The music platform is winning subscribers at an impressive clip. Shares of Spotify Technology (SPOT +14.87%) popped on Tuesday after the audio streaming leader announced solid growth across its key business metrics. By the close of trading, Spotify's stock price was up more than 14%. Record subscriber adds Spotify's monthly active users (MAUs) grew by 11% year over year to 751 million in the fourt...
The music platform is winning subscribers at an impressive clip. Shares of Spotify Technology (SPOT +14.87%) popped on Tuesday after the audio streaming leader announced solid growth across its key business metrics. By the close of trading, Spotify's stock price was up more than 14%. Record subscriber adds Spotify's monthly active users (MAUs) grew by 11% year over year to 751 million in the fourth quarter, despite intense competition from the likes of Apple, Amazon, and Alphabet's YouTube. Moreover, the streaming platform is successfully enticing free users to pay up for ad-free music, unlimited song skips, and other features. Spotify's premium subscribers increased 10% to 290 million. In all, Spotify's revenue rose 13% in constant currency to 4.5 billion euros ($5.4 billion). Expand NYSE : SPOT Spotify Technology Today's Change ( 14.87 %) $ 61.68 Current Price $ 476.52 Key Data Points Market Cap $85B Day's Range $ 462.37 - $ 495.79 52wk Range $ 405.00 - $ 785.00 Volume 652K Avg Vol 2.3M Gross Margin 31.60 % Better still, Spotify's profitability is improving as its subscriber base expands. Its gross margin increased by 83 basis points to 33.1%. Spotify's operating income, in turn, jumped 47% to 701 million euros ($834 million). Management sees more gains ahead For the first quarter of 2026, Spotify sees its MAUs and premium subscribers growing to 759 million and 293 million, respectively. "What we've really built is a technology platform for audio -- and increasingly, for all the ways creators connect with audiences," executive chairman Daniel Ek said. "And this identity will matter even more going forward."
Earnings Call Insights: Upstart Holdings, Inc. (UPST) Q4 2025 Management View David Girouard, Co-Founder, President, CEO & Chairperson of the Board, announced a major leadership change: "I'm super excited to announce that on May 1, my cofounder, Paul, will become Upstart's next CEO. While I'll continue on to my role as Upstarts Executive Chairman." Girouard highlighted the planned nature of the su...
Earnings Call Insights: Upstart Holdings, Inc. (UPST) Q4 2025 Management View David Girouard, Co-Founder, President, CEO & Chairperson of the Board, announced a major leadership change: "I'm super excited to announce that on May 1, my cofounder, Paul, will become Upstart's next CEO. While I'll continue on to my role as Upstarts Executive Chairman." Girouard highlighted the planned nature of the succession and his continued involvement in strategic direction. Girouard reported, "We grew originations by 86% and revenues by 64% and while growing head count just 18%, a ratio of any business would die for, and we reestablished upstart as a strongly profitable business." He emphasized significant market share gains in personal loans, and fivefold year-on-year growth in both auto and home originations. Girouard stated, "we reduced loans on our balance sheet by 20% in Q4 and expect this trend to continue," underlining a shift toward third-party funding with 70% of Q4 auto and home loans funded by partners. Girouard projected, "we project I'll start to achieve a compound annual growth rate of 35% for the next 3 years." Paul Gu, new CEO, noted, "Upstart is a far longer company today than it was 1 year ago or for that matter at any point in our history. We always judge ourselves by the trifecta of growth profits and credit performance and 2025 saw tremendous progress on all 3." Gu introduced new leadership: "Sanjay will serve as President and Chief Capital Officer; Andrea is joining us as CFO, and Grant is returning to upstart as CTO." Sanjay Datta, CFO, stated, "we grew our total revenue by 64%, and we held our fixed expense base to a mere 5% growth, a nice flex of our operating leverage, which allowed us to more than 20x our adjusted EBITDA from $11 million to $230 million, despite concurrently investing in the scale up of multiple new early-stage products." Outlook Datta shared, "for 2026 in the aforementioned scenario, we are anticipating total revenues of approximately $1...
Posts from this author will be added to your daily email digest and your homepage feed. Robert Playter, CEO of Boston Dynamics, announced on Tuesday that he is stepping down from his role effective immediately and leaving the company on February 27th, as previously reported by A3. Under Playter’s leadership, Boston Dynamics navigated its way through an acquisition from Softbank that brought it to ...
