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(Bloomberg) -- Three of the world’s biggest companies have had their influence reduced in the Nasdaq 100 Index after the giant technology rally of 2024 swelled them to unprecedented size.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisTesla Inc., M...
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Shares of Broadcom (NASDAQ: AVGO) rallied 5.3% on Monday, as of 1:18 p.m. ET. Broadcom received a bullish note and price target upgrade from a Wall Street sell-side analyst today, building upon the blowout 2027 guidance management gave on the company's recent earnings call. On Monday, UBS analyst Timothy Arcuri raised his target on Broadcom from $220 to $270 per share, while maintaining his bullish stance on the name...
Continue ReadingAmazon.com Inc (NASDAQ:AMZN) and Rivian Automotive (NASDAQ:RIVN) have been partners in an electric delivery van deal since the EV company went public in 2021. Here's a look at the recent milestone hit and what's next for both companies. What Happened: .....
Continue ReadingNordstrom is returning to its private roots after years of falling sales and earnings. The deal is valued at $6.25 billion...
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Alphabet's Google's proposed changes to its search results to comply with EU tech legislation has received the thumbs up from lobbying group Airlines for Europe whose members include Air France KLM and Lufthansa. Google has announced a series of changes in search result formats in recent months following conflicting demands from price-comparison sites, hotels, airlines and small retailers, with the latest tweaks announced last month. It is trying to comply with the Digital Markets Act (DMA), which prohibits it from favouring its own products and services on its platform or risk fines as much as 10% of its global annual turnover...
Continue ReadingBig Tech races to meet AI-driven energy demands, with Amazon, Alphabet, Microsoft, and Meta pushing to hit ambitious climate goals by 2025...
Continue Reading(Updates to include a statement from a Google spokesperson in the last two paragraphs.) Alphabet...
Continue ReadingAmazon, Alphabet, Microsoft and Meta Platforms are part of the Zacks top Analyst Blog...
Continue ReadingGoogle is reportedly working on enhancing its search engine with the launch of what is being called an ‘AI mode’. The AI mode will integrate Google’s Gemini AI chatbot into its Google Search, effectively giving in to how OpenAI’s ChatGPT and Perplexity AI are playing the game. Given Google’s high stature and standing in the […]...
Continue ReadingRigetti Computing, NVIDIA, Alphabet and Amazon.com are part of the Zacks top Analyst Blog...
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