Bernstein analyst Aneesha Sherman is buying Nike (NKE) management’s view that “numbers are now de-risked”, and recommends investing in the footwear giant as it tumbles after Q1 earnings. Nike recorded top-line revenue of $11.2 billion for its first financial quarter – down a more-than-expected 4% on a year-over-year basis albeit its EPS came in ahead
SpaceX stock SPCX gained 6% on Friday after CEO Elon Musk said the company could reach a potentially significant milestone in powering Nvidia’s artificial intelligence hardware. Musk said on X, formerly known as Twitter, that he was “cautiously optimistic” that SpaceX could run its version of Nvidia’s VR72 system at close to 250 kilowatts of
The crypto market is doing well today, helped by the relatively weak nonfarm payrolls (NFP) data, which lowered the possibility of the Federal Reserve hiking rates. Bitcoin and most altcoins were in the green, with the market cap of all tokens approaching the $3 trillion mark. This article looks at some top coins, including Dogecoin
Arm Holdings ADR stock surged 5% in trading as the company’s role in Nvidia’s Open Agent Safety Platform continued to attract investor interest. Arm-based processors have been confirmed to handle both artificial intelligence agent execution and safety monitoring functions across Nvidia’s BlueField 4 hardware and related infrastructure. The development highlights the expanding use of Arm’s
US employers added far fewer jobs than expected in September, while the unemployment rate rose to 4.2%, strengthening expectations that the Federal Reserve may leave interest rates unchanged in October. Gold prices fell as a stronger dollar and elevated Treasury yields outweighed earlier support from the weaker US jobs report. Oil prices were mixed after
US stocks ended higher on Friday after weaker-than-expected September jobs data reduced expectations for a Federal Reserve rate hike later this month. The Dow Jones Industrial Average rose 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%. The Nasdaq briefly reached an all-time high during the session before
Corteva (CTVA) shares are undergoing a massive price adjustment on October 1st, plunging rather sharply after the market opened. While a glance at CTVA stock might look alarming, the crash isn’t because of a sudden operational collapse or unexpected earnings miss. Instead, it marks the planned execution of a major corporate restructuring. Corteva officially completed
SanDisk shares SNDK rose in afternoon trading Thursday after Citi reiterated its Buy rating on the memory and storage company following Micron Technology’s latest earnings report. The stock was up over 2% after staying under pressure in morning trading. Citi maintained a $2,100 price target for SanDisk, implying more than 20% upside from current levels.
Nvidia stock NVDA gained 1% on Thursday as Barclays analyst Tom O’Malley estimated that the chipmaker could generate $401 billion in hyperscaler revenue in 2027, above the firm’s current forecast of $370 billion. O’Malley used what he described as “napkin math” based on Nvidia’s latest data on information technology spending by major cloud providers. The
Anthropic is considering launching its initial public offering as soon as mid-November, potentially putting the artificial intelligence model maker on track to begin trading before the Thanksgiving holiday, Bloomberg News reported, citing people familiar with the matter. The company behind Claude could begin formal marketing for the IPO as early as the week of Nov.