Ford Goes All-In on Hybrids as its EVs Lost Nearly $5 Billion in 2023
Losses on Ford’s EV segment more than doubled last year and the company strengthens its focus on hybrids
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Losses on Ford’s EV segment more than doubled last year and the company strengthens its focus on hybrids
Palantir (PLTR.us), the maker of defensive software, surged close to 31% yesterday after the company beat Q4 earnings expectations, with the stock closing at $21.87. This is the company’s largest one day percentage gain on record. In the past the market had concerns about future deals with the government, but this has been overlooked with the market positively receiving the company’s success in its commercial deals for its analytics software.
The three media giants announced an agreement to combine their sports offerings into a new streaming service, in a move that could shape the streaming market, as sports programming is becoming increasingly important
The US lender announced a 71% reduction in dividend and a rare net loss in Q4 due to higher provision for credit losses, reigniting fears around regional banks nearly a year after the Silicon Valley Bank failure
Intel Stock gapped down on 26 January following the chip makers outlook for Q1 2024, which lagged analysts’ forecasts. However, it is notable that the company’s stock price nearly doubled in 2023, surging by 91%.
The social media giant delivered another blowout quarter on the back of higher ad sales, its main revenue generator, which is also helped by the AI push
Microsoft (MSFT.us) delivered $2.93 EPS on a revenue of $62.02 billion for the quarter ended 31 December 2023. This is ahead of Wall Street estimates of $2.77 EPS and $61.1 billion. In effect, the company’s earnings increased 33% on a year-over year basis and sales increased by 18%.
Jensen Huang, Nvidia’s CEO, acknowledged that the demand for artificial intelligence chips is booming. According to reporters in Taiwan, he said that AI is a “rebirth of the industry” with this year as “a huge year.”
The EV leader recorded its smallest revenue increase in years and warned of slower vehicle volume growth in 2024, but Mr Musk sounded optimistic around the future and touted a next gen model
Netflix (NFLX.us) posted better-than-expected revenue for Q4. The company also added 13.1 million net new subscribers in the quarter, which is a substantial beat over the 8.7 million net subscribers the company had forecast. This makes it the best-ever fourth quarter for new subscribers. Promising was that the growth was for all regions, and the company now has 260.3 million subscribers globally.
Apple has been banned from selling current versions of its Apple Watch in the US as a federal appeals court decides on the patent dispute regarding a sensor. This suggests that the company may pull the watches from stores for the second time in less than a month.
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