Doximity shares ( NYSE:DOCS ) surged 18% after the company beat quarterly earnings forecasts, provided a better-than-expected current-quarter outlook, and unveiled a share buyback program. The provider of curated medical news and telehealth tools reported adjusted earnings of 25 cents per share for the fiscal fourth quarter ending March 31, comfortably topping...
Notcoin ( GETTEX:NOT ) users have donated $6.8m worth of Notcoin ( GETTEX:NOT ) to Telegram founder Pavel Durov following a recent airdrop. Over half a million users from the play-to-earn blockchain game donated 1.03 billion tokens worth $6.8 million to Durov's personal wallet address. In response, Durov promised to hold the tokens until a $680 million price...
Nvidia ( NASDAQ:NVDA ), the global leader in Artificial Intelligence (AI) hardware and software, is set to release its Q1 FY2025 earnings report on May 22, 2024. Analysts predict a significant revenue growth of $24.65 billion, driven by strong demand for AI-related products and services. Nvidia's net income is expected to increase to $12.87 billion from $2.04...
Akanda Corp. (NASDAQ: NASDAQ:AKAN ), an international medical cannabis company, has recently disclosed its participation in a registered direct offering priced at the Minimum Price under Nasdaq rules. The company has entered into a securities purchase agreement with an accredited investor for the acquisition of 2,491,381 common shares at a purchase price of...
Faraday Future Intelligent Electric ( NASDAQ:FFIE ) has experienced a significant increase in its stock price, jumping 67% in premarket trading on Friday, following a 479% surge on Thursday. The EV stock is now trading at $1.70, the highest return for any stock listed on the New York Stock Exchange or Nasdaq. The market cap on NASDAQ:FFIE is now up to $70M,...
The cryptocurrency market has seen a 2.50% increase in the last 24 hours, reaching $2.35 trillion on May 17. This is driven by the continued inflows into spot Bitcoin exchange-traded funds (ETFs) in the United States. As of May 16, these funds managed approximately $12.40 billion worth of Bitcoin ( CRYPTOCAP:BTC ), up from $11.18 billion at the beginning of the...
Chainlink ( BIST:LINK ) social dominance reached a six-month peak on Friday, surpassing levels seen in the past six months, along with the token's price rally that began on Wednesday. Despite the price increase and rising talk about the token, on-chain data suggests that BIST:LINK holders have started taking profits, a sign of possible increasing selling...
Microsoft plans to offer cloud computing customers AMD's AI chips as an alternative to Nvidia's H100 family of powerful graphics processing units (GPUs). Details will be provided at Microsoft's Build developer conference next week. Microsoft's clusters of Advanced Micro Devices' ( NASDAQ:AMD ) flagship MI300X AI chips will be sold through its Azure cloud...
Spirit AeroSystems ( NYSE:SPR ), an aerospace supplier, has announced plans to lay off up to 450 employees in the coming weeks due to slower delivery rates on commercial aircraft. The company is also in talks to be acquired by Boeing, which it spun off from in 2005. Spirit AeroSystems makes fuselages at its Wichita facility for Boeing's bestselling 737 Max plane,...
Reddit shares rose 14% on Friday following a partnership with artificial intelligence firm OpenAI, which is expected to attract more users and increase advertising revenue. The partnership allows Reddit to leverage OpenAI's technology to build tools and features, and integrate Reddit's content in real-time. This pact delivers on Reddit's "IPO promise of seizing...
Notcoin ( GETTEX:NOT ), a play-to-earn clicker gaming application on Telegram, has launched its airdrop, distributing over 80 billion GETTEX:NOT tokens among its community members on The Open Network blockchain. Over 90% of the tokens have been allocated to "miners," with the remaining 7.9 billion being redeemable from non-fungible token (NFT) vouchers. The...
American International Group ( NYSE:AIG ) has announced plans to sell a 20% stake in Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion. The move is part of NYSE:AIG 's efforts to reduce its holdings in the life and retirement business, which it had listed as a separate company in 2022. NYSE:AIG will sell 120 million shares at an average...
Alibaba stock ( NYSE:BABA ) saw a 7.66% gain in afternoon trading on Thursday, thanks to a revenue beat from JD.com. Despite the slight revenue boost, Alibaba's earnings and revenue growth accelerated slightly from the prior quarter, up 13% and 2%, respectively. On an adjusted basis, Alibaba ( NYSE:BABA ) earned $1.40 a share, down 10% year over year, while...
Chubb shares ( NYSE:CB ) jumped over 8% in late trade on Wednesday after Warren Buffett's Berkshire Hathaway revealed a $6.7 billion stake in the Zurich-based insurer. Buffett recently told shareholders that property-casualty insurance provides the core of Berkshire's well-being and growth. Berkshire had been building its position in Chubb since 2023, but had not...
Uber Technologies (UBER) announced six new products and features at its fourth annual Go-Get event, including a discounted Uber One membership for college students and an international rollout of Uber Eats delivery service of Costco ( NASDAQ:COST ) products. The ridesharing giant also announced new features for Uber Eats and Health, along with new ways to reserve...
Baidu ( NASDAQ:BIDU ), a leading AI company with a strong Internet foundation, announced its unaudited financial results for the first quarter ended March 31, 2024. The company's online marketing revenue remained stable, while the end-to-end optimization of its AI technology stack continued to propel the growth of AI Cloud revenue during the quarter. Robin Li,...
Cisco Systems ( NASDAQ:CSCO ) reported better-than-expected revenue in its third-quarter earnings announcement and raised its full-year revenue guidance. The company's revenue for the fourth quarter of fiscal 2024 was $12.7 billion, a 13% year-over-year decline but higher than analysts anticipated. Net income came in at $1.88 billion or 46 cents per share, down...
MicroStrategy ( NASDAQ:MSTR ), recognized as the world's largest corporate holder of Bitcoin, has recently been included in the MSCI World Stock Index, which has significantly enhanced the liquidity of its stocks. The company's stock price has consistently outperformed Bitcoin's price over the past year and into early 2024. Notably, on May 14, the NASDAQ:MSTR ...