The Walt Disney Company is venturing into new territories with its Disney+ platform by enhancing its advertising business through strategic partnerships with key entities in the advertising industry. This initiative is expected to unlock a significant revenue stream for Disney, offering a subscription model that is more accessible to price-sensitive customers...
Seagate Technology Holdings Plc, known for its expertise in designing and manufacturing data storage devices, has recently received the attention of Morgan Stanley analysts and is earning a positive outlook. This endorsement comes amid expectations of the company reaching new price highs and making significant advancements in data storage technology. Morgan...
Tesla Inc. has launched a trial period for its Full Self-Driving (FSD) technology to US customers, enabling them to test the service regardless of whether they have purchased FSD. Owners of Tesla vehicles meeting FSD requirements, including those who bought their electric cars earlier, are also encouraged to participate. With the installation of Full...
FedEx Corp., a prominent logistics company, announced quarterly earnings of 3.86 USD per share on revenue of 21.7 billion USD. According to LSEG, analysts had predicted earnings of 3.45 USD per share with revenue of 22.04 billion USD. Although sales of logistics services have decreased, their profitability has increased, indicating financial...
Intel Corp., a leading chip manufacturer, is set to receive almost 20 billion USD in the US for the construction of chip manufacturing plants. This investment is part of a program to revitalise the American chip industry, including 8.5 billion USD in grants and 11 billion USD in loans. Federal funds are expected to start flowing by the end of the year. The US...
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...
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...