Signage at the Nvidia Corp. offices in Taipei, Taiwan, on Tuesday, Jan. 28, 2025. Photographer: An Rong Xu/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images U.S. chipmaker Nvidia‘s auto segment revenue more than doubled in the latest quarter to a record high on strong demand for driver-assist software. While the company’s biggest revenue…
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among…
Check out the companies making headlines in after-hours trading. Snowflake — Shares of Snowflake popped more than 9% on the back of the company’s better-than-expected fourth quarter report. The data cloud analytics company reported adjusted earnings of 30 cents a share on revenue of $987 million, while analysts surveyed by LSEG expected earnings of 17…
Wharton School Professor Jeremy Siegel is uncertain whether the “Magnificent Seven” companies can continue to enjoy the run they’ve had, and expects the other sectors could start to outperform. “We have these two markets. We have the Mag Seven, which is ex- Tesla is selling for 30, 35, and then we have the other 493…
DeepSeek’s rise is the catalyst that will prompt global investors to allocate more toward Chinese stocks, even as economic worries persist, analysts predict. “Before the overarching talk was, China is uninvestible. … Now you definitely see people start thinking it probably helps to have China,” said Liqian Ren, leader of quantitative investment at WisdomTree. It’s…
Big Tech’s historic gains could be affecting your portfolio’s makeup — especially if your goal is diversification. Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla. “Those Mag Seven stocks are very expensive…
The backdrop should be reassuring for many investors: A lively bull market, pro-business policies promised by the Trump administration and a Federal Reserve close to pulling off a soft landing. However, Wall Street’s biggest names aren’t sounding so bullish for the year ahead. Convening at an alternative investments conference in Miami this week, hedge fund titans…
Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna…
Check out the companies making headlines in midday trading. F5 — Shares jumped more than 11% after the application security company posted better-than-expected guidance for the fiscal second quarter. F5 said to expect revenue to come in between $705 million and $725 million, beating the consensus forecast of $702.7 million from analysts polled by FactSet….
An animated rendering of a Pelican satellite in orbit. Planet Satellite imagery and data analysis company Planet announced it had signed a $230 million contract on Wednesday, with an anchor customer furthering the rollout of its next-generation Pelican satellites. “It is a momentum-building event. … It’s both our biggest deal ever and it’s a significant…
