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SE News30 articles
Grab Shares Extend Slide Amid Profitability Concerns Despite Q1 Growth
Grab shares slipped 2.24% to $3.49, continuing their 30% year-to-date decline, despite a 24% revenue jump and record EBITDA in Q1, as worries about driver incentives and fuel costs persist.
Grab stock rises 2.6% as buyback, margins offset revenue concerns
Grab shares climbed 2.6% to $3.54 on Q1 profit gains and a $500 million buyback, even as a below-forecast 2026 revenue outlook weighed. Volume exceeded 35 million shares.
Elon Musk on Track to Become First Trillionaire After SpaceX IPO
Elon Musk is poised to become the world's first trillionaire after SpaceX's IPO, with a valuation of $1.77 trillion, pushing his fortune over the trillion-dollar mark.
Grab Shares Slide Amid Nasdaq Selloff, Inflation Concerns Loom
Grab Holdings shares dropped 3.47% to $3.34 as a strong U.S. jobs report fueled Fed rate hike fears, pressuring growth stocks. Investors await inflation data and Grab's solid Q1 results.
Grab Stock Slips on Indonesian Bank Stake Concerns
Grab shares declined 1.8% in New York as the market reassesses the company's digital banking expansion in Indonesia, with Superbank set to become a consolidated subsidiary.
Sea Limited Revenue Surges Past Estimates, But Cost Pressures Persist
Sea Limited reported Q1 revenue of $7.1B, beating estimates by $600M, but EPS missed by $0.10. Shopee's record GMV and Garena's strong quarter were offset by rising costs.
Sea Stock Retreats as Shopee's Slower Growth Outlook Raises Spending Concerns
Sea Ltd's stock gave back some of its prior-day gains after the company projected slower gross merchandise volume growth for its Shopee unit in 2026 alongside a significant quarterly cost increase, prompting investor reassessment of its spending plans.
MercadoLibre's Q4 Margins Narrow as Spending Rises; Shares Under Pressure
MercadoLibre shares slipped following a Q4 profit shortfall, as increased investment in logistics and credit expansion pressured margins despite strong revenue growth.
Alphabet Shares Surge on Tariff Relief and AI Momentum Ahead of Nvidia Report
Alphabet's Class C shares climbed 3.7% to $314.90 in after-hours trading, buoyed by a favorable Supreme Court tariff ruling and a series of AI-related announcements. Investor focus now shifts to Nvidia's upcoming earnings for clues on AI demand.
Pfizer Stock Drops as Seagen Cancer Drug Fails Key Trial
Pfizer shares slid on heavy volume after its Seagen-acquired lung cancer drug failed a Phase 3 trial, casting doubt on a key oncology growth driver ahead of Q2 results.
Alphabet Loses $225B in Market Cap as AI Researchers Exit to Rivals
Alphabet lost $225 billion in market value after two top AI researchers left for OpenAI and Anthropic, sparking investor doubts about talent retention and AI strategy.
Seagate Stock Nears 52-Week High on AI Storage Demand Surge
Seagate shares rose nearly 15% in a week to $1,070.23, close to a 52-week high, fueled by AI storage demand and hard disk drive shortages. Analysts raised targets, but the stock now trades above consensus estimates, increasing downside risk.
Lam Research and Kulicke & Soffa Rally on AI-Driven Semiconductor Demand
Lam Research (LRCX) and Kulicke & Soffa (KLIC) shares surge on strong AI chip demand and earnings optimism, while Block (SQ) shows undervaluation potential amid high P/E ratios.
Halland's Tourism Sector Sees Uptick in International Visitors Ahead of Summer Season
Halland tourism firms report a 14.2% rise in foreign guest nights, outpacing Sweden's 7.7% average, with nearly 70% expecting a good 2026 season.
Alphabet Orders 3M Intel TPUs for 2028; Piper Sandler Raises Target Amid AI Search Surge
Alphabet orders 3M+ TPUs from Intel for 2028, Piper Sandler hikes target to $445 on AI search gains, UBS flags margin risks from Cloud TPU revenue. GOOGL shares slip to $362.21.
Chevron Holds Ground Amid Oil Market Tightening, Earnings Season Looms
Chevron shares closed at $187.31 Friday, down 0.55% but up 2.7% since late May. CEO Mike Wirth expects oil to face upward pressure into June and July, with the stock's next move tied to tightening markets and U.S. inventory data.
Lam Research Nears Record High Ahead of CFO's Tech Conference Speech
Lam Research stock closed near record highs on Friday, with investors focused on AI-driven demand and CFO Doug Bettinger's upcoming speech at Bank of America's Global Technology Conference.
Entergy New Orleans Secures $90M in Bond Sale Ahead of Hurricane Season
Entergy New Orleans raised $90 million via a private placement of first mortgage bonds, with proceeds likely earmarked for storm hardening and capital spending ahead of the Atlantic hurricane season.
Tech Giants Invest $125M in UCLA AI Chip Research Hub
Broadcom, Meta, and other tech leaders are funding a $125 million semiconductor center at UCLA to boost custom AI chip research, including doctoral support and internships.
Hyliion Stock Surges 43% on Navy Sea-Trial News
Hyliion shares surged 43% on news that its KARNO generator will be tested on a Navy unmanned vessel, with volume hitting 20 million shares.
Anthropic Bolsters AI Research with Key Hires Including OpenAI Co-Founder
Anthropic hires OpenAI co-founder Andrej Karpathy to its pre-training team, aiming to accelerate Claude model development with AI-driven research.
Seagate Stock Slips on Supply Constraints Amid AI Storage Surge
Seagate shares dropped again Tuesday after CEO Dave Mosley said new factories take too long to meet AI demand, focusing on tech upgrades instead.
Accuray and UW Madison Forge 10-Year Cancer Research Deal
Accuray and the University of Wisconsin School of Medicine and Public Health have entered a 10-year research agreement focused on the Stellar adaptive radiotherapy platform.
American Airlines Adds Football Seats, Faces Fuel Headwinds
American Airlines is adding over 23,000 seats on more than 80 routes for football travel, but high fuel costs and debt continue to challenge its bottom line.
Biogen Completes Apellis Takeover, Gains Rare-Disease Pipeline
Biogen has completed its acquisition of Apellis Pharmaceuticals, delisting APLS shares. Biogen gains Syfovre and Empaveli, plus a kidney disease pipeline, with a CVR tied to Syfovre sales.
Old National Bank and Indiana Fever Launch Co-Branded Cards for WNBA Season
Old National Bank and the Indiana Fever launched co-branded debit and credit cards and checks as the WNBA season began, expanding their partnership with small-business promotions.
Delta Debuts High-Capacity A321neo with 44 First Class Seats as Interim Solution
Delta Air Lines will deploy seven Airbus A321neos with 44 domestic first-class seats starting May 20 on Atlanta-Los Angeles flights, a temporary fix for flatbed suite delays.
Seagate Stock Surges on AI Storage Demand, but Valuation Raises Concerns
Seagate stock soared to record highs near $782.64 on AI-driven storage demand, but a high P/E ratio of 74 raises valuation concerns.
Seagate CFO Sells $19M in Stock as AI Storage Rally Nears Peak
Seagate CFO Gianluca Romano sold about $18.9 million in shares on May 6-7 under a pre-arranged plan, as the stock closed near record highs on AI storage demand.
Lam Research Hits Record High on AI Chip Demand Despite China Risks
Lam Research shares surged over 7% to a record high on AI-driven demand and a Buy rating from Seaport Global, though China export risks persist.