Key TakeawaysAnalysts raised their price targets after Salesforce improved its full-year outlook.Agentforce, the company's autonomous AI offering, has seen "healthy early interest" since sales began in October, analysts said. Shares of Salesforce jumped Wednesday and have gained nearly 38% this year. Salesforce (CRM) shares are up after the company raised its full-year outlook Tuesday, and analysts are offering increasingly bullish price targets.  Stifel maintained its “outperform” rating and raised its pri ...

Key TakeawaysShares in Marvell Technology jumped in premarket trading Wednesday after the chipmaker posted strong quarterly results and issued a rosy outlook amid robust demand for its custom AI chips. The stock broke out from an ascending triangle on above-average volume Monday, a bullish chart pattern that indicates a continuation of the uptrend.A bars pattern, which takes the price bars from the stock’s trending move between October and November and repositions them from the ascending triangle’s lower tr ...

KEY TAKEAWAYSAmazon is building an artificial intelligence (AI) supercomputer made of its in-house Trainium chips and also a new server that it said will be used by AI startup Anthropic.Amazon recently invested an added $4 billion in Anthropic.The new chips and servers are part of Amazon Web Services' push to make its homegrown Trainium a "viable alternative" to Nvidia's GPUs, according to The Wall Street Journal. Amazon (AMZN) is building an artificial intelligence (AI) supercomputer made of its in-house T ...

Salesforce (CRM) improved its full-year outlook and reported third-quarter results that beat the Street's expectations, sending shares higher in extended trading Tuesday.  The cloud software company saw revenue grow 8% year-over-year to $9.44 billion, above the analyst consensus compiled by Visible Alpha. Earnings per share (EPS) were $1.58, up from $1.25 a year earlier and higher than analysts' expectations. Salesforce bumped up the low end of its fiscal 2025 revenue guidance to between $37.8 billion and ...

Key TakeawaysAmazon reported record sales and number of items sold at the start of the holiday shopping season.The online retailing giant said a majority of sales in Amazon's store came from independent sellers.Amazon also said its generative artificial intelligence features helped shoppers. It was a record-setting start to the holiday shopping season for Amazon (AMZN). The online retailing giant reported that its Black Friday Week and Cyber Monday event from Nov. 21 to Dec. 2 had all-time highs for sales a ...

Group 1 - Nvidia is considering using its cash reserves for mergers and acquisitions, as stated by the CFO at a conference [1][2] - The company ended its fiscal third quarter with $38.5 billion in cash, cash equivalents, and marketable securities, an increase from $34.8 billion in the previous quarter [3] - UBS analysts project Nvidia will generate $120 billion in free cash flow by 2025 [1] Group 2 - Nvidia has experienced strong demand for its AI chips, including the next generation Blackwell graphics processing units [3] - Nvidia's stock has surged 180% in 2024, although shares were relatively unchanged during intraday trading on Tuesday [4]

KEY TAKEAWAYSAT&T pledged to return more than $40 billion to shareholders via dividends and buybacks over the next three years, while forecasting more than $18 billion in free cash flow in 2027.AT&T's plan also involves expanding its fiber network and modernizing the wireless business.DirecTV deal still expected to close in mid-2025. AT&T (T) outlined an ambitious strategic plan Tuesday, pledging to return more than $40 billion to shareholders via dividends and buybacks in the next three years, while foreca ...

Key TakeawaysBlackRock is acquiring HPS Investment Partners in a deal valued at roughly $12 billion.The move to buy HPS is the asset management giant's latest push into the growing world of private credit.The nearly $150 billion managed by HPS will bring BlackRock's managed "alternative assets" to about $600 billion, the Wall Street Journal reported. BlackRock (BLK) has agreed to acquire private credit firm HPS Investment Partners in a deal valuing the company at about $12 billion, as BlackRock continues it ...

Key TakeawaysIntel shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim co-CEO’s as it searches for a permanent replacement.The stock dropped Monday towards the 50-day moving average on the highest volume in more than a month, indicating selling conviction behind the move.Investors should watch key support levels on Intel's chart around $22 and $18.50, while also monitoring resistance levels nea ...

Shares of Tesla slipped in after-hours trading Monday following the news that a Delaware judge for a second time moved to strike down a multibillion-dollar pay package for CEO Elon Musk. Tesla's (TSLA) stock, which rose more than 3% in Monday's regular session, was off more than 1% in late action. The decision by Chancellor Kathaleen McCormick upholds her own, earlier, ruling invalidating the package, which was valued above $50 billion. That decision was followed in June by a shareholder vote to approve th ...