WEDBUSH
Nasdaq Outlook: Is the worst over for AI-fuelled tech stocks?
Wall Street’s AI-led rally faced a sharp setback as the Nasdaq recorded its biggest single-day fall since June. Heavy losses in technology stocks reflected growing investor concerns over hyperscaler spending and the returns on artificial intelligence investments.
October ends with a thud for Intel, Reddit, AI stalwarts
A fresh test of this year's technology rally sent the Nasdaq composite on Friday to its biggest decline since June. Chipmaker Intel and social media firm Reddit fell 29% and Sandisk, a chipmaker that has been one of the great beneficiaries of the AI capital-spending boom, dropped 13%.
Google defeats US bid to force ad tech sale
While the ad exchange is a small part of Google's business, the ruling is the second powerful symbolic victory against the U.S. Department of Justice in its efforts to force Google to sell assets to address illegal monopolies.
AMC stock jumps over 7% as Wedbush upgrades rating, lifts price target to $4 amid box office recovery and debt relief
AMC stock is rising again, thanks to a fresh upgrade from Wedbush Securities and a boost in box office performance. On July 11, AMC shares jumped over 7% after analyst Alicia Reese raised the price target to $4, pointing to a 33% upside. The upgrade came as AMC cleared all 2026 debt, reducing financial risk, while stronger movie releases like Superman help bring crowds back to theaters. With better promotions and premium screens, AMC is regaining investor confidence. This story explores what’s really driving the AMC stock surge and why this time, it might be different.
Is Tesla’s robotaxi a long-term threat to Uber’s business model? Wedbush Securities weighs in
Uber's stock saw a dip after a report highlighted Tesla's robotaxi impact. Wedbush sees Tesla as a long-term threat. Elon Musk shared a robotaxi update. BMO Capital suggests Uber's drop was expected. Uber is expanding its autonomous vehicle efforts with Waymo. They also have partnership with WeRide. Uber aims to reach 15 cities in five years.
Wall Street cheers as Tesla gets massive price target boost, Dan Ives predicts a golden age of autonomous growth
Even with recent troubles, an expert says Tesla has a bright future thanks to its self-driving tech and AI. He thinks it could grow a lot if everything goes right, and robotaxis may be a big part of it.
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General Motors Q4 Results: Co reports higher profits on robust vehicle pricing
General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike. The company relied heavily on its North American division, where sales of full-size pickup trucks and sport utility vehicles remained lofty.
Tesla shares finally snap record 13-day win streak that added $200 bln in value
Tesla ended its 13-day streak of gains, during which it added over $200bn to its value. Tesla's market capitalisation rose to approximately $814bn, surpassing the value of Japan's Toyota as Tesla's shares rose by 40%. Tesla's charging system was adopted by US automakers Ford and General Motors, sparking off the rally. Tesla's forward price-to-earnings ratio far exceeds any other automaker at around 62, compared to Ford's 8.2 and GM's 5.6. Despite the rally's end, Tesla's stock price is sitting 28% higher than Wall Street's median target of $200.
Tesla jumps as GM deal makes its charging network closer to US standard
Shares of Tesla jumped nearly 7% following a partnership between General Motors (GM) and Ford to use Tesla's electric-vehicle charging network, which could make Tesla Superchargers a new industry standard in the US. This move ensures that the country's EV market can access Tesla's North American Charging Standard (NACS), which presents a big win for the rare partnership, making it the primary network in the country. The tie-up will increase the pressure on other automakers to upgrade their networks to work with Tesla's. Tesla's charging network is more widespread and reliable than the alternative combined charging system.
Apple bosses steer clear of mentioning AI at WWDC
Generative AI has become the tech world's biggest buzzword ever since Microsoft-backed OpenAI released ChatGPT late last year, revealing the capabilities of the emerging technology.
Apple mixed-reality headset to take aim at the metaverse
The iPhone maker has remained mum on reports that it is poised to unveil a headset for augmented or virtual reality experiences at its annual jamboree for developers and app designers.
