Shares

Utilities were the best performing sector of the S&P500 in Q3, largely fueled by the AI boom, but the new quarter leads to a pullback

The sportswear giant is having a bad year which reflect on the stock and the latest results reaffirmed the downside momentum, but turnaround plans could fuel further rebound

European automakers, including Stellantis, Aston Martin, and Volkswagen, issued profit warnings due to industry challenges and rising Chinese competition. This led to significant stock declines and concerns over prolonged sector weakness.

Micron Technology's robust earnings and revenue forecast, driven by strong AI demand, sparked a global surge in chip stocks. Major players like Samsung, SK Hynix, and European firms such as ASML saw significant gains. The rally reflects growing confidence in the semiconductor sector, particularly in AI-related products.

The central bank recently announced a 50 basis point rate cut, described as a “recalibration” to support economic strength and address labour market concerns. This move marks a shift from a focus solely on inflation to a broader aim of sustaining employment. Initial market reactions were mixed, but stocks rallied as investors viewed the cut as proactive rather than a response to economic decline. Recent improvements in unemployment figures, with…

Intel is at a crossroads, exploring major strategic shifts like splitting its design and manufacturing units and scaling back factory projects. After a severe stock drop and ongoing losses, CEO Pat Gelsinger has announced significant cost-cutting measures and the suspension of dividends. Despite challenges and a key board member’s resignation, Intel remains hopeful about its upcoming Lunar Lake product. The company’s next moves will be crucial for its recovery and…

Nvidia's upcoming earnings report is crucial, as its AI chip dominance and recent stock volatility could significantly impact market sentiment. Despite potential delays in its Blackwell chips, analysts remain confident in Nvidia's growth prospects, driven by strong demand for its current Hopper series. The company’s position in the AI infrastructure space keeps it well-placed against rising competition.

The tech giant posted revenue growth and expects this to continue in the current quarter, but sales in China contracted as headwinds persist

Amazon's latest financial report revealed a mixed performance, leading to an 8% decline in after-hours trading. The company's revenue for the quarter ending in June reached $148 billion, a 10% increase from the previous year, but slightly under analysts' expectations of $148.7 billion. Despite this, Amazon achieved a significant 94% rise in earnings per share, reaching $1.26, well above the forecasted $1.03. The Amazon Web Services (AWS) division continued to…

The Facebook and Instagram parent company reported strong results which justifies its AI splurge, calming broader market fears of excessive spending on the new technology

AMD exceeded expectations with strong Q2 results and a bullish forecast for AI GPU revenue, boosting its shares. Microsoft reported better-than-expected earnings and revenue but saw a slight shortfall in Azure growth. Both companies are investing heavily in AI to capture emerging market opportunities.