SoundHound AI saw its stock price jump by 18% today after announcing the acquisition of Amelia AI in an all-cash deal. This strategic move has sparked renewed investor interest, as SoundHound positions itself to expand its capabilities and market reach, particularly in the growing field of artificial intelligence (AI). What is Amelia AI? Amelia AI… Continue reading SoundHound stock surges 18% following acquisition of Amelia AI: Good time to buy?
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Palantir shares surge 6% following strategic partnership with Microsoft
Palantir Technologies saw a 6% surge in its stock price on Thursday following the announcement of a strategic partnership with Microsoft. This collaboration aims to enhance secure cloud, analytics, and artificial intelligence (AI) capabilities for the US defense and intelligence communities, reinforcing Palantir’s strong presence in the government sector. Palantir, renowned for its advanced software… Continue reading Palantir shares surge 6% following strategic partnership with Microsoft
Plug Power posts disappointing Q2 earnings as stock prices tumble: Is now the time to buy?
Plug Power (NASDAQ: PLUG) is grappling with a significant revenue plunge as its stock price hits new lows. In its Q2 earnings report released today, the company revealed a 44.9% drop in revenue, totaling $143.4 million for the quarter. The company’s stock fell 2% in trading following the announcement. Despite a slight improvement in earnings… Continue reading Plug Power posts disappointing Q2 earnings as stock prices tumble: Is now the time to buy?
UK regulator investigates Amazon’s $4 billion investment in AI firm Anthropic
The Competition and Markets Authority (CMA) has launched a formal investigation into Amazon’s multibillion-dollar investment in the US artificial intelligence firm Anthropic. The probe aims to determine whether the partnership could potentially harm competition in the UK. The CMA announced on Thursday that it has initiated a “Phase 1” investigation to assess if the Amazon-Anthropic… Continue reading UK regulator investigates Amazon’s $4 billion investment in AI firm Anthropic
Jim Cramer predicts further gains for Robinhood stock: Here’s why
Renowned investor Jim Cramer is optimistic about Robinhood’s future, predicting further gains for the stock in the coming days. Despite a modest rise in Robinhood Markets Inc.’s stock price on Thursday, the company’s recent earnings report exceeded Wall Street’s expectations for Q2. Robinhood Q2 earnings report Robinhood’s second-quarter performance showcased a robust 69% year-over-year growth… Continue reading Jim Cramer predicts further gains for Robinhood stock: Here’s why
Shopify stock soars 22% on earnings beat despite consumer spending slowdown: Time to buy?
Shopify stock was up 22% today following an earnings beat and a healthy forecast for the rest of the year. The company saw increased demand for its e-commerce software despite a slowdown in consumer spending. The results are remarkable because competitors like Amazon and Etsy, on their respective earning calls recently, have complained of consumer… Continue reading Shopify stock soars 22% on earnings beat despite consumer spending slowdown: Time to buy?
Sunrun stock soars 15% after SunPower bankruptcy filing: What you need to know
Sunrun Inc (NASDAQ: RUN) is up more than 15% on Wednesday after rival SunPower Corporation (NASDAQ: SPWR) filed for bankruptcy following months of struggles related to higher interest rates. SPWR recently faced allegations of financial misconduct which contributed to GLJ Research calling SunPower stock “worthless” in July. But the bane of SunPower could be a… Continue reading Sunrun stock soars 15% after SunPower bankruptcy filing: What you need to know
Entain share price gets oversold ahead of earnings
Entain (LON: ENT) share price has been in a steep sell-off this year, making it one of the worst performers in the FTSE 100 index. It tumbled to a low of 528p on Thursday, its lowest swing in years. It has dropped by over 78% from its highest point in 2021. Entain has dropped by… Continue reading Entain share price gets oversold ahead of earnings
Super Micro Computer stock plummets 20% as CEO attributes underperformance to Nvidia delays
Super Micro Computer Inc. (NASDAQ: SMCI) saw its stock drop by 20% today following its Q4 earnings report. Despite announcing a better-than-expected forecast and a forthcoming 10-for-1 stock split effective October 1st, the market reaction was overwhelmingly negative. Delay in Nvidia’s Balckwell GPUs On the company’s earnings call, CEO Charles Liang mentioned that he did… Continue reading Super Micro Computer stock plummets 20% as CEO attributes underperformance to Nvidia delays