Scott Barbour/Getty Images News Shell ( SHEL ) has concluded a consultation with its largest shareholders which could result in CEO Wael Sawan earning at least £4.5M more every year, Sky News reported Wednesday. Shell ( SHEL ) has drawn up plans to grant Sawan a long-term incentive stock award worth up to 9x his £1.53M base salary, giving him a potential award of £13.8M/year; combining Sawan's pro...
Scott Barbour/Getty Images News Shell ( SHEL ) has concluded a consultation with its largest shareholders which could result in CEO Wael Sawan earning at least £4.5M more every year, Sky News reported Wednesday. Shell ( SHEL ) has drawn up plans to grant Sawan a long-term incentive stock award worth up to 9x his £1.53M base salary, giving him a potential award of £13.8M/year; combining Sawan's proposed new long-term plan with an annual bonus of 2.5x salary and his 2024 base salary of £1.53M would result in a total pay package worth as much as £19.2M, according to the report . Last year, Sawan was paid £8.6M, and CFO Sinead Gorman received a package worth £7.25M. Sawan's plan is still dwarfed by the pay of U.S. oil executives, including Exxon Mobil's Darren Woods, who received $44.1M in 2024 including $26.8M of stock awards, and Chevron's Mike Wirth, who was paid $32.7M. Shell ( SHEL ), which is scheduled to report Q4 results on Thursday, is expected to post adjusted earnings of $3.51B, according to a Vara Research analyst consensus, compared to $5.43B reported in Q3 and $3.66B in the year-earlier quarter. More on Shell Shell: When The 'European Discount' Becomes An Opportunity Shell: Continued Investment And Incredibly Strong FCF Shell's Green Hydrogen Projects: An Investment In Yet Another Failing EU Green Initiative
Feb 4 (Reuters) - AI chipmaker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion. The round was led by Tiger Global. Other investors included Benchmark, AMD, Coatue and Donald Trump Jr.-backed 1789 Capital. AI-linked companies have continued to draw billions in private financing as corporations and governments race to sca...
Feb 4 (Reuters) - AI chipmaker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion. The round was led by Tiger Global. Other investors included Benchmark, AMD, Coatue and Donald Trump Jr.-backed 1789 Capital. AI-linked companies have continued to draw billions in private financing as corporations and governments race to scale the still-nascent technology. (Reporting by Ateev Bhandari and Manya Saini in Bengaluru; Editing by Tasim Zahid)
Pgiam/iStock via Getty Images During the Q4 earnings conference call , the CEO of Palantir Technologies, Inc. ( PLTR ), mentioned how the company’s results are the fruit of commercial relationships that are not circular in nature. This was a stab at the many recent deals involving OpenAI ( OPENAI ), Oracle Corporation ( ORCL ), and other AI players. In Alex Karp’s own words : These relationships [...
Pgiam/iStock via Getty Images During the Q4 earnings conference call , the CEO of Palantir Technologies, Inc. ( PLTR ), mentioned how the company’s results are the fruit of commercial relationships that are not circular in nature. This was a stab at the many recent deals involving OpenAI ( OPENAI ), Oracle Corporation ( ORCL ), and other AI players. In Alex Karp’s own words : These relationships [with Palantir’s customers] are not circular-pay relationships in any way. This comment, in my view, is the single most interesting insight emerging from Palantir’s outstanding Q4 2025 earnings . Back in November, at the time of my last coverage of Palantir, I published an article arguing something very similar: that Palantir, not OpenAI, is winning the AI race . To me, Karp’s comment confirms exactly the idea that Palantir is the company that best cracked AI today. Don't Ask the Barber if You Need a Haircut… or Maybe Do At first glance, it may seem pointless to even hear what Alex Karp, Palantir’s CEO and co-Founder, has to say about his own company and AI. In Warren Buffett’s words , you should “not ask the barber if you need a haircut.” Yet, for Palantir, I think the opposite is true: Alex Karp’s words, for those who listened to them, have been borderline prophetic when it comes to predicting where the AI race is headed. Consider what’s following: Karp called out the idea of LLMs (Large Language Models) being a commodity, with a race to the bottom in terms of cost. This happened in Q3 2024 , a full 2 quarters before most analysts predicted the emergence of Chinese LLMs like DeepSeek ( DEEPSEEK ) would stop the AI race. Karp also called out the idea that the real value of AI is in the “ application layer ,” i.e., the AI-powered applications used by customers. This took place in 2023 , when most analysts were still thinking about LLMs as the final endgame of AI. Today, the idea that LLMs are a commodity is far more widespread among analysts and AI leaders . Personally, I ca...
