Category: Stock Market

Analysts Raise Micron Price Target, MU Stock Rebounds but Faces Resistance

Posted on by Skerdian Meta

Micron’s sharp swings this week captured the widening tension between optimism surrounding AI demand and rising market anxiety over sustainability, execution risks, and tightening industry conditions. Continue reading “Analysts Raise Micron Price Target, MU Stock Rebounds but Faces Resistance” →

Intel Stock INTC Rebounds Right Back As Expected on Fundamental Catalysts

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Intel’s rapid swing from a steep pullback to a sharp rebound has thrust the chipmaker back into market focus, stirring debate over whether its latest momentum reflects a durable turnaround or another fleeting upswing. Continue reading “Intel Stock INTC Rebounds Right Back As Expected on Fundamental Catalysts” →

Forex Signals December 5: US PCE Inflation, Victoria’s Secret, Man U Earnings Preview

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Markets brace for a pivotal blend of macro indicators and corporate updates as investors await U.S. PCE inflation data along with earnings results from Manchester United and Victoria’s Secret.
Continue reading “Forex Signals December 5: US PCE Inflation, Victoria’s Secret, Man U Earnings Preview” →

Hewlett-Packard: HPE Tumbles on Gloomy Sales Forecast Amid AI Server Delays

Posted on by Olumide Adesina

Hewlett-Packard Enterprise shares fell after the company’s sales forecast for the current quarter did not meet high expectations for its AI server business.

According to a statement released by HPE on Thursday, the company’s revenue for the period ending in January is projected to be between $9 billion and $9.4 billion, with profits, excluding certain items, expected to range from 57 to 61 cents per share. Analysts surveyed by Bloomberg had predicted sales of $9.88 billion and an average profit of 53 cents per share.

The decline in sales for the fourth quarter of the fiscal year, which ended in October, was attributed to Chief Executive Officer Antonio Neri, who noted in an interview that their results also fell short of analysts’ projections. He explained that several agreements for servers designed to support AI workloads were postponed until 2026.

Specifically, some agreements with the U.S. government were delayed because of the federal government shutdown, and one transaction in Europe has been held up due to issues with a data center that is not yet ready.

Chief Financial Officer Marie Myers mentioned during a conference call with analysts that HPE is experiencing “substantial interest” in its AI servers, particularly from government and business clients. She noted, “We anticipate that demand will continue to be uneven because some of our largest sovereign clients are placing orders with long lead times, which may delay shipments to later dates.”

The Texas-based company is making a significant investment in networking as a key driver of future growth following the acquisition of Juniper Networks Inc. in July for approximately $13 billion.

 

Mark Zuckerberg’s Metaverse Retreat: Deep Cuts Spark $815 Analyst Target

Posted on by Olumide Adesina

Mark Zuckerberg is expected to significantly reduce funding for the metaverse, which he previously promoted as the future of the company and as the reason behind its rebranding from Facebook.

Meta Q3 earnings missed expectations

The metaverse team, which includes the virtual worlds product Meta Horizon Worlds and the Quest virtual reality unit, may face budget cuts of up to 30% next year, according to sources familiar with the discussions who requested anonymity due to the confidential nature of the company’s plans.

While a final decision has not yet been made, these sources indicated that such substantial cuts could result in layoffs as early as January.

Shares rose as much as 6% intraday before settling up 3.4% to $661.53. Concerns about the metaverse’s $70 billion+ burn rate since 2021 have subsided as investors see the cuts as a welcome reallocation towards high-growth AI.

The rally represents relief from a bet that has long irritated shareholders, with Mizuho analyst Lloyd Walmsley projecting that the cuts could increase 2026 EPS by $2 to $29.50, maintaining an Outperform rating and $815 target.

More broadly, Meta’s AI initiatives, such as the restructuring of Superintelligence Labs, stand in stark contrast to the metaverse’s stagnation, where Horizon Worlds user engagement is still relatively low (less than 300,000 monthly active users).

Meta has confirmed a decrease in resources allocated to the metaverse, stating that futuristic projects within its Reality Labs division—such as AI glasses and other wearables—are expected to benefit from these savings. A company spokesperson mentioned, “We are reallocating some of our investment from the Metaverse within our overall Reality Labs portfolio due to the momentum in wearables and AI glasses. We do not intend to make any significant changes beyond that.”

Proposed cuts to the metaverse budget are part of the company’s budget planning for next year, which included several meetings at Zuckerberg’s Hawaii compound last month. Sources have reported that Zuckerberg has instructed Meta executives to pursue overall cuts of 10%, a typical request made during budget cycles.

The metaverse group was created in response to the diminished level of industry-wide competition in this technology compared to earlier times.

Google’s AI Gold Rush Turns Golden: $1.1B Stock Donation Breakdown from Co-Founder Brin

Posted on by Olumide Adesina

Sergey Brin sold Alphabet stock worth over $1.1 billion in the past week, with most of the proceeds going to a charity founded by the Google co-founder.

 

A regulatory filing that revealed the donation on Friday did not specify the recipient of the more than 3.5 million shares. A representative for Brin’s family office states that Catalyst4, which Brin started in 2021 to fund research into central nervous system disorders and climate change solutions, will receive about $1 billion in stock.

Brin is also donating roughly $90 million to his family foundation and $45 million to the Michael J. Fox Foundation for Parkinson’s disease research. Brin previously donated $700 million worth of Alphabet shares to the same three charities in May.

According to the Bloomberg Billionaires Index, Brin, 52, has a fortune of $255.5 billion, making him the fourth richest person in the world.

Thanks to an increase in Alphabet shares, which hit a high of $323 on Tuesday due to the company’s advances in artificial intelligence, his net worth has soared this year. Brin’s wealth has grown by $97.3 billion this year, and he owns about 6% of the company overall.

Renewed Confidence in Standard Bank – JSE: SBK Share Price Breaks Record Highs Amid Major Fiber Deal and Leadership Shift

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Investor confidence is being rekindled by Standard Bank’s return to record levels, which is backed by strong leadership, consistent earnings, and significant domestic and international alliances.
Continue reading “Renewed Confidence in Standard Bank – JSE: SBK Share Price Breaks Record Highs Amid Major Fiber Deal and Leadership Shift” →

Momentum Returns for Rigetti as RGTI Stock Reclaims $30, but Stability Still Uncertain

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Rigetti Computing has rebounded sharply after its November plunge, yet deep structural, financial, and competitive challenges continue to cloud the durability of its latest upswing.
Continue reading “Momentum Returns for Rigetti as RGTI Stock Reclaims $30, but Stability Still Uncertain” →