Tesla’s earnings reinforced its AI-driven future, but with rising costs and a softer EV business, the company faces an uphill battle to realise that vision.
Tesla’s earnings reinforced its AI-driven future, but with rising costs and a softer EV business, the company faces an uphill battle to realise that vision.
JHVEPhoto/iStock Editorial via Getty Images Reading ServiceNow, Inc.'s ( NOW ) Q1 earnings release, initially, I could not understand the reason for the stock being down 13% in after-hours. The result was not that bad; the valuation at first glance seems reasonable (P/E non-GAAP), and even in operational terms and AI-related initiatives, ServiceNow is improving. But going deeper, it is possible to...
JHVEPhoto/iStock Editorial via Getty Images Reading ServiceNow, Inc.'s ( NOW ) Q1 earnings release, initially, I could not understand the reason for the stock being down 13% in after-hours. The result was not that bad; the valuation at first glance seems reasonable (P/E non-GAAP), and even in operational terms and AI-related initiatives, ServiceNow is improving. But going deeper, it is possible to understand why the market is more cautious. And the reason is not exclusively due to disruption by AI; it also has to do with valuation and with the growth expectations that the market previously had. ServiceNow Q1: Pretty Solid The snapshot summarizes what I mentioned about ServiceNow’s Q1. It was very solid; it is difficult to understand the reason the stock is falling. Revenue was a slight beat, and adjusted EPS was in line with estimates. But note also that Q2 guidance was for subscription revenue of $3.8 billion, equivalent to 22% YoY growth, as well as full-year guidance of $15.7 billion, above consensus and confirming that growth for 2026 should remain above 22%. Seeking Alpha The rest of the highlights were also positive. Remaining performance obligations (RPO) stand at $25 billion and grew 25%, and adjusted operating margin expanded 100 bps. It is worth mentioning that the current RPO also continues growing and is more than $12 billion; that is, it is revenue that the company expects to recognize in the next quarters. The customer cohort chart also shows that ServiceNow continues to be a very healthy company. Not only can we see new customers in the chart, but also a clear trend that the longer the relationship, the greater the contract value with NOW. Even though this is not something that guarantees there will be no disruption, it indicates that the company really manages to work the relationship with its partners, manages to add value, and manages to upsell/cross-sell. In fact, another metric that proves this is the number of customers with a $5M annual contrac...
An Iranian salesperson sits beside a portrait of Iran's late Supreme Leader Ayatollah Ali Khamenei at his fruit shop in the Shahid Boroujerdi residential complex in southern Tehran, Iran, on April 14, 2026. Morteza Nikoubazl | Nurphoto | Getty Images The war in the Middle East is plunging Iran's already fragile economy into freefall. Tehran's primary war tactic has been economic damage. Iranian st...
An Iranian salesperson sits beside a portrait of Iran's late Supreme Leader Ayatollah Ali Khamenei at his fruit shop in the Shahid Boroujerdi residential complex in southern Tehran, Iran, on April 14, 2026. Morteza Nikoubazl | Nurphoto | Getty Images The war in the Middle East is plunging Iran's already fragile economy into freefall. Tehran's primary war tactic has been economic damage. Iranian strikes have targeted the energy infrastructure of its neighbors and instituted a blockade on the vital Strait of Hormuz, through which around 20% of the world's oil and gas was shipped before the war, precipitating the worst energy shock in decades . But its own economic position is precarious. Before the conflict, Iran was already under pressure due to sanctions. Inflation exceeded 50% in 2025 . Its currency, the rial, had lost 60% of its value in the months after the 12-day war against the U.S. last July. Food inflation soared to 64% by October last year and had accelerated to 105% by February, with bread and cereals up 140%, and oils and fats up 219% in the year through March 2026. Iranian banks started distributing a 10-million rial bill last month, the largest denomination note in its history, as authorities sought to contain inflation and meet demands for hard cash. In its World Economic Outlook, the International Monetary Fund estimated that the Iranian economy will shrink by 6.1% in 2026 , with 68.9% inflation. Its currency has fallen to around 1.32 million rial per U.S. dollar. There are challenges to analyzing how Iran's economy is faring in the war. The country has not published GDP data since 2024, and the widespread internet blackout has made domestic statistics inaccessible outside the country. Pushed to the brink The effective closure of the Strait of Hormuz and the U.S.' subsequent blockade have cut off most of Iran's international trade, including oil exports. More than 90% of its annual trade passes through the strait. Renewed strains amid the U.S. blockade...
(RTTNews) - European stocks were broadly lower on Thursday as investors digested a slew of earnings and watched the latest developments in the Middle East war, with a senior Iranian parliament official saying that Tehran has deposited the first revenue from tolls on the strategic
(RTTNews) - European stocks were broadly lower on Thursday as investors digested a slew of earnings and watched the latest developments in the Middle East war, with a senior Iranian parliament official saying that Tehran has deposited the first revenue from tolls on the strategic
Redwire Corporation (RDW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Redwire Corporation (RDW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Taiwan’s financial regulator plans to ease the limit on how much funds can invest in a single stock, lifting an impediment that has prevented local money managers from taking full advantage of the surge in Taiwan Semiconductor Manufacturing Co.’s shares in recent years. The Financial Supervisory Commission aims to relax the rule that bars an actively managed fund from investing more than 10% of it...
Taiwan’s financial regulator plans to ease the limit on how much funds can invest in a single stock, lifting an impediment that has prevented local money managers from taking full advantage of the surge in Taiwan Semiconductor Manufacturing Co.’s shares in recent years. The Financial Supervisory Commission aims to relax the rule that bars an actively managed fund from investing more than 10% of its net asset value in a single company’s stock, according to a statement Thursday. The new rule is set to come into effect right after the regulator issues an order on Friday, a commission official said at a briefing in Taipei. Under the new rule, local equity funds and active exchange traded funds that invest solely in Taiwanese stocks can hold up to 25% of their net assets in any listed company whose weighting exceeds 10% in the Taiwan Stock Exchange. “This is likely to provide a boost for share prices for companies like TSMC and MediaTek, which are large caps with good fundamentals,” GF Securities analyst Jeff Pu said. “The new rule is lifting a big hurdle for investing in TSMC and is likely going to drive further flows into these names.” Currently, only TSMC, which makes up 44% of Taipei’s benchmark index, meets that criterion. Read More: TSMC’s Surge Forces Traders to Look for New Ways to Bet on Stock The change is aimed at enhancing investment flexibility and boosting the competitiveness of Taiwan’s asset management industry, according to the FSC. The artificial intelligence boom has propelled an influx of capital into Taiwan’s equity market in recent years, with tech companies like TSMC, Asia’s largest company by market capitalization, driving a bulk of the growth. Just last week, Taiwan’s stock market value overtook the UK’s as the island’s tech firms regained favor amid hopes for further de-escalation in the Iran war. Its combined market capitalization has risen to $4.3 trillion, making it the world’s seventh largest, according to data compiled by Bloomberg.