Robinhood Markets Inc (NASDAQ:HOOD) is gearing up to announce its second-quarter earnings on Wednesday after the market closes. Investors are eagerly anticipating the results as they could shed light on retail trading activity. Let’s delve into what can be expected. Robinhood By The Numbers: The company, headquartered in Menlo Park, California, is projected to report…
Uber has reached a momentous milestone, achieving its first-ever operating profit. The American ride-hailing giant, Uber Technologies Inc (NYSE: UBER), has successfully transitioned into a profitable enterprise, as evidenced by its latest financial results. The company reported pre-tax earnings of $326 million (£255 million), a remarkable turnaround from the previous year’s operating loss of $713…
Palantir Technologies Inc (NYSE:PLTR) experiences wild fluctuations in shares as positive momentum continues post a recent surge. The surge was prompted by favorable remarks from Wedbush analysts, generating excitement among investors. Wedbush analyst Dan Ives made an impressive entrance by initiating coverage on Palantir last Friday, issuing an Outperform rating along with a $25 price…
Elon Musk’s Starlink Empowers Ukraine Amidst Crisis, Raising Global Concerns During the 2022 Russian invasion, Starlink, SpaceX’s satellite internet service, came to Ukraine’s aid by providing crucial communication support amid outages. However, concerns are mounting globally over Musk’s significant influence on the technology. Countries, including Ukraine, have reached out to the United States to assess…
OpenAI, the company behind the popular AI system ChatGPT, has taken a step towards the future by filing a trademark application for ChatGPT-5. The news was shared by trademark lawyer Josh Gerben in a tweet on Monday, revealing that the filing was made with the USPTO on July 18th. Since the successful launch of ChatGPT…
Bernstein’s outlook for Nvidia appears more positive, bolstered by the latest news from major cloud-computing vendors regarding their AI spending plans. The technology analysts at Bernstein downplayed short-term and medium-term risks of an AI infrastructure oversupply leading to a potential boom and bust cycle for Nvidia’s semiconductors. Instead, they see robust customer demand for Nvidia…
The past week was an eventful one for Apple, Inc (NASDAQ:AAPL), markued by a promising 1.6% rise on Friday. Apple’s stocks are steering a robust course, in line with the rising channel pattern. This bullish trend has been apparent at least for the short-term. Understanding the Inside Bar Pattern During this time, Apple…
Apple, Inc (NASDAQ:AAPL) exhibited a 1.6% increase on Friday, following a predominantly upward trajectory within a rising channel pattern. The Cupertino, California-based company’s current pattern indicates a bullish outlook, at least for the short-term. Additionally, Apple is currently trading within an inside bar pattern, signaling a period of consolidation that typically precedes a continuation of…
Microsoft Corp (NASDAQ: MSFT) stock is experiencing gains on Friday as it highlights the significant role of graphics processing units (GPUs) as a critical raw material for its expanding cloud business, specifically in enabling AI capabilities. The company’s annual report addressed GPUs as a risk factor, citing potential outages if the necessary infrastructure is not…
The price of spot gold recorded a marginal decrease of 1.25% on Thursday, an outcome largely attributed to the publication of preliminary estimates data by the U.S. Bureau of Economic Analysis. The data disclosed a growth of 2.4% on an annualized basis in the U.S. economy during the second quarter of 2023. Further,…
