropped almost 7% in late trading as its...

Tesla Third-Quarter Earnings Slow

Tesla Third-Quarter Earnings Slow

57
Stocks news
19.10.2023

Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years. The company also missed on third-quarter revenue of $23.4 billion, up 9% from a...

Adidas Shares Climb After Guidance Raise

Adidas Shares Climb After Guidance Raise

59
Stocks news
18.10.2023

Shares in Adidas gained 4% at the open on Wednesday after the sportswear company raised its guidance for the year in a surprise third-quarter results pre-release.The German sportswear giant projected a full-year operating loss of 100 million euros ($...

Baidu Says Its AI Can Compete With GPT-4

Baidu Says Its AI Can Compete With GPT-4

64
Stocks news
17.10.2023

Chinese technology firm Baidu has unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to the most advanced versionof OpenAI’s ChatGPT.Company officials say the tool has significantly improved its un...

Birkenstock to Target $8.6 Billion IPO Valuation

Birkenstock to Target $8.6 Billion IPO Valuation

48
Stocks news
11.10.2023

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering (IPO).Shares in the company will be priced at $46. This would be in the middle of the company's $44-49 target, giving it a market v...

Evergrande Stock Tumbles as Fears of Collapse Grow

Evergrande Stock Tumbles as Fears of Collapse Grow

58
Stocks news
27.09.2023

Shares of China’s Evergrande Group crashed again on Wednesday as fears grew of a potential liquidation of the company.The troubled developer’s stock closed down 19% at 4 US cents, putting its market cap at just $539 million. The collapse took this we...

Apple Shares Tumble Amid China’s Increasing iPhone Restrictions

Apple Shares Tumble Amid China’s Increasing iPhone Restrictions

59
Stocks news
11.09.2023

Apple shares fell for three straight days last week after reports of China’s proposed iPhone ban for government agencies and jobs.It was the latest move amid growing tech tensions between China and the United States. Shares of the world’s biggest pub...