Key TakeawaysBoeing withdrew its contract offer to striking machinists after the union rejected it.S&P Global warned that the strike is negatively affecting the plane maker's financial position, and it may downgrade Boeing's debt if it continues.The walkout began last month after union members voted to reject the deal that the two sides had developed. Boeing (BA) shares fell Wednesday after the plane maker withdrew its contract offer for its striking machinists and S&P Global put its bond rating on a watch ...

Core Insights - Nvidia shares are approaching all-time highs due to strong optimism surrounding its AI product sales [1] - Foxconn reported exceptionally high demand for Nvidia's Blackwell system [1] - Nvidia's executive highlighted that AI will "revolutionize" various industries [1] Group 1: Stock Performance - Nvidia shares recently increased to $133.30, nearing their all-time closing high of $135.58 achieved on June 18 [1] - The record intraday high for Nvidia shares is $140.76, recorded shortly after the closing on June 18 [1] - Nvidia shares have surged approximately 170% this year [2] Group 2: Product Demand and Innovation - Foxconn's strong demand for servers powered by Nvidia's GB200 semiconductors indicates robust market interest [1] - Microsoft announced it is the first cloud provider running the Blackwell system with GB200-powered AI servers [1] - OpenAI acknowledged Nvidia for delivering one of the first engineering builds of the DGX B200 [1] Group 3: Energy Efficiency - Nvidia's Blackwell platform has reduced energy consumption by up to 2,000 times over the past decade for AI training models like GPT-4 [2] - The company is focusing on designing systems with both performance and energy efficiency in mind [2] - Nvidia's vice president stated that the company is at the beginning of a new industrial revolution [2]

Key TakeawaysSeptember sales rose at Taiwan Semiconductor Manufacturing Co. (TSM), with the chipmaker reporting numbers that pointed toward better-than-expected third-quarter revenue.The Apple and Nvidia supplier reported third quarter sales of roughly $23.58 billion, better than analyst estimates and the company's own projections.The company is set to report the rest of its third-quarter results the morning of Oct. 17. September sales rose at Taiwan Semiconductor Manufacturing Co. (TSM), with the chipmaker ...

KEY TAKEAWAYSPfizer CEO Albert Bourla reportedly is planning to meet with Starboard Value after the activist investor took a $1 billion stake in the struggling drugmaker.Bourla and at least one other director will hold discussions with Starboard next week, the Financial Times reported, in a sign that the hedge fund’s demands are being taken seriously by the COVID-19 vaccine maker. Pfizer's shares have halved since their pandemic peak in 2021 as demand for its COVID-19 vaccines slumped. Pfizer (PFE) Chief Ex ...

Core Insights - Robinhood Markets announced its first investor day scheduled for December 4, where it will discuss its long-term vision and strategies to enhance customer and shareholder value [1] - Barclays raised its price target for Robinhood from $20 to $23, citing ongoing business momentum and expected growth in transaction revenues [2] - Shares of Robinhood have nearly doubled in 2024, reflecting strong market performance and investor interest [1][2] Company Developments - The investor day will take place in New York City, allowing executives to engage with investors and analysts [1] - Barclays analysts anticipate that transaction revenues will exceed Wall Street estimates by 5% in the upcoming quarters [2] - CEO Vlad Tenev is expected to introduce new products at the upcoming "HOOD Summit" on October 16 [2] Market Performance - Robinhood's stock experienced an approximately 8% increase on the day of the announcement, contributing to its year-to-date gains [2] - The stock price reached $25.01, reflecting a 7.23% increase on the trading day [3]

Key TakeawaysMining company stocks sank Tuesday after China's latest moves to boost its economy fell short of a hoped-for major stimulus package.The country's economic planning agency maintained that China still expects to meet its annual economic goals.The news sent prices for gold, silver, copper, and other metals lower Tuesday. Shares of Freeport-McMoRan (FCX) and other miners tumbled Tuesday, along with the prices of key metals, after China announced economic measures that fell short of a much-anticipat ...

Group 1 - Chinese stocks experienced a significant decline after reopening from a week-long holiday, disappointing investors who anticipated additional stimulus measures [1][2] - The Chinese government indicated it would accelerate spending but largely reiterated previous plans focused on increasing investment and supporting fresh graduates and low-income groups [1] - The iShares MSCI China ETF fell more than 11% intraday, reflecting investor sentiment [2] Group 2 - U.S.-listed shares of major Chinese e-commerce companies, including Alibaba, JD.com, and PDD Holdings, saw a decline of approximately 6% [2]

Nvidia (NVDA) stock rose on Tuesday after Foxconn, the world’s largest contract electronics manufacturer, touted strong demand for artificial intelligence servers.  Executives at Foxconn—officially named Hon Hai Precision Industry—said Tuesday at the company's annual tech day they were constructing in Mexico the world’s largest facility for assembling AI servers to house Nvidia’s GB200 chips, part of its Blackwell AI architecture. Young Liu, chair of Foxconn, said in an interview with Bloomberg Television ...

Key TakeawaysAnalysts at Oppenheimer downgraded shares of Microsoft from "outperform" to "perform" on Tuesday.That's rare on Wall Street, with nearly all of the analysts currently tracking the software giant holding "buy" or equivalent ratings.The stock rose Tuesday, leaving it up about 11% on the year. Optimism about AI-related growth has helped shares of Microsoft (MSFT) this year, but at least one investment bank is urging caution about what might come next. Oppenheimer analysts on Tuesday downgraded sha ...

Source: TradingView.com.Key TakeawaysPfizer shares have gained ground since a report over the weekend said that activist investor Starboard Value has taken a roughly $1 billion stake in the drug maker and is pushing for changes.The stock has formed a cup and handle, a chart pattern signaling a potential bullish reversal.Investors should watch higher price levels on Pfizer's chart around $31.75, $34.75, $37, and $39.75, while also monitoring the $28.25 support area. Pfizer (PFE) shares have gained ground s ...