Stock Research

Shares of Alibaba Group fell more than 2.5% in premarket trading on Wednesday after the Chinese technology giant reported mixed quarterly results, with revenue growth supported by artificial intelligence demand but profitability sharply hit by aggressive investment spending. Alibaba posted a 3% rise in fiscal fourth-quarter revenue, as its cloud and AI businesses continued to… Continue reading Alibaba shares fall as AI spending dents earnings despite strong growth

US stocks opened subdued on Wednesday after another stronger-than-expected inflation report reinforced expectations that the Federal Reserve may keep interest rates elevated throughout the year, while a rebound in semiconductor stocks helped support technology-heavy indexes. The Dow Jones Industrial Average fell 230 points, or 0.46%, while the S&P 500 slipped 0.04%. Nasdaq Composite outperformed, gaining… Continue reading Dow falls 230 points as hot inflation data rattles Wall Street

Danmarks Ishockey Union (DIU) has named Concordium as the Official AI Partner of the Danish National Ice Hockey Team. The partnership will launch during the 2026 IIHF Ice Hockey World Championship in Switzerland. The collaboration will focus on two joint initiatives built on Concordium’s AI infrastructure. The first is a Verified Fan Programme, which will… Continue reading Concordium named AI partner of Denmark’s National Ice Hockey team

Solana-based PreStocks tied to Anthropic and OpenAI have plunged this week after both artificial intelligence firms warned that unauthorised share transfers conducted through tokenized structures and special-purpose vehicles may be invalid and carry no shareholder rights. According to statements published by Anthropic and OpenAI earlier this week, the companies do not recognise transfers of their… Continue reading Solana AI PreStocks crash after OpenAI and Anthropic stock transfer warnings

Chinese artificial intelligence model developers rallied sharply on Wednesday after Nvidia Chief Executive Officer Jensen Huang joined US President Donald Trump on his visit to Beijing, fuelling hopes that China could gain wider access to the chipmaker’s advanced semiconductors. Shares of MiniMax Group Inc. closed about 18% higher, while Knowledge Atlas Technology Joint Stock Co.… Continue reading China’s AI stock rally gets a Jensen Huang boost: Why analysts remain bullish

Hindustan Petroleum Corporation Limited reported a sharp rise in profit for the fourth quarter and full financial year 2025-26, supported by stronger refining margins, higher refinery throughput, and steady growth in fuel sales volumes. The state-run oil marketing company announced its financial results for the quarter and year ended March 31, 2026, on Wednesday. The… Continue reading HPCL Q4 profit jumps 46% on strong refining margins

Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence operations in a broader push to streamline decision-making and accelerate its digital transformation. The move, first reported by The Wall Street Journal on Tuesday, comes as Walmart increases investments in artificial intelligence, automation… Continue reading Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?

Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US market weighed on performance. The company’s consolidated net profit fell 54.6% year-on-year to 5.55 billion rupees ($58 million) for the quarter ended March 31. The earnings figure came in below analysts’ average estimate… Continue reading Cipla Q4 profit misses estimates as US market competition weighs