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Jensen Huang has bold new market cap prediction for Nvidia
TheStreet94d agoneutral
Jensen Huang has bold new market cap prediction for Nvidia

There is a number most people stop being able to picture once it gets past a billion. You can imagine a million dollars. You can almost imagine a billion. A trillion is already abstract. Five trillion, however, is folklore. That is the territory Nvidia (NVDA) is now operating in, and it is the part ...

USPS, DHL partner in a $10 billion 'last-mile' delivery agreement
Associated Press94d agoneutral
USPS, DHL partner in a $10 billion 'last-mile' delivery agreement

The United States Postal Service said Thursday it reached a $10 billion deal to provide “last-mile” package delivery services for DHL eCommerce, an arm of German package services provider DHL. The USPS said in December it intended to open its last-mile delivery network to large and small shippers, expanding beyond current arrangements with Amazon and UPS. Postmaster General David Steiner said in a call with reporters that since the USPS delivers to 170 million locations six days a week, “we are the best last-mile provider by default.”

Investing.com94d agoneutral
Is Meta’s next growth engine subscriptions?

Investing.com -- Meta Platforms’ major push into subscription services across Instagram, Facebook, WhatsApp and Meta AI, a move that could generate billions of dollars in recurring revenue.

XPENG Q1 Earnings Call Highlights
MarketBeat94d agoneutral
XPENG Q1 Earnings Call Highlights

XPENG (NYSE:XPEV) said it expects a sharp rebound in second-quarter deliveries after a weaker first quarter, while management outlined a broader push to position the company around “physical AI” applications including advanced driver assistance, Robotaxis and humanoid robots. Co-founder, Chairman a

Diana Shipping Q1 Earnings Call Highlights
MarketBeat94d agoneutral
Diana Shipping Q1 Earnings Call Highlights

Diana Shipping (NYSE:DSX) reported a sharply higher first-quarter profit as the dry bulk shipowner benefited from improved charter rates, lower interest expense and an unrealized gain tied to its investment in Genco Shipping & Trading. Chief Executive Officer Semiramis Paliou said the dry bulk

Dell awarded $9.7B Department of Defense deal, shares gain
Proactive94d agoneutral
Dell awarded $9.7B Department of Defense deal, shares gain

Dell Technologies Inc (NASDAQ:DELL) shares rose about 7% on Wednesday after the US Department of Defense announced a five-year, approximately $9.7 billion enterprise software agreement involving Dell Federal Systems to provide and manage Microsoft-related software and cloud services for the US...

Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8
Reuters94d agoneutral
Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8

Anthropic on Thursday said it is launching an upgraded ‌Claude Opus 4.8 model even as ‌it works to release its powerful, market-moving Mythos model ​to all customers in the coming weeks. Mythos is the AI lab's large language model with advanced cybersecurity capabilities that have ‌raised concerns among ⁠executives and world leaders about its impact. As a part of Project ⁠Glasswing, major tech firms such as Amazon, Microsoft and Apple are permitted to ​use Mythos ​for cybersecurity purposes.

J&J’s Strategy for Deals on the Cheap Faces a Big Test
The Wall Street Journal94d agoneutral
J&J’s Strategy for Deals on the Cheap Faces a Big Test

Johnson & Johnson seems to have perfected the art of the biotech deal. Rather than spending billions on acquisitions, it has built much of its pharma empire through partnerships that capture huge upside for bargain prices.

Auto & Transport Roundup: Market Talk
The Wall Street Journal94d agoneutral
Auto & Transport Roundup: Market Talk

Find insight on Ferrari, United Airlines, Singapore Airlines and more in the latest Market Talks covering the Auto and Transport sector.

Energy use forcing rethink of AI chip design, TSMC says
Reuters94d agoneutral
Energy use forcing rethink of AI chip design, TSMC says

A senior TSMC executive said on Thursday that surging electricity demands from AI are making energy efficiency rather than computing power ‌the main constraint shaping future computer chip development. Kevin Zhang, Senior Vice President of ‌Business Development, said customers across smartphones to AI data centres are increasingly prioritising performance gains that do not drive up ​power use, as operators contend with the cost and availability of electricity. The shift is part of ⁠a broader turning point for the semiconductor industry, where simply packing more transistors onto chips is no longer enough to sustain performance gains for energy-hungry ⁠AI workloads.

Wall Street giant’s ETF suffers second-worst outflow ever
TheStreet94d agoneutral
Wall Street giant’s ETF suffers second-worst outflow ever

BlackRock, Inc. (NYSE: BLK) launched its spot U.S. exchange-traded fund (ETF) tied to Bitcoin (BTC) on Jan. 11, 2024. It was a historic moment for the crypto industry as the launch demonstrated the growing faith of Wall Street in digital assets. Several large players like Morgan Stanley (NYSE: MS) ...

Amazon's dividends & stock splits: What you need to know
TheStreet94d agoneutral
Amazon's dividends & stock splits: What you need to know

Amazon is the biggest online retailer in the world. It’s made tens of billions of dollars in profit, and the company uses that cash to finance its businesses and projects for future earnings growth. Despite the massive take in earnings, the company hasn’t paid cash dividends to stockholders and has ...

Burlington Stores Q1 Earnings Call Highlights
MarketBeat94d agoneutral
Burlington Stores Q1 Earnings Call Highlights

Burlington Stores (NYSE:BURL) reported stronger-than-expected fiscal first-quarter results, with executives saying the off-price retailer benefited from broad-based comp growth, better markdown execution and supply chain productivity. Chief Executive Officer Michael O'Sullivan said the company deli

Microsoft to release new coding model next week, the Information reports
Reuters94d agoneutral
Microsoft to release new coding model next week, the Information reports

Microsoft will unveil a suite of new homegrown AI models next week at its annual "Build" conference for developers ‌in San Francisco, including a coding model to boost the ‌usage of its GitHub Copilot tool, the Information reported on Thursday. Microsoft declined to comment on the report. • Microsoft shares climbed ⁠on the report, and were last up nearly 3%.

Analyst resets AppLovin stock forecast on hidden metric
TheStreet94d agoneutral
Analyst resets AppLovin stock forecast on hidden metric

AppLovin has already become one of Wall Street’s more closely watched artificial-intelligence advertising stories. The company’s growth has been fast enough to raise a different question for investors: How much more can it squeeze out of mobile ads after such a large run? Morgan Stanley says the ...