Business communications platform provider 8x8 ( EGHT ) stock price jumped about 15% after reporting a Q4 top and bottom line beat. Its Q4 total revenue rose 5% Y/Y to $185.2M, beating estimates by $4.11M . Its GAAP gross margin declined to 63% from 68% a year earlier, while non-GAAP gross margin fell to 64% from 69%. The provider's Q4 Non-GAAP EPS came in at $0.11 beating estimates by $0.03 . Cust...
Business communications platform provider 8x8 ( EGHT ) stock price jumped about 15% after reporting a Q4 top and bottom line beat. Its Q4 total revenue rose 5% Y/Y to $185.2M, beating estimates by $4.11M . Its GAAP gross margin declined to 63% from 68% a year earlier, while non-GAAP gross margin fell to 64% from 69%. The provider's Q4 Non-GAAP EPS came in at $0.11 beating estimates by $0.03 . Customer contracts for 8x8 Intelligent Customer Assistant, covering digital and voice self-service and AI auto attendants, increased 56% Y/Y. Contracts specifically for voice self-service rose more than 71% Y/Y . 8x8 Engage, a purpose-built solution for frontline and non-desk workers, expanded its customer base more than 300% in Q4. For Q1 FY27, 8x8 ( EGHT ) expects service revenue of $175M-$180M and total revenue of $180M-$185M (vs. consensus of $182.14M). The company forecasts Q1 non-GAAP gross margin of 63.5%-64.5% and non-GAAP operating margin of 8.5%-9.5%, with cash flow from operations of $10M-$12M and non-GAAP EPS of $0.08-$0.09 (consensus estimates stand at $0.08). For FY27, the company expects service revenue of $707M-$727M and total revenue of $727M-$747M (vs. consensus of $ 736.59M). I ncludes non-GAAP gross margin of 62.5%-63.5%, non-GAAP operating margin of 9%-10%, and operating cash flow of $45M-$52M and FY27 non-GAAP EPS of $0.33-$0.38 (vs. analyst estimates of $0.35). More on 8X8 8x8, Inc. (EGHT) Q4 2026 Earnings Call Transcript 8x8, Inc. 2026 Q4 - Results - Earnings Call Presentation Biggest stock movers Wednesday: AMC, RBLX, and more 8x8 anticipates fiscal 2027 EPS of $0.33-$0.38 while usage-based revenue mix continues to rise Seeking Alpha’s Quant Rating on 8X8
The committee's letter to Ofcom, meanwhile, asks about the regulator's role in the complaints process, its powers to investigate potential breaches of the broadcasting code, and the timeline for launching its own investigation into the Married at First Sight allegations.
The committee's letter to Ofcom, meanwhile, asks about the regulator's role in the complaints process, its powers to investigate potential breaches of the broadcasting code, and the timeline for launching its own investigation into the Married at First Sight allegations.
China’s exports of rare earth permanent magnets to Japan slightly rebounded in April after slumping the previous month, but Japanese firms warn they are facing “severe” shortages as a diplomatic row between Beijing and Tokyo grinds on. Shipments of permanent magnets from China to Japan rose by 2.5 per cent in April compared with the previous month, according to Chinese customs data released on Wed...
