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1 day ago | 
gurufocus.com | Faizan Farooque
Nvidia (NVDA, Financials) director Mark Stevens sold more than 1 million shares this week, bringing in nearly $150 million from two transactions on Monday and Tuesday, according to a Securities and Exchange Commission filing. Those sales are part of a broader plan disclosed Monday to sell up to 4 million Nvidia shares—worth about $550 million at the time—under a proposed 10b5-1 program.
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2 days ago | 
ca.finance.yahoo.com | Faizan Farooque
Apple (AAPL, Financials) was downgraded by Needham to hold from buy on Wednesday, with the firm withdrawing its $225 price target. Analyst Laura Martin cited weak expectations for the iPhone upgrade cycle, an expensive valuation versus peers, and rising competitive risks. Martin said the iPhone maker needs a strong upgrade cycle to justify further stock gains, but demand looks soft heading into the iPhone 17 launch this fall.
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2 days ago | 
ca.finance.yahoo.com | Faizan Farooque
A majority of Warner Bros Discovery (WBD, Financials) shareholders voted against the 2024 compensation package for Chief Executive David Zaslav, according to a regulatory filing issued Tuesday. The nonbinding vote reflects growing shareholder frustration as the company's stock continues to underperform. Shareholders rejected Zaslav's $52 million pay deal, which exceeds the 2024 compensation reported by Disney CEO Bob Iger ($41 million) and Comcast CEO Brian Roberts ($34 million).
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2 days ago | 
ca.finance.yahoo.com | Faizan Farooque
Costco Wholesale (COST, Financials) is back in the spotlight after its stock climbed above $1,000, sparking fresh debate over whether the warehouse retail giant might finally split its shares. The company hasn't done so since a two-for-one split in 2000. The stock has gained roughly 25% over the past 12 months and closed Friday near $1,040, joining a short list of S&P 500 companies with four-digit share prices.
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2 days ago | 
ca.finance.yahoo.com | Faizan Farooque
Meta Platforms (META, Financials) signed a 20-year agreement with Constellation Energy (CEG, Financials) to purchase about 1.1 gigawatts of electricity from the Clinton Clean Energy Center in Illinois, beginning in June 2027. The deal secures the entire output from the plant's nuclear reactor and marks Meta's first formal investment in nuclear energy.
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2 days ago | 
ca.finance.yahoo.com | Faizan Farooque
Netflix (NFLX, Financials) climbed to a record intraday high Tuesday before closing just below $1,218, after Jefferies raised its price target to $1,400. The new target implies a 15% upside from Tuesdays close and stands well above the $1,192 consensus. Jefferies reiterated its "buy" rating, pointing to sustained earnings growth, a robust 2025 content lineup, and accelerating ad revenue.
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2 days ago | 
gurufocus.com | Faizan Farooque
Nvidia (NVDA, Financials) reclaimed its position as the world's most valuable publicly traded company on Tuesday, overtaking Microsoft (MSFT, Financials) after its shares climbed 3% to $141.40. The gain lifted Nvidia's market capitalization to $3.45 trillion, narrowly edging past Microsoft's $3.44 trillion. The last time Nvidia held the top spot was on Jan. 24, and it has rotated frequently with Microsoft and Apple over the past year.
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2 days ago | 
gurufocus.com | Faizan Farooque
OpenAI said Wednesday it now has more than 3 million paying business customers using its workplace offerings, up from 2 million in February. The figure includes ChatGPT Enterprise, Team, and Edu clients, according to the company. OpenAI's workplace-focused products have seen rapid adoption alongside rising usage of its consumer chatbot, with 400 million weekly active users reported earlier this year.
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2 days ago | 
gurufocus.com | Faizan Farooque
Nissan (NSANY, Financials) is launching a sweeping restructuring plan to address years of declining sales and chronic overcapacity, according to new CEO Ivan Espinosa. In an interview with CNBC on Wednesday, Espinosa said the company's near-term focus is internal: “We are convinced that the plan is enough and robust,” he said, pointing to a multi-year effort that includes deep cost reductions and operational resizing.
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2 days ago | 
gurufocus.com | Faizan Farooque
Tesla (TSLA, Financials) reported a major rebound in May sales in Australia, where deliveries jumped to 3,897 vehicles—up over 675% from April and the highest monthly total in nearly a year. The surge was driven almost entirely by demand for the company's recently updated Model Y SUV, according to the Australian Electric Vehicle Council. Year-over-year, Tesla's Australian sales rose just 9.3%, but the rebound followed a steep slump in April, when the company sold only 500 units.