Pgiam/iStock via Getty Images During the Q4 earnings conference call , the CEO of Palantir Technologies, Inc. ( PLTR ), mentioned how the company’s results are the fruit of commercial relationships that are not circular in nature. This was a stab at the many recent deals involving OpenAI ( OPENAI ), Oracle Corporation ( ORCL ), and other AI players. In Alex Karp’s own words : These relationships [...
Pgiam/iStock via Getty Images During the Q4 earnings conference call , the CEO of Palantir Technologies, Inc. ( PLTR ), mentioned how the company’s results are the fruit of commercial relationships that are not circular in nature. This was a stab at the many recent deals involving OpenAI ( OPENAI ), Oracle Corporation ( ORCL ), and other AI players. In Alex Karp’s own words : These relationships [with Palantir’s customers] are not circular-pay relationships in any way. This comment, in my view, is the single most interesting insight emerging from Palantir’s outstanding Q4 2025 earnings . Back in November, at the time of my last coverage of Palantir, I published an article arguing something very similar: that Palantir, not OpenAI, is winning the AI race . To me, Karp’s comment confirms exactly the idea that Palantir is the company that best cracked AI today. Don't Ask the Barber if You Need a Haircut… or Maybe Do At first glance, it may seem pointless to even hear what Alex Karp, Palantir’s CEO and co-Founder, has to say about his own company and AI. In Warren Buffett’s words , you should “not ask the barber if you need a haircut.” Yet, for Palantir, I think the opposite is true: Alex Karp’s words, for those who listened to them, have been borderline prophetic when it comes to predicting where the AI race is headed. Consider what’s following: Karp called out the idea of LLMs (Large Language Models) being a commodity, with a race to the bottom in terms of cost. This happened in Q3 2024 , a full 2 quarters before most analysts predicted the emergence of Chinese LLMs like DeepSeek ( DEEPSEEK ) would stop the AI race. Karp also called out the idea that the real value of AI is in the “ application layer ,” i.e., the AI-powered applications used by customers. This took place in 2023 , when most analysts were still thinking about LLMs as the final endgame of AI. Today, the idea that LLMs are a commodity is far more widespread among analysts and AI leaders . Personally, I ca...
US stocks were mixed on Wednesday as Wall Street assessed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) results, eyeing the fallout from an AI-stoked slump in software stocks. The Dow Jones Industrial Average (^DJI) rose roughly 0.6%, as a rotation away from tech stocks and into more blue-chip names gathered apace. The S&P 500 (^GSPC) slipped 0.3%, while the Nasdaq Composite (^IXI...
