QuantumScape (QS) stock is under immense pressure on July 23 after the solid-state lithium metal batteries specialist posted earnings for its second financial quarter. While the company technically beat bottomline estimates on paper, a deeper dive into the quarterly release reveals a few major negatives that are leading to bearish sentiment this morning. The Q2
Alphabet’s latest earnings report has renewed optimism for companies like Lumentum supplying optical networking and data center components, even as investors scrutinize the rising cost of artificial intelligence infrastructure. While some investors focused on Alphabet’s higher capital expenditure plans, Stifel analysts said the company’s results reinforced expectations that AI infrastructure spending remains robust. “The first
Amazon.com Inc. (AMZN) shares fell about 4% in trading on Thursday after a report said a US Senate panel is investigating whether the company allowed China to exert undue influence over its online marketplace. According to Bloomberg, Republican staff members on the Senate Small Business Committee have been examining potential “Amazon negligence related to Chinese
Advanced Micro Devices (AMD) and Cerebras Systems (CBRS) have announced a technical partnership to develop a disaggregated artificial intelligence inference solution, combining AMD’s Helios rackscale AI infrastructure with Cerebras’ Wafer-Scale Engine technology. The companies unveiled the offering at Advancing AI 2026, saying the joint solution is designed to meet the growing demand for AI infrastructure
Escalating tensions between the US and Iran kept geopolitical risks in focus as President Donald Trump threatened further military action and warned of consequences for Houthi attacks on shipping. Meanwhile, technology stocks suffered steep losses after Alphabet and Tesla earnings heightened concerns over AI spending. Gold prices retreated as rising oil prices and Treasury yields
US stocks ended sharply lower on Thursday as a surge in oil prices, escalating geopolitical tensions in the Middle East, and disappointing reactions to earnings from Alphabet and Tesla weighed heavily on investor sentiment. The Dow Jones Industrial Average fell 507 points, or 1%, while the S&P 500 declined 1.2%. The Nasdaq Composite led the
Intel stock jumped in the extended hours as the company published strong financial results and boosted its forward guidance. INTC soared to $110, a significant increase from this month’s low of $89.65. What next for these shares? Intel stock jumps after strong earnings INTC shares jumped after the semiconductor giant published strong financial results, helped
ServiceNow Inc. (NOW) shares fell 5% on Wednesday as the company is set to report second-quarter earnings on Wednesday after the close. Investors are closely watching whether the enterprise software company can reassure markets about its artificial intelligence strategy amid growing concerns about the sector’s long-term outlook. The earnings report comes during a challenging period
Monday.com stock has crashed this year, mirroring the performance of other software companies. It has dropped by 51% this year and 44% in the last six months. This retreat continued today, July 22, when it announced that it would lay off 20% of its employees as it embraced AI in its operations. Monday.com stock has
Dallas-headquartered AT&T Inc (T) is extending gains on Wednesday morning after reporting Q2 earnings that came in handily above Street estimates. The company posted $31.56 billion in revenue – up 2.3% on a year-over-year basis – on $0.65 per share of earnings (EPS), representing an exciting 20.4% increase from last year. More importantly, responding to