Jefferies positive on Alphabet's new CFO, sees potential for stronger returns

Nvidia shares edge higher premarket after AI chipmaker's market cap tops $3 trn

June 6, 2024 6:04 AM EDT

Investing.com -- Shares in Nvidia (NASDAQ: NVDA) ticked higher in premarket trading on Thursday, pointing to an extension to a rally in the prior session that saw the artificial intelligence chip designer top $3 trillion in market capitalization and overtake iPhone-maker Apple (NASDAQ: AAPL) as the world's second most valuable... More

Goldman's 10 industry themes for 2024 - Part 2

June 6, 2024 4:35 AM EDT

Investing.com - The quarterly earnings season has largely ended, and Goldman Sachs has taken this opportunity to revisit its top 10 investing themes for 2024, and the stocks in focus in conjunction with these themes. The first five topics can be seen here, and these are the final five themes:

Cloud computing return to normal

Investors have been gaining greater confidence in the ability of certain headwinds to cloud revenue growth over the past... More

Futures muted, Nvidia's market cap jumps above $3 trillion - what's moving markets

June 6, 2024 4:31 AM EDT

Investing.com -- U.S. futures were muted following a rally in both the S&P 500 and Nasdaq Composite on Wednesday. Nvidia's (NASDAQ: NVDA) market capitalization soars above $3 trillion, as the artificial intelligence chip designer becomes the world's second most valuable company. Lululemon Athletica (NASDAQ: LULU) posts better-than-anticipated first-quarter results, sending shares in the athleisure group higher in after-hours trading.

1. Futures muted

U.S. stock futures... More

Alphabet names Eli Lilly's Ashkenazi as its new CFO

June 5, 2024 8:35 AM EDT

Alphabet (NASDAQ: GOOGL) has appointed Anat Ashkenazi as its new chief financial officer (CFO), bringing on board a seasoned executive with two decades of experience at Eli Lilly (NYSE: LLY).

Ashkenazi will assume the role of CFO and... More

Alphabet (GOOGL): Anat Ashkenazi to Join Google and Alphabet as Chief Financial Officer

June 5, 2024 7:57 AM EDT

Alphabet Inc. (NASDAQ: GOOG; GOOGL) today announced that Anat Ashkenazi, currently Executive Vice President and Chief Financial Officer at Eli Lilly and Company, will join its management team as Chief Financial Officer and Senior Vice President of Google and Alphabet, effective July 31, 2024.

The company had previously announced in July 2023 that Ruth Porat was commencing a new role as President & Chief Investment Officer of Alphabet and Google. She will continue as CFO until Anat starts, including through the companys Q2 earnings.

Anat Ashkenazi is the... More

Alphabet names Lilly executive Anat Ashkenazi as CFO

June 5, 2024 7:56 AM EDT

By Yuvraj Malik and Bhanvi Satija

(Reuters) -Alphabet named Anat Ashkenazi as its chief financial officer on Wednesday, turning to a top executive from drugmaker Eli Lilly to help steer the Google parent in the generative artificial intelligence era.

Ashkenazi's departure from Lilly was announced earlier in the day. At Alphabet, she will succeed Ruth Porat, the company's longtime CFO whose transition to the role of investment chief was unveiled in July 2023 after years of strong growth.

The executive change comes at a crucial time for Alphabet, which is investing billions of dollars in AI to... More

Crypto miners become acquisition targets amid race for power capacity

June 5, 2024 7:20 AM EDT

Investing.com -- Crypto miner Core Scientific Inc (NASDAQ: CORZ) has inked a 12-year agreement with AI hyperscaler CoreWeave to host CoreWeave's GPUs, drawing as much as 200MW of power. The deal is expected to generate $3.5 billion in revenue, roughly $290 million annually, for Core Scientific. 

In a separate move, CoreWeave offered to acquire Core Scientific for $5.75 per share, valuing the company at $1.6 billion, or nearly $2 million per MW of power capacity. In comparison, the 14 listed... More