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Alphabet Shares Dip Amid AI Chip Talks, Investor Focus on Spending
Alphabet shares declined 0.9% Monday as reports emerged of Google negotiating with Marvell Technology on AI chip development, despite ongoing investor unease about the company's substantial capital expenditure plans. Marvell stock surged 6.1% on the news.
Meta's Q1 Earnings to Gauge AI Investment Payoff Amid Rising Costs
Meta Platforms will announce first-quarter financial results on April 29, as investors assess whether advertising gains can sustain the company's aggressive artificial intelligence investments.
Major Funds Ramp Up Leveraged Nasdaq ETF Bets Amid Market Dip
Recent SEC filings reveal several investment firms aggressively boosted their stakes in the ProShares UltraPro QQQ (TQQQ) ETF during Q4. The moves come as the Nasdaq Composite faced pressure from geopolitical tensions.
Pfizer Gains on FDA Priority Review for Padcev as Pipeline Pivots Post-COVID
Pfizer shares advanced after the FDA granted priority review for its Padcev bladder cancer therapy, setting an August decision. Investors await Q1 results to gauge progress in oncology and obesity drugs against fading COVID sales.
SCHD ETF Approaches 52-Week Peak as Dividend Strategies Regain Favor
The Schwab U.S. Dividend Equity ETF traded near $31.06, close to its 52-week high, with year-to-date gains around 14%. The fund captured a significant portion of the $24.1 billion that flowed into U.S. dividend funds during the first quarter.
Wall Street Retreats as Oil Surge Tests Rally, Ceasefire Deadline Looms
U.S. equities declined Monday, with the S&P 500 falling 0.33% and Nasdaq dropping 0.55%, as surging oil prices and Middle East tensions interrupted last week's record rally. Brent crude surged 5.1% to $94.99 per barrel.
Walmart Pilots Backroom Fulfillment to Accelerate Marketplace Delivery
Walmart is piloting a program in Dallas that uses store backrooms to hold third-party marketplace inventory for faster same-day delivery, a strategic move to compete with Amazon's delivery speed.
Analysts Boost Apple Outlook Ahead of Earnings, Highlight Memory Cost Divergence
Apple shares gained as Morgan Stanley reiterated a bullish $315 price target ahead of earnings, while BNP Paribas upgraded the stock and cut Qualcomm, citing diverging abilities to handle higher memory costs.
Oracle Shares Flat as AWS Partnership Fails to Ignite AI Revenue Optimism
Oracle shares were nearly unchanged Monday as the market assessed whether its new AWS Interconnect integration will generate sustainable AI income. The stock remains significantly below its peak from last September.
Microsoft's AI Investment Strategy Faces Critical Earnings Scrutiny
Microsoft shares declined 1.3% ahead of its April 29 earnings, with investors divided over whether massive AI investments will deliver returns. The company faces margin pressure as capital spending jumped 66% to $37.5 billion last quarter.
AMD Shares Dip After Rally as Analysts Boost Targets on AI CPU Demand
AMD shares declined 1.4% on Monday, cooling off after a record-breaking rally, while analysts at Bank of America and Stifel increased their price targets, highlighting growing AI infrastructure demand for central processors.
Intel Shares Retreat from 24-Year Peak as AI CPU Strategy Faces Earnings Scrutiny
Intel shares declined 3.5% to $66.08, pulling back from a 24-year high ahead of its April 23 earnings. The report is seen as a key test for whether AI spending is broadening to benefit CPU makers.