Posts from this author will be added to your daily email digest and your homepage feed. Robert Playter, CEO of Boston Dynamics, announced on Tuesday that he is stepping down from his role effective immediately and leaving the company on February 27th, as previously reported by A3. Under Playter’s leadership, Boston Dynamics navigated its way through an acquisition from Softbank that brought it to Hyundai in 2021, and it launched a new all-electric version of its humanoid Atlas robot in 2024. Just a few days ago, the company posted another video of its research Atlas robots attempting tumbling passes and outdoor runs as more enterprise-ready editions start to roll out. Boston Dynamics announced at CES last month that Atlas robots will begin working in Hyundai’s car plants starting in 2028, as the robotics field has become increasingly crowded by competitors like Tesla and Figure, as well as AI companies with “world model” tech built for robots. Playter has been at Boston Dynamics for over 30 years and has served as CEO since 2020, replacing the company’s original CEO, Marc Raibert. Boston Dynamics CFO Amanda McMaster will serve as interim CEO while the company’s board of directors searches for Playter’s replacement. “Boston Dynamics has been the ride of a lifetime. What this place has become has exceeded anything I could have ever imagined all those years ago in our funky lab in the basement of the MIT Media Lab,” Playter said in a letter to employees, which was shared with The Verge. He also highlighted the company’s successes with its Spot, Stretch, and Atlas robots. “From the earliest days of hopping robots, to the world’s first quadrupeds, to spearheading the entire humanoid industry, Playter made his mark as a pioneer of innovation. He transformed Boston Dynamics from a small research and development lab into a successful business that now proudly calls itself the global leader in mobile robotics,” Nikolas Noel, VP of marketing and communications at Boston Dynam...
Key findings for Microsoft Corporation (NASDAQ: MSFT) Divergent Sentiment Across All Horizons Suggests Choppy Conditions No clear price positioning signal identified. Elevated downside risk as no additional long-term support signals remain. Signals: 413.27 · 453.33 · 509.13 · 561.09 (bold = current price) · 453.33 · 509.13 · 561.09 Divergent Sentiment Across Horizons Suggests Choppy Conditions — S...
Key findings for Microsoft Corporation (NASDAQ: MSFT) Divergent Sentiment Across All Horizons Suggests Choppy Conditions No clear price positioning signal identified. Elevated downside risk as no additional long-term support signals remain. Signals: 413.27 · 453.33 · 509.13 · 561.09 (bold = current price) · 453.33 · 509.13 · 561.09 Divergent Sentiment Across Horizons Suggests Choppy Conditions — See current SIGNALS for positioning and risk parameters. Institutional Trading Strategies Our AI models have generated three distinct trading strategies tailored to different risk profiles and holding periods. Each strategy incorporates sophisticated risk management parameters designed to optimize position sizing and minimize drawdown risk. Position Trading Strategy LONG Entry Zone $453.33 Target $489.60 Stop Loss $454.64 Momentum Breakout Strategy BREAKOUT Trigger $421.30 Target $453.33 Stop Loss $420.12 Risk Hedging Strategy SHORT Entry Zone $453.33 Target $430.66 Stop Loss $454.69
Thomas Frank remains convinced he has the support of the Tottenham board and will continue in his job as manager, arguing that the club’s problems run deeper than him. The Dane watched his team lose 2-1 at home to Newcastle on Monday night; they have won just twice in 17 Premier League games and lag 16th in the table, five points above the relegation zone. It was another night when the Spurs fans ...
Thomas Frank remains convinced he has the support of the Tottenham board and will continue in his job as manager, arguing that the club’s problems run deeper than him. The Dane watched his team lose 2-1 at home to Newcastle on Monday night; they have won just twice in 17 Premier League games and lag 16th in the table, five points above the relegation zone. It was another night when the Spurs fans booed and jeered him. At one point, they sang for Mauricio Pochettino, their former manager, who is now in charge of the USA national side, while they also told Frank towards the end of the game that he should be “sacked in the morning”. Frank was defiant, citing an extensive injury list and the club’s difficulties in combining the demands of domestic and European football. He was without 10 injured players against Newcastle and lost another one, Wilson Odobert, in the 34th minute. The captain, Cristian Romero, is suspended. Spurs’ next game is the derby at home against Arsenal on Sunday week and Frank was asked whether he would still be in charge for it. “Yeah, I’m convinced I will be,” he said. “I understand the question and I understand it’s easy to point on me but I also think it’s never only the head coach or the ownership or the directors or the players or the staff. It’s everyone. View image in fullscreen Wilson Odobert may be the latest Spurs man to need time on the treatment table after he was injured in the first half. Photograph: John Walton/PA “How convinced am I that I am the right man for the job? 1,000% sure. I am also 1,000% sure that I never expected us to be in a situation like this with 10 or 11 injuries. But I know when you need to build something and need to get through things, you need to show unbelievable strong resilience. You need to have a calm head and carry on. “I understand the mechanism in football [to sack the manager] – no doubt about that – but there are a lot of studies that [show] it is not the right thing to do. I know it’s the only movem...
