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Technology
Can Fast Radius (FSRD) stock’s 54% leap bring back tech confidence?
February 18, 2022 10:49 AM PST| By Versha JainHighlights Illinois-based Fast Radius, Inc. (FSRD) started trading on Nasdaq on February 7, 2022. It recently merged with ECP Environmental Growth Opportunities (NASDAQ: ENNV). The FSRD stock was down18% since its debut but shot up on .....
Why tech firm Fastly (FSLY) stock dropped over 30% today?
February 17, 2022 09:18 AM PST| By Rupam RoyHighlights Fastly revenue jumped 13% YoY in Q4, FY21. For fiscal 2021, the company reported revenue growth of 22% YoY. In fiscal 2022, Fastly expects revenue to be between US$400 million and US$410 million. Shares of cloud-computing servi.....
Nvidia (NVDA) posts fourth-quarter profit of US$3 bn on record sales
February 16, 2022 07:37 PM PST| By Team Kalkine MediaHighlights Nvidia CEO Jensen Huang said the company saw “exceptional demand” for computing platforms. Its sales jumped 53% YoY to US$7.64 billion in the final quarter of fiscal 2022. The company expects revenue of around US$8.1.....
High-potential metaverse stocks to watch now – MSFT, NVDA to FB
February 16, 2022 04:29 PM PST| By Rupam RoyHighlights Microsoft Corporation (NASDAQ: MSFT) revenue increased by 20% YoY in Q2, FY22. Meta Platforms, Inc. (NASDAQ: FB) revenue surged 20% YoY in Q4, FY21. NVIDIA Corporation (NASDAQ: NVDA) revenue soared 61% YoY in fiscal 2022. Metav.....
Tech sector gyrates between gains and losses as FB, GOOGl face heat
February 16, 2022 12:32 PM PST| By Rupam RoyThe US technology sector swung between gains and losses as various issues bogged down the industry. Besides global supply woes, the heavyweights in the industry face an increasing regulatory heat that could potentially reshape their processes and e.....
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Resonant (RESN) faces probe after stock rallies 248% on Murata’s bid
February 15, 2022 11:15 AM PST| By Versha JainThe stocks of software company Resonant Inc. (NASDAQ: RESN) skyrocketed by over 248% on Tuesday morning after a subsidiary of Japan-based Murata Manufacturing Co., Ltd. offered to acquire the company at a premium of 265.9% on its last closing price.....
Intel Corporation (INTC) acquires Tower (TSEM) for US$5.4 billion
February 15, 2022 07:05 AM PST| By Versha JainHighlights The Intel Corporation (NASDAQ: INTC) on Tuesday announced to acquire Tower Semiconductor Ltd. (NASDAQ: TSEM) for US$5.4 billion. Intel will pay US$53 per share to Tower Semiconductor in an all-cash deal. Intel stock rose mor.....
AMD finalizes US$50-billion Xilinx purchase in industry’s biggest deal
February 14, 2022 01:16 PM PST| By Sanjeeb BaruahHighlights AMD had announced the deal with Xilinx Inc (XLNX) in October 2020. At the time, the chip manufacturer was valued at US$35 billion. But the XLNX stock’s price gains have pushed the valuation higher. In what is being call.....
Splunk Inc. (SPLK), Papa John’s (PZZA) cloud deal lifts their stocks
February 14, 2022 10:54 AM PST| By Versha JainSoftware company Splunk Inc. (NASDAQ: SPLK) stock rose 6.57% on Monday after it announced a partnership with Papa John’s International, Inc. (NASDAQ: PZZA) to boost its digital business. The California-based company provides the Splunk.....
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From TWTR to U: Web3 stocks in focus after LeBron ad creates buzz
February 14, 2022 09:58 AM PST| By Versha JainHighlights More and more crypto companies are targeting sports events for ads. This year’s Super Bowl games saw many sports stars and actors in commercials, including NBA player LeBron James, Idris Alba, and Lindsay Lohan. Compan.....