US stocks were mixed on Wednesday as Wall Street assessed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) results, eyeing the fallout from an AI-stoked slump in software stocks. The Dow Jones Industrial Average (^DJI) rose roughly 0.6%, as a rotation away from tech stocks and into more blue-chip names gathered apace. The S&P 500 (^GSPC) slipped 0.3%, while the Nasdaq Composite (^IXIC) fell over 1%, continuing their bruising from Tuesday's session. Wall Street is trying to find its feet after AI disruption fears fueled a rush out of software stocks — spilling over into a deep global sell-off that hit Europe and Asia markets alike. Meanwhile, broader AI gloom has helped spur the rotation from high-profile tech names into value stocks, with Nvidia (NVDA) and Microsoft (MSFT) both taking a hit. The spotlight is on Alphabet (GOOG) and Arm Holdings (ARM) results later on Wednesday, with the focus on AI demand. After that, the countdown will begin for Amazon's (AMZN) quarterly report on Thursday. Even better-than-expected earnings are no longer enough to convince the market, JPMorgan warned, unless the company reporting can show that AI will be a tailwind rather than a headwind. Advanced Micro Devices (AMD) shares plummeted as the chipmaker's weak sales outlook cast doubt on its ability to take on AI bellwether Nvidia. In a sign of cracks in the labor market, an ADP report showed employers added just 22,000 jobs in January, versus the 45,000 expected. The private data has taken on outsized importance amid the delay of federal jobs data from the partial government shutdown that ended Tuesday. Meanwhile, gold (GC=F) gained amid US-Iran tensions, but its comeback from a hefty record-shedding slump faltered as it fell back below $5,000 an ounce. In corporates, pharma fortunes diverged as Eli Lilly's (LLY) stock jumped after it posted an upbeat 2026 profit forecast thanks to soaring demand for its weight-loss drugs. But shares in rival Novo Nordisk (NVO, NOVO-B.C...
US stocks continued a free-fall Wednesday as Wall Street assessed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) results, eyeing the fallout from an AI-stoked slump in software and tech stocks. The S&P 500 (^GSPC) slid over 1%, while the Nasdaq Composite (^IXIC) fell over 2%, continuing their bruising from Tuesday's session. The Dow Jones Industrial Average (^DJI) ticked higher, as...
US stocks continued a free-fall Wednesday as Wall Street assessed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) results, eyeing the fallout from an AI-stoked slump in software and tech stocks. The S&P 500 (^GSPC) slid over 1%, while the Nasdaq Composite (^IXIC) fell over 2%, continuing their bruising from Tuesday's session. The Dow Jones Industrial Average (^DJI) ticked higher, as a rotation away from tech stocks and into more blue-chip names picked up the pace. Wall Street is failing to find its feet after AI disruption fears fueled a rush out of software stocks — spilling over into a deep global sell-off that hit Europe and Asia markets alike. Meanwhile, broader AI gloom has helped spur the rotation from high-profile tech names into value stocks, with megacaps taking the hit. Nvidia (NVDA) fell over 4%, while Google fell nearly 3% ahead of its earnings reveal. Amazon (AMZN) slid over 2%, and Tesla (TSLA) sank more than 5%. Even better-than-expected earnings are no longer enough to convince the market, JPMorgan warned, unless the company reporting can show that AI will be a tailwind rather than a headwind. Advanced Micro Devices (AMD) shares plummeted as the chipmaker's weak sales outlook cast doubt on its ability to take on AI bellwether Nvidia. In a sign of cracks in the labor market, an ADP report showed employers added just 22,000 jobs in January, versus the 45,000 expected. Private data has taken on outsized importance amid the delay in federal jobs data from the partial government shutdown that ended Tuesday, as the Bureau of Labor Statistics has rescheduled the official jobs report for next Wednesday. Meanwhile, gold (GC=F) gained amid US-Iran tensions, but its comeback from a hefty record-shedding slump faltered as it fell back below $5,000 an ounce. Bitcoin (BTC-USD) losses also piled up, as the cryptocurrency traded near $72,000. In corporates, pharma fortunes diverged as Eli Lilly's (LLY) stock jumped after it posted an upbeat 2026 profi...
The US stock market is currently witnessing its most prosperous time, with the S&P 500 claiming record highs. The domain is currently under its most disruptive phase as AI and related tech continue to leverage current market momentum, bringing in more capital and attention towards the sector. That being said, two stocks, notably PayPal (PYPL) and Microsoft (MSFT), are currently in the spotlight, w...