China’s exports of rare earth permanent magnets to Japan slightly rebounded in April after slumping the previous month, but Japanese firms warn they are facing “severe” shortages as a diplomatic row between Beijing and Tokyo grinds on. Shipments of permanent magnets from China to Japan rose by 2.5 per cent in April compared with the previous month, according to Chinese customs data released on Wednesday. But the modest rise only partly offset the 17.3 per cent plunge recorded in March. Advertisement The slowdown has raised alarm among Japan’s industrial giants , as permanent magnets are essential components for a range of hi-tech products – from electric cars to advanced weaponry. China is the world’s largest supplier of the magnets. Japan ranked just ninth among buyers of Chinese permanent magnets last month, with Germany, South Korea and the United States making up the top three. The data comes as Beijing and Tokyo continue a diplomatic feud that first erupted in November , when Japanese Prime Minister Sanae Takaichi suggested that a hypothetical attack on Taiwan could constitute an “existential threat” to Japan. The remarks raised tensions with Beijing, which took a series of actions to restrict China’s economic ties with Japan – including warning its citizens against travelling to the country. Advertisement
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Artificial intelligence has to a large extent existed in the realm of promises: productivity gains, revolutionized workflows, trillion-dollar disruptions. But as JPMorgan’s Kevin...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Artificial intelligence has to a large extent existed in the realm of promises: productivity gains, revolutionized workflows, trillion-dollar disruptions. But as JPMorgan’s Kevin Brunner, global chair of investment banking, put it, the story is now shifting from “hype to real execution .” Some of that execution is in the high-margin business of trading. Perpetuals.com, founded by a former FTX executive, launched a new platform that effectively turns human investment strategies into training data for an AI trading engine . Users make fake paper trades, the model decides which predictions are worth acting on, and the company deploys real capital. It’s the kind of development that emerges once technology moves from novelty into infrastructure. The other, more predictable, part of AI’s execution in the financial services industry is job cuts. Or, as StanChart CEO Bill Winters put it, reducing “ lower-value human capital .” The London-based bank plans almost 8,000 job cuts in back- office functions, a move it predicts will raise income per employee about 20% by 2028. Meanwhile, HSBC CEO Georges Elhedery warned that artificial intelligence will “destroy” certain roles while creating others , urging employees to adapt rather than resist the technological shift. And AI is no longer something investors are betting on only through stocks. Intercontinental Exchange is matching CME Group’s plan to launch futures tied to GPU computing costs . Just as airlines hedge fuel costs or manufacturers hedge metals prices, companies can soon hedge the cost of running AI models. The Big Take SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern With more than $60 billion committed, some SoftBank insiders are growing uneasy over Son’s devotion to Altman. Read the excl...
In this article STLA Follow your favorite stocks CREATE FREE ACCOUNT Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa has said leading the transatlantic automaker is a dream come true, but the company's stock has been anything but that for investors under his short tenure thus far. Stellantis stoc...
In this article STLA Follow your favorite stocks CREATE FREE ACCOUNT Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa has said leading the transatlantic automaker is a dream come true, but the company's stock has been anything but that for investors under his short tenure thus far. Stellantis stock is off nearly 30% since Filosa, a company veteran from Italy who climbed through the ranks, was named CEO nearly a year ago. It's down about 21% since he officially started as CEO last June. Thursday marks a major next step for Filosa and his executive team, as they unveil a turnaround plan for the embattled automaker during a capital markets day at Stellantis' North American headquarters near Detroit. Filosa has promised investors that the day "will outline the next phase of our strategy with clear priorities, clear targets, and a focused road map for execution." The strategy he and others will present this week is expected to focus regionally on key brands such as Jeep and Ram in the U.S. and Fiat and Peugeot in Europe, detail how they plan to reduce costs and lay out how the company aims to return to profitability following a net loss of 22.3 billion euros ($26.3 billion) last year. "It was my dream to take the helm of Stellantis … but obviously I recognized, at the time, with my team, that there were still things to be fixed," Filosa said during a Financial Times event last week. "We are fixing them at the speed of light, and I truly believe that now, and we will share that May 21 at our investor day, we have a clear path of sustainable and comfortable growth in front of us." Stock Chart Icon Stock chart icon Stellantis' stock on the New York Stock Exchange since Antonio Filosa was announced as CEO on May 28, 2025. Stellantis' struggles That path isn't so clear for Wall Street. The auto industry as a whole is facing concerns about artificial intelligence , the growth ...
