Shares of Spotify Technology (SPOT) are up more than 6% so far in Tuesday’s trading session on the heels of delivering Q4 guidance. Despite falling short in earnings for the final quarter of 2023, the upbeat guidance for growth in active users stole the spotlight. After finally posting a profit in Q3, Spotify took [...]
Meta (META) is starting 2024 with a statement, announcing its first-ever dividend after an impressive Q4 driven by a surge in advertising sales. The stock is up more than 20% in Friday morning’s trading session. The company grew revenue to $40.11 billion, a 25% increase year over year. Net income for the quarter jumped [...]
Alphabet Inc. (GOOG) shared Q4 results after the market closed Tuesday, and despite an impressive rebound, shares slid more than 5% Wednesday morning. The parent company of Google managed to grow sales by 13% year over year to $86.3 billion, narrowly outperforming the FactSet consensus of $85.3 billion. The search engine provider also beat [...]
One of the most legitimate concerns surrounding AI technology is now being addressed by a collaboration between IBM and Casper Labs. The technology giant and blockchain service provider are teaming up to bring AI and Web3 technologies together to mitigate IP and safety issues. As more and more businesses take existing LLM’s (large language [...]
After leading 2023 as the S&P 500 index’s best performer, Nvidia (NVDA) is picking up where it left off to start the new year. The stock has climbed nearly 14% in the past week and is up more than 2% in Wednesday morning’s trading session. This recent breakout puts its market cap at $1.3 [...]
by Leslie N. Masonson, MBA StoneCo Ltd (Nasdaq: STNE), was founded in 2000 in George Town, the Cayman Islands, where it is currently headquartered. The company offers financial technology and software applications to its 2.6 million customers and partners in the area of electronic commerce, and especially online, in-store and through mobile channels. Their [...]
Apple’s accolades are endless, but its recent legal trouble hurt the stock’s performance despite its far-reaching influence. The company is the first to hit a $3 trillion valuation, it provides endless tech options for consumers, and also owns the title of 2023’s largest company globally. But success didn’t stop the company’s stock (AAPL) from [...]
Oracle (ORCL) delivered second-quarter earnings after the market closed Monday, and the results sent shares lower in extended trading. They picked up from there this morning when the bell opened and the stock fell 11%. The software company fell short of expectations for revenue, delivering just $12.94 billion compared to the consensus of $13.05 [...]
by Leslie N. Masonson, MBA GigaCloud Technology, Inc. (Nasdaq:GCT), was incorporated in 2006 in Walnut Creek, California where it is currently headquartered. It has $584 million in annual sales and a market capitalization of $440 million with 764 full-time employees. Previously, it was known as Oriental Standard Human Resources Holdings Limited with a name [...]
DocuSign (DOCU) reported strong third-quarter earnings yesterday that sent shares 3% higher in Friday morning’s trading session. The stock has now rallied more than 8% in the past week. Revenue for the quarter climbed 9% YoY to $700.4 million, well above the Wall Street consensus of $690 million. DocuSign also outperformed the analyst consensus [...]
