Broadcom CEO Hock Tan’s upbeat projections of AI chip growth potential lifted the company’s stock 24%, despite some fuzziness in his commentary. Plus, The Information’s stories of the week...
Continue ReadingAmazon (AMZN) closed at $227.46 in the latest trading session, marking a -0.66% move from the prior day...
Continue ReadingThe latest trading day saw Apple (AAPL) settling at $248.13, representing a +0.07% change from its previous close...
Continue ReadingUS stocks (^DJI,^GSPC, ^IXIC) close Friday's trading session mixed. Yahoo Finance Data and Markets Reporter Jared Blikre joins Josh Lipton on Asking for a Trend to discuss his key takeaways from the trading day: strange streaks, "Magnificent Seven" leadership, and physical vs. digital gold. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan...
Continue Reading(Updates with Amazon's comment in last two paragraphs.) Amazon.com's (AMZN) unionized workers at...
Continue ReadingMicrosoft (MSFT) and Google (GOOG) and other major tech companies will be granted the role of global...
Continue ReadingWedbush Securities managing director of equity research Scott Devitt joins Market Domination to discuss Amazon's (AMZN) outlook for 2025. "I think you're going to see all three businesses firing on all cylinders into 2025, and really for the first time since the pandemic," he states. Devitt highlights the resurgence in Amazon's retail segment growth, the continued success of AWS, and notes that while the stock has outperformed in 2024, he expects this momentum to build further into 2025. Regarding the competitive landscape, Devitt emphasizes Amazon's accelerating growth trajectory. He explains that customers had previously reduced spending "because the economy was weak," but with economic recovery underway and "the narrative corrected again," the company "sits in a very strong position." While highlighting Amazon's strengths, Devitt also points to Microsoft (MSFT) and Alphabet (GOOG) as major players in the space, describing all three tech giants as "net winners." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith...
Continue ReadingThe Costco earnings report showed gains in e-commerce, membership income and worldwide traffic despite headwinds...
Continue ReadingWASHINGTON (Reuters) -In its latest jab at Beijing, the U.S. will empower companies like Google and Microsoft to act as gatekeepers worldwide for highly sought-after access to AI chips, two people familiar with the draft plan said. Under the scheme, to be released as soon as this month, these companies would have to comply with strict requirements, including reporting key information to the U.S. government and blocking Chinese access to AI chips. The Commerce Department declined to comment on the content and timing of the new regulations...
Continue ReadingIn its latest jab at Beijing, the U.S. will empower companies like Google and Microsoft to act as gatekeepers worldwide for highly sought-after access to AI chips, two people familiar with the draft plan said. Under the regime, to be released as soon as this month, these companies would have to comply with strict requirements, from reporting key information to the U.S. government to blocking Chinese access to AI chips. The Commerce Department declined to comment on the content and timing of the new regulations...
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