Analysis

TradingKey - In the US, Big Tech has been gearing up to report their latest numbers as earnings season kicks into gear. For a lot of the large cloud companies, investors have been watching out for how the Artificial Intelligence (AI) story plays out.

(Reuters) -Facebook owner Meta Platforms on Wednesday warned of "significant acceleration" in artificial intelligence-related infrastructure expenses next year, while beating analysts' estimates for third-quarter revenue and profit.

Reddit sold the majority of its cryptocurrency holding, mainly dominated by Bitcoin, before BTC started pumping up in October, as revealed in its latest Securities and Exchange Commission (SEC) filing. 

SEOUL (Reuters) -Samsung Electronics said it would focus on producing high-end chips and was making progress on a major supply deal, as it sought to allay investor concerns over its semiconductor business that suffered a 40% quarter-on-quarter profit plunge.

Palantir Technologies (NYSE: PLTR) seems to be in the right place at the right time. Investor optimism about artificial intelligence (AI) is rising, while global tensions could boost demand for the company's military targeting and analytics software.

(Reuters) - Japanese investors sold overseas assets for a third straight week through Oct. 26, cashing in on the yen's sharp decline amid U.S. election uncertainties and reduced expectations of big Federal Reserve rate cuts.

McDonald's (NYSE: MCD) shares took a hit after the company's popular quarter pounders were linked to an E. coli outbreak in several Western and Midwest states. The U.S. Department of Agriculture believes that the onions used in the burgers were the likely source of the contamination.

Starbucks Corporation (NASDAQ:SBUX) reported disappointing fourth-quarter results that fell short of analyst expectations, sending shares down 1.5% in after-hours trading. The coffee giant's earnings and revenue declined as it faced challenges in customer experience and traffic.

MicroStrategy, the world’s largest corporate Bitcoin holder, has unveiled plans to raise $42 billion in capital over the next three years to expand its Bitcoin holdings.

Adobe's fiscal-year calendar doesn't follow the earnings season of most other tech giants, so its fourth-quarter and full fiscal-year results won't be reported until Dec. 11. But Adobe's own projections call for decent, but not great results for the full-fiscal year.

Investing.com -- Microsoft reported Wednesday fiscal first-quarter results that topped Wall Street estimates, underpinned by growing cloud revenue amid a wave AI-related enterprise spending.

TradingKey - Data on global economies is always something closely watched by investors. That’s even more true in the US, the world’s largest economy and home to the world’s largest stock market.

eBay Inc (NASDAQ:EBAY) reported third-quarter earnings that slightly beat analyst expectations, but shares plummeted 10% in after-hours trading due to disappointing guidance for the crucial holiday shopping season.

Coinbase reported Wednesday third-quarter earnings that fell well short of Wall Street estimates as weakness in cryptocurrencies during the quarter kept a lid on trading volumes.

TradingKey - The earnings season for “Big Tech” in the US, for Q3 2024, is officially in full swing this week as a host of large technology companies – many part of the “Magnificent Seven” – post their latest numbers.

In the world of technology and investing, Artificial Intelligence (AI) is all the rage right now. That’s been mainly down the remarkable demand for computing power required to process the large language models (LLMs).

Reddit Inc (NYSE:RDDT) reported better-than-expected third-quarter results and provided strong guidance, sending its shares soaring over 17% in after-hours trading.

Reuters published a report today stating that OpenAI is working on a new in-house AI chip. Broadcom is assisting with the design of the chip, and Taiwan Semiconductor Manufacturing is also involved in the process.

Advanced Micro Devices Inc (NASDAQ:AMD) reported third-quarter earnings that met expectations, but its fourth-quarter revenue guidance fell short of analyst estimates, sending shares down 6.5% in after-hours trading.

U.S. equities were mixed at the close on Tuesday, as gains in the Technology, Consumer Services and Healthcare sectors propelled shares higher while losses in the Utilities, Oil&Gas and Consumer Goods sectors led shares lower.