From AAPL, NVDA, COIN to SQ, top Web 3.0 stocks to explore in US
February 10, 2022 05:13 PM PST| By Versha JainHighlights After Web 1.0 and Web 2.0, Web 3.0 is the latest upgrade in the internet world. Web 3.0 has no single centralized authority, such as the government or corporation having control over public data. However, the blockchain-based Web 3......
From FB, TWTR, SNAP to BMBL, top social media stocks to watch
February 10, 2022 04:04 PM PST| By Rupam RoyHighlights Meta Platforms, Inc. (NASDAQ: FB) revenue increased by 20% YoY in Q4, FY21. Twitter, Inc. (NYSE: TWTR) revenue surged 22% YoY in Q4, FY21. Snap Inc. (SNAP) reported its first positive earnings in Q4, FY21 as a publicly traded firm. .....
Japan’s HeartCore Enterprises (HTCR) makes Nasdaq debut, stocks down 2%
February 10, 2022 11:11 AM PST| By Rupam RoyHighlights HeartCore (HTCR) offered three million shares of its common stock in the IPO. It priced the IPO at US$5 per share. The underwriter has a 45-day option to purchase an additional 450,000 shares. Shares of software company Heartco.....
Twitter, Inc (TWTR) stock climbs on new share buyback plan
February 10, 2022 10:28 AM PST| By Rupam RoyHighlights Twitter, Inc’s (TWTR) revenue soared 22% YoY in Q4, FY21. Its average daily active users increased by 13% YoY in Q4, FY21. The company expects revenue of US$1.27 billion in Q1, FY22. Social media company Twitter, Inc. (NY.....
Why SQL Technologies (SKYX) stock fell 23% in Nasdaq debut?
February 10, 2022 09:32 AM PST| By Versha JainHighlights SQL had applied for the initial public offering on Form S-1 on December 22, 2021. The company has priced the offering at US$14.00 per share. SQL plans to use the proceeds from the offering for corporate expenses. ...
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Twilio Inc (TWLO) stock surges 19% after solid cloud sales guidance
February 10, 2022 08:01 AM PST| By Rupam RoyHighlights The company's revenue rose 54% YoY in Q4, FY21. Twilio expects revenue to increase as much as 47% YoY to US$865 million in Q1, FY22. The company may start providing non-GAAP operating profit in 2023. Cloud service provider Twil.....
Velodyne Lidar (VLDR) stock skyrockets 135% after Amazon's (AMZN) deal
February 08, 2022 04:53 PM PST| By Sanjeeb BaruahHighlights Amazon’s Velodyne investments could help reduce its expenses on transporting. Amazon can appoint an observer to Velodyne's board as part of the warrant deal once its holdings exceed 12.3 million shares. The agreement comes a.....
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Snowflake (SNOW) bets on decoupled cloud architecture, stock rallies
February 07, 2022 12:29 PM PST| By Rupam RoyHighlights The SNOW stock rallied on Monday after analysts gave a bullish outlook. Snowflake expects product sales to surge to around US$10 billion by 2029. The company will report its fourth-quarter and fiscal 2022 results on March 2. Th.....
Why Spotify Technology (NYSE: SPOT) stock slumped after strong earnings?
February 04, 2022 01:32 PM PST| By Rupam RoyThe Spotify Technology SA (NYSE: SPOT) stock declined sharply after Thursday's fourth-quarter earnings. Its expected growth in the user base to 418 million total users and 183 million paid subscribers in the first quarter of 2022 failed to meet Wal.....
Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta woes?
February 04, 2022 08:58 AM PST| By Rupam RoyHighlights Snap Inc forecasts revenue of US$1.03 billion to US$1.08 billion in Q1, FY22. It expects daily active users to be in the range of 328 million to 330 million. The company reported its first positive net income since its IPO in March .....
