Tesla Stock Rises Again After Elon Musk "Made a Bet for the Ages"
Tesla stock was slipping in premarket trading Thursday after huge - and somewhat surprising - post-election gains realized on Wednesday.Shares of the electric-vehicle maker were down 0.82% in premarke
$Sea Ltd(SE)$ Impact of TikTok Shop Closure on SE.After the closure of TikTok Shop in Indonesia, the market is still unsure of the extent of the impact on the local area. TikTok Shop closed on October 4th. After the closure, e-commerce livestreaming shops generally redirected traffic to independent sites and Shopee via URL links.Any chance TikTok get approval to launch a separate app. Surely they can’t abandon the ID market otherwise their global e-commerce ambitions get hurt. I long SE but worried if TikTok approval, we crash again.Image
Some of the world's biggest tech companies showed this week how the tens of billions of dollars they have bet on the artificial intelligence boom are starting to pay off. They also warned bigger investments are coming.Revenue from cloud businesses at Amazon, Microsoft and Google reached a total of $62.9 billion last quarter. That figure is up 22.2% from the same period last year and marked at least the fourth straight quarter in which their combined growth rate has increased.Investors have long worried that Silicon Valley may be overspending on cloud capacity in expectation that AI will bring a boom on par with the early days of the internet. Record capital expenditures have repeatedly shaken the market, including Thursday when the tech-heavy Nasdaq Composite dropped 2.8%."The data center cloud business is strong," said Dan Morgan, a portfolio manager at Synovus Trust, which has positions in all three cloud giants. "Of all the groups, this is the one where we can show the most tangible
Berkshire’s Earnings Are Saturday. Watch Buybacks, Cash, and Its Apple Stake
Wall Street will be focused on much more than Berkshire Hathaway’s earnings when the company reports third-quarter results on Saturday.Stock repurchases in the period, cash levels, and the size of Ber
Faraday Future Receives $30 Million of Previously Committed Financing
Faraday Future announced today that it has received the full net proceeds from the $30 million previously committed financing announced in September 2024. The initial closing occurred on September 12,