Spotify introduced verified badges for musician profiles in late April.
Source: Sherwood News.
Category: Business
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Hyperliquid Strategies spikes on report that the SEC will soon greenlight an “innovation exemption” for tokenized stocks
Per the report, crypto wrappers of stocks may be allowed even if the underlying company doesn’t consent.
Source: Sherwood News.
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Home Depot reports Q1 earnings beat, full-year guidance reaffirmed
The home improvement retailer beat Wall Street estimates and reaffirmed its full-year guidance, despite navigating macroeconomic housing headwinds.
Source: Sherwood News.
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Google and Blackstone to create new AI cloud firm, sending neoclouds like Coreweave and Nebius lower
The new company will use Google’s custom AI chips to meet surging demand for computing capacity.
Source: Sherwood News.
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Demis Hassabis, Google DeepMind’s CEO and founder, was also an early Anthropic investor
He’s also a Nobel Prize winner and a knight of the British realm.
Source: Sherwood News.
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ServiceNow rises after Bank of America analysts reinstate as a Buy with a $130 price target
ServiceNow (NOW) is up 4% in early trading on Tuesday, after Bank of America analysts reinstated coverage of the stock with a buy rating and a $130 price objective. Now seeing the company as an “AI beneficiary…
Source: Sherwood News.
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Tech drags down stocks as semiconductors slip
Stocks fell as memory and semiconductor shares declined, along with five of the Magnificent 7 names.
Source: Sherwood News.
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Meta to lay off 8,000 employees, move 7,000 to new initiatives related to AI
As part of the restructuring, the company will also be eliminating managerial roles.
Source: Sherwood News.
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Memory stocks tumble after Seagate warns on difficulty of meeting demand, bond yields edge higher
A full reading of the Seagate CEO’s remarks suggests more positivity than the truncated versions provide.
Source: Sherwood News.
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Lumentum, Coherent fall after hedge fund manager Aschenbrenner dumps his holdings
Stocks fells as, Leopold Aschenbrenner, a former OpenAI researcher, got rid of his Lumentum and Coherent shares on Monday.
Source: Sherwood News.
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Jury rules against Musk in lawsuit against OpenAI and Altman
A jury found Altman and OpenAI not liable on Monday, following a three-week trail.
Source: Sherwood News.
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How surging bond yields threaten to derail the momentum trade in stocks
Sharp changes in yields mean the world might be changing. Momentum stocks like it when the world stays the same.
Source: Sherwood News.