Micron’s Revenue Forecast Misses By $1 Billion, Stock Drops
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
Micron Technology (NASDAQ: MU) recently issued a financial outlook that fell short of Wall Street’s expectations, causing significant shifts in its stock performance. The company projected its fiscal second-quarter revenue to be around $7.9 billion, which is below the anticipated $8.93 billion as per analyst consensus. Additionally, Mi
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
Last Tuesday, we charted the main drivers behind this year’s price moves for TSLA stock. Alongside Musk’s pay package (recently rescinded again) and tariffs against Chinese EVs, it is clear that Donald Trump’s election victory boosted TSLA shares the most.
In early October, just prior to Robotaxi Day, which failed to generate much ex
CarMax Reports Strong Third Quarter Performance With $0.81 EPS
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CarMax, Inc. (NYSE: KMX) reported a strong performance for the third quarter of fiscal year 2025, showcasing significant growth across multiple segments of its business. The company achieved a notable 55.8% increase in net earnings per diluted share, reaching $0.81 compared to $0.52 in the same period last year.
Accenture Reports Better Than Expected Results for First Quarter FY’25
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Accenture (NYSE: ACN) has reported robust financial results for the first quarter of fiscal 2025, showcasing impressive growth across various segments. The company achieved revenues of $17.7 billion, marking a 9% increase in U.S. dollars and an 8% rise in local currency compared to the same period last year. This growth was driven by b
Sezzle (SEZL) Stock Plummets After Hidenburg Announces Short Position
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Hindenburg Research has announced a short position in Sezzle Inc. (NYSE: SEZL), a company based in Minneapolis that specializes in ‘Buy Now, Pay Later’ (BNPL) services. This development comes as Sezzle’s stock has seen a dramatic increase of over 2,000% in the past year. Despite this growth, the company faces significant challenges tha
Disney’s Stock Gains As It Scores a Massive Gaming Hit With Marvel Rivals
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Disney (NYSE: DIS) has recently achieved significant success in the gaming industry with the launch of Marvel Rivals, a new collaboration with NetEase Games. The superhero-themed game has captivated a massive audience, reaching 20 million players within two weeks of its release. Available on multiple platforms, including PC, PlayStatio
Boeing Restarts Production on Key Planes, Stock Sees Slight Gains
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Boeing (NYSE: BA) has restarted production across its airplane programs, including the 737 MAX, 767, and 777/777X, following a seven-week strike by 33,000 factory workers that ended last month.
The strike began on September 13, 2024, and significantly impacted the company’s output and deliveries. In November, Boeing only delivered 13
Microsoft Tripled Its Spending on Nvidia’s AI Chips Compared to Last Year: Report
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In 2024, Microsoft (NASDAQ: MSFT) purchased 485,000 of Nvidia’s (NASDAQ: NVDA) “Hopper” chips, marking a substantial investment in AI infrastructure larger than any of its tech rivals. This aligns with Microsoft’s role as the largest investor in OpenAI, utilizing its Azure cloud infrastructure to train OpenAI’s latest models.
General Mills Beats Market Expectations in Q2, Updates Full Year Outlook
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In the second quarter of fiscal 2025, General Mills, Inc. (NYSE: GIS) reported notable growth, reflecting a solid performance across its segments. Net sales increased by 2% to $5.2 billion, with organic net sales rising by 1%.
The company achieved an impressive 33% increase in operating profit, amounting to $1.1 billion, and a 39% ris
Birkenstock (NYSE: BIRK) Reports Better Than Expected Q4
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In the fourth quarter of fiscal 2024, Birkenstock Holding plc (NYSE: BIRK) reported a significant increase in revenue, reaching EUR 456 million. This marks a 22% rise on a reported and constant currency basis compared to last year. The growth was driven by strong performance across all segments, with the Americas showing a 21% increase
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
Over the last two years, Nvidia (NASDAQ: NVDA) has become the gravity well for AI expectations. This ballooned Nvidia’s market cap to $3.15 trillion, with many smaller companies circling the big AI chip designer (TSMC builds them).
One of those companies is Dell Technologies (NYSE: DELL), Nvidia’s partner. Although Dell is smaller th
UNH Stock Continues to Fall Amid Polarized Reactions After Brian Thompson’s Muder
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The shocking assassination of Brian Thompson, the CEO of UnitedHealthcare, has ignited a political and public firestorm across the United States. Thompson was fatally shot on December 4, 2024, in Midtown Manhattan, an event that has since dominated headlines and social media discussions. The alleged perpetrator, Luigi Mangione, was app
Alphabet Stock Hits 52-Week High As Waymo Set to Test in Japan
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Google’s (NASDAQ: GOOG) autonomous vehicle division, Waymo, is set to embark on its first international venture by initiating tests in Tokyo, Japan, starting in early 2025.
This marks a significant milestone for the company as it steps beyond the borders of the United States for the first time. Waymo has strategically partnered with N
Pfizer Targets Up to $64B Revenue in 2025 Amid Strategic Cost Savings
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Pfizer has reaffirmed its guidance for the full year 2024 and provided new projections for 2025. The pharmaceutical giant has set its revenue expectations for 2025 between $61.0 billion and $64.0 billion, with adjusted diluted earnings per share (EPS) anticipated to range from $2.80 to $3.00. The company has achieved significant cost s
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
Investors like to see capital-allocation hierarchies, and Nasdaq-100 (NDX) is one of them. Year-to-date, this index grew by 32%, capturing the performance of the 100 largest non-financial firms. Nearly 60% of Nasdaq 100 companies are from the IT sector, dominated by Apple at 8.85% weight, closely followed by Microsoft, Nvidia, Broadcom
Crypto Trading Volume At Robinhood Surged in Nov As Exchange Added 420k New Users
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Robinhood Markets, Inc. (NASDAQ: HOOD), based in Menlo Park, California, released its November 2024 data on December 11, highlighting notable growth across multiple metrics. The company reported increased funded customers, assets under custody, and trading volumes, underscoring a period of substantial expansion. With a focus on cryptoc
SMCI Plummets After Nasdaq-100 Removal Announcement
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Super Micro Computer, Inc. (SMCI) is set to be removed from the Nasdaq-100 Index, a change scheduled to take effect before the market opens on December 23, 2024. The announcement has already immediately impacted the company’s stock, with shares dropping 15% in pre-market trading at the time of writing. This development comes amidst the
Decoding Broadcom’s Quarterly Results: What It Signals for AI Growth
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Since the Broadcom (NASDAQ: AVGO) coverage mid-June, AVGO shares are up 27%. At that time, just ahead of the stock’s 10-for-1 split, we posited that Broadcom’s dual business model (data center/cybersecurity) is yet to yield significant gains for shareholders.
Most recently on Thursday, Broadcom pleasantly surprised AVGO shareholders.
BTC Report: Institutional Interest Grows As Bitcoin Hits Yearly High Amid Market Shifts
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Bitcoin (BTC), the leading cryptocurrency, continues to capture the attention of investors and analysts alike as its price hovers around the $100,000 mark. Recent market movements have shown steady but cautious optimism, with Bitcoin’s price experiencing a slight increase to $100,305.48. Despite the ongoing fluctuations, the cryptocurr
Broadcom’s AI Revenue Soars 220% to $12.2B Amid Growing Demand
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Broadcom (NASDAQ: AVGO) reported a remarkable surge in artificial intelligence revenue, marking a 220% increase over the past year as it published its fourth-quarter earnings results. This substantial growth has propelled the company’s AI revenue to $12.2 billion, highlighting its successful adaptation to the rising demand within the s