Core Insights - The article discusses the significant investment in artificial intelligence (AI) as global leaders debate its sustainability, highlighting that companies are investing billions to capitalize on AI growth, with Nvidia being a leading player in this sector [1] Group 1: Industry Trends - The AI boom is attracting substantial financial investments from various companies, indicating a strong belief in its growth potential [1] - Global leaders are engaged in discussions regarding the sustainability of the AI boom, reflecting concerns about its long-term viability [1] Group 2: Company Focus - Nvidia is identified as a front-runner in the AI sector, benefiting from the influx of investments aimed at leveraging AI technologies [1]

Core Insights - Rivian Automotive is planning to lay off employees due to a decline in electric vehicle demand following the expiration of a significant US federal tax credit that had previously bolstered sales [1] Company Summary - The company is facing challenges in maintaining sales momentum as the expiration of the tax credit has led to a slowdown in demand for electric vehicles [1] Industry Summary - The electric vehicle industry is experiencing a shift in demand dynamics, particularly influenced by changes in government incentives such as tax credits, which are critical for consumer purchasing decisions [1]

Core View - Roth Capital analyst Darren Aftahi has adopted a bullish stance on Core Scientific Inc (NASDAQ: CORZ) despite the increasing unlikelihood of its expected deal with CoreWeave (NASDAQ: CRWV) [1] Company Summary - Core Scientific Inc is currently facing challenges regarding its anticipated partnership with CoreWeave, which now seems less probable [1]

Core Insights - Hasbro Inc. reported third-quarter results that exceeded Wall Street expectations for both earnings and revenue, indicating strong financial performance [1] Financial Performance - The company's earnings and revenue were driven by robust performance in its Wizards of the Coast and digital gaming segments, highlighting the success of these divisions [1]

Core Insights - Tesla's stock experienced a decline of approximately 6% at market open on Thursday, attributed to a disappointing third-quarter earnings report [1] - The earnings report indicated a significant profit decline, despite the company achieving record revenue [1] Financial Performance - The third-quarter earnings report revealed a notable decrease in profits for Tesla [1] - The company managed to achieve record revenue during the same period, highlighting a disparity between revenue growth and profit performance [1]

Core Viewpoint - Stocks remained largely unchanged as investors evaluated quarterly earnings from major companies like Tesla and IBM [1] Company Summaries - Tesla's quarterly earnings were a focal point for investors, indicating its performance and market position [1] - IBM's earnings report also contributed to the overall market sentiment, reflecting its operational results and strategic direction [1] Industry Insights - The overall market, represented by the Dow Jones Industrial Average and S&P 500, showed minimal movement, suggesting a period of consolidation as investors digest recent earnings reports [1]

Shares of Molina Healthcare fell nearly 20% in premarket trading on Thursday after the US health insurer once again reduced its full-year profit forecast, citing surging medical costs in its governmen... ...

Google's quantum leap sends a shockwave through the world's tech stack, as the tech giant unveiled a new quantum computing milestone, said to cut certain computational tasks from thousands of years to... ...

American Airlines shares rose in premarket trading on Thursday after the carrier reported a smaller-than-expected loss and stronger revenue for the third quarter. The company also lifted its full-year... ...

Dow futures edged lower on Thursday, as investors weighed mixed corporate earnings and macroeconomic headwinds, including heightened US-China trade tensions and new energy-related sanctions on Russia. IBM's earnings weighed on the market early on, and oil prices jumped after the US and EU rolled out new restrictions on Russian exports. ...