While 73 of 80 analysts rate Nvidia as a buy, one voice stands alone with a sell rating. Seaport Global’s Jay Goldberg sees troubling parallels between today’s AI frenzy and the dot-com bubble, warning of misallocated capital and unsustainable spending patterns.
Reddit’s post-IPO momentum continues with explosive Q3 results, posting 68% revenue growth to $585 million. The social platform’s search partnerships and international expansion are paying dividends as advertising revenue surges 74%.
Chipotle’s decision to absorb food inflation costs rather than raise prices has Wall Street worried. The stock plunged 16% to two-year lows as analysts question the sustainability of this strategy amid persistent cost pressures.
Forge Global, a leading platform for trading private company shares, is exploring a sale after its market value collapsed 90%. The move reflects deeper challenges in secondary markets as startups delay IPOs and competition intensifies.
Junior Wall Street professionals could gain management experience years earlier by overseeing teams of AI bots rather than human colleagues. Banking executives predict this shift will transform traditional career trajectories while creating new learning opportunities for early-career employees in high finance.
Wall Street’s most junior employees may soon find themselves managing teams much earlier in their careers, though their initial direct reports will be digital rather than human, according to reports from banking executives speaking at the Evident AI Symposium in New York.
Leading investors and analysts are raising alarms about an unsustainable AI investment bubble as capital expenditures dramatically outpace returns. Industry experts suggest the current hype cycle mirrors previous technology bubbles that ended in significant financial losses.
Prominent investors and technology executives are increasingly warning that artificial intelligence investments have reached bubble territory, with capital expenditures dramatically outpacing potential returns, according to multiple financial analyses. Lauren Taylor Wolfe, co-founder of activist investment firm Impactive Capital, recently told CNBC she is avoiding AI-related investments despite the current bullish market environment, citing concerns about Wall Street’s “near-total fixation” on artificial intelligence among major technology corporations.
Tesla reported a significant profit drop amid increased R&D spending, while IBM swung to profit but saw shares fall. American Airlines narrowed losses and offered optimistic guidance, leading to premarket gains. Market analysts are watching these divergent performances closely.
Shares of Tesla declined in premarket trading Thursday after the electric vehicle manufacturer reported a 37% drop in quarterly profit, according to the company’s earnings release. Sources indicate the profit reduction was attributed to significant research and development spending and decreased tax-credit revenue. The report states that despite maintaining strong vehicle delivery numbers, the company’s increased investment in future technologies and production capabilities impacted bottom-line results.
Apple shares hit record highs as Wall Street analysts upgrade ratings and price targets. The resurgence follows strong iPhone 17 sales data and anticipation around the company’s artificial intelligence roadmap, positioning Apple to join the exclusive $4 trillion market cap club.
After lagging behind other technology giants for much of the year, Apple Inc. has mounted an impressive comeback, with its stock performance now outpacing several Magnificent Seven peers, according to market analysis. The iPhone maker’s shares have gained approximately 7% over the past month, surpassing the performance of other megacap stocks including Nvidia, Meta Platforms, and Amazon during the same period. This resurgence has positioned Apple on the verge of reaching a historic $4 trillion market capitalization, a milestone currently shared only by Nvidia.
General Motors is set to report quarterly earnings with analysts projecting significant declines in both revenue and adjusted earnings per share. The automaker’s recent $1.6 billion strategic shift in electric vehicle investments adds complexity to its financial outlook amid ongoing industry challenges.
General Motors is preparing to release its third-quarter financial results amid analyst projections showing substantial year-over-year declines, according to average estimates compiled by LSEG. Sources indicate the Detroit automaker could report a 7.2% decrease in revenue alongside a 22% drop in adjusted earnings per share compared to the same period last year.
U.S. equities advanced Monday, led by a surge in Apple shares and optimism over moderated trade tariffs. Disney also rose after Citi lifted its price target ahead of quarterly results. Investors are bracing for a packed earnings week.
U.S. stocks opened the week with significant gains, reportedly driven by a combination of strong performances in key technology names and renewed optimism in international trade relations. According to reports, the S&P 500 and Nasdaq Composite both climbed more than 1%, bringing the S&P within striking distance of its early October record close.
