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Nvidia, TSMC, Other AI Chip Stocks Surge as Foxconn Posts Record Revenue
Investopedia· 2025-01-06 12:30
Foxconn's Record Revenue and AI Demand - Foxconn (Hon Hai Precision Industry) reported a 15% year-over-year increase in Q4 revenue, reaching NT$2.132 trillion ($65.09 billion), driven by strong demand for AI technologies [1] - December sales surged 42% to NT$654.83 billion, reflecting robust growth in AI server demand [1] - Foxconn's shares rose 2% in Taiwanese trading following the announcement [2] AI Chip Companies' Stock Performance - Nvidia shares increased by 2% in premarket trading ahead of CEO Jensen Huang's CES keynote [3] - Advanced Micro Devices (AMD) and Micron Technology (MU) shares rose 3% and 4%, respectively, in premarket trading [3] - Taiwan Semiconductor Manufacturing Co (TSMC) and ASML Holding shares surged 4.5% and 6%, respectively, in premarket trading [4] Industry Impact of AI Boom - The surge in chip stocks is attributed to the booming demand for AI technologies, as highlighted by Foxconn's record revenue [1][4] - AI server demand is a key driver behind the strong revenue growth for Foxconn and the positive performance of related chip companies [2][4]
Microsoft Slated to Invest $80 Billion in AI-Enabled Data Centers This Fiscal Year
Investopedia· 2025-01-03 23:00
Key Takeaways - Microsoft plans to spend approximately $80 billion on data centers to support artificial intelligence in the current fiscal year [2] - More than half of the $80 billion investment will be allocated within the United States [3] - The U S is leading the global AI race due to private capital investments and innovations by American companies [4] Industry and Company Insights - The U S tech industry is experiencing a "world-changing" technology boom driven by collaboration among tech companies, chip suppliers, and software developers in AI [3] - American tech companies are investing trillions into data centers that AI relies on and exploring nuclear energy as a power source [3] - Microsoft emphasizes the importance of government, education, and non-profit sectors in advancing AI technology [5] Public Policy and Regulation - Microsoft urges the Trump Administration to increase AI research funding and develop a national "talent strategy" to train Americans in AI [5] - The company highlights the need for balanced AI regulations to support American firms' competitiveness abroad, especially against Chinese rivals [5] - The U S public policy priority should be to ensure the private sector can continue to advance without being hindered by heavy-handed regulations [6]
S&P 500 Gains and Losses Today: Index Jumps as Supermicro and Tesla Bounce Back
Investopedia· 2025-01-03 22:40
Key TakeawaysThe S&P 500 added 1.3% on Friday, Jan. 3, ending a streak of five straight down days as stocks looked to regain their momentum to start the new trading year.Super Micro Computer shares surged, bouncing back from five straight down days as the server maker aims to move past last year's accounting-related issues.Tesla stock also recovered from a string of recent losses as the carmaker said it achieved a sales record in China for 2024. Major U.S. equities indexes pushed higher on the final day of ...
Apple's $95 Million Siri Privacy Settlement: What You Need To Know
Investopedia· 2025-01-03 21:20
Key TakeawaysApple has agreed to a potential $95 million settlement over privacy issues related to Siri, the company's voice-activated digital assistant. The settlement, which has to be approved by a judge, could award certain Apple device owners as much as $20 per device, for up to five devices.The class action suit followed 2019 reports that recordings of private conversations when Siri had accidentally been activated were shared with third-party contractors. Apple (AAPL) this week agreed to a proposed $9 ...