Homes at a new development in Fontana, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images The U.S. House is poised to approve a bipartisan housing affordability bill Wednesday that would limit major investors from purchasing single-family homes while allowing them to build additional housing units. The measure is getting support from the White House after some last-m...
Homes at a new development in Fontana, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images The U.S. House is poised to approve a bipartisan housing affordability bill Wednesday that would limit major investors from purchasing single-family homes while allowing them to build additional housing units. The measure is getting support from the White House after some last-minute changes struck a balance between the Senate version, which placed more restrictions on major investors owning homes, and the House version, which was seen as more friendly toward Wall Street. The legislation won the support of the rental, construction and housing industries by removing a requirement in the Senate-passed bill that would have forced major investors — defined as those owning 350 units or more — to sell any any units they built beyond the cap within a seven-year window. The housing affordability bill has ping-ponged several times between the House and the Senate. Both chambers approved their own version of the bill with strong bipartisan support earlier this year, but several provisions — including the ones overseeing investors in the housing market — have lead to inter-chamber disputes. It's not clear whether the revamped House bill will gain the needed 60 votes to pass in the Senate before advancing to the White House for Presiden t Donald Trump 's signature. Sen. Elizabeth Warren , D-Mass., the top Democrat on the committee overseeing housing, worked with the White House to get several provisions with Democratic support into the bill. And other senators voted against the bill in March because of concerns with the forced sale of build-to-rent homes, arguing that would decrease housing supply. Senate Majority Leader John Thune , R-S.D., told reporters in response to a question from CNBC on Tuesday that when the House passes the bill, the Senate will "deal with it accordingly." Still, other senators said their original bill was right to target investors w...
Douglas Rissing/iStock via Getty Images Ugly trifecta that spooks the bond market. To soothe bond yields and mortgage rates, the Fed needs to hike, not “look through” inflation. The 30-year Treasury yield rose by 5 basis points on Tuesday, and by 23 basis points over the past seven trading days, to 5.19%, the highest since June 2007. When yields rise, prices of those bonds fall, and existing bondh...
Douglas Rissing/iStock via Getty Images Ugly trifecta that spooks the bond market. To soothe bond yields and mortgage rates, the Fed needs to hike, not “look through” inflation. The 30-year Treasury yield rose by 5 basis points on Tuesday, and by 23 basis points over the past seven trading days, to 5.19%, the highest since June 2007. When yields rise, prices of those bonds fall, and existing bondholders take losses. It’s been a bloodbath - an orderly methodical bloodbath - in bond land. The long-term bond market has completely blown off the Fed’s rate cuts. The more the Fed cut, the higher the 30-year yield rose: There is now a spread of 156 basis points between the 30-year Treasury yield and the Effective Federal Funds Rate (EFFR, 3.63%, blue line), which the Fed targets with its policy rates. Before the Fed started cutting rates in 2024, the 30-year yield was below the EFFR. At the auction on Wednesday last week, the Treasury Department sold $31 billion of 30-year bonds at a yield of 5.046% , and those hapless buyers are now already substantially underwater. The 10-year Treasury yield rose by 6 basis points to 4.67% on Tuesday and by 29 basis points over the past seven trading days. At the end of February, it had dipped to 3.97%, and since then has risen by 70 basis points. At the auction last week, the Treasury Department sold $52 billion of 10-year notes at a yield of 4.468%, and those buyers are now also substantially underwater. The long-term bond market has been spooked by a trifecta of very ugly problems: Surging inflation , with consumer-facing inflation spreading beyond gasoline into services, electricity (AI), and food, and with business-facing inflation that is now raging at 6.0%, driven by services inflation . A lax Fed that has threatened to “look through” the surge of inflation and that is still recklessly talking about delaying rate cuts, instead of pounding home the message of multiple rate hikes. So that raises the question: How many more mentions ...
