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Spotify forecast second-quarter earnings and premium subscriber growth below Wall Street expectations, signalling a slowdown in key markets. The Swedish streaming giant’s shares fell nearly 9% in premarket trading following the announcement. The company’s outlook comes at a time when investors are closely tracking profitability after recent price hikes and cost-cutting measures. Spotify has also… Continue reading Spotify projects lower Q2 profit, shares drop on weak outlook

Broadcom stock (NASDAQ: AVGO) is suddenly looking like the AI name Wall Street may have underestimated. The market value of the company is above $2 trillion, its stock has hit a record high, and the company is guiding AI revenue sharply higher into 2026. That makes the comparison with Nvidia especially insightful, as Broadcom is… Continue reading This AI stock is growing faster than Nvidia and flying under the radar

China’s top internet regulator has directed video editing applications owned by ByteDance to comply with rules requiring clear labelling of AI-generated content, according to a statement issued on Tuesday. The Cyberspace Administration of China said that ByteDance’s apps Jianying and Maoxiang, along with its website Jimeng AI, failed to adequately implement required AI content identification… Continue reading China flags ByteDance platforms over AI content labelling violations

International Energy Agency’s (IEA) executive director Fatih Birol recently characterized the global energy landscape as the “biggest energy crisis in history”. Speaking recently with CNBC, Birol emphasized that this volatility serves as a significant catalyst for nuclear power, predicting a sector-wide boost as nations prioritize energy security. The shift is already evident in South Korea,… Continue reading Two ‘must-own’ stocks as IEA flags nuclear boost amid energy crisis

Micron stock (NASDAQ: MU) rally looks impressive as the stock has climbed about 40% this month and was changing hands at $524.56 on Tuesday. That move has now drawn two separate $700 price targets, one from Melius Research’s Ben Reitzes in a fresh April 27 initiation and another from Cantor Fitzgerald’s C.J. Muse in March.… Continue reading Micron stock: can MU really hit $700 as two analysts predict?

Novartis reported first-quarter core operating profit and sales below market expectations, as generic competition for its top-selling heart drug Entresto weighed on results. Shares of the Swiss drugmaker declined about 3% in premarket trading on Tuesday following the earnings release. Quarterly group operating income, adjusted for special items, fell 12% to $4.9 billion. This was… Continue reading Novartis shares fall after weak Q1 hit by Entresto competition

Alphabet’s Google has joined a growing list of technology firms partnering with the US Department of Defence to supply artificial intelligence models for classified operations, The Information reported on Tuesday. The agreement allows the Pentagon to use Google’s AI systems for “any lawful government purpose”. This places Google alongside firms such as OpenAI and Elon… Continue reading Google expands defence ties with Pentagon AI agreement