格隆汇2月11日｜MIRXES-B（股份代号：2629.HK）发布公告，宣布其联合创始人及基石投资者自愿作出为期12个月的股份持有承诺。根据禁售承诺，自2026年2月23日起至2027年2月23日：(i) 每位联合创始人承诺不会出售任何所持相关股份；及 (ii) 基石投资者承诺将至少保留其80%的相关股份。 此前，公司已于2025年11月13日公告基石投资者自愿将6个月的禁售期延长至9个月，延至2...
格隆汇2月11日｜MIRXES-B（股份代号：2629.HK）发布公告，宣布其联合创始人及基石投资者自愿作出为期12个月的股份持有承诺。根据禁售承诺，自2026年2月23日起至2027年2月23日：(i) 每位联合创始人承诺不会出售任何所持相关股份；及 (ii) 基石投资者承诺将至少保留其80%的相关股份。 此前，公司已于2025年11月13日公告基石投资者自愿将6个月的禁售期延长至9个月，延至2026年2月23日届满，以彰显其对公司发展之信心。本次禁售承诺表明其再度锁仓，体现长期信心。 该自愿承诺充分体现了联合创始人及基石投资者对公司长期发展前景、坚实业务基础与战略方向的坚定信心，彰显了其长期持有公司股份的意愿，并将有力支持公司实现可持续增长及价值创造。
OpenAI, Stability AI, AI21 Labs, Anthropic, and Deepmind logos are seen on their websites on a computer by Tada Images via Shutterstock Following the release of the latest artificial intelligence (AI) models, software stocks are being sold as if the business model itself is broken, in what’s being described – only half-jokingly – as a “ SaaS–pocalypse .” Relative to the broader Nasdaq, the softwar...
OpenAI, Stability AI, AI21 Labs, Anthropic, and Deepmind logos are seen on their websites on a computer by Tada Images via Shutterstock Following the release of the latest artificial intelligence (AI) models, software stocks are being sold as if the business model itself is broken, in what’s being described – only half-jokingly – as a “ SaaS–pocalypse .” Relative to the broader Nasdaq, the software sector is now underperforming by the widest margin this century – a performance gulf that visually resembles past panic events more than a gradual fundamental decline. The scale and speed of the selloff has pushed investors toward a dramatic conclusion: AI is killing software. But in this software-focused video segment from Friday’s Market on Close, Senior Market Strategist John Rowland, CMT, argues a different case: This isn’t a death spiral for software stocks. It’s a capitulation — and those moments tend to separate the long-term survivors from the casualties. A Selloff Defined by Extremes, Not Subtlety On a relative-performance basis, software has collapsed. The iShares Expanded Tech-Software ETF (IGV) has been crushed while AI hardware and infrastructure names remain near highs. From a technical standpoint, the sector has pushed multiple standard deviations below its historical mean — a rare, statistically extreme event. These types of moves are typically driven by: Forced selling Risk reduction Narrative compression … and not careful discrimination between business models. That distinction matters. AI Isn’t Killing Software The fear-driven narrative around software right now is simple: AI agents can write code, automate workflows, and replace tasks once handled by software-as-a-service (SaaS) platforms. If AI can do the work, why pay recurring software fees? Markets love simple narratives during selloffs — even when they’re incomplete. Instead, Rowland frames this moment as a filtering event: Undifferentiated, easily replaceable software is vulnerable. Mission-criti...
Dee Liu/iStock via Getty Images Lower rates, benign credit, and improving loan demand should be good for most regional banks in general, but UMB Financial ( UMBF ) is better placed than most. Actually liability-sensitive, UMB stands to benefit from additional rate cuts, as deposit costs should decline faster than asset yields. At the same time, the bank has a sizable fee-generating business levera...