The US stock market is currently witnessing its most prosperous time, with the S&P 500 claiming record highs. The domain is currently under its most disruptive phase as AI and related tech continue to leverage current market momentum, bringing in more capital and attention towards the sector. That being said, two stocks, notably PayPal (PYPL) and Microsoft (MSFT), are currently in the spotlight, with both firms sharing a tumultuous road ahead in light of the plunging share scenario. What’s ahead for PYPL and MSFT in the long run? Let’s explore it further. Also Read: Software Stocks Slide as AI Stocks Spark Business Model Fears PayPal (PYPL) and Microsoft (MSFT) Stock News and Narratives Source: Michael Nagle / Bloomberg PayPal (PYPL) and Microsoft (MSFT) stocks are witnessing a downward trend as of late. Speaking about PayPal, the recent exit of the firm’s CEO has ended up casting a layer of doubt over its future. Investors are particularly wary of PYPL CEO Alex Chriss’s exit from the firm, with its share plunging as low as 20%, dampening the 2026 PYPL stock forecast. The firm has selected HP’s Enrique Lore as its new president and CEO. “The big question is whether he will bring in a formidable payments team to attempt yet another multi-year turnaround or look to start reviewing options for strategic assets,” analysts at Evercore ISI said. In addition to this, Microsoft’s recent earnings report has also raised a new question for the company to combat. The fact that Microsoft’s shares are down 10% despite delivering a stellar earnings report speaks volumes about the changing investor expectations. The firm is projecting a bearish stance, as investors were earlier expecting a high delivery output from MSFT’s cloud computing service Azure, which reported earnings near 39% as compared to 40% in the fiscal first quarter. “It now looks like the company will not really accelerate Azure further from here. Due to the law of large numbers and extra capacity being used for its...
The British skeleton team enjoyed a successful 2024-25 season, with Matt Weston winning overall World Cup gold and Marcus Wyatt silver, winning all seven races between them. That success came using a different helmet, and the BBSA told BBC Sport the helmet it had hoped to use for the Games in Italy is a new design for the 2026-27 season, which begins towards the end of the year. It said it has tri...
The British skeleton team enjoyed a successful 2024-25 season, with Matt Weston winning overall World Cup gold and Marcus Wyatt silver, winning all seven races between them. That success came using a different helmet, and the BBSA told BBC Sport the helmet it had hoped to use for the Games in Italy is a new design for the 2026-27 season, which begins towards the end of the year. It said it has tried to be "innovative" with the new design, which it believes to "be in the current rules". It said the new helmet has been designed to comply with new rules imposed by the IBSF for the 2026-27 season, which are aimed at improving safety, and that it is proven to be safer than any other helmets being used. The rules set out the safety standards helmets must meet and have stipulations about the shape. For example, the helmet must not have any additionally attached aerodynamic elements. The team wore the new helmets last week at a training session in Switzerland but have also brought the old helmets to Cortina. At the 2010 Games the USA and Canada lodged a protest moments after British slider Amy Williams won the gold medal, alleging the small ridges on her helmet were illegal, but the protest was thrown out. At the 2018 Games British medallists Lizzy Yarnold, Laura Deas and Dom Parsons wore specialised skin suits featuring drag-resistant ridges, the legality of which was also questioned by rival teams. Weston is the heavy favourite for the gold medal in Cortina, with the men's event beginning on 12 February and the women's on 13 February.
A researcher investigating lawbreaking by the media paid private investigators and ex-journalists for their testimony about alleged unlawful activity at the publisher of the Daily Mail, the high court has heard. Graham Johnson, a former phone hacker who later turned to researching unlawful activity in the press, confirmed he had made payments to six people who all feature in the case Prince Harry ...