da-kuk/E+ via Getty Images How Have Global Equity Return Patterns Changed in the Past 16 Months? Past performance does not guarantee future results. US Large-Cap Growth represented by Russell 1000 Growth, US Large-Caps by S&P 500, US Large-Cap Value by Russell 1000 Value, Europe by MSCI Europe, non-US stocks by MSCI EAFE, Japan by MSCI Japan and emerging markets by MSCI Emerging Markets. Past 16-y...
da-kuk/E+ via Getty Images How Have Global Equity Return Patterns Changed in the Past 16 Months? Past performance does not guarantee future results. US Large-Cap Growth represented by Russell 1000 Growth, US Large-Caps by S&P 500, US Large-Cap Value by Russell 1000 Value, Europe by MSCI Europe, non-US stocks by MSCI EAFE, Japan by MSCI Japan and emerging markets by MSCI Emerging Markets. Past 16-year returns from May 1, 2010, through April 30, 2026. Past 16-month returns from January 1, 2025, through April 30, 2026. (Source: FactSet, FTSE Russell, MSCI, S&P and AllianceBernstein (AB)) It’s human nature to allow familiar patterns to guide our decision-making processes. But it’s just as important to recognize when changing conditions warrant a rethink. Return patterns in global equity markets appear to be shifting in ways that should prompt investors to revisit their allocations. For the past 16 years, US stocks have dominated global returns ( Display ). Since 2010, US large-cap growth stocks have risen well above the pack, returning a cumulative 1,011%, as investors rewarded high-quality businesses and technological innovation. Returns across the US equity markets dwarfed those of European, Japanese and emerging market stocks . Markets Have Flipped in 16 Months Recent return patterns look markedly different. In the 16 months since January 2025, emerging market equities surged by 53.8%, followed by European stocks with a 42.2% gain. US stocks have been left behind. Why have markets shifted? Investors are asking more questions about whether artificial intelligence (AI) will deliver the profitability required to justify the high prices of technology stocks. AI is also fuelling capital intensity, with massive spending on technology infrastructure. Geopolitical tensions have intensified supply chain weaknesses, as the Middle East conflict triggered higher energy prices with cascading effects through industries and economies . Taken together, these trends have supported eq...
Crypto markets run on gyrating cycles of wild exuberance and inconsolable despair, and if you can manage it, buying during the despair phases can be a good way to position yourself for success. Right now, sentiment about the sector is quite sour, and the vast majority of assets are still priced well below their 2025 highs. So it's time to load up on the coins that might be the leaders during the n...
Crypto markets run on gyrating cycles of wild exuberance and inconsolable despair, and if you can manage it, buying during the despair phases can be a good way to position yourself for success. Right now, sentiment about the sector is quite sour, and the vast majority of assets are still priced well below their 2025 highs. So it's time to load up on the coins that might be the leaders during the next bull run, whenever that occurs. Two cryptocurrencies stand out in particular. Ethereum (ETH +0.81%) is battle-tested, relatively inexpensive, indispensable to the crypto sector as a whole, and, as a cherry on top, it's also increasingly attractive to financial institutions. Zcash (ZEC +4.96%), in contrast, is a risky privacy-focused protocol that's clearing hurdle after hurdle. Here's why each deserves a look and perhaps an investment. Ethereum is crypto's home for capital Ethereum's price is about $2,100 as of mid-May, 57% below its all-time high of nearly $4,946 set in August 2025. That kind of tumble scares off most investors, but it also suggests we're currently in a window when this asset's fundamentals diverge sharply from popular sentiment, creating an opportunity. Ethereum today has the largest decentralized finance (DeFi) ecosystem of any blockchain by far, with about $43 billion in capital locked in its protocols, more than six times the next-closest competitor, Solana. Furthermore, it has $165 billion in stablecoin capital on its chain, much more than any of its many rivals, and nearly half of the $323 billion in stablecoin value that exists. It's also the biggest and most important venue for trading or managing tokenized real-world assets (RWAs), which are crypto ownership rights of things like stocks or bonds; nearly $19 billion in tokenized assets are currently tradeable on the network, and again, none of its competitors come anywhere close. Expand CRYPTO : ETH Ethereum Today's Change ( 0.81 %) $ 17.05 Current Price $ 2130.32 Key Data Points Market Cap $25...
