Tue, March 19, 2024

Stock Markets

getty images

Getty’s Q4: Revenue Dip & AI Shift Amid 525M Images

Quick Look Getty Images experiences a marginal revenue drop from Q3 2022 to Q3 2023. Significant growth in image and video collections and nearly doubling of active annual subscribers. Q4 revenue is forecasted to fall, with management guiding lower than analyst expectations. Stock prices rise from $4.96 to $5.28 The introduction of Generative AI by …

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Kanzhun’s Stock Up 18.8% with Q4 Revenue Jumping 46%

Quick Look Kanzhun Ltd (NASDAQ: BZ) shares jumped 18.8%, reaching $20.79. Q4 revenue hit 1.58 billion yuan, up 46% year-over-year. Non-GAAP net income reached 628.6 million yuan. Guidance for Q1 2024 forecasts revenue between 1.64 – 1.67 billion yuan. Announced a $200 million share repurchase program starting March 20, 2024. Kanzhun Ltd, a leading player …

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Nvidia: Nvidia graphic chip close up.

NVDA’s Roller-Coaster: Swings & 80% YTD Surge

Quick Look Nvidia (NVDA) experienced a significant trading swing on March 8, with a one-day reversal exceeding 10 percentage points. Wall Street’s sentiment shifts as Nvidia’s popularity among newsletters drops, now tied in fourth place. Cantor Fitzgerald raises Nvidia’s price target to $1,200, indicating a bullish outlook compared to the consensus. Nvidia’s stock is dipping …

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AMD growth

AMD: 790% 5-Year Surge, Eyes $400B AI Market

Quick Look: AMD’s share price has increased by a staggering 790% over five years and 61% in the last quarter. The company’s EPS has grown by 9.0% annually, indicating strong market optimism. Total Shareholder Return hit 151% in the last 12 months, surpassing the five-year annual average. Highlighting the $400 billion AI opportunity, Mizuho Securities …

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SILK Road

Silk Road: Insider Sales, Stock Dips 4.3%

Quick Look CFO Lucas W. Buchanan and CAO Marie L. Jones sell shares, signalling insider trading activity. Analyst ratings upgrade with a consensus of “Hold” despite positive target adjustments. Q4 performance exceeds expectations, with significant revenue beats but negative margins. Recent trading sees stock decline by 4.3%, reflecting market volatility. Institutional investments are on the …

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SoFi’s Strategic Move Amid 15.3% Stock Plunge

Quick Look SoFi Technologies Inc. records its largest single-day stock decline at 15.3%. Announces $750 million convertible senior notes offering, with potential to increase to $862.5 million. Analysts estimate a 6% share count increase but foresee a net income accretion of $34 million. Plans include redeeming high-cost preferred stock, reducing debt costs, and mitigating future …

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Tesla Remains a Wall Street Darling

Tesla’s China Dip: 16% MoM Shipment Fall & 7.16% Stock Plunge

Quick Look Tesla’s February shipments from Giga Shanghai dropped to 60,365 vehicles, a 16% decrease month-over-month and a 19% decrease year-over-year. Tesla stock tumbled 7.16%, marking its lowest close since mid-February. The Chinese Lunar New Year and strategic shipping practices influenced Tesla’s February performance. A competitive EV market and price wars, including Tesla’s substantial price …

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Dell: Dell computer corporate facility and logo.

Dell Hits $131.06 High with 31.6% Surge, EPS $2.20

Quick Look Dell Technologies’ shares reached a new 52-week high of $131.06, climbing 31.6% to last trade at $120.73. Quarterly EPS of $2.20 beats expectations by $0.47, with revenue at $22.32 billion, slightly above forecasts. The dividend per share increased to $0.445, with an annualized yield of 1.43%. Analysts upgrade price targets, with a consensus …

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Duolingo Surges: EPS Up $0.05, Revenue at $150.99M

Quick Look Duolingo’s EPS of $0.26 beats estimates by $0.05. Quarterly revenue hits $150.99 million, outpacing forecasts. The stock price jumps to $230.85 from the previous close of $195.51. Analysts adjust price targets, with a consensus of $218.11. Insider sales reach 136,000 shares over the last 90 days. Institutional ownership stands at 76.93%, with significant …

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amazon office

Amazon Joins Dow: A $90.8B AWS Boost & 15.75% Stock Surge

Quick Look Amazon replaced Walgreens Boots Alliance in the Dow Jones Industrial Average, marking significant index reshuffling. This inclusion aligns with Amazon’s stock split, echoing a trend of tech dominance alongside Microsoft and Apple in the Dow. AMZN leads the cloud infrastructure sector with AWS, showcasing robust financial performance with $90.8 billion in revenue. Jeff …

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Wibest – Asian Market: The Nikkei Stock Average with red down arrow.

Nikkei 225 Hits 39,098.68: A 44% Yearly Surge

Quick Look The Nikkei 225 index surpasses its 1989 peak, closing at 39,098.68. Sharp gains in chip-related shares and significant foreign investment drive the index’s rise. Over the past year, the Nikkei has surged by approximately 44%, outperforming many global counterparts. Governance reforms and corporate efficiency measures contribute to market attractiveness. Record stock buybacks and …

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Hype Over Nvidia's AI is Fueling Stock Bets

Nvidia Skyrockets: $22.1B Sales & 279% Data Center Growth

Quick Look Nvidia’s stock price surged, reaching over $788 post-earnings, peaking at $800 before a slight retreat. Earnings shattered expectations with $5.16 per share on $22.1 billion in sales, marking significant year-over-year growth. Data-centre sales skyrocketed by 279% from the previous year, underpinning Nvidia’s revenue surge. The future outlook brightens with the anticipation of the …

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Stocks

Stock Market: Nvidia Drive & Buffett’s $167.6B Cash

Quick Look Dow Jones futures dipped slightly by 0.1%, with S&P 500 and Nasdaq 100 futures also experiencing marginal declines. Warren Buffett’s latest shareholder letter reveals Berkshire Hathaway’s cash reserves swelling to $167.6 billion. Alongside a notable 28% increase in operating profit. The stock market saw an uplift, driven by Nvidia’s earnings. Dow Jones and …

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Stocks in Asia-Pacific

Tech Leads: Nvidia’s $277B Surge & Market Highs

Quick Look Dow Jones and S&P 500 futures show modest gains, while Nasdaq 100 futures hold steady. After-hours trading sees Block and Carvana stocks soar thanks to robust quarterly performances. Nvidia’s rally leads to a significant market upturn, with major indices marking their best sessions in months. Warner Bros Discovery and Bloomin’ Brands are among …

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