Dee Liu/iStock via Getty Images Lower rates, benign credit, and improving loan demand should be good for most regional banks in general, but UMB Financial ( UMBF ) is better placed than most. Actually liability-sensitive, UMB stands to benefit from additional rate cuts, as deposit costs should decline faster than asset yields. At the same time, the bank has a sizable fee-generating business leveraged to improving business volumes and ongoing accretion and synergy opportunities from the Heartland deal. The turn-in rates and the Heartland deal both were not on my radar when I last wrote about the company , and both have helped propel the shares of this bank higher to the tune of roughly 110%, comfortably beating the 85% appreciation in the larger regional bank universe. Relative to comparable individual banks, UMB has done better than most, with Western Alliance ( WAL ) doing better, BOK Financial ( BOKF ) doing about the same, and others like Commerce Bancshares ( CBSH ), Columbia ( COLB ), Associated Banc-Corp ( ASB ), and Old National ( ONB ) returning around 45% to 90%. I can make an argument that UMB Financial is still around 15% undervalued for the next 6-12 months, and there are opportunities for the bank to outperform on deal synergies, loan growth, and potentially additional value-added acquisitions. As much as 15% upside may sound underwhelming, it’s not bad for a quality bank at this point in the cycle. Strong Results, With Some Complications From Deal Accretion Benchmarking UMB’s results to sell-side expectations is a little challenging, as analysts don’t always treat purchase accounting accretion identically, and it’s not immediately clear what was represented in those averages. That said, it was a solid quarter. Revenue rose about 5% sequentially, and in most cases I’m going to be using the sequential numbers because the acquisition makes YoY comparisons relatively less helpful (revenue was up 65% YoY, for instance). This was a 7% beat versus the posted ...
[The content of this article has been produced by our advertising partner.] Hong Kong’s economy is undergoing a profound transformation into a multifaceted international hub, strengthening the city’s role across the “Eight Centres” set out in the 14th National Five-Year Plan and further accelerated under the 15th Five-Year Plan. The shift, reinforced by the Northern Metropolis initiative and deepe...
[The content of this article has been produced by our advertising partner.] Hong Kong’s economy is undergoing a profound transformation into a multifaceted international hub, strengthening the city’s role across the “Eight Centres” set out in the 14th National Five-Year Plan and further accelerated under the 15th Five-Year Plan. The shift, reinforced by the Northern Metropolis initiative and deeper integration with the Greater Bay Area (GBA), signals a new era of spatial–economic synergy and diversified, innovation-led growth. Supporting this evolution, the Vocational Training Council (VTC) — through its core focus on Vocational and Professional Education and Training (VPET) — is committed to nurturing talent equipped with the expertise and innovative mindset essential for Hong Kong’s economic transformation. This is the vision of Jeffrey Lam Kin-fung, who assumed the chairmanship on January 1, 2026. Advertisement “While we continue fostering skilled and knowledgeable manpower, we aim to further enhance the image and recognition of VPET,” says Lam, a seasoned industrialist with a longstanding commitment to promoting trade and industry in Hong Kong. He has played leading roles in many of the city’s most prominent industrial and trade organisations. Lam frames Hong Kong’s next chapter as one of consolidation and ambition. He emphasises that the 14th and 15th National Five-Year Plans present a clear mandate: consolidate and enhance Hong Kong’s status as an international financial centre. Beyond finance, he highlights the city’s designated roles as an international hub for aviation, trade, innovation and technology, and “East meets West” centre for cultural exchange. To achieve this, Hong Kong must become “a leading place that nurtures as well as attracts top talent from beyond Hong Kong,” he says. Advertisement “The VTC has a central responsibility in that mission: to train the professionals who will sustain Hong Kong’s competitive edge across these priorities,” adds L...
Getty Images Performance Review For the final three months of 2025, the fund's Retail Class shares gained 2.04%, trailing the 4.89% advance of the benchmark MSCI EAFE Index (Net MA). International equity markets continued their upward trajectory in the fourth quarter, concluding the full year with robust increases throughout both developed and emerging markets, notably outpacing U.S. stocks. Earni...
Getty Images Performance Review For the final three months of 2025, the fund's Retail Class shares gained 2.04%, trailing the 4.89% advance of the benchmark MSCI EAFE Index (Net MA). International equity markets continued their upward trajectory in the fourth quarter, concluding the full year with robust increases throughout both developed and emerging markets, notably outpacing U.S. stocks. Earnings growth remained positive across most regions in Q4, with an acceleration into the end of 2025. A number of nations have implemented various policies to support domestic growth, ranging from favorable fiscal initiatives in Europe, to policy efforts aimed at bolstering both consumption, as well as the broader equity market in China. To that end, despite two rate cuts by the U.S. Federal Reserve this period, central banks in the eurozone, U.K., and Canada were all on pause. Japan remained the outlier with another rate hike in December. Within the benchmark MSCI EAFE Index, 10 of 11 sectors finished in positive territory for the quarter, led by utilities and health care (+10% each), financials (+8%), materials (+7%) and energy (+6%). Communication services (-7%) was the only sector to lose ground the past three months, though information technology, consumer staples (+4% a piece), industrials (+3%), consumer discretionary and real estate (both +1%) also lagged the index. On a geographic basis, equity markets in the U.K. (+7%) and Europe ex U.K. (+6%) outperformed, whereas Japan (+3%) and Asia Pacific ex Japan (+1%) trailed. Among the more sizable individual countries within the benchmark, Spain (+13%) Switzerland (+10%), Italy (+7%) and Sweden (+6%) were noteworthy standouts. Conversely, Australia (+0.3%) and Singapore (+1%) lagged by comparison. Turning to the fund, security selection in the consumer discretionary sector detracted most from performance versus the benchmark in Q4. Stock picks in industrials – especially within the capital goods industry – also hurt, as did ...
