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The tech giant is having a tough year, as it has not responded to the AI progress of its rivals and its lack of innovation hurts its growth, which in turn creates headwinds for the stock
The EV startup unveiled three impressive smaller and more affordable electric vehicles, which will be crucial for its future and the expansion of its customer base
Apple stock has had a tough start to the year and is down close to 9% for the year-to-date. Technically, it is approaching an important support level at $165 (green horizontal line). Its trend-following indicators are in bear mode with the green 5-week EMA below the orange 10-week EMA. Moreover, the momentum is biased to the downside with Apple’s weekly RSI below 50 (green rectangle). The longer it stays below…
NGAS post a recovery this week, as major drillers slash production outlook and the International Energy Agency forecasts an acceleration in demand
A year after the SVB collapse, NYCB sustains fears around regional banks after disclosing “material weaknesses” in its internal controls, not long after it had posted a surprising Q4 net loss
The tech-heavy index continued its advance as markets cheered the slight moderation in PCE inflation and sustained AI optimism with C3.ai jumping on Thursday
A memo went out on Tuesday evening where Google CEO Sundar Pichai addressed the company’s artificial intelligence blunders. This follows Google taking its Gemini image-generation feature offline to test.
Revenues grew and losses narrowed in 2023, according to 2023 report, but the British luxury car maker is behind key competitors in electrification and postponed its first BEV
Apple has abandoned its electric vehicle project in favour of a more concentrated effort on developing generative AI.
The SPX500 is overbought as per its weekly RSI (green rectangle), largely due to the artificial intelligence narrative. In this regard, some of the index’s top constituents by market capitalisation, not surprisingly, are also overbought, contributing to the overall heat of the index. Examples include Meta, NVidia, and Amazon.com amongst others.
The EV startup has been turning the corner against an adverse external environment, but its latest results and guidance that it will produce fewer EVs in 2024 compared to last year, spark fresh concerns
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