Author name: Beth Orozco

The U.S. Department of Justice is calling for Google parent company Alphabet (GOOG/GOOGL) to divest its Chrome browser after an antitrust ruling found the company has an illegal monopoly in online search. Chrome, which Alphabet launched in 2008, provides the search giant with data it then uses for targeted advertisements. The Justice Department said in […]

Shares of Snowflake (SNOW) are up 24% after the software company reported third-quarter financial results that beat Wall Street targets. The Bozeman, Montana-based company reported earnings per share (EPS) of $0.20 U.S., which was ahead of the $0.15 U.S. expected on Wall Street. Revenue in the quarter totaled $942 million U.S., which topped the $897

Nvidia’s (NVDA) third-quarter financial results beat Wall Street forecasts across the board as the chipmaker’s revenue and profits nearly doubled from a year earlier. The Silicon Valley-based company reported earnings per share (EPS) of $0.81 U.S., which was above analysts’ consensus expectation of $0.75 U.S. The profit was up 101% from a year ago. Revenue

xAI, the artificial intelligence (A.I.) start-up company led by Elon Musk, has been valued at $50 billion U.S. in its latest funding round. The company, which is involved in developing generative A.I., raised a total of $5 billion U.S. in its latest funding round based on a valuation of $50 billion U.S. The new valuation

After Target (TGT) posted quarter results on Wednesday, the stock dropped by 21.97%. ETF investors who hold the SPDR Staples Select, VanEcK Retail (RTH), or Invesco S&P 500 Equal Weight Consumers Staples (RSPS) have a meaningful exposure to TGT stock. Target reported a 1.1% Y/Y increase in revenue in Q3. For Q4, it expects to

Pharmaceutical giant Pfizer (PFE) has named company veteran Chris Boshoff its chief of research and development (R&D) as it looks to produce new prescription drugs. The appointment of Boshoff as head of R&D comes as Pfizer fends off activist investor Starboard Value. Starboard has accused Pfizer of running poor research and development operations and is

Cybersecurity firm Palo Alto Networks (PANW) has reported mixed financial results for this year’s third quarter. The Santa Clara, California-based company announced earnings per share (EPS) of $1.56 U.S., which beat the consensus forecast of $1.48 U.S. on Wall Street. However, revenue of $2.10 billion U.S. fell short of analyst estimates that called for $2.12

Snowflake (SNOW) will open up by around 20% on Thursday. The software company posted non-GAAP earnings per share of $0.20. Snowflake’s revenue increased by 28.3% Y/Y to $942.09 million. Investors are happy that the firm increased its fiscal year 2025 revenue forecast. Additionally, it announced it would acquire Datavolo. This accelerates its software offering for

Qualcomm (QCOM) lost 6.4% yesterday to close at $154.27. Investors did not respond well to the company’s updates provided at its Investor Day. Qualcomm is performing well in the IoT and Automotive markets. It could pivot its business out of smartphones by the end of this decade. In the near term, Apple (AAPL) modems could

When Nvidia (NVDA) posted quarterly results after markets closed yesterday, shares initially closed down by over 4%. Today, shares may trade slightly lower while semiconductor suppliers in the artificial intelligence market may fare worse. Nvidia reported an EPS of $0.81 on revenue of $35.08 billion, up by 93.6% Y/Y. Data center revenue topped $30.8 billion,