US stock market: S&P 500, Dow rally to higher close as inflation data feeds Fed pause hopes
All three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc , Microsoft Corp and Amazon.com providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-day percentage jump in nearly a month.
Silvergate's deepening crisis jolts crypto stocks
Several crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.
Microsoft announces third round of layoffs, to cut jobs in IT division
According to reports, about five to ten per cent of employees could lose their jobs.
CES startups face cautious investors amid economic woes
Amid the slew of layoffs in the tech industry and an economic landscape battered with high inflation and interest rates, many startups may be met with cautious investors looking for products that can deliver quick returns instead of hype.
Tesla shares record rare jump this month on the way to worst year
When Tesla's stock begins to tick upwards there should be a flurry of short covering ... as shorter-term short sellers look to realize their outsized mark-to-market profits before they evaporate," said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
In online public poll, Elon Musk asks should he resign as Twitter’s CEO, promises to honour results
Wedbush analyst Dan Ives said that Elon Musk’s departure from Twitter would be positive for Tesla shares.
US stock market: S&P, Nasdaq extend losing streaks amid rising recession worries
The S&P 500 lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite dropped 56.34 points, or 0.51%, to finish at 10,958.55. The Dow Jones Industrial Average was flat, ending on 33,597.92.
Shares of Nike and Adidas could score at the World Cup
Four days into World Cup, Nike teams have accumulated 15 points, while Adidas-clad teams have accumulated 11 points. So far during the tournament, shares of Nike have climbed over 1%, while Adidas and Puma are each down more than 3%.
US stock market: Dow, S&P 500 rise as Fed signals slowdown in rate hikes
The number of Americans filing new claims for unemployment benefits rose more than expected last week and U.S. business activity contracted for a fifth straight month in November. Consumer sentiment ticked higher and home sales rose above expectations.
Musk's all-nighters at Twitter raise concern for Tesla investors
A self-described "nanomanager," Musk's penchant for working long hours in moments of crisis has been a well-known part of his brand. But the billionaire's deep dive into Twitter, after a protracted buyout that he tried to scrap, has some Tesla investors worried about his capacity to focus on his role as CEO of the world's most valuable carmaker.
Amazon predicts sales growth slowdown for holidays; stock crashes 12%
Amazon Web Services (AWS), the company's lucrative data-storage and computing division serving enterprises, only helped so much. While it provided much-needed operating income, just like rival Microsoft's Azure cloud, Amazon fell short of estimates.
Cognizant board bound to notice underperformance, execution challenges: Wedbush
Report speculative, Board fully supports strategic direction, management team: Cognizant
Netflix soothes Wall Street concerns with customer growth forecast
"Our excitement is tempered," Chief Executive Reed Hastings said in a post-earnings interview posted on YouTube, given that Netflix still lost subscribers. "But looking forward, streaming is working everywhere. ... We're very bullish on streaming."
Tesla sells 310,000 vehicles in 1Q, despite logistics issues
The company's sales were slightly below expectations, which were looking for Tesla to produce 312,000 cars, according to Wedbush Securities. Last year the company delivered a record 936,000 vehicles, an 87% increase over 2020 numbers.
Cognizant puts up $30 million for employee retention
The corpus is used when such employees receive offers from competitors.
Tesla shares worth $1,250 in top scenario: Analyst
Ives raised his price target for Palo Alto, California-based Tesla to $950 a share from $751 to reflect the stronger demand for electric vehicles. Shares in the world’s leading maker of EVs soared 743% last year and are currently trading at $845.
S&P ends choppy session lower as US stimulus talks drag on
"As long as she keeps dangling the carrot out there that there's still a chance that something could get done investors continue to remain optimistic," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
Arvind Krishna, the man who helped buy Red Hat, now wears the CEO hat at IBM
Indian-American Arvind Krishna will take over as the firm's CEO of IBM from Virginia 'Ginni' Rometty.
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