“including working capital and other business opportunities,” pretty vague...
SoFi Shares Sink over 6% in Wake of $1.5 Billion Stock Offering
SoFi Technologies Inc. dropped in late trading Tuesday, mostly wiping out earlier gains, after the provider of consumer financial services said it’s selling $1.5 billion of stock.Goldman Sachs Group...
Palantir’s President Stephen Cohen Sells $26.99 Million in Stock
Stephen Andrew Cohen, President and Secretary of Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), recently executed a series of stock transactions involving the company’s Class A common stock. Accordin
Sea Shares Sink Over 8% As Indonesia Investigates Southeast Asia’s E-Commerce Giant
Indonesia’s antitrust authorities are investigating Southeast Asia’s e-commerce leader Sea Ltd. for potentially unfairly favoring its own delivery service over other alternatives.US-listed shares of S
Shares of leading designer of graphics chips Nvidia jumped 6.2% in the afternoon session after markets rallied, with the Nasdaq up 2.1%, while the S&P rose 1.1%, following strong earnings from big tech companies including Microsoft and Alphabet. Notably, the earnings highlighted the strong demand for AI solutions, including cutting-edge AI chips that power most AI applications. These chips are developed by Nvidia and its peers.For example, during its Q1'2024 earnings call, Meta raised its forecasted operating expenses and capital expenditures for the full year. The increased costs are related to the company's AI infrastructure. It also released its AI assistant, Meta AI. This product was rolled out across its family of apps and is powered by Llama 3, an open-source large language model that is a ChatGPT competitor.
Loop Capital Upgrades Sea Limited to Buy From Hold, Hikes Price Target to $92 From $59
Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it post
Is Jack Ma Coming Back? Alibaba Founder's Rare Memo To Employees Sparks Curiosity
Alibaba Group Holding Ltd. co-founder Jack Ma has reportedly resurfaced with a comprehensive internal memo, stirring speculation about his future role in the company.What Happened: Ma has emerged with