Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. I-hwa Cheng | Afp | Getty ImagesNvidia reports fiscal first-quarter earnings on Wednesday after the bell.Here’s what Wall Street is expecting, per LSEG:Earnings per share: 93 cents, adjustedRevenue: $43.31 billionWall Street is expecting the AI chip giant to guide for 99 cents in adjusted earnings per share on $45.9 billion of sales in the July quarter.Nvidia continues to see massive growth from its sales of graphics processors, with demand for the company’s AI chips showing no signs of cooling.But there’s one…
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Amazon and Google parent Alphabet are among Goldman Sachs’ top picks in the internet segment to rebound in the second half of the year. Both stocks have seen weak starts in the first half of 2025. Shares of Alphabet are down nearly 9% through Tuesday, while Amazon is down about 6%. The S & P 500 was higher by almost 1% in 2025. Both stocks have struggled as the broader market has been struck by volatility caused by President Donald Trump’s trade war, concerns over a potential U.S. slowdown and burgeoning interest expense on the national debt. Looking ahead, Goldman…
2023 Prius Prime on display, April 6, 2023.Scott Mlyn | CNBCPLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs.Such cars can function as an all-electric vehicle for a certain number of miles before they need a traditional gas-powered engine. Unlike traditional hybrids like the Prius that use a small amount of battery technologies, PHEVs also need to be charged with a plug, like an EV, to use the electric range.PHEVs aren’t new. Toyota first introduced the Prius as a PHEV in…
TKO Executive Chairman of the Board Vince McMahon is seen during a ceremony announcing Dwayne “The Rock” Johnson has joined the Board of Directors for TKO at New York Stock Exchange on January 23, 2024 in New York City.Michelle Farsi | UFC | Getty ImagesThe co-defendant in the bombshell lawsuit accusing former WWE boss Vince McMahon of sexual abuse and sex trafficking has agreed to cooperate with and give evidence to the woman suing the pro wrestling mogul and the company.The co-defendant, John Laurinaitis, also reached a confidential settlement with McMahon’s accuser, Janel Grant, according to a statement issued by…
A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. Maxim Shemetov | ReutersOPEC+ countries on Wednesday agreed to leave their formal output quotas unchanged, with market focus shifting toward potential increases from an eight-member subset of the alliance that had been carrying out separate voluntary production cuts.The OPEC+ coalition has been operating a spate of formal production agreements that bind all members unanimously, along with two output cuts that are only informally tackled by an eight-member subset of the organization. Under formal policy,…
With the technology sector gaining momentum again amid a broader market recovery, Adobe stands out as a high-quality growth stock poised to benefit from its leadership in digital creative design and AI-driven tools. The company’s impressive financial performance, coupled with its strategic use of AI to enhance workflows, positions it as a top pick in the software sector. ADBE recently broke out from its bearish trend with strong momentum providing an optimal timing to add bullish exposure. And with a high implied volatility (IV) environment, this allows us to capture elevated premiums while positioning for upside going into earnings on…
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk’s startup xAI is paying the Dubai-based messaging platform Telegram $300 million to roll out its Grok artificial intelligence chatbot, Telegram CEO Pavel Durov announced in a post on Wednesday.Durov said he and Musk struck a year-long partnership that “strengthens Telegram’s financial position.”In addition to the $300 million payment from xAI, Telegram will also earn 50% of the revenue from xAI subscriptions that are sold on the platform, according to Durov.”This summer, Telegram users…
Stocks with large amounts of overseas revenue and strong pricing power could outperform if the U.S. engineers an effective dollar devaluation as part of White House trade talks, according to Jefferies. The greenback has already slipped around 7% on the year, and although there doesn’t appear to be a blatant catalyst to drive it further lower — Jefferies Global head of FX Brad Bechtel predicts a major regime change ahead. Specifically, Bechtel believes that a tacit agreement worked into trade negotiations with China could drag the USD down 15%. “An agreement — particularly with China — to weaken the USD…
Larry Culp, CEO, General ElectricScott Mlyn | CNBCGE Aerospace’s CEO said on Wednesday he is seeing supply chain improvements that will support an expected 15% to 20% increase in deliveries this year of jet engines used on popular narrowbody aircraft, after snags challenged deliveries in 2024.CEO Larry Culp also told the Bernstein Strategic Decisions conference that the engine maker pledged to be “completely in sync” with customer Boeing, as the U.S. planemaker gradually grows production of its strong-selling 737 MAX to a monthly rate of 38 and possibly above this year. GE Aerospace, however, is still expecting a hit of…
Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023.Courtesy: NasdaqInstacart on Wednesday appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new head of applications.Shares were flat.Rogers, who joined Instacart in 2019, will start Aug. 15 and join the board of directors. Simo will retain her chair position to “smooth the transition,” the company said.”Over the last four years, we’ve transformed Instacart into a growing, profitable, leading technology platform that’s helping reshape the grocery industry,” Simo said in a release. “We’re building a generational company at…
