Shopify Inc. (NYSE:SHOP) Is Maintained at Outperform by RBC Capital
Shopify Inc. (NYSE:SHOP) Is Maintained at Outperform by RBC Capital。
Shopify Inc. (NYSE:SHOP) Is Maintained at Outperform by RBC Capital Read Post »
Technology
Snap (NYSE:SNAP): Surpassed 750 million monthly active users
Snap (NYSE:SNAP) CEO Evan Spiegel said Thursday that the company’s Snapchat product surpassed 750 million monthly active users, up from 600 million in April 2022 and 500 million in April 2021. The company made the announcement at its investor day.
Snap (NYSE:SNAP): Surpassed 750 million monthly active users Read Post »
Bank of America: Nvidia (NASDAQ:NVDA) will benefit from the generative AI race with a price increase to $255
Bank of America analyst Vivek Arya raised its price target on Nvidia (NASDAQ:NVDA) to $255 from $215 and maintained a “buy” rating. Nvidia’s full-stack acceleration chips, systems, software and developers put it in a unique lead in the emerging generative artificial intelligence (AI) race, the analyst said. Bank of America’s new model predicts that NVIDIA’s sales and earnings per share will grow at compound annual growth rates of 25% and 34%, respectively, through 2027, as the adoption of generative AI triples the addressable market size for AI accelerators.
TSMC (NYSE:TSM): Buffett’s Berkshire Hathaway sold 86% of its TSMC holdings in Q4
TSMC (NYSE:TSM): Buffett’s Berkshire Hathaway sold 86% of its TSMC holdings in Q4.
TSMC (NYSE:TSM): Buffett’s Berkshire Hathaway sold 86% of its TSMC holdings in Q4 Read Post »
Palantir Technologies (NYSE:PLTR) had revenue of $508.6 million in Q4 2022, versus analyst expectations of $522.2 million
Palantir Technologies (NYSE:PLTR) had Q4 2022 EPS of $0.04 versus analyst expectations of $0.029. Fourth-quarter revenue was $508.6 million, compared with analysts’ expectations of $522.2 million. Adjusted EBITDA for the fourth quarter was $121.6 million, versus analysts’ expectations of $86.4 million. Adjusted operating profit for the fourth quarter was 22% and adjusted free cash flow was $75.8 million. First-quarter revenue is expected to be $503-$507 million, compared with analysts’ expectations of $522.2 million.
Micron Technology (NASDAQ:MU) announced a pay cut of up to 20% for top executives and a suspension of bonuses
Micron Technology (NASDAQ:MU) said its board committee approved a reduction in the annual base salary of some executives in fiscal year 2023 and the suspension of bonuses for all executives. The pay cut will expose CEO Sanjay Mehrotra to a 20 percent pay cut, with a 15 percent cut for the executive vice president and a 10 percent cut for the senior vice president.
ON Semiconductor has completed the acquisition of Globalfoundries Inc.’s 300mm East Fishkill New York plant and manufacturing facility
ON Semiconductor has completed the acquisition of Globalfoundries Inc.’s 300mm East Fishkill New York plant and manufacturing facility. The transaction adds more than 1,000 world-class technicians and engineers to ON Semiconductor and is part of the company’s fab restructuring around the world.
UBS: Maintain Alphabet (NASDAQ:GOOGL) Buy rating with a $120 price target
UBS analyst Lloyd Walmsley told investors in a research note that Alphabet’s (NASDAQ:GOOGL) “Google Paris Live” event was disappointing because Google failed to respond directly to Microsoft’s integration of ChatGPT into Bing Search, which fully shows Google’s current dilemma. UBS said Google could launch a robust product in generative AI and augment existing products with its leading technology, but may need more training before expanding its model broadly.
UBS: Maintain Alphabet (NASDAQ:GOOGL) Buy rating with a $120 price target Read Post »
TSMC (NYSE:TSM): January 2023 sales revenue of approximately NT$200.05 billion, up 3.9% MoM
TSMC (NYSE:TSM) announced that sales revenue in January 2023 was approximately NT$200.05 billion, up 3.9% month-on-month and 16.2% year-on-year.
Microsoft (NASDAQ:MSFT) has disbanded the Industrial Metaverse Applications team
According to a person with direct knowledge of the matter, Microsoft (NASDAQ:MSFT) has disbanded the four-month-old metaverse application team that aims to help customers use the metaverse in an industrial setting. The person said that all about 100 employees of the team have been laid off.
Microsoft (NASDAQ:MSFT) has disbanded the Industrial Metaverse Applications team Read Post »
Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating
According to a report by Jefferies, Microsoft (NASDAQ:MSFT) uses OpenAI’s next-generation language model to release artificial intelligence updates to search engines Bing and Edge, and it is expected that search improvements will help long-term advertising revenue. However, the bank mentioned that it will take time to push users to use Bing again, and Microsoft needs to pry advertisers away from Google, so it only regards such updates as the tip of the iceberg of the group’s artificial intelligence capabilities, and believes that there will be the greatest opportunity in enterprise applications. Jefferies raised its price target on Microsoft to $310 from $275 and maintained its Buy rating.
Jefferies: Raised Microsoft’s (NASDAQ:MSFT) price target to $310 with a Buy rating Read Post »
Snap (NYSE:SNAP) said its “internal forecast” is that revenue will decline 2% to 10% in Q1 2023
Snap (NYSE:SNAP) said its “internal forecast” is that revenue will decline 2% to 10% in the first quarter of 2023, significantly lower than the market expectation of 1.48% year-over-year growth, which is also the first time Snap has predicted a decline in quarterly results.