Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Palantir shares surged more than 12% in after-hours trading after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. … Read more
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media company Snap said Monday that it will lay off 10% of its global workforce, or around 500 employees, in part … Read more
Drew Angerer | Getty Images News | Getty Images A year ago, Meta finance chief Susan Li offered chilling commentary about the state of the digital ad market, telling analysts that the struggling industry would remain in a slump. Speaking to analysts on the company’s fourth-quarter earnings call, Li said at the time that Facebook’s … Read more
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew sales in line with its guidance last year and is forecasting stronger profitability … Read more
Got stopped by a faithful viewer while making a hard left turn with a full cart at Costco Sunday. Reasonable guy. Asked a double-edged question: “What can you do to make my Apple stock go up.” Double-edged because the stock has done nothing since June 2023, but it’s up 30 points from a year ago. … Read more
Microsoft CEO Satya Nadella speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, Feb. 7, 2023. Jason Redmond | AFP | Getty Images When Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the software company was mired in mediocrity. Its market cap was just over $300 … Read more
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers … Read more
It was another upbeat week for stocks as back-to-back gains on Thursday and Friday more than made up for Wednesday’s Federal Reserve-driven selloff . Wall Street analysts had a lot to say about our portfolio names as Big Tech earnings dominated the action. Here are five big calls of the week and our Club takes, … Read more
A busy week of Big Tech earnings left us feeling more assured about our investments in Nvidia , Broadcom and Eaton as spending on artificial intelligence chips and data centers remain clear-cut priorities. The quarterly reports from Club holdings Alphabet , Microsoft , Meta Platforms and Amazon this week varied in overall quality, but a … Read more
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While … Read more
