Techno Blender
Digitally Yours.
Browsing Tag

stock

Rivian (RIVN) stock hits all-time low after downgrade, job cuts

After disappointing fourth-quarter results, Rivian (RIVN) stock earned a double downgrade, sending share prices to an all-time low. Sitting at its lowest value since going public, the EV maker looks to gain control of costs in 2024. Q4 earnings miss the mark After releasing Q4 and full-year earnings results Wednesday, Rivian announced it was laying off 10% of its salaried employees. Rivian’s CEO RJ Scaringe explained on the company’s media call the move enables them “to maximize the amount of…

WBD stock price falls despite profit for Max streaming service

Warner Bros Discovery reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled a weak advertising market and the fallout of the twin Hollywood strikes on content generation.Shares of the company, forged by the union of WarnerMedia and Discovery, tumbled nearly 12%, even as it beat Disney and Paramount to an inaugural annual profit for the streaming business. Shares of Paramount fell more than 5%.The results highlight the challenges after the strikes by writers and actors paralyzed…

Carvana (CVNA) stock surges on 2023 profit, analyst upgrades

Vehicles are seen on a display at a Carvana dealership on February 20, 2023 in Austin, Texas.Brandon Bell | Getty ImagesCarvana shares surged 30% Friday morning after posting its first-ever annual profit and receiving a pair of upgrades by Wall Street analysts.The used-car retailer has been trimming inventory and expenses as it rebounds from the fall-off from a pandemic peak. After Covid drove increased demand for online car sales, the company's stock soared. But after that demand wore off, Carvana was forced to begin…

Reddit IPO stock listing date is approaching: Here’s the latest update

After reports earlier this week that Reddit is planning to allow 75,000 of its power users to buy its upcoming shares at its initial public offering (IPO) price, we now have more details about the platform’s plan to go public. That’s because yesterday the company published the prospectus for its public offering. Here’s what that prospectus does and doesn’t reveal.What we knowClasses of Reddit stock: The company will have three classes of common stock, each with different voting power. Class A shares entitle the holder to…

Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price

Beware the apes, Reddit told the world in its IPO documents, though not in such explicit terms. Put simply, the company warned potential investors that one of its subreddits, the infamous r/WallStreetBets, could make its stock price and volume extremely volatile—and there’s little Reddit can do about it.Robinhood App Lays Off 9% of StaffReddit listed r/WallStreetBets as one of the possible risks to investing in the company in its S-1 form on Thursday, referencing the subreddit’s role in the meme stock craze of 2021, where…

Intuitive Machines stock (LUNR) jumps after Odysseus moon landing

Intuitive Machines' Nova-C lunar lander on display at NASA's Marshall Space Flight Center.NASAShares of Intuitive Machines surged in premarket trading on Friday after the company's successful first moon landing.Intuitive Machines' cargo moon lander, "Odysseus," became the first privately developed spacecraft to land on the lunar surface on Thursday – as well as the first U.S. spacecraft to soft land on the moon in over 50 years.The Houston, Texas company confirmed that the IM-1 mission lander was standing upright and…

What Bubble? Nvidia Profits Are Rising Even More Than Its Stock

 Nvidia Corp.'s blowout earnings report lifted shares and assured the market that artificial intelligence mania is still going strong. It might also make the stock look cheaper.All eyes were on the chipmaker's guidance for signs about the strength of the AI market, and Nvidia didn't disappoint. With the numbers now in, bulls are swiftly calculating the stock's new price-to-earnings ratio, or how much investors are paying for future growth. “Some investors have been scared to buy because they think the stock is too…

Entrepreneurs’ stock losses bruise their businesses

Credit: Pixabay/CC0 Public Domain When a recession takes a bite out of an entrepreneur's personal stock portfolio, does that person's business suffer more than those of older and larger competitors? New research by Marius Ring, assistant professor of finance at Texas McCombs, finds a link between the wealth of small-business owners and the health of

Nvidia stock surge could put Jensen Huang in the top 20 richest people

Nvidia shares skyrocketed following the company’s breakaway earnings report Wednesday evening. Shares were 15% higher in mid-afternoon trading Thursday, climbing roughly $104 per share since yesterday afternoon, to around $778. And, as of last September, Huang owned 86.7 million shares of the company, making him the largest shareholder.At close of business Wednesday, Huang was worth $59.6 billion. Today’s spike should put him in the range of $68–$68.5 billion.As of 2:30 p.m. ET, that increase in Huang’s net worth has…

Nvidia stock: Nvidia stock surges as revenue forecast tops estimates, AI demand continues

Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours.The already-hefty demand for the company's data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia's silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its…