Nvidia should have no issue navigating headwinds tied to global trade and rising competition, allowing shares to hit a fresh all-time high, according to Bank of America. BofA reiterated a buy rating on the artificial intelligence darling, alongside a $190 price target. Bank of America’s forecast implies nearly 63% upside from Monday’s $116.66 close. While Nvidia stock has surged more than 76% over the past year, its shares have been under pressure so far in 2025 and have dipped 13% year-to-date, as the rise of DeepSeek sparked a tech sector sell-off. Investors are reevaluating the AI trade, as they try…
Author: usaeverydaylife
A cargo ship loaded with containers berths at Qingdao port in eastern China’s Shandong province on Dec. 4, 2024.Stringer | Afp | Getty ImagesThe imminent U.S. tariffs are likely to deal a significant blow to China’s already-faltering economy, reinforcing calls for more forceful stimulus measures to bolster the country’s growth.U.S. President Donald Trump on Saturday followed through on a threat made after his presidential victory, imposing 10% tariffs on Chinese goods, starting Tuesday, over Beijing’s alleged failure to prevent the flow of fentanyl into the U.S.The blanket 10% tariffs will be levied on top of the existing tariffs of up…
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.Michael M. Santiago | Getty ImagesPepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America for the fifth straight quarter.Shares of the company dropped more than 2% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.96 adjusted vs. $1.94 expectedRevenue: $27.78 billion vs. $27.89 billion expectedPepsi posted fourth-quarter net income attributable to…
Analysts liked what they heard from Palantir after the software company reported another strong quarter and issued rosy guidance. Several analysts raised their price targets and Morgan Stanley capitulated on its sell rating and upgraded the stock. The software platforms company reported revenue expansion of 36% in the fourth quarter, while CEO Alex Karp lauded its use of artificial intelligence to foster growth. The company’s earnings per share also topped analyst expectations. For the full year, Palantir expects sales in the range of $3.74 billion to $3.76 billion, while analysts polled by LSEG forecast $3.52 billion. Shares surged more than…
Sopa Images | Lightrocket | Getty ImagesMerck on Tuesday issued full-year 2025 revenue guidance that fell short of Wall Street’s expectations, as the company temporarily paused shipments of a key vaccine into China. Shares of Merck fell more than 7% in premarket trading Tuesday.The pharmaceutical giant anticipates 2025 sales of $64.1 billion to $65.6 billion, lower than the $67.31 billion that analysts surveyed by LSEG had expected. In a release, the company said that sales range reflects a decision to halt shipments of Gardasil into China beginning in February through and going through at least mid-2025. Gardasil is a vaccine that prevents…
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts’ expectations.Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.19, adjusted vs. $1.12 expectedRevenue: $8.37 billion vs. $8.26 billion expectedFor the first quarter, PayPal expects adjusted earnings per share of $1.15 to $1.17, which is higher than the average analyst estimate of $1.13. Earnings for the year will come in at $4.95 to $5.10 a share, topping the $4.90 average estimate, according to LSEG. PayPal also announced a new $15 billion…
An international panel of 14 neonatal and pediatric specialists on Tuesday raised grave doubts about the evidence used to convict the British nurse Lucy Letby, who was found guilty in 2023 of murdering seven babies at the hospital where she worked.In a dramatic news conference in London, the chair of the panel, Dr. Shoo Lee, a Canadian neonatologist, said that the extensive independent review he chaired had found no evidence that Ms. Letby had murdered or attempted to murder any of the babies in her care.He also highlighted damning findings pointing to serious errors in medical care at the unit…
Alex Bouaziz, CEO and co-founder of Deel, onstage at the Collision 2022 conference at Enercare Centre in Toronto, Canada.Vaughn Ridley | Sportsfile | Getty ImagesHuman resources software firm Deel said it has hit an annual revenue run rate of $800 million and is ramping up preparations to go public with a view to IPO as early as next year.The startup, which aims to simplify the process of hiring, paying and managing employees remotely, told CNBC that it hit the milestone after a 70% year-over-year bump in revenue in December. A revenue run rate is an estimation of a company’s future…
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | ReutersPfizer on Tuesday reported fourth-quarter earnings and revenue that beat estimates as sales of the company’s Covid products topped expectations and cancer drugs from its acquisition of Seagen boosted revenue.Here’s what the company reported for the fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 63 cents adjusted vs. 46 cents expectedRevenue: $17.76 billion vs. $17.36 billion expectedThe results cap off a critical…
Grab Holdings could be due for a recent bout of weakness, according to HSBC. The firm upgraded the Singapore-based ride sharing and food delivery application developer to buy from hold, albeit with a lowered price target of $5.45 per share from $5.50. HSBC’s forecast still calls for 20% upside from Monday’s close. Analyst Piyush Choudhary highlighted Grab’s ability to innovate in key markets and its potential growth initiatives that can help the firm expand its total addressable market. GRAB 1Y mountain Grab Holdings stock. “We continue to think Grab should be able to strengthen its leadership position in key categories…
