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Walmart Approaches Record High Ahead of Q4 Earnings, First Under New CEO
Walmart shares closed at $133.89, up 0.2%, pushing its market value to approximately $1.07 trillion. The retailer reports fourth-quarter results Thursday, marking the first earnings release under new CEO John Furner.
Oracle's $50B Cloud Funding Plan in Focus as Shares Rise Ahead of Holiday
Oracle shares gained 2.34% to close at $160.14 on Friday before U.S. markets closed for Presidents Day. Investors are assessing the company's plan to raise up to $50 billion next year to expand cloud infrastructure capacity.
Cisco's AI Chip Push Confronts Profit Margin Pressure
Cisco shares will resume trading Tuesday after a volatile week, with its new AI networking chip announcement overshadowed by a gross margin miss and rising component costs.
Intel's Turnaround Faces Scrutiny as Analyst Calls It a 'Show Me' Story
Intel shares edged higher ahead of the holiday, but a new Neutral rating highlights concerns over its ambitious turnaround plan. The company is expanding into AI chips and foundry services to regain momentum.
Warner-Paramount Talks Rekindle, Casting Shadow Over Netflix Deal
Netflix shares closed at $76.87, up 1.3%, ahead of a holiday-shortened week. Renewed discussions between Warner Bros Discovery and Paramount introduce potential complications for Netflix's deal.
MicroStrategy Unveils $6B Debt Conversion Plan, Assures Bitcoin Downturn Resilience
MicroStrategy announced a multi-year plan to convert approximately $6 billion in convertible debt into equity, while assuring investors it can cover obligations even if Bitcoin drops to $8,000. The stock closed Friday up 8.9% at $133.88.
Visa Shares Face Post-Holiday Test Following Class B Share Exchange Proposal
Visa shares declined 3.1% to $314.08 Friday as the market digested a conditional share-swap proposal linked to ongoing legal proceedings. Attention shifts to Tuesday's market reopen and upcoming economic indicators.
AppLovin Shares Rally Ahead of Market Reopening
AppLovin shares closed up 6.4% at $390.55 ahead of the Presidents Day market closure, buoyed by upbeat quarterly results and shifting analyst sentiment.
AMD Expands AI Infrastructure in India via TCS Partnership
AMD deepens its collaboration with Tata Consultancy Services to launch its Helios rack-scale AI infrastructure in India, aiming for significant data-center expansion. The announcement comes as U.S. markets reopen after a holiday closure.
Alphabet's AI Spending and Regulatory Scrutiny Weigh on Shares
Alphabet's stock fell for a fourth consecutive session, shedding nearly $88 billion in market value since January, amid investor concerns over aggressive AI spending and EU antitrust investigations.