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STORY: Tesla sales plunged in October in a number of European countries.It's the latest sign the U.S. electric vehicle maker's struggles in Europe continue.Local industry data showed Monday (November 3) the automaker's new car registrations dropped 89% in Sweden.They were also down 86% in Denmark, and just under a half in the Netherlands.The drop-off comes despite industry-wide sales of fully-electric and plug-in hybrid models rising 119%.Tesla's sales have fallen in Europe this year partly due to a small, ageing line-up of models.It also faces rising competition from local competitors and Chinese brands.In Denmark, for instance, Tesla was outsold by several Chinese EV companies, including BYD and Xpeng.The company has also faced a backlash from some European consumers against CEO Elon MuskHe helped fund Donald Trump's U.S. presidential election victory last year and has supported European far-right parties...
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Stocks linked to the artificial intelligence rally were pretty much the only winners during Monday’s session. The Dow fell 410 points, or 0.9%. The S&P 500 was down 0.2%, but only 67 of its members were rising...
Continue ReadingPhilanthropist MacKenzie Scott, the ex-wife of Amazon (NASDAQ:AMZN) founder Jeff Bezos, has donated $63 million to Morgan State University. It's Scott's second donation to the Baltimore-based university, bringing her total to $103 million in the last five years. "To receive one historic gift from Ms. Scott was an incredible honor; to receive two speaks volumes about the confidence she and her team have in our institution's stewardship, leadership, and trajectory," university President David K. W...
Continue ReadingAlphabet (GOOG, GOOGL) and Meta (META) are some of the Big Tech names financing artificial intelligence (AI) buildouts with debt. Sevens Report Research founder Tom Essaye, Yahoo Finance Senior Reporter Ines Ferré, and Yahoo Finance Senior Reporter Brooke DiPalma join Opening Bid host Brian Sozzi to discuss. To watch more expert insights and analysis on the latest market action, check out more Opening Bid...
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Alphabet, Amazon, and Meta raised their capital expenditure forecasts in the tech giants' most recent earnings reports...
Continue ReadingMicrosoft said Monday it will be shipping Nvidia's most advanced artificial intelligence chips to the United Arab Emirates as part of a deal approved by the U.S. Commerce Department. The Redmond, Washington software giant said licenses approved in September under “stringent” safeguards enable it to ship more than 60,000 Nvidia chips, including the California chipmaker's advanced GB300 Grace Blackwell chips, for use in data centers in the Middle Eastern country. The agreement appeared to contradict President Donald Trump's remarks in a “60 Minutes” interview aired Sunday that such chips would not be exported outside the U.S...
Continue ReadingNvidia stock was rising despite President Donald Trump signaling the U.S. will continue to curb exports of the company’s chips to Chinese customers...
Continue ReadingWith the major indices rocketing higher on cooling trade tensions, inflation, hot earnings, and unstoppable AI momentum, analysts are still upgrading big tech names. Nvidia (NASDAQ: NVDA): Loop Capital just reiterated its buy rating on the stock, with a price target of $350 a share, up from $250. The firm believes NVDA is about to ... Wall Street Loves Nvidia, Palantir and Cisco...
Continue ReadingAmazon (AMZN) stock rallied to record highs on Monday, after announcing a $38 billion cloud deal with ChatGPT creator OpenAI. It is Amazon Web Services' first cloud contract with OpenAI, which has long been a key partner for Amazon rival Microsoft (MSFT). Amazon announced the "multiyear, strategic partnership" with OpenAI is a news release, which AWS said will allow OpenAI.....
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