stocktrader

OpenAI said on Thursday it will acquire Astral, as the ChatGPT maker doubles down on artificial intelligence-powered coding tools to compete more aggressively with rivals such as Anthropic. The financial terms of the deal were not disclosed, but the acquisition will integrate Astral’s suite of Python-focused developer tools into OpenAI’s coding system, Codex, expanding its… Continue reading OpenAI acquires Astral: is it enough to catch up with Anthropic’s Claude

Cheniere Energy (NYSE: LNG) climbed to an all-time high of nearly $297 on Thursday morning, following reports of missile strikes targeting Qatar’s “Ras Laffan” industrial complex. Year-to-date, the Houston-headquartered firm is now up some 50% amidst a perfect storm of geopolitical supply chain disruptions and robust long-term contract expansions. While record prices often trigger profit-taking,… Continue reading Is it too late to invest in Cheniere stock as it hits all-time high?

Shares of Micron Technology fell about 5% on Thursday, even after the chipmaker reported stronger-than-expected fiscal second-quarter results. The company nearly tripled its revenue in the latest quarter, driven by robust demand for memory chips used in artificial intelligence systems. Heavy spending plans weigh on sentiment Investor reaction was tempered by Micron’s outlook for significantly… Continue reading Micron stock slips 5% after earnings: should you buy the dip?

Alibaba (NYSE: BABA) is under immense pressure this morning after posting its Q4 earnings that came in short of Street estimates as strategic investments triggered an alarming 66% decline in net income. Still, experts at First Eagle – a US-based investment firm – recommend long-term investors to load up on BABA on post-earnings weakness as… Continue reading Alibaba stock hands investors an AI business for free: find out more

Accenture shares rose 5.7% on Thursday, defying a broader tech-sector selloff, after the consulting giant reported stronger-than-expected second-quarter results driven by accelerating demand for artificial intelligence and cloud services. The company posted adjusted earnings of $2.93 per share for the quarter, beating analyst estimates of $2.84 and rising from $2.82 a year earlier. Revenue climbed… Continue reading Why is Accenture defying the tech sell off today?

Shares of Tesla came under pressure on Thursday as US safety regulators escalated scrutiny of the company’s driver-assistance technology. At the time of writing, the Tesla stock was down around 2% to trade at $383. The decline comes as the National Highway Traffic Safety Administration said it is advancing its investigation into Tesla’s Full Self-Driving… Continue reading Why Tesla stock is falling around 2% on Thursday

The US market indices opened lower on Thursday, extending a broad risk-off sentiment across global markets as surging oil prices and persistent inflation concerns weighed on investor confidence. Dow Jones Industrial Average fell about 0.65% or 298 points while S&P 500 and Nasdaq 100 slipped roughly 0.81% and 1.13%, respectively. The decline follows a sharp… Continue reading US markets open lower on Thursday, Dow Jones down almost 300 points

Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi rollout. The agreement outlines plans to deploy as many as 50,000 autonomous vehicles across major markets by 2031. It signals a renewed push by both… Continue reading Uber, Rivian team up to scale robotaxi fleets across global cities