Summary: Palantir (PLTR) CEO Alex Karp confidently stated that the company crushed Q1 in the U.S., reporting a 21% increase in revenue and raising annual revenue expectations. Analysts have mixed opinions, with some seeing a selloff due to U.S. commercial revenue growth deceleration, while others view the drop as a buying opportunity. Wall Street analysts have adjusted their price targets for PLTR, with some acknowledging Palantir's strong performance and AI capabilities, while others express concerns about sustainability of growth and margins.
Full articleSummary: Researchers have discovered two novel attack methods targeting high-performance Intel CPUs that could be exploited to stage a key recovery attack against the Advanced Encryption Standard (AES) algorithm. The techniques, collectively dubbed Pathfinder, allow attackers to read and manipulate key components of the branch predictor, enabling attacks like reconstructing program control flow history and launching high-resolution Spectre attacks. The research reveals vulnerabilities in the Path History Register (PHR) in the branch predictor leading to potential data leakage and Spectre-style exploits.
Full articleSummary: JPMorgan's CEO criticizes public blockchains for not being suitable for large transactions, advocating for a Unified Ledger system. Despite this, traditional financial institutions are shifting towards tokenizing assets on public blockchains, as seen with BlackRock's $100 million tokenized BUIDL fund on Ethereum network.
Full articleSummary: The United States has revoked licenses that allowed Intel and Qualcomm to buy and sell chips to Huawei Technologies, impacting chips used for computers and mobile phones, effective immediately.
Full articleSummary: Citigroup sold shares of Vodafone Idea for over Rs 233 crore through an open market transaction. Ghisallo Master Fund LP acquired shares at the same price. Vodafone Idea stock jumped 2.67% to close at Rs 12.71 per piece on the BSE.
Full articleSummary: Oscar Mayer, a brand under Kraft Heinz Co., is introducing a new line of hot dog products called Stuffed Dogs, which come in cheese, chili cheese, and jalapeño cheddar varieties. These products aim to meet consumer demands for bold and unique flavors and are being distributed nationwide in eight-count packages.
Full articleSummary: Citigroup is acquiring a minority stake in Cicada Technologies, a trading platform focused on Mexican government fixed-income securities, to enhance electronic trading efficiency.
Full articleSummary: Value-focused investors are eyeing Charter Communications Inc (CHTR, Financial) due to recent fluctuations in its stock price and a fair valuation indicated by the GF Value metric. However, the low Altman Z-score raises concerns about potential financial distress, highlighting the complexity of Charter's financial health.
Full articleSummary: IBM is expanding its software portfolio globally to 92 countries in AWS Marketplace, including 18 African countries. The expansion aims to provide clients with more access to IBM's artificial intelligence (AI) and data technologies.
Full articleSummary: Ford executive warns that net zero targets could lead to fewer petrol car sales in the UK, potentially driving up prices for drivers, similar to Vauxhall owner's warning. Uptake of electric vehicles is lagging behind the set targets, with the Society of Motor Manufacturers and Traders forecasting a diminishing market share for EVs.
Full articleSummary: Pilgrim’s Pride (PPC) rated as Zacks Rank #1 with strong financial performance and outlook, with consistent earnings beats and positive growth sentiment. CVS Health (CVS) on the other hand, rated as Zacks Rank #5 with disappointing recent earnings miss, revised outlook, and downward trend in estimates.
Full articleSummary: Raytheon's RTX business launched two next-generation imaging instruments as part of Maxar's WorldView Legion satellites, providing diverse high-resolution visual data in real time for applications across multiple sectors.
Full articleSummary: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) announced its first dividend, but more importantly, had a phenomenal quarter with revenue up 15% year over year to $80.5 billion and earnings per share up 62% to $1.89. Its various divisions such as advertising, YouTube, Google subscriptions, platforms, devices, and Google Cloud all showed impressive results. The stock jumped nearly 10% following the earnings report.
Full articleSummary: Microsoft is criticizing Intel and AMD over AI PCs, calling the whole AI PC hype a joke and a way for Microsoft to shift costs to users. The hype surrounding AI PCs is seen as out of control, with YouTube influencers buying into it.
Full articleSummary: Ukraine warns of possible power shutdowns due to Russian missile and drone attacks on energy infrastructure triggering warnings of blackouts and electricity rationing, Russia's forces have taken control of two more frontline villages, intensifying attacks on land and air, Kyiv has created a task force to overcome consequences of Russian energy terror
Full articleSummary: Costco (COST) stock performance is being watched closely by investors. The company is expected to post positive earnings growth and revenue growth in the near term. Costco is currently rated Zacks Rank #3 (Hold) with a valuation indicating it is trading at a discount to its peers.
Full articleSummary: Cisco announced new AI-driven capabilities for self-hosted observability deployments, enabling automatic anomaly detection, root cause analysis, application security, and SAP monitoring. New offerings include AI-powered detection and remediation, application security features, and resilience for SAP landscapes.
Full articleSummary: Meta Platforms (NASDAQ: META) stock lost 12% in April after the company reported strong first-quarter earnings but indicated increased capital expenditures and expenses for the year, leading to a sell-off.
Full articleSummary: Cisco announced new AI-driven capabilities for self-hosted observability deployments, enabling automatic anomaly detection, root cause analysis, application security, and SAP monitoring. The innovations aim at improving application performance, security vulnerabilities detection, and resiliency in SAP landscapes.
Full articleSummary: Microsoft (MSFT) is set to invest $3.3 billion to build AI infrastructure and training programs in Wisconsin. President Joe Biden will make the announcement with Microsoft president Brad Smith on Wednesday.
Full articleSummary: Zacks Research reduced their Q2 2024 EPS estimates for United Parcel Service. Various brokerages have issued reports on UPS, with average target price of $165.23. The stock has a current rating of 'Hold'.
Full articleSummary: The U.S. dollar strengthened against a basket of currencies as several Fed officials are set to speak about interest rates. German economy struggles with industrial production decline. Yen weakens despite intervention talk in Asia.
Full articleSummary: President Biden will champion a new Microsoft artificial intelligence investment in Wisconsin, showcasing the failed economic commitments of Donald Trump regarding the Foxconn plant.
Full articleSummary: Nine Energy Service, Inc. (NYSE:NINE) discussed their Q1 2024 earnings during the earnings call. They reported stable revenue, increased EBITDA, and significant growth in coiled tubing work driven by demand in the Permian region. They anticipate activity declines in natural gas levered basins for Q2, expecting lower revenue and EBITDA compared to Q1.
Full articleSummary: Three insurance companies - Zurich American Insurance, Liberty Mutual Insurance, and Great American Insurance - have rejected Chevron's $57 million claim over the seizure of an oil cargo by Iran. The cargo was not covered under either Chevron's marine cargo or war risks policies.
Full articleSummary: Tesla shares are sinking following reports of DOJ investigating the company for securities and wire fraud related to its self-driving claims.
Full articleSummary: JPMorgan Chase & Co has cut hundreds of mortgage employees but plans to hire more than 500 bankers catering to small businesses through 2024.
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