Author: pluginever

Tesla’s brutal round of layoffs entered its fourth week, with more employees posting on LinkedIn and elsewhere about receiving notice that their time at the company has come to an end. The most recent layoffs, which were first reported by Electrek and Business Insider, appear to be hitting different segments of the company, including software,…

Im curious if the massive AI spend on hardware is coming to an end and the new spend will be AI software and development. -Stanley Druckenmiller cut his NVDA stake -Brad Gerstner a top advocate for AI today on cnbc mention his fund has a few short positions and trimmed some stakes in AI holdings.…

Disney reported fiscal second-quarter earnings Tuesday that beat analyst estimates after narrowing streaming losses. Revenue was in line with expectations. Disney’s total segment operating income jumped 17% as Disney’s entertainment streaming applications — Disney+ and Hulu — turned a profit in the quarter for the first time. When combined with ESPN+, the streaming businesses lost…

Rivian (RIVN) reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Illinois, plant and trimmed its capital expenditure forecast. The EV-maker also reaffirmed its full-year loss forecast, and still sees a “path” to “modest gross profit” in the fourth quarter of…

Apple announced new versions of its iPad Air and iPad Pro tablet computers on Tuesday in a short video posted on its website. Apple said that it would come in two sizes: An 11-inch size, that matches older models, and a larger 13-inch model. Both are equipped with Apple’s M2 chip. The smaller iPad costs…

SF Fed published their study last Friday showing consumer excess savings have run out. This saving was the cushion that allowed consumers to continue spending in 2022, even when inflation was outpacing their wage growth up until a year ago. To continue spending, consumers chose to save less and deplete their excess savings, shown by…

We need 70% less coders from third parties to code as the AI handles most of the coding, the human only needs to look at the final 30% to validate it, that's a big savings for the company moving forward. Second things like call centers, the language models have become so sophisticated now. They can…

Reddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its IPO in March. Here’s how the company did: Loss per share: $8.19 loss per share. That may not compare with the $8.71 loss expected by LSEG Revenue: $243 million vs. $212.8 million expected by…

This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme. Some helpful day to day links, including news: Finviz for charts, fundamentals, and aggregated news on individual stocks Bloomberg market news StreetInsider…

Someone ELI5 how is it better to invest a lump sum at the all-time high right now, than wait a few/several years for a dip/crash? The Ukrainian War doesn't look like it's going to end soon, the Middle Eastern crisis/war, possible conflict over Taiwan, the AI hype is worn out, etc. What gives you a…