To The Moon

Spotify stock rose early Wednesday after the audio streaming platform posted quarterly earnings and gave an upbeat outlook for subscriber and user growth.But one analyst downgraded the stock. PhillipCapital analyst Jonathan Woo changed his recommendation from Buy to Accumulate, indicating that perhaps investors should go a little easy on the Spotify, which is up 141% over the past 12 months.An Accumulate rating is still a form of a buy recommendation. Woo cited the recent price gains as a reason for the downgrade and still increased his price target by 15% to $485.Other analysts followed suit increasing their price targets after the earnings report. Evercore hiked its price target by 9% to $500, KeyBanc by 6% to $520, and Benchmark by 18% to $520.Spotify shares rose 7.2% to $449.74 in premarket trading Wednesday. The stock has more than doubled in value so far this year.Third-quarter earnings came in at 1.45 euros a share on revenue of 4 billion euros. While that was lower than the 1.

Facebook parent company Meta will report its fiscal third quarter earnings after the closing bell on Wednesday. The social media giant has quickly become an artificial intelligence power in its own right, up there with the likes of Microsoft , Google , and Amazon , and investors are on board for the ride.Meta stock has shot up 66% year to date and 26% over the last three months. For comparison, Amazon shares are up 25% over the last three months, while Google shares are up 21%. Microsoft’s stock price, meanwhile, is up 15% during the same time period.Meta’s earnings follow a report by The Information that the company is working on its own search functionality for its Meta AI service that will allow users to ask questions and get answers about current events. The goal is to ensure Meta will no longer have to rely on Google's or Microsoft’s search engines to answer certain user queries.Beyond spending concerns, Meta is also facing a host of high-

The Nvidia chief is selling shares nearly every day.

News that $Nvidia(NVDA)$ had landed another big deal didn’t appear to be doing much for the chip maker’s stock price early Wednesday. It’s the Federal Reserve, not artificial intelligence, that invest

Stock futures were higher Tuesday as Wall Street raised bets the Federal Reserve will cut interest rates this week by 50 basis points. Economic data to be released Tuesday includes monthly U.S. retail sales.Intel jumped 6.8% after the semiconductor maker said it would be turning its chip contract manufacturing business into an independent subsidiary and reached a multibillion-dollar agreement for Amazon.com's Amazon Web Services to manufacture chips at Intel factories using an advanced chip-making technology expected to go into production in 2025. Intel also said would be receiving $3 billion in federal funding to make chips for the Defense Department.Mobileye Global, the Israeli developer of driver-assistance technology, was rising 3.2% after the company wasn't mentioned as part of what Intel called "the next phase" of its "transformation." It was reported earlier this month by Bloomberg that Intel was considering options for its stake in Mobileye as part of a chip maker's overhaul.

Nvidia, for a single day in June 2024, surpassed Microsoft to become the company with the largest market capitalization on the S&P 500 index, but looking at the companies that have previously held the

Super Micro Computer (NASDAQ:SMCI) Chief Executive Charles Liang wrote a letter to the company's customers and partners and said that neither the recent delay to its annual report nor the recent discl

Analysts aren’t really sweating the prospect of a brief delay to the start of Blackwell shipments, but they’ll certainly be looking for Huang to comment on the expected timeline.“Yes, we were concerned when we first heard about issues with the new Blackwell chips in the supply chain and from customers that included commentary around a three-month delay due to potential overheating, a design issue and some packaging issues,” Melius Research analyst Ben Reitzes wrote in a note to clients. “However

Highly anticipated earnings from Nvidia, the Federal Reserve's preferred inflation gauge, and the latest housing-market data will be the final week of August's highlights.The highlight on the earnings calendar will be Nvidia's results on Wednesday evening. As the poster child for the artificial-intelligence trade, they'll be sure to move the market, one way or the other. Other companies reporting this week will include PDD Holdings on Monday; Box on Tuesday; Salesforce, CrowdStrike, HP Inc., Okta, and Chewy on Wednesday; and Dell Technologies and Marvell Technology on Thursday.More retailers are reporting results this week, including Nordstrom on Tuesday, followed by Abercrombie & Fitch, Bath & Body Works, Five Below, Kohl's, and Victoria's Secret on Wednesday. Best Buy, Burlington Stores, Lululemon Athletica, Ulta Beauty, and American Eagle Outfitters report on Thursday.On Friday, Fed officials will get a look at the July personal consumption expenditures price index. Economists' cons

Berkshire Hathaway cut its Apple stake by 49.33% in Q2 2024, selling 389.37 million shares. Despite this, Apple remains 30.09% of Buffett's portfolio.JPMorgan, Vanguard and BlackRock, major Apple inve