A researcher investigating lawbreaking by the media paid private investigators and ex-journalists for their testimony about alleged unlawful activity at the publisher of the Daily Mail, the high court has heard. Graham Johnson, a former phone hacker who later turned to researching unlawful activity in the press, confirmed he had made payments to six people who all feature in the case Prince Harry and others have brought against Associated Newspapers Ltd (ANL). However, he said he had never paid for witness testimony. Appearing in court, he said he had paid the group as his contacts, authors and contributors as he attempted to draw attention to unlawful behaviour by the media. Johnson said most of the funding for those payments came from either Max Mosley, the late multimillionaire and privacy campaigner, or a company linked to Mosley’s estate. Some came from a loan from Evan Harris, the former Lib Dem MP and prominent member of the Hacked Off campaign group. The payments included £75,000 to Gavin Burrows, a private detective who has made some of the most serious claims of phone hacking, landline tapping and bugging. Burrows now claims the signature on his witness statement about the unlawful activities he carried out for ANL is a forgery. ANL denies all the claims of unlawful information gathering made by a group of claimants that includes Prince Harry, Doreen Lawrence, Sir Elton John and his husband, David Furnish, and the actors Elizabeth Hurley and Sadie Frost. The publisher has described the accusations as “preposterous” and said all articles were sourced “by entirely legitimate reporting”. Appearing at the high court, Johnson, who is now a researcher assisting the claimants’ case, confirmed he had paid more than £100,000 to figures whose claims are central to the allegations facing ANL. Johnson paid Burrows £25,000 for “extensive notes and commentary” and £5,000 a month for 10 months, as part of a deal to work on a memoir. Glenn Mulcaire and Greg Miskiw, both c...
The company projects that its oncology sales will roughly double in the not-too-distant future. Johnson & Johnson (JNJ +0.72%) is one of the largest healthcare companies in the world. But it hasn't always been a terribly exciting business to invest in. While it has been growing, it's typically been at a modest pace. The main reason for investing in the stock has been its dividend. The company, how...
The company projects that its oncology sales will roughly double in the not-too-distant future. Johnson & Johnson (JNJ +0.72%) is one of the largest healthcare companies in the world. But it hasn't always been a terribly exciting business to invest in. While it has been growing, it's typically been at a modest pace. The main reason for investing in the stock has been its dividend. The company, however, has been investing in its pipeline in the hopes of achieving better growth in the future. And that looks to be paying off, as the company recently unveiled promising guidance for the year ahead. Could Johnson & Johnson stock be a potential bargain buy in 2026? Johnson & Johnson expects much more growth ahead Last month, Johnson & Johnson reported its full-year results for 2025. It was another solid year for the business, with revenue climbing by 6% to $94.2 billion. That's in line with what investors have come to expect from the business in recent years. In 2024, its top line rose by a more modest rate of 4%, but for the large part, single-digit growth has been the norm for Johnson & Johnson. Business, however, is trending higher. The company's CEO, Joaquin Duato, believes that more growth is on the horizon, saying, "We have line of sight to double-digit growth by the end of the decade." A big part of the reason for this growth is oncology, as Johnson & Johnson wants to be the leading cancer drugmaker in the world. It's hoping to bring in $50 billion from its oncology business, which is roughly double what it generated this past year. Expand NYSE : JNJ Johnson & Johnson Today's Change ( 0.72 %) $ 1.67 Current Price $ 234.77 Key Data Points Market Cap $562B Day's Range $ 232.91 - $ 235.50 52wk Range $ 141.50 - $ 235.50 Volume 105K Avg Vol 8.9M Gross Margin 75.27 % Dividend Yield 2.21 % Is the stock a steal of a deal? For 2026, Johnson & Johnson management projects revenue of $100.5 billion, implying a growth rate of around 6.7%. Its top line is showing some encouraging...
In trading on Wednesday, shares of the Direxion Daily Technology Bull 3X Shares ETF (Symbol: TECL) crossed below their 200 day moving average of $105.33, changing hands as low as $103.67 per share. Direxion Daily Technology Bull 3X Shares shares are currently trading down about 5.5% on the day. The chart below shows the one year performance of TECL shares, versus its 200 day moving average: Lookin...