Ford, GM Post Highest Annual US Sales Since 2019
Investopedia· 2025-01-03 21:20
Sales Performance - Ford Motor sold 2 08 million vehicles in 2024 a 4% year-over-year increase marking its highest sales since 2019 when it sold 2 42 million vehicles [1] - General Motors sold 2 7 million vehicles in 2024 a 4% increase compared to 2023 and its highest since 2019 when it sold 2 89 million vehicles [1] - Ford's fourth-quarter sales increased by 9% while GM's fourth-quarter sales rose by 21% [1] Electric Vehicle Sales - Ford sold a total of 285 291 hybrid plug-in hybrid and electric vehicles in 2024 a 38% increase year-over-year [2] - GM's electric vehicle sales jumped 50% to 114 432 vehicles in 2024 [2] Stock Performance - Ford shares rose 2 6% intraday on Friday but fell 19% overall in 2024 [2] - GM shares gained 0 6% intraday on Friday and jumped 48% overall in 2024 [2]
Rezolve Ai Stock Jumps on Microsoft, Google Partnerships
Investopedia· 2025-01-03 18:45
Company Performance - Shares of Rezolve Ai (RZLV) climbed for a second straight day, rising 8% over the past two sessions after the company released its 2025 roadmap [1][3] Strategic Partnerships - Rezolve Ai plans to deepen its partnerships with Microsoft (MSFT) and Alphabet's (GOOGL) Google [1][3] - The company aims to expand its footprint in the $30 trillion global retail consumer market through these partnerships [2] - Microsoft's Azure Marketplace will offer Rezolve Ai's Brain Suite, and Google Cloud will resell Brain Suite to retailers [2] - The Google Cloud sales channel is expected to generate over 50% of Rezolve Ai's forecasted revenues over the next several years [2] Product Development - Rezolve Ai's Brain Suite includes personalized shopping assistants and AI-powered marketing tools designed to enable seamless, personalized shopping experiences for retailers worldwide [2][3] - The company reached deals with Microsoft and Google last year to sell its Brain Suite digital retail software [3]
Outgoing FAA Chief Says Boeing's Safety Turnaround 'Not a One-Year Project'
Investopedia· 2025-01-03 17:50
Key TakeawaysBoeing is working to improve its safety practices, but FAA head Mike Whitaker said Thursday the plan is "not a one-year project."Whitaker, who is leaving the FAA later this month, said the agency is still meeting with Boeing weekly to assess the plane maker's progress.Separately Friday, Boeing outlined its safety plan and some of the steps it has taken over the last year. Approaching one year since the Alaska Airlines (ALK) incident that saw a door panel detach from a Boeing (BA) plane in midai ...
Why Analysts Are Divided on Tesla Stock After Lackluster Q4 Deliveries Data
Investopedia· 2025-01-03 13:26
Key TakeawaysTesla shares have fallen 18% over the last five trading sessions, including a 6% drop Thursday as fourth-quarter delivery data fell short of estimates.Wedbush analysts are staying bullish, as they see a second Trump term providing some regulatory wins for Tesla and its robotaxi plans.Meanwhile, JPMorgan analysts think Trump's promise to eliminate the EV tax credit system could hurt Tesla's sales as competition continues to increase in the EV market. Tesla (TSLA) shares have fallen 18% in a five ...
Watch These Apple Stock Price Levels as $4T Market Cap Remains in Striking Distance
Investopedia· 2024-12-30 17:40
Apple's AI Software and Market Performance - Apple unveiled its AI software, Apple Intelligence, in June, with a slow rollout and potential impact on 2025 sales [1] - Apple shares have gained around 31% since the start of the year, outperforming the S&P 500's 24% increase [21] Technical Analysis and Key Price Levels - Apple shares moved lower Monday morning, tracking a broader decline for U S stocks, but the company remains close to reaching a $4 trillion market capitalization [17] - A bearish evening star pattern has formed over the past three trading sessions, indicating a potential reversal in the stock [7] - Key support levels to watch are around $237 and $218, with a bullish price target near $278 [7][13] - The first level to eye sits around $237, near the 50-day moving average and the ascending triangle's top trendline [6] - A decisive close below $237 could see Apple shares retrace to the $218 level [14] - The bullish price target of $278 is calculated using the measuring principle, adding $41 to the initial breakout area of $237 [15] Market Activity and Investor Interest - Volume spikes in the stock on June 21, Sept 20, and Dec 20 coincided with triple witching days, suggesting portfolio rebalancing by larger market participants [2] - Last Thursday, Apple set a fresh record high just above $260, with analysts predicting a "golden era of growth" in 2025 due to AI demand [20] - Investors are watching if Apple shares can hit $264 62, the price needed to reach a $4 trillion market cap [20] Chart Patterns and Momentum - Apple shares have trended higher since breaking out above a broad ascending triangle formation earlier this month [18] - The relative strength index (RSI) made a comparatively shallower high as the stock climbed to a record high last week, creating a bearish divergence and indicating weakening price momentum [8]
Archer Aviation Stock Sinks After Firm Doubles Available Shares, Changes Bylaws
Investopedia· 2024-12-30 16:41
Key TakeawaysArcher Aviation shareholders agreed to double the amount of common stock available on the market.The United Airlines-backed maker of electric vertical takeoff and landing (eVTOL) aircraft also issued shares to carmaker Stellantis following a previous agreement.The company also changed board and ownership requirements to align with federal U.S. citizenship regulations. Archer Aviation (ACHR) shares sank 11% Monday when the manufacturer of electric vertical takeoff and landing (eVTOL) aircraft ba ...