Amazon shares AMZN surged 4% on Friday after Evercore ISI raised its price target on the e-commerce and cloud computing giant to $355 from $315.16, while maintaining an Outperform rating. The move came as analysts pointed to improving trends across Amazon’s retail, artificial intelligence and cloud businesses. Evercore sees upside from AI-powered retail Evercore ISI
Nvidia (NVDA) stock was down over 1% in after-hours trading after the firm posted its earnings report. Nvidia reported record second-quarter fiscal 2027 revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year earlier, as demand for AI infrastructure continued to accelerate. Net income in the quarter more than doubled
Gorilla Technology (GRRR) shares tanked on Tuesday morning after the AI-enabled software firm reported Q2 earnings featuring a “wider-than-expected loss” that overshadowed its strong top-line performance. The company posted $0.58 a share of loss for its fiscal second quarter on $50.1 million in revenue, compared to the consensus set at $0.04 per share and $38.7
SpaceX (SPCX) shares rose about 2.5% on Tuesday after closing at its initial public offering price Monday, as JPMorgan highlighted the company’s expanding artificial intelligence ambitions and enterprise strategy. JPMorgan reiterated an Overweight rating and $240 price target on SpaceX, implying roughly 74% upside from the stock’s current price. JPMorgan sees AI opportunity JPMorgan’s bullish
US stocks closed mixed on Monday as a decline in technology and semiconductor shares weighed on the S&P 500 and Nasdaq, while the Dow Jones Industrial Average gained. Investors also assessed lower Treasury yields, fresh tariff threats and the prospect of expanded US sanctions on countries doing business with Iran. The S&P 500 fell 0.28%
Crypto tokens associated with President Donald Trump are plunging this weekend as his approval rating sinks to a new low. Official Trump (TRUMP) meme coin dropped to $2.488, down by 32% from its highest level on Saturday. WLFI and TRUMP tokens have slumped Similarly, the WLFI token dropped to $0.057, down sharply from the weekend
The online dating industry is facing one of its biggest tests since the pandemic boom. After years of rapid expansion caused by swipe-based matchmaking, many of the industry’s biggest players are grappling with slowing user growth, declining engagement and increasing skepticism from younger users. While companies are investing in artificial intelligence, safety features and new
Broadcom AVGO stock rose more than 1% on Friday even as semiconductor shares broadly weakened, with the Philadelphia Semiconductor Index down about 1%. The move comes after a difficult week for Broadcom, which fell sharply after Marvell Technology announced an agreement to help Google develop custom artificial intelligence chips. The deal also gave Alphabet an
Circle Internet Group stock jumped to its highest level since June 22nd as Bitcoin and most altcoins made a strong comeback. CRCL jumped to a high of $83.13, its highest level since June 22nd, up by 43% from its lowest level this year. Still, Circle faces some major risks ahead of the upcoming Arc Layer
US stocks closed higher on Wednesday as falling Treasury yields improved risk appetite, while a sharp rally in Moderna shares boosted the healthcare sector. The Dow Jones Industrial Average rose 0.22%, or 119.71 points, while the S&P 500 gained 0.22% and the Nasdaq Composite advanced 0.16%. The gains moderated during the session after the major