Snap stock falls 10% as revenue and user growth miss estimates
Snap shares SNAP fell more than 10% in premarket trading on Thursday after the social media company reported third-quarter revenue and user numbers that missed Wall Street expectations, raising questions…
Nasdaq opens 1.4% lower as chipmakers and AI infrastructure stocks extend loss
US stocks opened lower on Thursday, with the Nasdaq under pressure as chipmakers and data centre-related stocks extended their declines for a second session. Investors continued to assess the potential…
Wendy’s ‘no’ to Peltz may be a bigger gamble than investors realize
Wendy’s (WEN) is back in the spotlight after rejecting a $1.4 billion take-private offer from a consortium led by activist investor Nelson Peltz’s Trian Fund Management.The proposal offered shareholders $7.35…
Oracle stock in green despite reported $7B Tencent chip deal cancellation
Oracle stock (ORCL) traded slightly higher on Wednesday despite reports that the company had cancelled a $7 billion chip leasing agreement with China’s Tencent following pressure from the Trump administration,…
SpaceX taps Qualcomm for Starlink Mobile: should investors pay attention?
SpaceX (SPCX) and Qualcomm (QCOM) shares are in focus this morning after the two companies announced a partnership that could reshape the future of mobile connectivity in the US.SPCX has…
These 3 are billionaires’ favourite tech stocks
Not every company tied to artificial intelligence (AI) is attracting capital equally.While investors have grown more “selective” toward software names after sharp selloffs in stocks such as Fortinet and have…
Astera Labs stock crashed below a key support level: will it recover after earnings?
Astera Labs stock made a strong bearish breakout and dropped to its lowest level since May 19. The shares fell to a low of $229, down 54% from their highest…
Apple stock: BofA recommends fixating on long-term opportunity
Apple (AAPL) shares came under pressure today after the company delivered better-than-expected quarterly earnings and revenue but issued gross margin guidance that fell short of Street estimates.While the market fixates…
Anthropic revenue surges 12 fold in Q3, with $895B in purchase commitments
Anthropic reported a sharp increase in revenue in the third quarter, while its latest regulatory filing revealed substantial losses and nearly $895.4 billion in purchase and lease commitments, largely linked…
Why is Oracle stock falling nearly 6% on Monday?
Oracle shares ORCL fell nearly 6% on Monday after the software giant disclosed plans to raise $20 billion through bond and share sales, highlighting the growing financing requirements of its…