Rigetti Computing (NASDAQ: RGTI) has released its Q4 2024 earnings report, revealing a mix of financial struggles and technical progress, but with a major $100 million partnership that could provide much-needed momentum. The quantum computing firm, which has been working to develop commercially viable superconducting quantum processors, reported a revenue increase but ongoing losses, reflecting…
Palantir Technologies (NYSE: PLTR) is under pressure as a combination of market volatility and concerns over defense spending weigh on investor sentiment. The stock has seen a pullback in recent trading sessions, reflecting wider market uncertainty and fears that potential cuts in government contracts could impact future growth. As a company known for its AI-powered…
Super Micro Computer (NASDAQ: SMCI) has been one of the biggest beneficiaries of the AI revolution, with demand for its high-performance server solutions skyrocketing. As companies rush to adopt AI-driven data centers and cloud computing, Super Micro has positioned itself as a key supplier of high-efficiency, AI-optimized server infrastructure. The company’s stock has seen incredible…
Tesla’s stock has been on a rollercoaster, soaring 84% post-election before plummeting 40%, raising concerns among investors. The dramatic swings highlight how much the company’s market performance is being influenced by CEO Elon Musk’s political involvement, alongside broader economic and industry challenges. Following the election, Tesla benefited from optimism around electric vehicle (EV) incentives, AI…
Intel has successfully fended off a shareholder lawsuit that accused the company of misleading investors about $7 billion in losses tied to its foundry business. A judge dismissed the case, ruling that investors failed to prove that Intel had intentionally misrepresented financial risks related to its semiconductor manufacturing division. The lawsuit stemmed from Intel’s struggles…
Investors are assessing whether a series of concerning data points to serious economic concerns, so next week, the stakes are high for the monthly U.S. jobs report. Falling Treasury rates and a decline in bitcoin are further signs of growing investor apprehension, as the benchmark S&P 500 stock index has retreated 4% from its peak…
After a tumultuous week marred by doubt over U.S. trade policy and a global increase in borrowing costs, investors were greeted with some calm on Friday as a sharp purchase in bonds subsided and currencies stabilized, but equities followed Wall Street down. As U.S. equities face challenges from a deteriorating growth forecast in the most…
The California-based company said on Thursday that the US Department of Labor is looking into whether Scale AI, a data labeling business supported by tech behemoths Nvidia, Amazon, and Meta, complies with the Fair Labor Standards Act. According to the firm, the inquiry, which was started about a year ago during the administration of former…
In the face of market turbulence brought on by President Donald Trump’s erratic trade policies, US stock futures rose as Wall Street prepared for the February employment report. The Dow Jones Industrial Average (YM=F) futures saw a 0.2% increase. Futures linked to the tech-heavy Nasdaq Composite (NQ=F) increased by 0.5%, while those related to the…
As another investment company lowered its price objective on the stock, Tesla’s (TSLA) shares fell 5.6% on Thursday, bringing its year-to-date losses to 35%. In a note released Thursday morning, Baird analysts cut their 12-month view on Tesla shares from $440 to $370, citing worries that Wall Street has unrealistic expectations for Tesla’s first-quarter deliveries….