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Latest equity news, market movers and company updates.
Latest Stock News
NVIDIA Earnings Beat by 12% as Data Center Revenue Hits $22.6B
NVIDIA's blowout Q1 results demolished Wall Street estimates, with data center revenue growing 427% year-over-year driven by insatiable demand for H100 and Blackwell GPUs.
Tesla Misses Q1 Delivery Targets, Shares Fall 6% Premarket
Tesla delivered 386,810 vehicles in Q1, falling short of the 449,080 analyst consensus as Model Y production ramp at Gigafactory Texas hit unexpected supply chain delays.
Apple Unveils Vision Pro 2 at WWDC: Thinner, Lighter, $1,500 Cheaper
Apple announced the second-generation Vision Pro with a redesigned optical system, a 40% reduction in weight, and a $2,000 starting price aimed at mainstream adoption ahead of the holiday season.
JPMorgan Posts $14.5B Profit as Investment Banking Revenue Jumps 27%
JPMorgan Chase reported its highest-ever quarterly net income of $14.5 billion, powered by a revival in M&A advisory and a record equities trading desk. CEO Jamie Dimon flagged geopolitical risk as a key uncertainty for H2.
Meta Ad Revenue Surges 28% as AI-Powered Targeting Wins Back Advertisers
Meta Platforms reported Q1 advertising revenue of $36.5 billion, up 28% year-over-year, as its AI-driven Advantage+ ad placement system drove outsized returns for e-commerce and retail clients.
Amazon AWS Growth Accelerates to 17% as AI Workloads Drive Cloud Spending
Amazon Web Services posted $25.1 billion in Q1 revenue, with growth re-accelerating to 17% as enterprise customers commit to multi-year AI infrastructure contracts. Operating margin expanded to a record 38.1%.
Microsoft Copilot Reaches 100M Daily Users, Azure AI Revenue Triples
Microsoft disclosed that its Copilot suite has crossed 100 million daily active users, while Azure AI services revenue tripled year-over-year. The company raised its full-year cloud guidance by $3 billion.
Small-Cap Stocks Surge as Rate-Cut Hopes Spark Russell 2000 Rotation
The Russell 2000 jumped 2.3% in its best single-day performance in three months, with investors rotating into rate-sensitive small-caps as softer-than-expected CPI data revived hopes for a September Fed cut.
Sector Rotation Into Energy Accelerates as Oil Rebounds Above $85
Energy stocks led S&P 500 sector performance for the third straight session as Brent crude rebounded sharply above $85 per barrel. ExxonMobil and Chevron each gained more than 3% on the day.
Bank Stocks Rally as Fed Officials Signal No Further Rate Hikes
Bank of America, Wells Fargo, and Goldman Sachs all gained more than 2% after Fed Governor Waller said the current rate level is sufficiently restrictive, removing tail risk of additional tightening that had weighed on net-interest-margin outlooks.
Google's DOJ Antitrust Remedies Hearing: Breakup Scenario Now Less Likely
Legal analysts say the Department of Justice's proposed remedies in its search monopoly case are unlikely to include a structural breakup of Google, with behavioral remedies such as API data-sharing requirements now seen as the baseline outcome.
Amazon Expands Same-Day Delivery to 40 New US Cities, Pressuring UPS and FedEx
Amazon announced a major logistics expansion that will bring same-day delivery to 40 additional US metros by Q3, intensifying competition with UPS and FedEx in the last-mile delivery market.
Netflix Adds 9.3M Subscribers in Q1, Raises Full-Year Revenue Guidance
Netflix beat first-quarter subscriber estimates by more than 2 million, adding 9.3 million paid members globally. The company also raised its full-year revenue outlook by $500 million, citing stronger-than-expected ad-supported tier growth.
Cyclicals Lead as Investors Dump Defensive Stocks on Growth Optimism
Utilities, consumer staples, and real estate investment trusts underperformed sharply this week as improving economic data prompted a rotation out of defensive sectors. Financials, industrials, and materials led the S&P 500.
S&P 500 Q1 Earnings Season Scorecard: 78% of Companies Beat EPS Estimates
With 85% of S&P 500 companies having reported first-quarter results, 78% have exceeded EPS consensus estimates — above the five-year average of 74%. Blended earnings growth of 8.2% is the strongest since Q3 2022.