Faizan Farooque

6 days ago | gurufocus.com | Faizan Farooque

Nio (NIO, Financials) said it will showcase vehicles from all three of its brands — Nio, Onvo, and Firefly — at the 2025 Shanghai auto show, scheduled for April 23 to May 2 at the National Exhibition and Convention Center in Shanghai. The participation will mark the fifth time the Nio brand is featured at the biennial event, and the first for its two sub-brands, Onvo and Firefly. Firefly's first model, a compact battery electric vehicle, will launch on April 19 ahead of the show.

6 days ago | gurufocus.com | Faizan Farooque

Hertz Global Holdings (HTZ, Financials) shares soared 56% on Wednesday, and 43.8% on Thursday, after a regulatory filing showed Bill Ackman (Trades, Portfolio)'s Pershing Square had built a 4.1% stake in the rental car company by the end of 2024. A person familiar with the matter told CNBC that Pershing Square has since raised its position to 19.8% through shares and swaps, making it the second-largest shareholder in Hertz.

6 days ago | gurufocus.com | Faizan Farooque

Motorsport Games (MSGM, Financials) shares surged 145.5% to close at $2.75 on April 17 at 5:08 p.m. ET, before falling 4.39% to $2.63 in after-hours trading, following the company's announcement that it raised approximately $2.5 million through a private placement led by virtual reality company Pimax, according to a statement from Motorsport Games.

6 days ago | gurufocus.com | Faizan Farooque

Anthropic will roll out its Claude artificial intelligence application to U.S. government agencies under a partnership with Palantir Technologies (PLTR, Financials), the companies announced. Claude for Enterprise will be made available through Palantir's FedStart program, allowing federal agencies to access the AI tool under Federal Risk and Authorization Management Program High and Department of Defense Impact Level 5 security standards. The deployment is expected in the coming months.

6 days ago | gurufocus.com | Faizan Farooque

Benchmark analysts launched coverage on MercadoLibre (MELI, Financials) with a Buy rating and a $2,500 price target, pointing to the company's strong position in Latin America's fast-growing e-commerce and fintech sectors. Shares were trading near $2,037 on Tuesday. The company posted $20.78 billion in revenue last year, up 37.5% from the prior year, with gross margins at 52.67%, according to InvestingPro.