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Shares of Qualcomm surged on Thursday as investors looked past a modest earnings beat and focused instead on the company’s growing ambitions in data center chips and signs of a potential recovery in the smartphone market. The stock jumped more than 18%, as optimism around diversification efforts helped offset concerns about near-term headwinds in its… Continue reading Qualcomm stock jumps 18% as data center push sparks fresh optimism

Shares of Microsoft fell sharply on Thursday, dropping around 5% to $402.37 in early trading, as investors reacted to the company’s elevated capital spending outlook despite strong cloud growth and an earnings beat. The decline came even as broader markets showed mixed performance. The S&P 500 edged up 0.1%, while the Nasdaq Composite slipped 0.3%.… Continue reading Microsoft stock slips 5% after earnings, but analysts are hiking targets

Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending… Continue reading Alphabet hits 52-week high as AI, cloud growth fuel stock surge

ExxonMobil, the world’s largest publicly traded energy giant, is set to release its fiscal first-quarter 2026 earnings report before the US market opens on May 1.  These will be the company’s first full quarterly results since the outbreak of the Hormuz conflict, with investors keenly watching the impact on its bottom line. ExxonMobil’s revenue is… Continue reading ExxonMobil earnings may miss again as Hormuz conflict hits revenue

Shares of Meta Platforms fell sharply in early trading on Thursday, dropping around 9%. The move comes despite the company reporting better-than-expected first-quarter results, as investors reacted to a significant increase in capital expenditure guidance. The decline underscores growing market sensitivity to the cost of artificial intelligence investments, even as revenue and profitability remain strong.… Continue reading Meta stock sinks 10% after earnings: why analysts are cutting targets

Meta Platforms Inc. is planning to raise between $20 billion and $25 billion through an investment-grade bond sale. The move comes as the company accelerates spending on infrastructure to capitalise on the artificial intelligence boom, people familiar with the matter told Bloomberg. The offering is expected to be split into as many as six tranches.… Continue reading Meta eyes up to $25 billion bond sale to fund AI expansion

US stocks opened higher on Thursday as investors balanced strong corporate earnings against rising geopolitical tensions in the Middle East and persistent inflation concerns. The Dow Jones Industrial Average rose about 0.64% or 314 points, while the S&P 500 gained roughly 0.22%. Nasdaq 100 advanced around 0.06%. Earnings strength supports market sentiment Investor sentiment found… Continue reading Dow rises 314 points as earnings offset oil, inflation worries

Caterpillar reported stronger-than-expected first-quarter earnings on Thursday, driven by robust demand across its construction and power generation businesses, with shares rising nearly 6% in premarket trading. The industrial giant, widely viewed as a bellwether for global economic activity, posted earnings per share of $5.54 on revenue of $17.4 billion. That surpassed Wall Street expectations of… Continue reading Caterpillar jumps on earnings beat as AI-driven demand adds to growth