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Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows
Reuters131d agoneutral
Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows

Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline ‌operations and sharpen focus on its key bets including its AI efforts, according ‌to an internal memo seen by Reuters on Wednesday. CEO Sasan Goodarzi sent an email to staff earlier ​in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter. Intuit, which is scheduled to report third-quarter results later on Wednesday, did not immediately return a request ‌for comment.

How META Stock Rises To $1,000
Trefis131d agoneutral
How META Stock Rises To $1,000

Meta Platforms (META) trades at around $600 per share, reflecting a $1.5 trillion market capitalization and a trailing price-to-earnings ratio of around 22. This multiple sits below both the three-year average of 25 and the three-year peak of 33. Operating fundamentals present a trailing twelve-month revenue growth of 26.2% alongside a three-year compound annual growth rate of 22.4%. Meta currently generates a trailing net margin of 32.8%, positioned comfortably between its three-year average of

Nvidia Earnings Don’t Matter This Time
24/7 Wall St.131d agoneutral
Nvidia Earnings Don’t Matter This Time

Currently, option traders are betting that Nvidia’s (NASDAQ: NVDA) market cap could rise or fall by $355 billion based on earnings. Nvidia’s current market cap is $5.3 trillion. The stock is up 18% so far this year, compared to the S&P 500, which is up 7%. Nvidia has signaled to Wall St. what investors should ... Nvidia Earnings Don’t Matter This Time

David Tepper Hit Micron at the Perfect Moment. His Fund’s Other Holdings Are Also Worth a Look
24/7 Wall St.131d agoneutral
David Tepper Hit Micron at the Perfect Moment. His Fund’s Other Holdings Are Also Worth a Look

David Tepper of Appaloosa Management is already a big name in the hedge fund world. What makes Tepper stand head and shoulders above the crowd at a time like this, though, is his fund’s more recent track record of performance. Indeed, Appaloosa has been making some really outstanding calls, specifically within the AI semi space, ... David Tepper Hit Micron at the Perfect Moment. His Fund’s Other Holdings Are Also Worth a Look

Higher Prices Could Slow the AI Building Boom
The Wall Street Journal131d agoneutral
Higher Prices Could Slow the AI Building Boom

AI’s big bucks go mostly toward computing gear like chips and servers in data centers. Should that trend persist, it could come to bite suppliers including chip giant Nvidia which reports quarterly results after the bell today. Nvidia can insulate itself from cost inflation by expanding offerings that don’t require as much in-demand memory, by passing on higher prices to customers and by inking longer-term deals with its own suppliers at lower prices.

CEOs Are Getting Ruthless About Worker Performance
Bloomberg131d agoneutral
CEOs Are Getting Ruthless About Worker Performance

(Bloomberg) -- The way Unilever Plc Chief Executive Officer Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensTrump Thre

Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos
Bloomberg131d agobullish
Nvidia Earnings Can Affirm Chip Stock Rally or Spur Market Chaos

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBilliona

Analysts Express Optimism on Amazon (AMZN) Amid AWS and AI Growth
Insider Monkey131d agoneutral
Analysts Express Optimism on Amazon (AMZN) Amid AWS and AI Growth

Paul Marshall and Ian Wace rank among the richest hedge fund managers in the world. Accounting for a 2.52% share ($2.76 billion) in the portfolio, Amazon.com, Inc. (NASDAQ:AMZN) ranks as Marshall Wace’s top stock pick. On May 13, Wolfe Research published its internet sector study, which included Amazon.com, Inc. (NASDAQ:AMZN) among its top picks. Wolfe […]

Nvidia Earnings Likely to Shine Even as Stock Underperforms
Barrons.com131d agobearish
Nvidia Earnings Likely to Shine Even as Stock Underperforms

Artificial-intelligence leader Nvidia has a big task when it reports first-quarter earnings later today: convince investors that the AI investment boom still has legs and that Nvidia won’t lose its pole position. Wall Street analysts expect the company to report earnings per share of $1.75, up from 81 cents a year ago. Nvidia remains the biggest winner of the AI age.

TD Cowen Highlights Waymo Growth at Alphabet (GOOGL)
Insider Monkey131d agoneutral
TD Cowen Highlights Waymo Growth at Alphabet (GOOGL)

George Soros ranks among the richest hedge fund managers in the world. While Amazon.com, Inc. (NASDAQ:AMZN) remains the billionaire’s largest position, Alphabet Inc. (NASDAQ:GOOGL) ranks 2nd on the list of George Soros’ top holdings with a 2.32% portfolio share ($200 million). BofA Securities restated a Buy rating and $430 price target for Alphabet Inc. (NASDAQ:GOOGL) on […]

Amazon Lawsuit Adds New Risk Layer To Valuation And Share Momentum
Simply Wall St.131d agobearish
Amazon Lawsuit Adds New Risk Layer To Valuation And Share Momentum

Amazon.com (NasdaqGS:AMZN) is facing a class-action lawsuit over how it handled tariff-related price increases on imported goods. The case follows a U.S. Supreme Court ruling that certain Trump-era tariffs were unlawful. Plaintiffs allege Amazon raised prices, did not seek available tariff refunds from the government, and is withholding potential customer restitution that could reach into the hundreds of millions of dollars. For investors tracking Amazon.com at a current share price of...

Chewy CEO Says Consumers Are ‘Stretched.’ The Pet Care Stock Drops.
Barrons.com131d agoneutral
Chewy CEO Says Consumers Are ‘Stretched.’ The Pet Care Stock Drops.

The CEO of online pet retailer Chewy says pet owners are feeling “more stretched” these days, an ominous sign for consumer spending that sent the stock down 9% in Tuesday trading. Sumit Singh made the remarks during the J.P. Morgan Technology, Media & Communications Conference. “In the last couple of months, we are continuing to see and interpret the consumer as being more stretched than we were when we entered the year,” Singh said.