manufacturing
Nio Inc (NYSE: NIO) is pushing further to the upside in premarket on Wednesday after a JPMorgan analyst removed his bear rating from shares of the electric vehicles company. Nio stock receives an upgradeNick Lai expects battery as a service (BAAS) strategy of the EV firm to be a meaningful tailwind for its share price. He upgraded Nio stock this morning to “neutral” and said: By successfully lifting the take rate, NIO broadens its TAM and lowers entry price point for mass BEV segment of below RMB 300K for two important volume models – the ES6 and ET5 (accounting for 75% of sales in 2023. Nio I...
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Canoo Inc (NASDAQ: GOEV) is trading down in extended hours on Tuesday after reporting disappointing financial results for its first quarter. Canoo reiterates guidance for 2024Investors are concerned because the future guidance failed to impress as well. $GOEV continues to see its annual revenue coming in the range of $50 million and $100 million in 2024. Cash outflow, the electric vehicles company added, will be capped at $75 million per quarter. Tony Aquila – the chief executive of Canoo Inc said in a press release today: We continue to execute on our strategy of acquiring deeply discounted l...
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KOSS Corp (NASDAQ: KOSS) opened up more than 50% as the meme stock craze continued on Tuesday. Koss stock has more than doubled versus its YTD lowMeme stocks including $KOSS have been rallying ever since Keith Gill who goes by “Roaring Kitty” on X posted on the social media platform on Monday. His tweet was significant since it was the first one he’s made since inspiring the $GME short squeeze in 2021. Koss stock is now up well over 100% versus its year-to-date low even though it reported about a 40% increase in net loss for its third financial quarter last month. This is to say the recent ral...
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Intuitive Machines Inc (NASDAQ: LUNR) is down about 10% on Tuesday even though it reported better-than-expected revenue for its first financial quarter. Why is Intuitive Machines stock down on Tuesday?The stock is taking a beating primarily because the management failed to impress with its future guidance. $LUNR forecasts its revenue to fall between $200 million and $240 million in fiscal 2024. Analysts, in comparison, were at $268 million. Still, Steve Altemus – the chief executive of Intuitive Machines said in a press release today: We had an excellent start to the year, anchored by our succ...
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Nio Inc (NYSE: NIO) is pushing to the upside in premarket today after William Li – its chief executive was named “EV person of the year”. Why did Nio CEO win the title?Li was crowned at the 2024 TopGear.com Electric Awards on Monday. The news arrives shortly after Nio became the first electric vehicle firm to launch semi solid-state batteries for the mass market. According to Jack Rix – edit-in-chief of BBC Top Gear: Li has been signing deals all over China to use its battery swap tech as a standard on future cars, stamping his mark on EVs. Note that the company based out Shanghai, China is al...
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Paris (AFP) - Microsoft on Sunday announced four billion euros in investment for developing data centres in France, joining fellow US giant Amazon in committing to the country's tech infrastructure. The announcements came on the eve of the seventh Choose France Summit, the aim of which is to attract foreign investors to the country. Macron will host it at the Chateau of Versailles near Paris. Microsoft's president Brad Smith told AFP the move to strengthen its artificial intelligence and cloud computing infrastructure was the tech giant's biggest-ever investment in France since its arrival 41 ...
AFP
By Beiyi SEOW Greensboro (États-Unis) (AFP) - Plus jeune, Devante Cuthbertson pensait devoir un jour quitter sa ville de Greensboro, dans le sud-est des Etats-Unis, pour trouver du travail, jusqu'à ce que le constructeur japonais Toyota décide d'investir près de 14 milliards de dollars pour y bâtir une méga-usine de batteries automobiles. A 28 ans, il effectue un apprentissage dans un établissement public d'enseignement technique, incluant trois jours hebdomadaire de travail chez le constructeur installé en Caroline du Nord, dans l'optique d'y décrocher un emploi. Une déferlante d'investisseme...
AFP (Français)
3M (NYSE: MMM) stock price has gone through a rough patch since 2018, undoing some of the gains it made in the past decades. It has plunged by over 43% from a high of $170 in 2018 to today’s $96 as the company faces substantial challenges. In the long-term, however, 3M has been a stellar company as its stock surged by over 345% from its lowest point in 2010. Challenges and turnaround3M is one of the biggest industrial companies in the US with a market cap of over $52 billion and annual revenues of over $32 billion. It manufactures products that lead their respective industries like safety and ...
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Greensboro (United States) (AFP) - Growing up, Devante Cuthbertson assumed he might have to leave his North Carolina hometown to pursue a career, but a new multi-billion-dollar Toyota battery plant is offering him a reason to stay put. The 28-year-old from Greensboro is among students of an apprenticeship program at Guilford Technical Community College, working three days weekly with the automaker with an eye on future employment. "At one point, I felt maybe I'd go to a different state or a different country and try different job avenues," Cuthbertson told AFP. But when the Toyota tie-in "cam...
AFP
Famed investor Jim Cramer is all praise for Jayshree Ullal – the chief executive of Arista Networks Inc (NYSE: ANET) after her company reported financial results for its first quarter last night. Cramer has been bullish on Arista NetworksArista Networks handily topped Street estimates for both profit and revenue in its first financial quarter. According to the Mad Money host: $ANET is now up there with Club name Broadcom as an adjacency to the Titans as CEO Jayshree Ullal calls them. Is she the best in adjacents to hyperscalers? I am beginning to believe so. Investing in the computer networkin...
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