In trading on Wednesday, shares of the Direxion Daily Technology Bull 3X Shares ETF (Symbol: TECL) crossed below their 200 day moving average of $105.33, changing hands as low as $103.67 per share. Direxion Daily Technology Bull 3X Shares shares are currently trading down about 5.5% on the day. The chart below shows the one year performance of TECL shares, versus its 200 day moving average: Looking at the chart above, TECL's low point in its 52 week range is $32.5216 per share, with $155.50 as the 52 week high point — that compares with a last trade of $104.51. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Friday, shares of PG&E Corp (Symbol: PCG) crossed above their 200 day moving average of $17.00, changing hands as high as $17.16 per share. PG&E Corp shares are currently trading up about 2.8% on the day. The chart below shows the one year performance of PCG shares, versus its 200 day moving average: Looking at the chart above, PCG's low point in its 52 week range is $14.71 per share...
In trading on Friday, shares of PG&E Corp (Symbol: PCG) crossed above their 200 day moving average of $17.00, changing hands as high as $17.16 per share. PG&E Corp shares are currently trading up about 2.8% on the day. The chart below shows the one year performance of PCG shares, versus its 200 day moving average: Looking at the chart above, PCG's low point in its 52 week range is $14.71 per share, with $18.32 as the 52 week high point — that compares with a last trade of $17.05. The PCG DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Wednesday, shares of Carlisle Companies Inc. (Symbol: CSL) crossed above their 200 day moving average of $358.72, changing hands as high as $382.99 per share. Carlisle Companies Inc. shares are currently trading up about 6.4% on the day. The chart below shows the one year performance of CSL shares, versus its 200 day moving average: Looking at the chart above, CSL's low point in its ...
In trading on Wednesday, shares of Carlisle Companies Inc. (Symbol: CSL) crossed above their 200 day moving average of $358.72, changing hands as high as $382.99 per share. Carlisle Companies Inc. shares are currently trading up about 6.4% on the day. The chart below shows the one year performance of CSL shares, versus its 200 day moving average: Looking at the chart above, CSL's low point in its 52 week range is $293.43 per share, with $435.92 as the 52 week high point — that compares with a last trade of $385.55. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Friday, shares of Honda Motor Co Ltd (Symbol: HMC) crossed above their 200 day moving average of $28.91, changing hands as high as $29.80 per share. Honda Motor Co Ltd shares are currently trading up about 3.4% on the day. The chart below shows the one year performance of HMC shares, versus its 200 day moving average: Looking at the chart above, HMC's low point in its 52 week range i...
In trading on Friday, shares of Honda Motor Co Ltd (Symbol: HMC) crossed above their 200 day moving average of $28.91, changing hands as high as $29.80 per share. Honda Motor Co Ltd shares are currently trading up about 3.4% on the day. The chart below shows the one year performance of HMC shares, versus its 200 day moving average: Looking at the chart above, HMC's low point in its 52 week range is $23.41 per share, with $33.72 as the 52 week high point — that compares with a last trade of $29.73. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Wednesday, shares of Conagra Brands Inc (Symbol: CAG) crossed above their 200 day moving average of $19.44, changing hands as high as $19.83 per share. Conagra Brands Inc shares are currently trading up about 3% on the day. The chart below shows the one year performance of CAG shares, versus its 200 day moving average: Looking at the chart above, CAG's low point in its 52 week range ...
