The world’s biggest music streaming service reported Q1 earnings before the bell today.
Source: Sherwood News.
Category: Business
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GM soars after Q1 earnings impress, with automaker boosting full-year guidance
GM became the first of the big three Detroit automakers to report its first-quarter earnings before markets opened on Tuesday.
Source: Sherwood News.
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Technology stocks suffer after WSJ reports that the OpenAI has missed key revenue and user targets
% . With billions of dollars — and in some cases tens of billions of dollars — worth of contracts with each of those companies, any sign that OpenAI is struggling to reach escape velocity is understandably…
Source: Sherwood News.
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Google will supply AI models to Pentagon in classified deal, per The Information
The move follows similar government use deals penned by OpenAI and xAI.
Source: Sherwood News.
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Stocks eke out new record close as traders await Big Tech earnings and peace talk updates
In the absence of further developments for resolving the US-Iran conflict, gains in stocks were muted during today’s trading.
Source: Sherwood News.
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Memory stocks shine in messy day for markets
Sandisk and Micron hit new record highs in intraday trading.
Source: Sherwood News.
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Altman: We do “weird” things like building massive data centers so there will be “universal prosperity”
OpenAI’s CEO spelled out the company’s principles for AGI in a blog post.
Source: Sherwood News.
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AI data center and networking stocks take a breather after parabolic run
Doesn’t look too fundamental, even if you squint.
Source: Sherwood News.
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NFT price floors surge, but trading volume still in the dumps
CryptoPunks, Bored Ape Yacht Club, and Pudgy Penguins have each seen double-digit price floor increases in the last seven days, but are still far from their all-time highs.
Source: Sherwood News.
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Marvell cancels order with POET, citing breach of confidentiality
Last week, POET’s CFO gave an interview indicating that the company was a supplier to Marvell, something everyone was assuming anyway.
Source: Sherwood News.
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The Michael Jackson biopic has hauled $217 million in its global weekend debut
Over the weekend, “Michael” moonwalked to the biggest ever opening for a biopic.
Source: Sherwood News.
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Apple is on its way to becoming the biggest smartphone seller in China
The memory crunch has made iPhones a more popular alternative as competitors’ prices rise.
Source: Sherwood News.