Microsoft Corporation now employs Sam Altman, the recently fired head of OpenAI, which developed ChatGPT. This new hire is expected to contribute to the company's advancements in artificial intelligence, which is currently garnering close attention from the media and investors. Undoubtedly, AI will shortly become an integral part of our lives and bring stable...
Telecommunications giant Verizon Communications Inc. and the aerospace Lockheed Martin Corporation have demonstrated the viability of operating a 5G network using drones and satellites. This achievement is significant, holding high potential for project commercialisation, which opens up opportunities to bolster the company's revenue and break the prevailing...
Is Walmart stock sinking? Walmart Inc. has revised its earnings per share forecast from 6.40 USD to 6.48 USD, significantly below market expectations. In addition, the company's revenue projections have deteriorated. Against the backdrop of decreasing inflation in the US, there has been a sell-off of the issuer's securities. Concerns about competition with the...
Nvidia Corp unveiled its new H200 Tensor Core GPU yesterday, 13 November 2023. This chip boasts a 60-90% productivity increase compared to current models, with Nvidia's main competitors still in the process of developing analogs. The H200 Tensor Core is scheduled for general sale in Q2 2024. It may lead to a future rise in revenue and net profit of the...
The Walt Disney Company pleasantly surprised investors with a robust quarterly report. Its CEO, Robert Iger, is pursuing an effective cost-cutting strategy. The company is considering the initiation of shareholder dividends and the launch of new projects by the end of 2023. The developmental crisis seems to has been successfully overcome. Therefore, today, our...
Tesla Inc's CEO, Elon Musk, announced plans to start the production of Tesla cars at their plant in Germany. The cost of the final product should be around 25,000 EUR. For the issuer, this is a significant event as the high price of Tesla cars has been one of the company's issues since its inception. Tesla could never compete in the budget segment with other car...
Starbucks Corp. delivered a solid financial 2023 report. Revenue for Q4 of the 2023 fiscal year reached 9.4 billion USD, with a relative increase of 11%. Net profit per share for the same period increased by 39% to 1.06 USD. The company's management plans to maintain sales growth rates above 10% and net profit above 15%. Therefore, today, we focus on the...
Apple Inc. plans to boost its revenue by expanding its market share in the computer industry through the introduction of new Mac models and other devices. According to the company's management, the computer market is projected to grow in 2024, even if it does not reach pre-pandemic levels. Bloomberg is forecasting a 5% increase in Mac sales, potentially leading to...
Energy company Exxon Mobil Corp. reported profit in Q3 2023 amounting to 9.1 billion USD. It decreased compared to last year's results but still managed to exceed analysts' expectations. The recovery in energy prices played a significant role in achieving this profit level. The ongoing tensions in the Middle East have, to some extent, positively impacted the...
AST SpaceMobile, Inc. has launched new satellites into space. The company also plans to launch a group of BlueBird satellites (the initial five satellites for its mobile communications constellation) early next year. The first commercial contracts are expected to be concluded with telecom operators and government organisations as the demand for reliable satellite...
Meta Platforms Inc. reported record quarterly revenue growth over the past ten years since the company went public. Revenue amounted to 34.15 billion USD (a relative increase of 23%), and net profit reached 11.58 billion USD (a relative increase of 164%). The main reasons for such outstanding results were the increase in demand for advertising and the reduction...
Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations. In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US...
Yesterday, 23 October, e-commerce security solution provider Riskified Ltd. announced a partnership with financial data network Plaid. It will allow the issuer to increase revenue through new transaction security customer offers. The Plaid and Riskified collaboration enables online merchants to accept ACH payments while protecting against fraud and insufficient...
American Express Co. recorded net profit above analysts' expectations. In Q3 2023, the company's net profit reached 2.45 billion USD compared to 1.88 billion USD in Q3 2022. Market expectations were only at 2.19 billion USD. American Express is optimistic about the future and notes that current performance is much better than pre-pandemic levels. Therefore,...
3D printer manufacturer Nano Dimension Ltd. has announced an additional $1 billion share repurchase. With these funds, the company attempted to acquire its rival Stratasys but failed. Instead, Nano Dimension management plans to pursue mergers with several other market participants, which will ensure potential income growth and expand its business. Therefore,...
Biotechnology company Ardelyx Inc. has received FDA approval for its drug Xphozah. This medication is intended for treating kidney diseases and is typically recommended for patients with elevated kidney phosphorus levels. Xphozah could be a valuable addition to hemodialysis therapy since it is compatible with other drugs used for treating these conditions. Let's...
Bank of America has incurred a loss of 131.6 billion USD from securities transactions. According to the bank's CFO, Alastair Borthwick, this loss can be attributed to the declining value of US government bonds in the bank's portfolio, as a result of rising interest rates. The loss is anticipated to recover once the government fulfils its obligations, leading to an...
Pharmaceutical company Novo Nordisk completed its research into the treatment of kidney disease a year ahead of schedule. However, the results will only be published in early 2024. If the company demonstrates convincing positive results, Novo Nordisk's revenue growth prospects will be strong. Today, our focus is on the Novo Nordisk (NYSE: NVO) stock chart. On...