Countries across the world have committed to increasing their nuclear energy capacity, and these two stocks could benefit. Nuclear energy is enjoying a revival, as multiple countries look to nuclear power to help fuel their future. In the United States, President Donald Trump has set an ambitious goal to quadruple the country's nuclear energy capacity by 2050. Not only are there strong tailwinds f...
Countries across the world have committed to increasing their nuclear energy capacity, and these two stocks could benefit. Nuclear energy is enjoying a revival, as multiple countries look to nuclear power to help fuel their future. In the United States, President Donald Trump has set an ambitious goal to quadruple the country's nuclear energy capacity by 2050. Not only are there strong tailwinds from demand, but supplies are also tightening due to geopolitical risk, as Russia is a major uranium supplier. Nuclear stocks have surged over the past year but have recently pulled back amid recent market volatility, creating an opportunity to buy Cameco (CCJ 2.28%) and Centrus Energy (LEU 4.07%) in February. Here's what investors need to know. Cameco is a high-grade North American uranium miner Cameco is a North American-based uranium miner with high-grade mines, MacArthur River and Cigar Lake, which account for a large share of the world's high-quality uranium supply. The company also holds a stake in the Inkai joint venture in Kazakhstan and provides refining and fuel manufacturing services. Expand NYSE : CCJ Cameco Today's Change ( -2.28 %) $ -2.75 Current Price $ 117.93 Key Data Points Market Cap $53B Day's Range $ 117.58 - $ 120.99 52wk Range $ 35.00 - $ 135.24 Volume 152K Avg Vol 4.2M Gross Margin 26.64 % Dividend Yield 0.14 % The stock has surged, trading up 395% since the start of 2023. The company stands to benefit from rising demand as countries look to triple their nuclear energy capacity by 2050. Not only that, but in May 2024, following Russia's invasion of Ukraine, President Joe Biden signed the "Prohibiting Russian Uranium Imports Act." While some companies have waivers to purchase uranium if there are no viable alternatives, these waivers will expire on Jan. 1, 2028. The combination of these two factors could bode well for Cameco. The company is headquartered in Canada and could be a key supplier for North American customers. Not only that, but it also has ...
Key Points Nuclear energy is gaining favor as a low-carbon, efficient fuel source that can help power the industries of the future. Cameco is a major North American uranium producer with high-grade mines and other assets that should benefit from growing nuclear energy capacity. Centrus Energy provides enriched uranium and is looking to build its domestic processing capabilities at its Ohio plant. ...
Key Points Nuclear energy is gaining favor as a low-carbon, efficient fuel source that can help power the industries of the future. Cameco is a major North American uranium producer with high-grade mines and other assets that should benefit from growing nuclear energy capacity. Centrus Energy provides enriched uranium and is looking to build its domestic processing capabilities at its Ohio plant. 10 stocks we like better than Cameco › Nuclear energy is enjoying a revival, as multiple countries look to nuclear power to help fuel their future. In the United States, President Donald Trump has set an ambitious goal to quadruple the country's nuclear energy capacity by 2050. Not only are there strong tailwinds from demand, but supplies are also tightening due to geopolitical risk, as Russia is a major uranium supplier. Nuclear stocks have surged over the past year but have recently pulled back amid recent market volatility, creating an opportunity to buy Cameco (NYSE: CCJ) and Centrus Energy (NYSE: LEU) in February. Here's what investors need to know. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Cameco is a high-grade North American uranium miner Cameco is a North American-based uranium miner with high-grade mines, MacArthur River and Cigar Lake, which account for a large share of the world's high-quality uranium supply. The company also holds a stake in the Inkai joint venture in Kazakhstan and provides refining and fuel manufacturing services. The stock has surged, trading up 395% since the start of 2023. The company stands to benefit from rising demand as countries look to triple their nuclear energy capacity by 2050. Not only that, but in May 2024, following Russia's invasion of Ukraine, President Joe Biden signed the "Prohibiting Russian Uranium Imports Act." While some companies have waivers to purchase uranium if there are no viable alternat...