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U.S. stocks were rising Friday afternoon, as shares of Amazon surged following its quarterly earnings results. The Dow, S&P 500 and Nasdaq were on pace to wrap up October with monthly gains despite the government shutdown.
Microsoft Corp. (MSFT) shares fell nearly 4% in extended trading after the company disclosed record capital expenditure of $35
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Amazon's third-quarter earnings surpassed Wall Street expectations and delivered the cloud-computing acceleration that investors were eager to see. The momentum could spark a turning point for shares of Amazon,
It feels like the AI race has reached an inflection point. Investors want results, not more pledges for further spending.
Intel has recovered after splitting off a subsidiary and raising funding from the U.S. government and Nvidia. The company's next move may be to split up its semiconductor manufacturing from its computer chip design.
Meta Platforms has finalized pricing on a $30 billion six-part bond sale, hot on the heels of a disappointing earnings report. The social-media company said proceeds from the sale would be used for general corporate purposes.
Amazon's cloud business knocked it out of the park and CEO Andy Jassy hinted that the unit is gaining momentum heading into the next few months giving him 'significant confidence' he said.
Apple's revenue and EPS exceeded estimates, but iPhone revenue and China sales missed expectations. Tim Cook talked AI and more in an earnings call.
Although Oracle experienced a decline of -6.7% in the past day, its counterpart Adobe might be a more favorable option.
Donald Trump’s re-election was supposed to deliver a booming stock market. It’s done that, just not for the reasons prognosticators anticipated.