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Alphabet reported first-quarter revenue and profit above expectations, driven by strong performance in its cloud computing division. The results offer early signs that its heavy investments in artificial intelligence infrastructure are beginning to yield results. The parent company of Google said revenue excluding partner payouts reached $94.7 billion, surpassing analyst expectations of $91.6 billion. Total… Continue reading Alphabet stock surges 5% as sales beat estimates

Microsoft shares fell 2% in after market trading even after posting stronger-than-expected results for its fiscal third quarter, with cloud and artificial intelligence driving broad-based growth that offered some relief to investors who had grown wary of the company’s heavy spending on AI infrastructure. Total revenue rose 18% year-over-year to $82.9 billion, beating analyst estimates… Continue reading Microsoft stock falls 2% despite cloud revenue surging 40%

Shares in a newly listed fund backed by Bill Ackman fell sharply on their trading debut on Wednesday, underscoring the challenges of translating high-profile investor appeal into sustained market demand. The stock-picking vehicle, Pershing Square USA, opened about 16% below its $50 offering price, despite raising $5 billion in its initial public offering. PSUS began… Continue reading Ackman’s Pershing Square USA drops on debut as retail demand falls short

Robinhood Markets (NASDAQ: HOOD) traded in the “red” on Wednesday after reporting its fiscal Q1 earnings that failed to meet Wall Street expectations. The retail trading platform saw revenue come in at $1.067 billion – representing a 15% year-over-year increase. Per-share earnings also popped a penny to $0.38 in the first quarter. Yet, the headline… Continue reading Bernstein says weakness priced in as Robinhood stock sinks on Q1 earnings

PayPal is preparing a significant internal restructuring that will carve out Venmo as a standalone business segment, according to a report by CNBC. The move signals a broader effort by new chief executive Enrique Lores to streamline operations and unlock value at the payments company. The reorganisation comes as PayPal faces intensifying competition in digital… Continue reading PayPal to carve out Venmo in major restructuring under new CEO: report

Shares of Micron Technology rose sharply on Wednesday, gaining more than 5% as optimism around artificial intelligence-driven demand lifted sentiment across memory and storage stocks. The rally comes amid broader strength in the sector following upbeat results from Seagate Technology, reinforcing expectations that enterprise spending on data infrastructure remains robust despite recent concerns over the… Continue reading Micron stock jumps 5% as AI boom fuels memory demand optimism

Advanced Micro Devices (AMD) and Intel (INTC) are extending gains on Wednesday morning as a new wave of upbeat analyst commentary reignited momentum across the semiconductor sector. AMD drew renewed investor interest after Susquehanna issued a bullish call, while INTC rallied because Freedom Broker upgraded it to “buy” on rapidly improving earnings and AI infrastructure… Continue reading Intel, AMD stock rally on fresh bullish coverage

Shares of Nvidia edged lower on Wednesday, as investors grew cautious about the outlook for artificial intelligence spending and awaited earnings from major technology companies. The stock fell around 1% to $211.38 in early trading, following broader weakness in semiconductor names a day earlier. Nvidia’s near-term performance is likely to depend on signals from Big… Continue reading Nvidia stock slips 1% ahead of Big Tech results: why are investors worried?

Shares of Amazon rose about 2.3% on Wednesday as investors positioned ahead of the company’s first-quarter earnings report, with markets closely watching cloud growth, artificial intelligence spending, and the potential impact of geopolitical tensions on consumer demand. The e-commerce and cloud giant is scheduled to report results after the market close, with expectations running high… Continue reading Amazon stock rises 2% as AI spend, AWS growth face earnings test