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Global markets and technology sectors saw significant developments on Monday, as OpenAI and Microsoft reworked their partnership to allow broader cloud distribution, China moved to block Meta Platforms’ planned acquisition of Manus, US officials weighed Iran’s latest proposal amid ongoing tensions, and oil prices surged on supply concerns linked to disruptions in the Strait of… Continue reading Evening digest: OpenAI-Microsoft shift, China blocks Meta AI deal

China’s order for Meta Platforms to unwind its $2 billion acquisition of artificial intelligence startup Manus is less about a single deal and more about a broader tension shaping the country’s tech strategy: how to build global champions without losing control. The episode highlights a recurring dilemma for Beijing. While policymakers want domestic firms to… Continue reading China’s AI ambitions face limits as Meta-Manus deal unravels

Shares of Snap Inc. rose sharply on Monday, as a combination of an analyst upgrade, restructuring plans, and improving revenue outlook boosted investor sentiment. The stock jumped as much as 8.39% trading after Rothschild Redburn upgraded Snap to Buy from Neutral and doubled its price target to $10 from $5. With shares previously trading around… Continue reading Snap stock jumps on upgrade, $500M cost cuts fuel profit hopes

Evercore ISI analysts led by Kirk Materne are heading into Microsoft’s (NASDAQ: MSFT) fiscal Q3 earnings on April 29th with a decidedly bullish outlook. Consensus is for the multinational to report $4.07 a share of earnings on $81.4 billion in revenue, indicating mid-to-late teens gains in both the top and bottom line. Ahead of the… Continue reading Microsoft earnings preview: will MSFT stock break its 100-day MA after Q3 print?

POET Technologies Inc (NASDAQ: POET) tanked on Monday morning after Marvell Technology abruptly canceled all outstanding purchase orders, citing an alleged breach of confidentiality. Following the post-announcement crash, POET looks headed to challenge its 20-day MA. A clear break below the $7.83 level is broadly expected to accelerate bearish momentum in the near-term. POET shares… Continue reading POET stock: how a major CFO blunder triggered a crash

Shares of SanDisk Corp have surged to record highs, extending a remarkable rally driven by investor enthusiasm for artificial intelligence-linked memory demand. The stock closed last week near $990 and continued its upward momentum on Monday, rising more than 7% in trading. Over the past 12 months, SanDisk has delivered an extraordinary gain of nearly… Continue reading SanDisk soars 7% as AI memory boom drives record highs

Shares of Tesla fell more than 3% on Monday to $365.12, underperforming a relatively subdued broader market. The move comes as investors continued to digest the company’s recent earnings and reassess its long-term growth narrative. The S&P 500 and the Dow Jones Industrial Average were down 0.1% and 0.2%, respectively. Post-earnings weakness extends Tesla shares… Continue reading Why Tesla stock is crashing around 3% on Monday

Verizon (NYSE: VZ) is pushing higher on Apr. 27, even though the telecommunications giant came in slightly shy of revenue estimates for its first financial quarter. While the top-line number of $34.4 billion narrowly missed the consensus of roughly $35 billion, the post-earnings momentum helped VZ break above its 20-day moving average (MA) on Monday.… Continue reading Verizon stock: why are investors ignoring Q1 revenue miss