General News

As anticipation mounts ahead of Palantir Technologies (NYSE: PLTR)' earnings report scheduled for today after the close, investors and analysts alike are eagerly awaiting insights into the company's performance and future trajectory. 

Palantir, a leading data analytics firm, has garnered significant attention in recent years, both for its technologies and its fluctuating stock performance.

The stock is up more than 5% so far on Monday. Here's what analysts expect: 

An... (continue reading...)

Investing.com -- Chipmaker Advanced Micro Devices (NASDAQ: AMD) is likely to see revenue and post-tax profit improve in the second half of 2024 thanks in part to a ramp-up in demand for its MI300X artificial intelligence processors, according to analysts at Phillip Securities.

Wall Street has soaring expectations for AMD's AI ambitions, particularly in the wake of the success of rival Nvidia's (NASDAQ: NVDA) semiconductors that have become integral in a recent boom of... (continue reading...)

(Reuters) -Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its focus towards the AI chips market.

Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers.

Synopsys CEO Sassine... (continue reading...)

Oppenheimer analysts said in a note Monday that better-than-expected Q1 S&P 500 earnings and the recent pullback in stock prices brought P/E multiples of several key US benchmarks back to attractive levels. 

The investment firm notes that with four-fifths (401 firms or 80%) of the companies in the S&P 500 index having reported Q1 results, earnings are up 5% overall on the back of 4.2% revenue growth.

"Of the 11 sectors, eight show positive earnings results with three... (continue reading...)

US stocks ended last week on a high note after a weaker-than-expected April jobs report boosted optimism that the Federal Reserve could soon lower interest rates.

The Dow Jones Industrial Average soared by 450.02 points, or 1.18% on Friday, closing at 38,675.68. The S&P 500 jumped 1.26% to 5,127.79, marking its strongest day since February. Meanwhile, the Nasdaq Composite climbed 1.99%, finishing at 16,156.33.

All major indices ended the week with gains. The Dow rose... (continue reading...)