Key TakeawaysNvidia this week surged into the top position among the world's most valuable companies by market capitalization, surpassing Apple.The stock has traded mostly sideways to higher on low trading volumes since breaking out from a symmetrical triangle last month as investors look for future catalysts that may drive the AI favorite's next move.Investors should monitor key lower price levels on Nvidia's chart around $144, $125 and $97, while watching an important higher level near $180. Nvidia (NVDA) ...

Qualcomm (QCOM) posted fiscal fourth-quarter earnings that exceeded analysts' expectations and announced a $15 billion stock buyback, driving shares higher after the closing bell Wednesday. The chipmaker reported fourth-quarter revenue of $10.24 billion, up 19% year-over-year and above the analyst consensus from Visible Alpha. Net income was $2.92 billion or $2.59 per share, compared to $1.49 billion or $1.32 per share a year ago and beating Wall Street projections. The revenue gains came as handset semicon ...

Core Insights - Lyft has announced new partnerships with Mobileye, May Mobility, and Nexar to enhance its autonomous vehicle capabilities, following similar moves by competitors like Uber and Tesla [1][2][3] Group 1: Partnerships and Collaborations - Lyft's collaboration with May Mobility will introduce a fleet of Toyota Sienna minivans equipped with self-driving technology in Atlanta next year [3] - The partnership with Mobileye will integrate its self-driving software into Lyft's network, while the collaboration with Nexar aims to combine Lyft's data with Nexar's driving video footage for autonomous research [3] Group 2: Market Context and Competition - The partnerships are part of a broader trend among tech companies to establish a foothold in the autonomous driving sector, with Lyft and Uber positioned as potential beneficiaries of AV companies seeking to scale their market presence [4] - Lyft's moves come in the context of Tesla's recent unveiling of its autonomous taxi and Uber's partnerships with Waymo and Cruise [2][4] Group 3: Financial Performance - Lyft reported third-quarter revenue of $1.5 billion, exceeding expectations, and a net loss that was narrower than forecasted [5]

Key TakeawaysSupermicro shares took a major hit Wednesday after the company didn't say precisely when it would file its 2024 annual report following EY's resignation as auditor.JPMorgan analysts cut their price target by over 50% following the company's business update and earnings call.Super Micro has been given until Nov. 16 to file the report and return to compliance with Nasdaq rules. Super Micro Computer (SMCI) shares fell 20% Wednesday after the company inflamed concerns it could be delisted after it ...

Group 1 - Companies involved in large mergers saw a boost in their stock prices following Donald Trump's election victory, which raised optimism for regulatory approvals [1] - Discover Financial Services (DFS) experienced an 18% increase in stock price amid its $35.3 billion acquisition plan by Capital One Financial (COF), despite previous regulatory investigations [2] - Kroger (KR) and Albertsons (ACI) also saw stock gains of nearly 4% and over 2% respectively, as their $24.6 billion merger faces regulatory scrutiny [2] - Cleveland-Cliffs (CLF) shares rose approximately 22%, as the company may have a renewed opportunity to acquire U.S. Steel (X), which previously rejected its $7.25 billion offer [2] Group 2 - U.S. Steel's stock increased by 8% following Trump's comments about blocking its acquisition by Nippon Steel, emphasizing the potential for U.S. Steel to remain an American company [2] - Year-to-date stock performance data indicates significant gains for Discover Financial, Capital One Financial, Kroger, Albertsons, Cleveland-Cliffs, and U.S. Steel, reflecting market optimism [3]

Key TakeawaysQualcomm is set to report earnings after the bell Wednesday, with analysts expecting growth in revenue and a larger bump in profits.Analysts mostly have neutral ratings on the software and hardware maker, but still believe the stock has the ability to rise in the coming months.However, JPMorgan analysts on Tuesday said a sluggish smartphone and PC market could slow Qualcomm's revenue growth in its next fiscal year. Qualcomm (QCOM) will report its fourth quarter earnings after the market closes ...

Key TakeawaysFinancial service companies, along with the industrial and energy sectors and Tesla, led the S&P 500's rally Wednesday.Companies that issue credit cards performed particularly well, including Discover Financial Services and Synchrony Financial.Other gainers include cruise operators, commercial transit businesses and energy companies. The S&P 500 rose Wednesday, lifted by the strength of credit-card issuers, Tesla (TSLA) and the industrial and energy sectors in the first trading session after El ...

Key TakeawaysCVS Health reported better-than-expected quarterly results, and the new CEO made executive changes. The news lifted the stock Wednesday. Revenue was lifted by jumps in sales at the firm's Pharmacy & Wellness and Health Care Benefits segments.CVS also shook up its executive lineup, adding former UnitedHealth Group executive Steve Nelson to run the Aetna insurance division. CVS Health (CVS) shares surged after the pharmacy chain and healthcare company posted better-than-expected results and new C ...

Group 1 - U.S. oil company stocks experienced a rise, influenced by the potential return of former President Donald Trump, who is seen as a proponent of increased oil supply [1][2] - ExxonMobil shares increased by 2%, while Chevron shares rose approximately 3%. Smaller companies like Diamondback Energy, ConocoPhillips, and Halliburton also saw gains [2] - Trump has expressed intentions to boost oil production using emergency powers to facilitate new drilling, refinery construction, and other energy projects, promoting a "drill, baby, drill" approach [3] Group 2 - Crude futures initially fell but later recovered slightly, as expectations of increased supply contribute to an existing oil glut and a weak demand outlook, particularly due to China's slowing economy [4] - OPEC+ has extended output cuts for an additional month, yet these measures have not successfully halted the decline in oil prices this year, with major producers like the U.S. and Canada not part of the agreement [5]

Key TakeawaysAfter rising in premarket trading, Novo Nordisk's U.S.-listed shares fell after the market opened Wednesday as its third-quarter sales fell short of estimates despite continued growth form weight-loss drugs Ozempic and Wegovy.Sales rose 21% from the same time last year, but analysts had expected them to rise a bit higher.The Danish drugmaker also narrowed its full-year projections for revenue and operating profit. After rising in premarket trading, Novo Nordisk's (NVO) U.S.-listed shares fell a ...