Tag: programming

US tech stocks tumble as Chinese AI competitor emerges, with Nvidia down 17%. The S&P 500 fell 1.5%, while the Nasdaq composite lost 3.1%. However, stocks outside of AI-related industries held up better, with the Dow Jones Industrial Average rising 0.7%.

Published on: January 27, 2025, 10:07 PM UTC

Potlatch Corp. (PCH) reports Q4 profit of $5.2 million, surpassing Wall Street expectations. Revenue of $258.1 million also tops estimates. For the year, the company reports profit of $21.9 million, or 28 cents per share, on revenue of $1.06 billion. Zacks Investment Research provides further insights.

Published on: January 27, 2025, 10:07 PM UTC

Capital Bancorp reports Q4 earnings of $7.5 million, with EPS of 92 cents (adjusted) on revenue of $73.6 million. Its revenue net of interest expense is $56.2 million, exceeding expectations. The company also reports a yearly profit of $31 million and $2.11 per share in earnings on $186.2 million in revenue. Capital Bancorp shares have risen 3.5% YTD, and closed at $29.51 on Monday, marking a 28% increase over the past year.

Published on: January 27, 2025, 10:06 PM UTC

Sanmina (SANM) beats estimates with $2.01 billion in Q4 sales, a 7% year-over-year increase. Despite lower-than-expected revenue guidance for Q1, the company reports solid earnings of $1.44 per share, exceeding analyst estimates. Sanmina's revenue growth projections remain strong, indicating potential top-line performance improvement.

Published on: January 27, 2025, 10:05 PM UTC

Graco (GGG) reports below-analyst estimates in Q4, with sales dropping 3.2% to $548.7 million. Its non-GAAP profit of $0.64 per share missed consensus by 15.8%. Explore our research report to assess if now is the right time to buy GGG.

Published on: January 27, 2025, 10:05 PM UTC

Vertiv (VRT) shares plunge 29.87% as DeepSeek's advanced AI model challenges the need for expensive infrastructure, casting uncertainty over demand for data center products and services.

Published on: January 27, 2025, 09:03 PM UTC

LinkedIn co-founder Reid Hoffman launches AI startup Manas AI to accelerate cancer drug discovery.

Published on: January 27, 2025, 09:02 PM UTC

Federal appeals court rules that Citigroup can compel military personnel to arbitrate claims of excessive credit card interest rates charged after returning to civilian life.

Published on: January 27, 2025, 09:01 PM UTC

A new Chinese AI model raises concerns about the valuation of tech stocks, leading to a plunge in equity markets worldwide. Investors rush for safety in defensive industries, while the crypto world comes under pressure. This story highlights the potential risks of investing in AI-enabled firms, with earnings projections slowing down despite high valuations. Earnings announcements from Microsoft and Apple this week are crucial for restoring confidence.

Published on: January 27, 2025, 09:00 PM UTC

GM shares surged 48% in 2024 on strong truck, SUV, and EV sales. Analysts expect Q4 revenue of $44.46 billion and EPS of $1.83. GM faces challenges in EVs, self-driving tech, and trade issues.

Published on: January 27, 2025, 08:02 PM UTC