Yoel Beinart

1 week ago | wallstreetpit.com | Yoel Beinart

Lyft Inc. (LYFT) stock surged 22% to $15.84 after reporting $4.16 billion in first-quarter gross bookings, up 13% and above the $4.15 billion forecast, with rides increasing 16% to 218.4 million, beating expectations of 215.1 million. The company expanded its share repurchase program to $750 million, planning to use $500 million within 12 months, including $200 million in the next three months, while projecting 10% to 14% gross bookings growth for the second quarter.

1 week ago | wallstreetpit.com | Yoel Beinart

Boeing’s (BA) stock rose 4.22% to $193.39, hitting an intraday high of $194.75, driven by a $10 billion U.K. plane order and optimism for further international deals. Despite a $435 billion order backlog, Boeing’s stock rally reflects confidence in expanding global markets, critical as nearly half of its 2024 revenue came from international sales.

1 week ago | wallstreetpit.com | Yoel Beinart

Report suggests that Intel (INTC) has signed a major foundry deal with Microsoft (MSFT) using the 18A process, with talks underway with Google (GOOG), marking a milestone under CEO Lip-Bu Tan to compete with TSMC and Samsung. Intel’s 18A process is in risk production, with volume manufacturing expected this year, and enhanced variants 18A-P (2026) and 18A-PT (2028) in development, alongside early 14A PDK sharing with partners.

1 week ago | wallstreetpit.com | Yoel Beinart

The Trump administration’s decision to rescind the AI diffusion rule, set to take effect on May 15, led to a 3% rise in Nvidia’s stock price, closing at $117.06, reflecting market optimism. The rule, criticized as overly complex, would have restricted exports of advanced AI chips by Nvidia, AMD, and Intel to countries based on a three-tier system, potentially hindering U.S. innovation.

1 week ago | wallstreetpit.com | Yoel Beinart

Amazon’s Vulcan robot, equipped with an AI-powered tactile sensor, handles 75% of the 1 million unique items in its Spokane warehouse, performing human-like stowing tasks with precision. Vulcan aims to reduce worker injuries by automating high-reach stowing, while creating higher-skilled jobs, with Amazon’s robotics team growing to over 250 employees in three years.