TradeZero Blog

Image source: Wikimedia Commons and Adobe Stock

Stellantis Shares Plunge Nearly 9% After CEO Carlos Tavares’ Abrupt Resignation

Stellantis stock dropped as much as 8.9% on Monday, marking its lowest point in over two years, following the sudden resignation of CEO Carlos Tavares on Sunday. The unexpected leadership change has heightened investor concerns about the carmaker’s ability to navigate challenges, including U.S. overcapacity, sluggish global car demand, and rising competition from Chinese automakers.

December 2, 2024
Image source: Photo by Gilles Lambert on Unsplash

Australia Bans Social Media for Under-16s, Imposes Potential $32M Fines on Meta, TikTok, and Snapchat

Australia’s new Social Media Minimum Age Bill bans children under 16 from using platforms like Instagram, Facebook, TikTok, and Snapchat. Meta, ByteDance (TikTok), and Snap could face hefty fines of up to $32 million (AUD 49.5 million) for violations. The law, passed Thursday, also exempts YouTube from the age restriction, marking a significant step in regulating social media access for minors. Benzinga reports.

November 29, 2024
Image source: Photo by Wikimedia Commons and Adobe Stock

CrowdStrike Surpasses Q3 Estimates Despite Global Outage Challenges

CrowdStrike Holdings delivered stronger-than-expected Q3 results, posting adjusted earnings of $0.93 per share on $1.01 billion in revenue, surpassing analysts’ estimates of $0.81 per share and $983 million in revenue. The cybersecurity firm overcame anticipated headwinds from a global tech outage linked to its software earlier this year, reaffirming its resilience and market leadership in cybersecurity solutions.

November 27, 2024
Image source: Wikimedia Commons

Qualcomm Steps Back from Intel Acquisition: Semiconductor Shake-Up on Hold

Qualcomm's interest in acquiring Intel has cooled, halting what could have been a landmark tech deal reshaping the semiconductor landscape. The decision contributed to regulatory challenges, Intel's $50B debt, and its manufacturing unit’s struggles. The move shifts focus back to Intel's reinvention efforts and Qualcomm's ambitions to tap into emerging markets like PCs, networking, and automotive chips.

November 26, 2024
Has The Santa Rally Began?

Has The Santa Rally Began?

The stock market had a mixed but generally positive week from November 18 to November 22, 2024, with notable sector rotations and record highs for certain indices:

November 25, 2024
Image source: Wikimedia Commons

Intel’s Federal Chips Grant Slashed Below $8 Billion Amid Pentagon Contract Considerations

The U.S. government plans to trim Intel’s $8.5 billion federal chips grant, citing a $3 billion Pentagon contract. The funding supports semiconductor production as part of the CHIPS Act initiative, but adjustments reflect evolving priorities in domestic chip manufacturing.

November 25, 2024
Image source: Wikimedia Commons

Super Micro’s Wild Ride: Delisting Fears Loom Despite a 60% Weekly Surge

Super Micro Computer (SMCI) sees a roller-coaster week with a 60% rally but ongoing delisting risks due to delayed earnings filings. Amid new auditor hires and Nvidia partnership mentions, volatility remains the name of the game.

November 22, 2024
Image source: Wikimedia Commons

Nvidia Faces Supply Chain Challenges Amid AI Demand Surge

Nvidia's shares dip over 3% as supply constraints and a design flaw in its Blackwell chips hinder production, despite booming AI demand. CEO Jensen Huang emphasizes efforts to ramp up output, with analysts closely watching how supply bottlenecks impact revenue projections.

November 21, 2024
Image source: Wikimedia Commons

Volkswagen Faces Historic Union Showdown Over $18B Cost Cuts

Unions at Volkswagen threaten strikes and demand shared sacrifices as the automaker pushes for deep cuts, including plant closures and pay reductions. Talks intensify amid German industrial challenges and rising global competition.

November 20, 2024
Image source: Wikimedia Commons

Nvidia's AI Surge: Will Blackwell Chips Drive the Next Revenue Wave?

Nvidia, a leader in AI chips, faces slowing growth and supply chain challenges ahead of its Q3 results. Investors are focused on its new Blackwell processors, which are expected to generate billions amid tight production capacity.

November 19, 2024