Key TakeawaysNvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about competitiveness of American AI firms and their spending on artificial intelligence. The rapid rise of lower-cost models from Chinese companies that can compete with those from leading American firms has spurred a reckoning on Wall Street.Bank of America analysts told clients in a note Wednesday they see this as "AI's Sputnik moment," suggesting the competition could push U.S. ...

RADNOR, Pa. , Jan. 29, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Nextracker Inc. ("Nextracker") (NASDAQ: NXT) on behalf of those who purchased or otherwise acquired Nextracker common stock between February 1, 2024, and August 1, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is February 25, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:     If you suffered Nextra ...

Intel Corp INTC will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 12 cents in EPS and $13.81 billion in revenues as the company reports after market hours.The stock is down 54.51% over the past year, 1.36% YTD. Investors are closely watching updates on PC demand, AI pipeline, and the ongoing CEO search. The chipmaker has struggled with weak AI positioning and declining data center market share, raising concerns over its long-term growth.Let’s look at what the charts indicate for ...

General Dynamics (GD -4.05%) topped quarterly expectations, but some of the company's key business units underwhelmed. Investors were disappointed, sending General Dynamics shares down 6% at the open Wednesday and down 4% as of 1:30 p.m. ET.A subdued beatGeneral Dynamics earned $4.15 per share on sales of $13.3 billion in the quarter, topping Wall Street's $4.05 per share-on-$12.8 billion consensus estimate. But that consensus had reset lower during the quarter, and some of the underlying numbers were less ...

Big Tech sold off on Monday after reports that Chinese startup DeepSeek created an artificial intelligence (AI) model that outperformed OpenAI's at a substantially lower cost. Now, Alibaba Group Holding Ltd (NYSE:BABA) is joining the race, claiming its own AI model Qwen 2.5 surpassed DeepSeek-V3.Options traders are blasting the security in response, with 740,000 calls and 150,000 puts exchanged so far -- five times the overall volume typically seen at this point. Most popular is the weekly 1/31 100-strike c ...

C3.ai (AI -5.14%) stock is seeing sell-offs in Wednesday's trading. The software and consulting specialist's share price was down 4% as of 1:20 p.m. ET today. Meanwhile, the S&P 500 index had fallen 0.6%, and the Nasdaq Composite index was down 1%.C3.ai's valuation pullback is being driven by news surrounding DeepSeek R1, a potentially disruptive new artificial intelligence (AI) model from a Chinese company that debuted last week. AI stocks are losing ground again today as investors weigh the potential impl ...

Norfolk Southern Corporation’s (NSC) fourth-quarter 2024 earnings of $3.04 per share (excluding 19 cents from non-recurring items) beat the Zacks Consensus Estimate of $2.95 and increased 7.4% year over year, owing to lower costs.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Railway operating revenues were $3.02 billion in the quarter under review, lagging the Zacks Consensus Estimate of $3.03 billion. The top line decreased 2% year over year due to weakness across all segments.Over ...

WILLIAMSPORT, Pa., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $17.7 million for the twelve months ended December 31, 2024, resulting in basic and diluted earnings per share of $2.35. Highlights Net income, as reported under generally accepted accounting principles (GAAP), for the three and twelve months ended December 31, 2024 was $3.7 million and $17.7 million, respectively, compared to $5.6 million and $16.6 million for the s ...

The insurance company beat on the top and bottom lines, and showed revenue growth in key segments.Progressive (PGR 0.70%), known for its significant presence in the auto insurance industry, released its fourth-quarter results on Jan. 29. The company reported diluted earnings per share (EPS) of $4.01, which exceeded analysts' consensus expectations of $3.57. Revenue stood at $19.144 billion, likewise surpassing the estimated $18.297 billion. MetricQ4 2024Q4 2024 Analysts' EstimateQ4 2023% ChangeEPS (diluted) ...

HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) announced today that its stockholders have voted at a special meeting of the Company’s stockholders (the “Special Meeting”) to approve the pending acquisition of the Company by an affiliate of Tres Energy LLC. Under the terms of the merger agreement that was approved at the Special Meeting, Adams stockholders will receive $38.00 per share in cash for each share of Adams common stock they ...