Palo Alto Networks stock price rose by 26% in 2024 as demand for cybersecurity continues rising globally. It also jumped because of the artificial intelligence tailwinds that have pushed other companies in the industry sharply higher. Its stock rose to a record high of $207 and then pulled back to…
HomeStreet Bank, a Seattle-based lender, is making a significant move to shore up its financial position by selling nearly $990 million of its multifamily commercial real estate loans to Bank of America (BofA). This strategic decision, announced Friday, aims to propel the bank back to profitability and alleviate the burden…
OpenAI, the pioneering force behind artificial intelligence breakthroughs, has unveiled a plan to overhaul its corporate structure, signaling a significant strategic shift to fuel its ambitious pursuit of artificial general intelligence (AGI). The company announced Friday that it will establish a public benefit corporation (PBC) to manage its burgeoning business…
Comscore’s senior media analyst Paul Dergarabedian sees streaming platforms, including Netflix Inc (NASDAQ: NFLX), as complementary not adversarial for movie theatres. “I think they all work together; it’s this giant ecosystem,” he told CNBC in an interview on Friday. That’s part of the reason why NFLX is keeping its…
Bernstein analysts expect the wafer fab equipment market to remain “flat-ish” next year after an estimated 10% growth on the back of continued demand from China in 2024. Still, the investment firm likes two European semiconductor stocks: BE Semiconductor Industries NV and Infineon Technologies AG for the coming year. Here’s…
Rigetti Computing (RGTI) continued to rise spectacularly on Friday, with shares seen increasing by more than 13% to $17.53 during morning trading. The gain follows a record close at $15.44 on Thursday, marking the fifth consecutive session of gains for the quantum-computing services company. Rigetti’s shares have skyrocketed more than…
The GoPro stock price continued declining in 2024, fueled by concerns about its viability. During the year, it crashed by 68%, valuing the company at just $171 million, much lower than its all-time high of $2.6 billion. So, what’s next for the GPRO shares? GoPro’s business is struggling GoPro, a…
Shocking news emerged recently as labour officials in Brazil revealed that employees from China working at a construction site linked to BYD Electric Vehicle company are believed to be victims of human trafficking activities. According to a Reuters report, these revelations have sparked controversy and raised concerns for BYD and…
Similarweb’s stock price performed well in 2024 as the company’s business gained momentum. SMWB rose by over 170%, bringing its valuation to over $1.2 billion. It outperformed most companies and key indices like the S&P 500 and Nasdaq 100. So, is Similarweb a good company to buy in 2025? Similarweb’s…
Luminar Technologies Inc (NASDAQ: LAZR) has managed to increase its sales by about five times over the past four years. But that may still not be enough for investors as the company’s revenue growth has, nonetheless, fallen significantly short of the pace its management guided for in 2020. LAZR ended…