UK COVID Inquiry's Endorsement Of Censorship Sets Chilling Precedent Authored by Molly Kingsley via DailySceptic.org, According to the UK’s Covid Inquiry, whose fourth report was published in April, there was “in principle, nothing unlawful or inappropriate in the government monitoring publicly available social media to identify potential trends in disinformation or misinformation” during the pand...
UK COVID Inquiry's Endorsement Of Censorship Sets Chilling Precedent Authored by Molly Kingsley via DailySceptic.org, According to the UK’s Covid Inquiry, whose fourth report was published in April, there was “in principle, nothing unlawful or inappropriate in the government monitoring publicly available social media to identify potential trends in disinformation or misinformation” during the pandemic period. The same report, in declining to criticise the censorious activities of the UK Government during the pandemic, noted that the UK government’s Counter Disinformation Unit was required to ensure that its actions were “lawful, necessary and proportionate”. On a careful reading of this language, the inquiry stops (just) short of expressly endorsing the full scope and extent of the government’s censorship operation. However, the relevant sections of the inquiry’s report create the distinct, and we can assume deliberate, impression that the CDU’s censorship operation was conducted in accordance with constitutional and democratic principles, and was not only justified but was necessary and proportionate. As someone who was on the receiving end of that censorship operation, with the receipts to evidence the very broad scope of commentary that was judged by the CDU to be wrongful or dangerous, this came as a serious disappointment, albeit not a great surprise. Some would argue that in a national emergency scenario, some degree of information monitoring and intervention might be justified . The trouble with that argument is that one very quickly then has to grapple with the fact that – as we saw during the pandemic period – it’s precisely in moments of national crisis – moments where critical decisions must be made in complex situations – that contrasting views are most valuable and essential. As Jay Bhattacharya, Acting Director of the US Centres for Disease Control, has put it: “Dissent is the very essence of science.” In my own case, the offending posts and articles c...
iHub News 14 minutes ago Alibaba launches new AI chip to strengthen domestic semiconductor ambitions (BABA)May 20, 2026 6:29 AM IH Market News Alibaba Group Holding Limited (NYSE:BABA) on Wednesday introduced a new artificial intelligence chip, the Zhenwu M890, as the company accelerates efforts to develop Chinese-made alternatives to processors supplied by NVIDIA Corporation amid tighter U.S. exp...
iHub News 14 minutes ago Alibaba launches new AI chip to strengthen domestic semiconductor ambitions (BABA)May 20, 2026 6:29 AM IH Market News Alibaba Group Holding Limited (NYSE:BABA) on Wednesday introduced a new artificial intelligence chip, the Zhenwu M890, as the company accelerates efforts to develop Chinese-made alternatives to processors supplied by NVIDIA Corporation amid tighter U.S. export restrictions.The processor was developed by Alibaba’s chip-design unit T-Head and delivers performance roughly three times greater than the previous-generation Zhenwu 810E. The chip has been specifically designed for the next generation of AI “agents,” software systems capable of handling complex multi-step tasks with minimal human supervision. Designed for advanced AI agent workloads Alibaba said the Zhenwu M890 is optimised for workloads requiring intensive memory use and high-speed communication, particularly for AI agent systems that must process long context windows and coordinate with other models in real time.The group also presented a long-term semiconductor roadmap, revealing plans to launch a successor chip called the V900 in the third quarter of 2027, followed by another processor, the J900, in the third quarter of 2028.According to Alibaba, the V900 is expected to provide another approximate threefold improvement in performance compared with the M890, highlighting the company’s intention to maintain a consistent pace of internal chip development. China pushes for greater AI chip independence Alibaba’s latest announcement reflects broader efforts across China’s technology sector to reduce reliance on foreign AI semiconductors as Washington continues restricting sales of advanced U.S.-made processors to Chinese companies.The move follows similar initiatives announced by Huawei Technologies Co., Ltd. last year.The Hangzhou-based company previously pledged to invest more than 380 billion yuan ($53 billion) over three years into cloud computing and artificial int...
