Microsoft Opens Up Some Xbox Games as Rival PS5 Hits Record Sales
The tech giant announced a new gaming strategy that leans on content and brings Xbox titles to other companies’ consoles, as rival PlayStation5 reached new records
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The tech giant announced a new gaming strategy that leans on content and brings Xbox titles to other companies’ consoles, as rival PlayStation5 reached new records
Coinbase Global (COIN.us) reported results after yesterday’s close, posting well above Wall Street expectations. Revenue was $954m and EPS was $1.04. Expectations according to FactSet was for 2 cents per share in earnings and revenue of $826m.
The Japanese behemoth sold more than 8 million consoles in Q3 FY2023 (Q4 calendar quarter), hitting new records, but lowered its full year guidance
Nvidia CEO Jensen Huang, at the World Government Summit in Dubai, said that shifts to accelerated computing are likely to continue and that countries need to build on their AI infrastructure. In an interview Huang said that “There’s about $1 trillion worth of installed base of data centres around the world. And over the course of the next four or five years we’ll have $2 trillion worth of data centres…
The price of ARM Holdings shares jumped following its earnings release. For the December quarter, the company reported $824m in revenue, which crushed expectations of $726m. Adjusted EPS were 29 cents versus consensus of 25 cents.
The media giant posted solid results with continuing improvement in its streaming financials, announced a dividend hike and shared more details on its plans to take ESPN direct to consumer
The SPX500 weekly chart has moved into overbought territory with its RSI above 80 (green rectangle). This comes as the index nears the 5,000 level. Round numbers often prove to be psychological resistance areas, and this may be the case given the index’s frothy indications. I.e. a pullback over the coming weeks is a distinct possibility.
Losses on Ford’s EV segment more than doubled last year and the company strengthens its focus on hybrids
Palantir (PLTR.us), the maker of defensive software, surged close to 31% yesterday after the company beat Q4 earnings expectations, with the stock closing at $21.87. This is the company’s largest one day percentage gain on record. In the past the market had concerns about future deals with the government, but this has been overlooked with the market positively receiving the company’s success in its commercial deals for its analytics software.
The three media giants announced an agreement to combine their sports offerings into a new streaming service, in a move that could shape the streaming market, as sports programming is becoming increasingly important
Watch today’s US Open for insights on the EUR/USD fall from the reserved Fed and the strong NFPs, Meta’s blockbuster results, renewed regional banking fears and more
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