Author: Advanced AI Bot
Spencer Platt / Getty Images The S&P 500 rose for a second day on Tuesday, driven higher by soaring AI stocks. Stocks rallied for a second straight day, lifting the S&P 500 back into positive territory for the year. The S&P 500 rose 0.7% on Tuesday, putting the benchmark index about 5 points—or 0.08%—above its close on the last day of 2024. The S&P 500 had been in negative territory for the year since early March. Stocks got a boost on Tuesday when Nvidia (NVDA) announced a partnership with Humain, an AI company owned by the Saudi Arabian sovereign wealth…
We recently published a list of 10 AI Stocks Surging on News and Ratings. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other AI stocks surging on news and ratings. According to Daniel Ives, global head of technology research at Wedbush Securities, the US- China agreement is once again creating a bull market environment for tech. “If you are a tech investor, this is a dream scenario,” Ives noted on CNBC’s “Worldwide Exchange.” On Monday, the U.S. and China announced that they would temporarily reduce tariffs on each other for 90…
In today’s CEO Daily: Diane Brady on the potential for AI to destroy entry-level jobs. The big story: Who is paying to eat with Trump at his crypto dinner? The markets: Up, up, and up! Analyst notes from Macquarie, HSBC, and Wedbush on the U.S.-China trade deal, and Pantheon on “tariff frontloading.” Plus: All the news and watercooler chat from Fortune. Good morning. AI is disrupting entry-level jobs. While most CEOs are focused on upskilling their workforce, several have told me they’re reluctant to hire junior staff whose work can be done by AI agents. Companies are posting fewer internships—down 15% from…
(Bloomberg) — The Trump administration is preparing to announce a deal granting Saudi Arabia more access to advanced semiconductors, paving the way for increased data center capacity in the Gulf nation despite concerns from some US officials about its ties to China, according to people familiar with the matter. Most Read from Bloomberg The agreement would boost Saudi Arabia’s ability to buy chips from the likes of Nvidia Corp. and Advanced Micro Devices Inc., which are considered the gold standard for training and running artificial intelligence models, said the people, who asked not to be identified discussing confidential conversations. President…
Good morning. Ben Weiss here, filling in for Sheryl. “I am a bit of a boomerang,” Peggy Alford told Fortune. In the early aughts, Alford worked at eBay, where she focused on mergers-and-acquisitions due diligence. She left in 2005 but, as of Monday, she’s back at the online auction house—as the newly minted CFO. She returns to eBay as the company continues to return to its roots. The marketplace started in 1995 as a home for quirky collector’s items, like rare Pokémon cards, niche Beatles posters, and vintage leather jackets. But, as it rode the dot-com boom to new financial heights,…
Financial software provider SS&C Technologies (NASDAQ:SSNC) reported Q1 CY2025 results beating Wall Street’s revenue expectations , with sales up 5.4% year on year to $1.51 billion. The company expects next quarter’s revenue to be around $1.51 billion, close to analysts’ estimates. Its non-GAAP profit of $1.44 per share was 2.2% above analysts’ consensus estimates. Is now the time to buy SSNC? Find out in our full research report (it’s free). Revenue: $1.51 billion vs analyst estimates of $1.5 billion (5.4% year-on-year growth, 0.8% beat) Adjusted EPS: $1.44 vs analyst estimates of $1.41 (2.2% beat) Adjusted EBITDA: $592.9 million vs analyst…
Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 23.1% year on year to $1.24 billion. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $5.19 billion at the midpoint. Its non-GAAP profit of $1.57 per share was 4.9% above analysts’ consensus estimates. Is now the time to buy CDNS? Find out in our full research report (it’s free). Revenue: $1.24 billion vs analyst estimates of $1.24 billion (23.1% year-on-year growth, in line) Adjusted EPS: $1.57 vs analyst estimates of $1.50 (4.9% beat)…
Network application delivery and security specialist F5 (NASDAQ:FFIV) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 7.3% year on year to $731.1 million. The company expects next quarter’s revenue to be around $750 million, close to analysts’ estimates. Its non-GAAP profit of $3.42 per share was 10.2% above analysts’ consensus estimates. Is now the time to buy FFIV? Find out in our full research report (it’s free). Revenue: $731.1 million vs analyst estimates of $719.1 million (7.3% year-on-year growth, 1.7% beat) Adjusted EPS: $3.42 vs analyst estimates of $3.11 (10.2% beat) Adjusted Operating Income: $233.4 million vs…
We recently published a list of 10 AI Stocks on Wall Street’s Radar Right Now. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other AI stocks on Wall Street’s radar right now. According to a state media report, China’s President Xi Jinping has pledged “self-reliance and self-strengthening” to develop artificial intelligence in China. The country is eagerly competing with the United States for supremacy in the AI arms race. Xi has stressed that China should be leveraging its “new whole national system” to push forward with the development of AI. “We…
President Donald Trump has fired Shira Perlmutter, who leads the U.S. Copyright Office. The firing was reported by CBS News and Politico, and seemingly confirmed by a statement from Representative Joe Morelle, the top Democrat on the Committee for House Administration. “Donald Trump’s termination of Register of Copyrights, Shira Perlmutter, is a brazen, unprecedented power grab with no legal basis,” Morelle said. “It is surely no coincidence he acted less than a day after she refused to rubber-stamp Elon Musk’s efforts to mine troves of copyrighted works to train AI models.” Perlmutter took over the Copyright Office in 2020, during…