Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Calavo (NASDAQ:CVGW) and the best and worst performers in the perishable food industry.
Japan's Advantest on Wednesday hiked its full year operating profit forecast by 37% due to strong demand for its testing tools for chips used in artificial intelligence tasks. "As of late, we have seen further growth in tester demand for AI related, high performance semiconductors," CEO Douglas Lefever told an earnings briefing. Operating income in the October-December quarter climbed 158% to 69.2 billion yen.
After plunging 17% on Monday, Nvidia climbed almost 9% as investors rushed in to buy this historic dip in shares of the top chip maker.
(Bloomberg) -- OpenAI’s ChatGPT is leading a major surge in spending on artificial intelligence apps and services on smartphones.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingThe seminal chatbot has grossed $529 milli
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Apple shares avoided the big tech selloff and is set to report earnings later this week. Here are the key chart levels to monitor.
The superstar run for Nvidia’s stock the last few years has been astonishing. Mostly known only in gaming and crypto circles a few years ago, Nvidia burst into the zeitgeist after seeing its sales surge because customers wanted its chips to train their chatbots and other artificial intelligence products. Nvidia became a household name as its stock more than tripled in 2023 and then more than doubled in 2024.
Analysts say U.S. tech stocks will rebound because DeepSeek’s success will spur more investment into AI.
Point72 Asset Management's founder Steven Cohen said on Tuesday that he would expect the stock market to reach a peak soon amid inflation pressure and uncertainties around U.S. President Donald Trump's policies on tariffs and immigration. Trump has threatened to impose a universal tariff on foreign-imported goods and others aimed at specific sectors or countries, while on the immigration front he has launched a sweeping border crackdown. Such measures would "actually slow growth, not increase growth in 2025" and make it more difficult for the Federal Reserve to tackle inflation, Cohen said at the investment conference iConnection, in Miami.
Chinese startup DeepSeek’s super-efficient open-source AI model may have sunk some of Wall Street’s favorite AI stocks on Monday, but it may have also crowned some new favorites.