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AppLovin’s Nasdaq-Topping 700% Rally Sets Up Challenging 2025
  • January 8, 2025

AppLovin’s Nasdaq-Topping 700% Rally Sets Up Challenging 2025

(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The stock fell 7% on Tuesday after Bank of America analysts said fourth-qua

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Absci Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery
  • January 8, 2025

Absci Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery

AI drug creation company Absci Corporation (NASDAQ:ABSI) shares are trading higher in premarket on Wednesday after the company entered into a strategic collaboration with Advanced Micro Devices Inc (NASDAQ:AMD) to enhance its AI drug discovery capabilities. The partnership will leverage AMD Instinct accelerators and ROCm software to support Absci’s advanced de novo antibody design models. The deal also includes a $20 million private investment in public equity (PIPE) by AMD, underscoring the ris

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Nvidia Teams Up With MediaTek to Challenge Intel and AMD in Desktop CPU Market
  • January 8, 2025

Nvidia Teams Up With MediaTek to Challenge Intel and AMD in Desktop CPU Market

On Tuesday, Nvidia Corp (NASDAQ:NVDA) chief Jensen Huang said Taiwanese fabless semiconductor company MediaTek could sell the desktop central processor chip the two companies revealed this week. On Monday at CES 2025, Nvidia showcased Project DIGITS, a desktop computer that leverages the chip designer’s latest Blackwell AI chip and contains a new central processor that Nvidia and MediaTek co-developed, SCMP reports. Huang told analysts that Nvidia tapped MediaTek to co-design an energy-efficient

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How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings
  • January 8, 2025

How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Goldman Sachs Group, Inc (NYSE:GS) will release earnings for its fourth quarter, before the opening bell on Wednesday, Jan. 15. Analysts expect the New York-based investment bank to report quarterly earnings at $8.35 per share. That’s up from $5.48 per share in the year-ago period. Goldman Sachs expects quarterly revenue of $12.42 billion, compared to $11.32 billion a year earlier, according to Benzinga Pro. On Monday, Barclays analyst Jason Goldberg maintained Goldman Sachs with an Overweight.

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European wind stocks take beating after Trump calls turbines 'garbage'
  • January 8, 2025

European wind stocks take beating after Trump calls turbines 'garbage'

European wind power stocks fell on Wednesday after U.S. President-elect Donald Trump said he would try to ensure that "no windmills" are built on his watch, criticising the sector less than two weeks before he is due to take office. Trump's latest swipe against the industry raises concerns about how the U.S. wind market, the world's second-biggest after China, will develop in his second term, causing investors of companies with skin in the game to sell. Shares in the world's two biggest offshore wind farm developers - Denmark's Orsted and Germany's RWE - as well as turbine makers Siemens Energy, Nordex and Vestas were down between 2.9% and 7.3%.

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Trump Fuels European Stock Swings In Sign of Things to Come
  • January 8, 2025

Trump Fuels European Stock Swings In Sign of Things to Come

(Bloomberg) -- Days before his inauguration, Donald Trump is moving stock markets with comments on everything from defense to renewable energy, and even Greenland.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?NYC Condo Owners May Bear Costs of Landmark Green Building LawCan States Hit the Brakes on Runaway Roadbuilding?Shares in firms exposed to win

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