Tag: tech stocks

Double Whammy for Elon Musk: Slowing EV demand and shaky AI credentials make it hard
12Feb By adminNo Comments
Technology

Double Whammy for Elon Musk: Slowing EV demand and shaky AI credentials make it hard

[ad_1]  If you're building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it? That's part of a growing debate on Wall Street, where shares of Elon Musk's electric-vehicle maker are tanking as the rest of the market rallies — and the company is warning that things may not get better for a while. An original member of the so-called Magnificent Seven tech stocks that have been driving the S&P 500 Index to new heights, traders are now wondering if Tesla's name belongs next to those other powerhouses.After doubling last year, Tesla's stock price is down 22% to start 2024. Compare that to Nvidia Corp.'s 46% surge or Meta Platforms Inc.'s 32% gain since the beginning of the year and it's easy to see where the questions are coming from. Indeed, it's b...
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Bumble Shares Join Tech Rally After Gen Z Worries Spurred Plunge
11Nov By adminNo Comments
Technology

Bumble Shares Join Tech Rally After Gen Z Worries Spurred Plunge

[ad_1] Bumble Inc. joined a broader rally for tech stocks Thursday fueled by softer-than-expected US inflation data, erasing a premarket plunge following its results. Bumble Inc. joined a broader rally for tech stocks Thursday fueled by softer-than-expected US inflation data, erasing a premarket plunge following its results. The shares climbed as much as 14%, after earlier sliding on concern that younger users aren't renewing their subscriptions on the company's main dating app. Stock gains notwithstanding, analysts were cautious on Bumble after it reported worse-than-forecast revenue in the fourth quarter. The update triggered price-target cuts from brokers including Deutsche Bank AG, Goldman Sachs Group Inc. and Morgan Stanley. Bumble had slumped as much as 15% in premarket tra...
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Alphabet, Microsoft Lead Bear-Market Earnings Season
26Oct By adminNo Comments
Technology

Alphabet, Microsoft Lead Bear-Market Earnings Season

[ad_1] Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year. Investors are facing a make-or-break week for some of Wall Street's most influential tech stocks in a historic year for the group marked by a plunge into bear market territory.The superlatives have followed one after another in 2022's wild ride. Shares of Meta Platforms Inc. have lost 61%, their biggest drop since the company went public a decade ago. Apple Inc., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. are set for their steepest declines since the global financial crisis. The Nasdaq 100 Index rose 0.6% on Tuesday. Now, these companies are slated to report quarterly results this week with projections showing a profit decline by the most in at least thre...
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