Investment analysts at JPMorgan have upgraded Riot Platforms Inc.'s stock rating from "Neutral" to "Overweight" and set a target price of 15.00 USD. This adjustment is based on the anticipated significant growth in Riot Platforms' hash rate, a key performance indicator in the cryptocurrency mining industry.
Riot currently operates with a hash rate of 12.4 EH/s...
Software development company Confluent Inc. has introduced a new solution for stream data processing. This is a promising direction for real-time information processing, and Confluent aims to capture a significant share of this future key IT segment.
Confluent has unveiled a new product called Tableflow, which integrates data analysis and streaming operations....
Analysts at Citigroup have raised the target price of semiconductor manufacturer Micron Technology Inc.'s shares to USD 150 from USD 95, suggesting a 64% increase. The bank believes that the company's shares should trade at a premium relative to average market prices, considering the growing influence of artificial intelligence. The issuer is a supplier of...
The US House of Representatives has passed a bill to ban TikTok in the US due to concerns over the platform's ties to China. The Senate will next consider the matter. According to analysts at CFRA Research, Snap Inc. stands to be the primary beneficiary of a TikTok ban. The app's audience overlaps that of TikTok, which could allow the issuer to increase its...
Renowned US expert James Douma has expressed optimism regarding Tesla's autopilot development. Douma's insights are highly valued as an engineer specialising in neural networks and artificial intelligence (AI), mainly because he actively tests Tesla's autopilot functionality across various conditions. His commentary typically garners significant public...
Novo Nordisk's CEO, Lars Fruergaard Jørgensen, has announced that the company's experimental weight loss pill, "Amycretin," could become a leading medication in its class. In an early-stage study, participants lost an average of 13% of their body weight after 12 weeks. By comparison, patients using the injectable diabetes weight loss medications Ozempic and...
Data analytics software manufacturer Palantir Technologies Inc. (PLTR) was awarded a $178 million contract with the US Army for the TITAN project, a combat application system utilising artificial intelligence. The TITAN (Tactical Intelligence Targeting Access Node) combat application system will aggregate data from space and ground sensors for further precise...
Shares of the accounting software developer BlackLine will be included in the S&P SmallCap 600 index starting from the trading session on 18 March. This index comprises companies with modest market capitalisations of up to 3.6 billion USD. Inclusion in the index means that the stock will automatically be added to the investment portfolios of some exchange-traded...
Tesla Inc., the renowned electric vehicle manufacturer, introduced an innovative loyalty program aimed at expanding its customer base, particularly in China, which boasts the world's largest automotive market. This strategic move comes amid Tesla's fiercely competitive pricing battle with key rivals, including the notable BYD. The loyalty program stands out for...
The Information announced that Meta Platforms Inc. intends to introduce an updated version of its AI program LLaMA (Large Language Model Meta AI). According to the company, LLaMA outperforms GPT-3 in most parameters. Thus, Meta aims to establish itself as a leader among the developers of artificial intelligence technology. Considering Facebook's billion-dollar...
Zoom Video Communications Inc. reported adjusted earnings of $1.22 per share on revenue of $1.15 billion, while analysts surveyed by LSEG had expected earnings of just $1.15 on revenue of $1.13 billion.
Corporate clients increased by 3.5% over the year to 220.4k. In addition, the issuer announced a share buyback of $1.5 billion. Against this backdrop, Zoom...
Electric car manufacturer Rivian Automotive Inc. reported financial results for Q4 2023, according to which the loss per share amounted to 1.36 USD and the company's revenue reached 1.31 billion USD.
Analysts had expected a loss of 1.35 USD per share, which led to a decline in quotes. Rivian expects vehicle deliveries in Q1 2024 to be around 10-15% lower than...
Founder and CEO of Tesla, Inc., Elon Musk, has increased his stake in the share capital to 20.5%. He currently owns 411.06 million shares of the company's common stock. Musk is carrying out these actions in line with statements about plans to acquire a 25% stake to strengthen his position among the company's shareholders. However, it is possible that the...
According to MarketWatch , a record number of call options have been opened for shares of NVIDIA Corp., which are likely to be closed following the company's report. All indicators are already priced in, even in the most optimistic scenario of the report. Consequently, the ongoing "rally" in the issuer's shares may end as early as Thursday.
This is why we are...
Technology company Confluent Inc. announced a new solution for migrating data streaming services called "Confluent Migration Accelerator." This program allows the abandonment of the commonly used open-source Apache Kafka solution.
Apache Kafka is widely utilised by over 100,000 organisations worldwide, including most Fortune 500 companies. If successful,...
Following the close of the Q3 2024 financial year (ended on 30 December 2023), renowned clothing brand Ralph Lauren Corp. announced a notable 6% year-on-year increase in quarterly revenue, reaching 1.93 billion USD. This impressive performance enabled the company to elevate its adjusted earnings by 24% year-on-year to 275 million USD, or 4.17 USD per...
Aerospace company Lockheed Martin Corporation could generate an additional 31.6 billion USD in revenue from contracts to supply F-16 fighter jets to Türkiye and Greece. The issuer's additional net profit could reach 3.2 billion USD. Moreover, discussions are ongoing regarding the upgrade of the existing fleet of these fighters to the "Viper" level. These...
Streaming TV software and hardware provider Roku Inc. could become one of the primary beneficiaries of the mass abandonment of cable television users. The company has several advantages over its competitors, offering video streaming services.
By the end of 2022, only 65.1 million US households continued to have traditional cable television , a decrease of 9.0%...