In trading on Wednesday, shares of Conagra Brands Inc (Symbol: CAG) crossed above their 200 day moving average of $19.44, changing hands as high as $19.83 per share. Conagra Brands Inc shares are currently trading up about 3% on the day. The chart below shows the one year performance of CAG shares, versus its 200 day moving average: Looking at the chart above, CAG's low point in its 52 week range is $15.96 per share, with $28.515 as the 52 week high point — that compares with a last trade of $19.84. The CAG DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
If there’s one thing Microsoft’s recent earnings report made abundantly clear, it’s that investors have zero tolerance for stalling cloud growth, given billions being funneled into AI infrastructure. Naturally, therefore, all eyes are on Amazon Web Services as the tech behemoth warms up to report its fourth-quarter earnings on February 5th (after market close). While Amazon stock has held up relat...
If there’s one thing Microsoft’s recent earnings report made abundantly clear, it’s that investors have zero tolerance for stalling cloud growth, given billions being funneled into AI infrastructure. Naturally, therefore, all eyes are on Amazon Web Services as the tech behemoth warms up to report its fourth-quarter earnings on February 5th (after market close). While Amazon stock has held up relatively well in 2026, its continued ascent hinges on whether AWS can prove its recent reacceleration is sustainable. Heading into the quarterly print, AMZN shares are up nearly 10% versus their November low. Why beating consensus won’t be enough for Amazon stock Copy link to section For AMZN stock to rally post-earnings, meeting the “official” consensus may prove insufficient. While FactSet analysts are projecting revenue of $211.4 billion and earnings per share (EPS) of $1.97, the whispered “bogey” for AWS is much more aggressive. The market consensus for AWS growth currently sits at 21%, but top analysts from Deutsche Bank and UBS have signalled the real benchmark for the stock to break out is 23%. Beating 23% would signal Amazon is successfully converting its big artificial intelligence backlog into realised revenue – effectively silencing critics who labelled it an AI laggard last year. How to play AMZN shares heading into Q4 earnings Copy link to section According to UBS analyst Stephen Ju, while it may not be super convenient for AWS to beat the 23% mark, its long-term potential still warrants buying Amazon shares at current levels. The multinational remains committed to doubling its capacity by 2027, which Ju believes the market “hasn’t priced in yet.” Amazon’s recent landmark deals with OpenAI and Anthropic also made Jefferies’ senior analyst, Brent Thill, maintain a buy rating on AMZN this week. “AWS offers one of the clearest growth reacceleration narratives” that could push the company’s share price to $300 over the next 12 months, he told clients in a recent repor...
AI chip provider Cerebras Systems Inc. has raised about $1 billion in a new funding round, bolstering the company’s efforts to compete with Nvidia Corp. The financing values the firm at $23 billion, including the money raised, cementing it as one of the most valuable closely held firms ahead of an expected IPO. The funding was led by Tiger Global Management, with participation from other investors...
AI chip provider Cerebras Systems Inc. has raised about $1 billion in a new funding round, bolstering the company’s efforts to compete with Nvidia Corp. The financing values the firm at $23 billion, including the money raised, cementing it as one of the most valuable closely held firms ahead of an expected IPO. The funding was led by Tiger Global Management, with participation from other investors, including Benchmark, Fidelity Management & Research Co., and Advanced Micro Devices Inc. Cerebras is part of a growing crop of companies vying to challenge Nvidia’s dominance in the market for AI chips. Chief Executive Officer Andrew Feldman claims his hardware runs AI models multiple times faster than Nvidia systems. He also offers remote computing services to customers such as Meta Platforms Inc. , International Business Machines Corp. and Mistral AI. Last month, OpenAI reached a multiyear deal to use hardware from Cerebras for 750 megawatts’ worth of computing power, in order to get quicker response times when running AI models. The infrastructure will be built in multiple stages “through 2028” and hosted by Cerebras. The deal is worth more than $10 billion , people familiar with the matter said at the time. The latest valuation represents a significant increase from a September investment round , when Cerebras was valued at $8.1 billion. Since then, Nvidia signed a licensing deal with startup Groq and acquired much of that company’s chip talent, boosting enthusiasm for AI chip ventures. Bloomberg previously reported Cerebras was in fundraising talks.