UBS argues that a) Micron’s future profitability is still underappreciated, and b) investors should be willing to pay more for these earnings, because a large chunk of demand is already locked down.
Source: Sherwood News.
Category: Business
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S&P 500 posts weekly gain for its 8th consecutive week
The benchmark index is on its longest weekly winning streak since 2023.
Source: Sherwood News.
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Hardware stocks jump thanks to server demand and record Lenovo revenue
Server stocks are rallying as Dell (DELL), Super Micro Computer (SMCI), and Hewlett Packard Enterprise (HPQ) ride the momentum of Hong Kong-based Lenovo. The PC-maker’s stock rose 19% on Friday, hitting…
Source: Sherwood News.
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Figure’s robots just sorted packages for 200 hours straight
What started as a 10-hour human-vs-robot challenge turned into a continuous marathon shift spanning nine days of continuous work.
Source: Sherwood News.
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Figure’s robots just sorted packages for 200 hours straight
What started as a 10-hour human-vs-robot challenge turned into a continuous marathon shift spanning nine days of continuous work.
Source: Sherwood News.
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Report: Uber considers full Delivery Hero takeover to take on DoorDash outside the US
Earlier this week, Uber disclosed a 19.5% stake in Frankfurt-listed Delivery Hero.
Source: Sherwood News.
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Take-Two’s “GTA 6” forecast feels absurdly conservative
Take-Two issued a 2027 net bookings forecast about $1 billion below Wall Street’s estimates. The stock is falling on Friday.
Source: Sherwood News.
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Report: White House AI oversight executive order DOA
After weeks of uncertainty, the White House’s plan to review frontier models before release appears dead.
Source: Sherwood News.
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Quantum computing CEOs hope “validating” government backing proves their technology is no longer speculative
The government funding is a push to boost the foundational elements of quantum computing to get the industry ready for prime time. The CEOs of Infleqtion and D-Wave give us their thoughts.
Source: Sherwood News.
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Meta released a Reddit dupe. Reddit investors don’t like it.
The Facebook app is a “dedicated space built for deeper discussions, real answers and the communities you care about.”
Source: Sherwood News.
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Ross Stores surges as Q1 results beat expectations, full-year guidance raised
Ross Stores raised its annual profit forecast after crushing Q1 earnings estimates on the back of record same-store sales growth.
Source: Sherwood News.
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Imax surges on report it’s approached entertainment companies for a sale
Imax shares climbed more than 15% in premarket trading on Friday.
Source: Sherwood News.