N Chandrasekaran’s decision not to seek another term as chairman of Tata Sons has triggered one of the biggest leadership questions in Indian corporate history, opening the door to a succession battle at a time when the 158-year-old conglomerate is navigating some of its most ambitious and capital-intensive projects. Tata Sons, which is the holding
Nebius stock bounced back this week, reaching its highest level since June 30 this year, up by 90% from its lowest point in July. It is slowly nearing its all-time high, helped by the ongoing demand for its products. Despite this growth, Michael Burry has shorted the company, warning that its performance is emblematic of
SpaceX (SPCX) shares face another test next week as about 320 million additional shares become eligible for trading. The stock has gained around 22% in the week since more than 900 million shares became eligible for sale. Rather than falling as investors had widely expected, SpaceX shares rose 6.1% that day and jumped around 15%
Micron Technology MU shares climbed on Friday after New Street upgraded the memory-chip maker to ‘Buy’, arguing that artificial intelligence could transform the company into a $2 trillion to $3 trillion business by the end of the decade. New Street raised its rating from Neutral to Buy and set a price target of $1,250, implying
The Schwab US Dividend Equity ETF (SCHD) has done well this year and is now sitting at its all-time high. It has jumped by 25% this year, beating the Nasdaq 100 and S&P 500 indices despite the fact that it has limited exposure to the artificial intelligence (AI) industry. It has become the second-biggest dividend
Nu Holdings (NU) shares are ripping higher this morning after the neobank reported blowout fiscal Q2 earnings, featuring a decisive top- and bottom-line beat. On the back of record unit economics, NU’s revenue climbed 39% year-on-year to $5.9 billion – helping its net income soar a remarkable 49% to $1.1 billion in the second quarter.
Klarna stock has rebounded modestly ever since publishing its financial results in February this year. It has rebounded from the year-to-date low of $12.30 in February to the current $20.68. This rebound will be put to the test next week when the company publishes its financial results, which will provide color on its business. Klarna
Fenway Sports Group (FSG) has agreed to sell a minority stake in Liverpool FC to 1892 Holdings, a consortium led by investor Amit Bhatia and backed by Amazon Executive Chairman Jeff Bezos, the Mittal Family Trusts, EE Capital and K5 Sports. The deal values the Premier League club at around £5.5 billion, according to reports,
SanDisk SNDK shares extended their recent rally on Friday after fresh bullish calls from Wall Street added to optimism surrounding the company’s long-term artificial intelligence strategy. The stock climbed about 6% during Friday’s session, marking its fifth consecutive day of gains and taking its weekly advance to roughly 34%. The latest move follows the company’s
Bullish stock surged on Thursday after reporting stronger-than-expected second-quarter revenue on Thursday. Record subscription and services income helped offset weaker cryptocurrency trading activity, even as swings in the value of its digital asset holdings weighed on profitability. The Peter Thiel-backed crypto exchange posted adjusted revenue of $92.6 million, up 62% from a year earlier and