Amazon (AMZN) is in the spotlight during extended trading hours after the tech giant delivered a massive “double beat” in Q1 results – powered by an explosion in AI-driven cloud demand and a high-margin advertising surge. Investors are zeroing in on the firm’s aggressive growth trajectory and a forward-looking revenue guide that suggests the retail… Continue reading Amazon Q1 earnings crush estimates across the board
Stock Research
Dow falls for fifth straight day as oil surges and Fed holds rates
Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve interest rate decision that proved more divided than expected, and high-stakes earnings from four of the “Magnificent Seven” technology giants reported after the closing bell.… Continue reading Dow falls for fifth straight day as oil surges and Fed holds rates
Meta stock plunges 6% after earnings leave investors disappointed
Shares of Meta Platforms fell sharply in extended trading on Wednesday after the company reported mixed first-quarter results, with a miss on user growth and lower-than-expected capital expenditures overshadowing a revenue beat. The stock dropped about 6% after hours. Meta shares had gained 1.4% year-to-date through Wednesday’s close in New York. Revenue beats, user growth… Continue reading Meta stock plunges 6% after earnings leave investors disappointed
Alphabet stock surges 5% as sales beat estimates
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 stock falls 2% despite cloud revenue surging 40%
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%
Ackman’s Pershing Square USA drops on debut as retail demand falls short
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
Bernstein says weakness priced in as Robinhood stock sinks on Q1 earnings
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 to carve out Venmo in major restructuring under new CEO: report
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
Micron stock jumps 5% as AI boom fuels memory demand optimism
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
