Nvidia stock moved higher early Wednesday as investor concerns about disruptions to the company’s supply chain began to fade. Nvidia stock rose about 0.5% to $186.25 in early trading after gaining 1.2% in the previous session. The broader market also edged higher as investors assessed comments from Donald Trump suggesting that the conflict involving Iran […]
Famed investor Jim Cramer says it’s hard to see Campbell’s (NASDAQ: CPB) Q2 earnings release and believe it’s still the great American company it once was. On Wednesday, the canned food specialist posted 51 cents a share of earnings on a 5% sales decline to $2.56 billion – both below consensus. Compounding the pain, its […]
Elon Musk on Wednesday unveiled a new artificial intelligence project developed jointly by Tesla and the startup xAI that he said could emulate the functions of software companies. In a post on social media platform X, Musk described the project as “Macrohard” or “Digital Optimus,” a system that pairs xAI’s Grok large language model with […]
Papa John’s (NASDAQ: PZZA) is ripping higher on Wednesday after reports surfaced that a Qatari-backed fund – Irth Capital – has submitted a formal bid to take it private. According to sources familiar with the matter, the fund is willing to pay $47 per share for PZZA – an exciting 50% premium over its previous […]
Shares of Oracle surged after the company reported stronger-than-expected fiscal third-quarter results. Oracle reported adjusted earnings per share of $1.79 for the quarter, beating Wall Street expectations of $1.70 and rising from $1.47 in the same period a year earlier. Revenue reached $17.2 billion, ahead of the consensus estimate of $16.9 billion and representing a […]
Nebius Group (NASDAQ: NBIS) rallied nearly 15% on Wednesday after the artificial intelligence (AI) infrastructure company received a massive $2 billion follow-on investment from Nvidia. The agreement ostensibly accelerates NBIS’s goal to become the premier European “AI factory”, yet a closer look reveals a circular capital flow that may be inflating the firm’s valuation. A […]
Tesla stock (NASDAQ: TSLA) rose 2.8% in intraday trading on Wednesday, climbing as high as $416.38 from Tuesday’s close of $399.24. The rally came as the investors reacted to a mix of supportive catalysts, including stronger China sales data, cooling US inflation, and renewed optimism around AI-related stocks. While the gains reflect improved sentiment around […]
House Majority Leader Steve Scalise, R-La., is hammering Democrats over the partial government shutdown as its effects begin to hit millions of travelers at airports across the country. ‘This is expected to be one of the busiest spring travel seasons on record. Over 171 million travelers are estimated to fly in the coming weeks, and […]
The Food and Drug Administration (FDA) rolled out a new platform, backed by artificial intelligence, that will streamline publicly accessible reporting of negative or unexpected health effects linked to medicines, vaccines, cosmetics, animal food and other consumer products. The FDA Adverse Event Monitoring System (AEMS) began operation Tuesday and will consolidate outdated systems used to […]
In a sharp break from his long-standing defense of the Senate filibuster, Sen. John Cornyn, R-Texas, urged Republicans Wednesday to enact ‘whatever changes’ necessary to send a Trump-backed voter ID bill to President Donald Trump’s desk before November’s midterm elections. Cornyn, who is locked in a fierce runoff against Texas Attorney General Ken Paxton, is […]