Despite a disappointing Q2 2024 earnings report, Alibaba’s stock rebounded on AI and cloud computing hopes, gaining 2.5% in five days. Alibaba: Earnings Breakdown Alibaba announced its earnings for the quarter ending June 30, 2024. The company reported revenue of 243 billion Chinese yuan ($34.47 billion), an increase of 4% year over year. However, it […]
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Tencent Holdings Ltd announced its second-quarter results beating estimates due to improvement in the gaming division.? The Chinese tech giant posted revenue of 161.12 billion Chinese Yuan (around $22.5 billion). This represents an impressive 8% YoY increase in revenue, while profits improved by 82% during the same time. Its shares now face a slight correction […]
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Apple reported earnings on August 1, beat analysts’ expectations. Techopedia breaks down the company’s financials and the impact of this on Apple’s stock price in the future. Apple Earnings and Its Impact on Stock Apple posted a quarterly revenue of $85.78 billion, 5% higher than the previous year, while quarterly earnings per share clocked in […]
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Discover how Amazon’s strong AWS performance contrasts with slower retail growth and missed advertising expectations in the latest earnings report. Amazon Earnings Breakdown Amazon (AMZN) released its earnings report on August 1. Revenues were lower than expected in the second quarter, leading to a disappointing forecast for the next quarter. Amazon surpassed the expected revenue […]
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Nintendo reports a 55% profit drop and declining Switch sales. A strategic decision to avoid generative AI in gaming is impacting future growth. Nintendo Earnings Report The latest earnings report from Nintendo Co., Ltd shows that its profit fell 55% as its Switch console sales plunged. The company ?posted a decline in sales revenue and […]
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Samsung Electronics reports a massive 1458% increase in operating profit, driven by strong AI demand and semiconductor sales. Discover how this impacts their future outlook. Samsung’s earnings report Samsung Electronics Co. released earnings that beat analysts’ expectations. The company’s operating profit soared by 1458% due to upbeat AI demand, and its net income growth saw […]
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Intel faces significant market challenges as the tech sector undergoes a massive sell-off. Learn what to expect from Intel’s upcoming earnings report amid new sanctions. The recent sell-off in the tech sector has cost the chipmaking industry around $500 billion in stock market valuation. The US reportedly plans to ratchet its sanctions against Chinese companies. […]
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Meta’s Q2 2024 earnings are highly anticipated, with analysts forecasting robust growth due to AI investments and strong financial performance. With the tech giant expected to share its results on July 31, tech stocks across the board witnessed the worst sell-off since October 2022. Many analysts expect an improvement in the social media company’s financial […]
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Alphabet’s earnings came in better than expected, as operating profit topped $1 billion for the first time. Let’s look at the detailed breakdown of the results with the experts. Alphabet’s Q2: Details Google’s parent company Alphabet (GOOG) reported earnings per share of $1.89 against a revenue of $84 billion. The expectation stood at $1.85 versus […]
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Biden’s decision to withdraw from the 2024 race sends shockwaves through global markets. Discover how stocks, oil, and crypto are responding. Recent political developments have made the US presidential elections highly interesting, as Biden has withdrawn from endorsing Kamila Harris as a Democratic Nominee. Such political events are having a direct impact on stocks worldwide. […]
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Analysts recommend Berkshire Hathaway, Coterra Energy, and Disney as key stocks to watch. These stocks are expected to gain 20% or more by year-end. As we enter the second half of 2024, multiple factors will continue to impact the direction of the markets, from U.S. interest rate cuts to Chinese growth. Currently, there are three […]
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The US stock market is having a field day. The S&P 500 has increased by 14%, while the NASDAQ has experienced a gain of 18%. Many analysts are still bullish for the rest of the year, but risks remain. Some economists have already warned that the US stock market might crash next year. Let’s try […]
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Taiwan Semiconductor Manufacturing (TSMC) and Broadcom (AVGO) are poised to join Nvidia in the Trillion Dollar Club. Discover how advancements in AI and technology are driving the market forward. The global semiconductor industry continues to offer more avenues of growth as evidenced by the 15.8% year-on-year (YoY) growth in April 2024. The growing integration of […]
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With Nvidia’s stellar rise, the question remains whether Amazon can chart a similar trajectory and enter the $3 trillion club?? Amazon Q1 Earnings Tech giant Amazon released its quarterly results in May, beating analysts’ expectations. The company’s Q1 sales increased by 13% to $143.3 billion, higher than the $142.5 billion expectation. Net income also increased […]
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GameStop (GME) shares registered a 75% gain after Roaring Kitty shared a screenshot of the company’s $175 million holdings.? The GME shares added 75% of gains during the open market, settling at $28 on June 3. In total, last month, GameStop stock rose by 74% in price. The main impetus for the increase was the […]
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Dell Technologies (DELL) has released its Q1 earnings report, which fell short of market expectations, leading to a significant drop in its stock price. Dell Technologies (DELL) released its Q1 earnings, which failed to meet expectations. The shares fell 23% in the recent five days, as the results disappointed the investors. Dell’s Earnings Call: Details […]
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China started its third state-run fund of $47.5bn in a bid to support the semiconductor industry. Why has the country done this, and what will be its impact on the semiconductor industry? The Big Fund, established last week, is a part of China’s wider efforts to become a leader in all the major and relevant […]
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Rising national debt, consumer credit issues, and a slowing labor market might be signs of possible recession for the US economy. What do analysts think of the perspectives? Nasdaq recently touched new highs as various cruise companies, tech firms (like Nvidia) and retailers posted positive earnings. However, many indicators suggest taking this rally with a […]
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Nvidia recently reported its earnings. As expected, they lived up to the hype. Earnings per share (EPS) were $6.12, a staggering 461% increase from last year. Meanwhile, revenue was $26 billion, a 262% jump from a year ago. Nvidia Shares Up 9% Nvidia’s stock rose 9%, closing at $1,037 on May 24. The investors reacted […]
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NASDAQ touched 16,794.87 after rallying 108.91 points in one day. Comments by the Fed hinting at the stability of interest rates and anticipation of results from retailers and Nvidia Corp. helped fuel the rally. US stocks are having a high time as expectations of a soft landing gather momentum and companies post positive results. The […]
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Copper price touched the highest levels ever on May 20. It crossed the $11,000 mark in intra-day trading. The metal has gained 35% this year.? Copper is the third most used metal in the world, used in everything from homes to high-tech equipment. Growing copper demand is often taken as an indicator of a growing […]
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