Summary: Nvidia Corp. has not reported earnings yet, but their shares rose on Monday following positive earnings reports from other tech giants. Analysts are optimistic about Nvidia's potential based on increased spending on AI gear by big customers like Meta Platforms Inc., Microsoft Corp., Amazon.com Inc., and Alphabet Inc.
Full articleSummary: Nvidia and Alphabet's Intrinsic team up to integrate Nvidia's AI and Isaac platform technologies for autonomous robotic manipulation, focusing on autonomous grasping for industrial automation. The collaboration aims to make robotic tasks more efficient and scalable with the use of simulation, AI, and synthetic data.
Full articleSummary: Alphabet X spinout Intrinsic collaborates with Nvidia to incorporate Isaac Manipulator into its Flowstate robotic app platform for grasping objects, as well as working with DeepMind on pose estimation and path planning.
Full articleSummary: The US Department of the Treasury will be auctioning $125 billion of notes and bonds this week with analysts evaluating the Federal Reserve's rate pause through bond market activity. PIMCO's Michael Cudzil advises adding duration to portfolios and focusing on the five to seven-year point of the yield curve.
Full articleSummary: Texas Instruments (TXN) had its Relative Strength (RS) Rating upgraded to 74 from 69, still below the desired threshold of 80.
Full articleSummary: Lithuania's tobacco regulator is challenging Philip Morris's assertion that its iQOS device is an electronic product and should not be regulated like tobacco, potentially setting a precedent for other regulators; Philip Morris risks facing a fine if found guilty of breaching Lithuanian advertising law; U.S. senators have called on the FDA to reject Philip Morris's application to market the iQOS as less risky than cigarettes.
Full articleSummary: Tesla has initiated another round of layoffs, with employees across various departments receiving termination notices, including software, service, and engineering roles. This comes after CEO Elon Musk previously fired the head of charging and her team. The layoffs are attributed to the company's restructuring for future growth and recent financial underperformance due to lower vehicle deliveries.
Full articleSummary: Microsoft is training a new, in-house AI language model called MAI-1 to compete with Google and OpenAI, overseen by Mustafa Suleyman. They are setting up servers with Nvidia GPUs and large data clusters for this model.
Full articleSummary: Eli Lilly and Company (NYSE: LLY) declared a dividend of $1.30 per share for the second quarter of 2024, payable on June 10, 2024.
Full articleSummary: Broadcom Inc. is heavily focusing on AI, expecting significant revenue growth from this sector, which has already led to a surge in AVGO stock price. Despite the optimism, AVGO stock is considered expensive by analysts. Investors are advised to wait for a possible entry opportunity between $800 to $1,000 level.
Full articleSummary: Eli Lilly and Company's board of directors has declared a dividend for the second quarter of 2024 of $1.30 per share on outstanding common stock.
Full articleSummary: Disney stock (DIS) is expected to make a significant move following its earnings report, with options traders betting on a 6% move. The stock has been volatile in recent quarters, particularly after its first-quarter earnings release when it surged 11.5%. Disney's 'Experiences' segment, which includes theme parks, resorts, vacations, and merchandising, is a key contributor to revenues and profits. Options market implies a low probability of profit for buying $120 strike calls expiring this Friday.
Full articleSummary: NextEra Energy Partners, LP announces organizational changes with the appointment of Brian Bolster as CFO, succeeding Kirk Crews. Kirk Crews is appointed to a new senior leadership role at NextEra Energy. Both appointments are effective immediately.
Full articleSummary: NextEra Energy Partners (NEP) saw its share price drop after management revised growth guidance, but the company continues to offer a high yield of 11.5% with expectations of 5-8% distribution growth. NEP is focusing on paying off obligations, upgrading existing assets, and generating more electricity to increase profits.
Full articleSummary: Apple Inc. is showing positive momentum with strong results and expansion of non-iPhone products, Linde plc is positioned well in the industrial gas market with long-term contracts, and Comcast Corporation is benefiting from a growing wireless subscriber base and streaming service, Peacock.
Full articleSummary: The Federal Reserve decided to leave interest rates unchanged after the May FOMC meeting, causing US equity markets to see gains. Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus warns of potential volatility as the Fed delays cutting rates.
Full articleSummary: PayPal Holdings (NASDAQ: PYPL) is a fintech company with 427 million active accounts processing over $400 billion in payments during Q1 2024. Despite revenue growth of 25% over the past three years, the company's profit has remained flat, mainly due to the expansion of its Braintree services.
Full articleSummary: A federal judge in Massachusetts overturned a $176.5 million jury verdict for Teva Pharmaceutical against Eli Lilly regarding patents related to migraine drugs.
Full articleSummary: Indian equity markets witnessed a sharp decline due to profit booking and selling pressure from FIIs, leading BSE Sensex to crash by 0.98% and NSE's Nifty50 to tumble by 0.76%. Analysts recommend buying Shree Cement, NHPC, and Blue Dart Express stocks ahead of Monday's trading session.
Full articleSummary: Nike teases a new alien logo for Spurs rookie Victor Wembanyama and releases a new ad featuring a fan and his Air Zoom G.T. Hustle 2 shoes, inspired by Wembanyama's 'Alien' nickname.
Full articleSummary: Bank of America investment banking executive has passed away, the cause of death is unknown.
Full articleSummary: The Coca-Cola Company announced a five-year partnership with Microsoft to leverage cloud computing and AI services, committing $1.1 billion towards this initiative. By integrating AI into its marketing campaigns, Coca-Cola aims to evoke sensory delight and emotional connection with its audience. The company introduced an AI-driven musical app, 'Coke SoundZ,' delivering uplifting sounds of its Zero Sugar soda.
Full articleSummary: Investors are showing interest in Microsoft (MSFT) stock as recommended by Motley Fool Stock Advisor, which has a positive impact on the stock.
Full articleSummary: Ford has filed a patent for a retractable frunk-mounted screen to enhance tailgating experiences in their EVs like Mustang Mach-E and F-150 Lightning.
Full articleSummary: The Coca-Cola Company announced a five-year partnership with Microsoft to utilize Microsoft's cloud computing and AI services, committing $1.1 billion towards this initiative. Coca-Cola has successfully integrated AI into its marketing campaigns, launching initiatives like the 'Create Real Magic' campaign and introducing the 'Coke SoundZ' musical instrumental app. By leveraging AI technology, Coca-Cola aims to create enhanced and personalized fan experiences, evoking sensory delight and emotional connections with its audience.
Full articleSummary: Barclays analyst Jason Goldberg maintained a Hold rating on Citigroup with a price target of $63.00, while the street suggests a Moderate Buy consensus with a $67.60 target. Citigroup reported quarterly revenue of $21.1 billion and net profit of $3.37 billion.
Full articleSummary: 1. Tesla CEO Elon Musk announced that buyers of the Standard Range Model Y can pay $1,500 to $2,000 to unlock an extra 40-60 miles of range, following a similar strategy used in the past with other Tesla models. 2. Lucid Motors is facing concerns over its cash burn and softening electric vehicle market ahead of its first-quarter earnings report, with the company reporting a significant net loss in 2023. 3. The Biden administration is providing $100 million to small and medium-sized auto parts suppliers and manufacturers to transition to electric vehicles, part of a larger effort to support the EV industry.
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