The company also updated its Springboard plan, targeting more than $4 billion in annualized sales, up from a target of $3 billion and a 20% operating margin by the end of 2026.
According to a report by The Information, Amazon Web Services (AWS) is offering deep discounts on its artificial intelligence chips to compete with Nvidia and attract more customers.
Evercore ISI analysts think Apple is positioned to sustain mid-single-digit sales growth and low-to-mid teens free cash flow and earnings per share growth over the next several years.
Stocks were little moved during midday Monday trading in New York, as a mixed retail sales report failed to generate a bullish response from investors.
Citi anticipates "decent results" but warns that guidance may fall short of consensus estimates, while Baird took a more optimistic stance, stating it is “incrementally positive” on Micron’s outlook.
Stocks staged a sharp rebound on Friday as concerns over a potential government shutdown eased after Senate Minority Leader Chuck Schumer (D-NY) opted not to veto a Republican sp
While analysts still expect the consulting giant to post results ahead of the Wall Street consensus, they’re cautious about the impact of shifting U.S. policy expectations under Trump’s administration.
Instead of selling the entirety or parts of its business, Intel is reportedly exploring outside financial backers, including customers interested in taking a stake in its manufacturing unit.
Today, the world’s three largest sectors by market cap are information technology, financials, and industrials, together making up 50% of the global stock market.
Bears regained control on Wall Street, with major indices wiping out Wednesday's gains and retesting recent lows as investor concerns over tariffs continue to weigh on sentiment.
Inflation cooled in February, sparking hopes of interest rate cuts. Sectors that could benefit are consumer discretionary, tech, and real estate. Consider XLY, XLK, and IYR ETFs.
Wall Street is also bullish on Tan’s appointment. Bank of America cited his strong track record at Cadence Design Systems, familiarity with Intel from his prior board tenure, and broad industry connections as key positives.
