Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW)
fell 5.2% in the morning session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit.
Wedbush analyst Daniel Ives highlights AI's growing impact on enterprise spending in 2025. AI now comprises 12% of IT budgets, with many companies increasing investments.
Meta Platforms Inc. (NASDAQ: META) has been discovered to be profiting from its Llama AI models through revenue-sharing agreements with host businesses.
Stephanie Link, Chief Investment Strategist at Hightower Advisors, on Wednesday shared her insights on key stocks. Stephanie Link sees growth in Amazon, Palo Alto Networks, Target, and Nextera Energy amid market shifts.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Couchbase (NASDAQ:BASE) and its peers.
Renowned short-seller Jim Chanos has taken aim at Palantir Technologies Inc. executives for what he perceives as hypocrisy in their public messaging versus private actions.
Martin Shkreli, the controversial former hedge fund manager known as "Pharma Bro," questioned but ultimately defended Palantir Technologies Inc.'s growth projections on Wednesday, calling analysis of the company's $4 million average revenue per customer "flawed."
Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW)
fell 7.1% in the morning session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. On Sunday, March 9, 2025, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors.
The sell-off was particularly pronounced in the tech sector, with the Nasdaq falling 3.5% into correction territory, while the S&P 500 also posted a 2.7% decline.