Business Brief (May 20): China’s Moonshot AI Secures State-Backed Funding 00:00 00:00 /00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Agriculture ministry moves to stabilize pork prices China’s agriculture ministry moved to implement a revised hog-production capacity plan aimed at stabilizing pork prices, as authorities seek to prevent oversupply. The ministry urged local governments to tighte...
Business Brief (May 20): China’s Moonshot AI Secures State-Backed Funding 00:00 00:00 /00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Agriculture ministry moves to stabilize pork prices China’s agriculture ministry moved to implement a revised hog-production capacity plan aimed at stabilizing pork prices, as authorities seek to prevent oversupply. The ministry urged local governments to tighten controls on new production capacity and support differentiated development among small and midsize farms. NEWS SUMMARY Register to read this article for free. Register Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations. Save an extra $50. Introductory offer for new readers. Subscribe now. Share now and your friends will read it for free!
Midwest Professional Planners LTD. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 130.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,750 shares of the electric vehicle producer's stock after purchasing an additional 2,125 shares during the quarter. Midwest Professional Planners LTD.'s hold...
Midwest Professional Planners LTD. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 130.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,750 shares of the electric vehicle producer's stock after purchasing an additional 2,125 shares during the quarter. Midwest Professional Planners LTD.'s holdings in Tesla were worth $1,686,000 as of its most recent SEC filing. Get Tesla alerts: Sign Up Other large investors have also added to or reduced their stakes in the company. Networth Advisors LLC acquired a new stake in Tesla in the fourth quarter valued at $26,000. Chapman Financial Group LLC acquired a new stake in Tesla in the second quarter valued at $26,000. Davidson Capital Management Inc. lifted its stake in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Prism Advisors Inc. acquired a new stake in Tesla in the fourth quarter valued at $30,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Tesla in the third quarter valued at $30,000. Institutional investors and hedge funds own 66.20% of the company's stock. Insider Transactions at Tesla In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO...
IFP Advisors Inc boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,052 shares of the company's stock after buying an additional 11,457 shares during the period. IFP Advisors Inc's holdings in Palantir Technologies were worth ...
IFP Advisors Inc boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,052 shares of the company's stock after buying an additional 11,457 shares during the period. IFP Advisors Inc's holdings in Palantir Technologies were worth $10,852,000 as of its most recent filing with the Securities and Exchange Commission. Get Palantir Technologies alerts: Sign Up Several other large investors have also recently bought and sold shares of PLTR. Vanguard Group Inc. increased its position in Palantir Technologies by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after purchasing an additional 8,168,604 shares during the last quarter. State Street Corp increased its position in Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock worth $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Amundi increased its position in Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock worth $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Palantir Technologies by 228.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company's stock worth $945,403,000 after acquiring an additional 3,602,471 shares in the last quarter. Finally, Clear Street Group Inc. bought a new stake in shares of Palantir Technologies during the 3rd quarter worth about $408,763,000. 45.65% of the stock is owned by institutional investors and hedge funds. More Palantir Technologies News Here are the key news stories impacting Palantir Technologies this week: Insider Activity In related news, i...
C3.ai ( AI ) won a $23.3M jury verdict against Cummins ( CMI ) on Wednesday after a Delaware court unanimously found the engine maker guilty of misappropriating C3 AI's trade secrets. C3 AI brought the case in November 2023, alleging that its licensee, Columbus, Indiana-based Cummins, misappropriated trade secrets. C3 AI became aware of this scheme when a Cummins employee inadvertently shared inte...
C3.ai ( AI ) won a $23.3M jury verdict against Cummins ( CMI ) on Wednesday after a Delaware court unanimously found the engine maker guilty of misappropriating C3 AI's trade secrets. C3 AI brought the case in November 2023, alleging that its licensee, Columbus, Indiana-based Cummins, misappropriated trade secrets. C3 AI became aware of this scheme when a Cummins employee inadvertently shared internal meeting notes documenting Cummins’ plan with C3 AI. C3 AI made repeated attempts to resolve the matter amicably with Cummins management. C3 AI placed calls that Cummins did not return, sent a formal demand letter, and twice agreed to meet in person. Cummins twice cancelled," according to a statement. "We placed our faith in the United States justice system, and the justice system worked. The jurors heard the evidence, applied the law, and unanimously concluded that Cummins misappropriated C3 AI’s trade secrets," CEO Thomas M. Siebel said. More on C3.ai, Cummins Cummins Inc. (CMI) Q1 2026 Earnings Call Transcript Cummins Inc. 2026 Q1 - Results - Earnings Call Presentation Cummins: Earnings Beat On The Way C3 AI shares rise following preliminary Q4 results. Class 8 truck sales improve in April ahead of the seasonal slowdown period
IFP Advisors Inc grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 55.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,238 shares of the electric vehicle producer's stock after acquiring an additional 12,612 shares during the period. IFP Advisors Inc's holdings in Tesla were worth $15,847,000 at the end of the most recent reporting ...
IFP Advisors Inc grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 55.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,238 shares of the electric vehicle producer's stock after acquiring an additional 12,612 shares during the period. IFP Advisors Inc's holdings in Tesla were worth $15,847,000 at the end of the most recent reporting period. Get Tesla alerts: Sign Up Other institutional investors and hedge funds also recently modified their holdings of the company. Networth Advisors LLC acquired a new stake in shares of Tesla during the 4th quarter valued at $26,000. Davidson Capital Management Inc. lifted its position in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at $30,000. Prism Advisors Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla in the third quarter valued at $31,000. Institutional investors and hedge funds own 66.20% of the company's stock. Tesla Trading Down 1.4% Tesla stock opened at $404.11 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The company has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 370.74, a PEG ratio of 16.19 and a beta of 1.79. Tesla, Inc. has a one year low of $273.21 and a one year high of $498.83. The company's fifty day moving average price is $386.65 and its two-hundred day moving average price is $417.28. Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the con...
IFP Advisors Inc grew its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,442 shares of the enterprise software provider's stock after buying an additional 5,799 shares during the period. IFP Advisors Inc's holdings in Oracle were wo...
IFP Advisors Inc grew its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,442 shares of the enterprise software provider's stock after buying an additional 5,799 shares during the period. IFP Advisors Inc's holdings in Oracle were worth $9,052,000 at the end of the most recent reporting period. Several other large investors have also modified their holdings of ORCL. HFM Investment Advisors LLC boosted its holdings in shares of Oracle by 290.9% in the 4th quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider's stock valued at $25,000 after buying an additional 96 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter valued at $28,000. Joseph Group Capital Management acquired a new position in shares of Oracle in the 4th quarter valued at $29,000. Investors Research Corp boosted its holdings in shares of Oracle by 465.5% in the 4th quarter. Investors Research Corp now owns 164 shares of the enterprise software provider's stock valued at $32,000 after buying an additional 135 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC boosted its holdings in shares of Oracle by 76.9% in the 3rd quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider's stock valued at $32,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock. Get Oracle alerts: Sign Up More Oracle News Here are the key news stories impacting Oracle this week: Positive Sentiment: Oracle’s defense AI business is expanding, including new U.S. Department of Defense work and an $88 million Air Force cloud modernization contract through 2028, which adds to the company’s growing backlog in secure AI and cloud infrastructure....