DailyEdge

Snowflake CEO Sridhar Ramaswamy reassured that the recent cyberattack had minimal impact on core business operations, despite an 8% stock drop following a strong earnings report. The company remains focused on growth, with a raised revenue forecast and a $2.5 billion buyback program. Benzinga reports.

The company has sold its entire stake in JD.com for $3.6 billion, marking an 11% discount on the Chinese e-commerce giant's share price. The U.S. retailer plans to focus on expanding its Sam’s Club operations in China, with 45 locations already established across the country. MarketWatch reports.

Saudi Arabia’s Public Investment Fund is in early discussions to acquire Boeing and Airbus freighters for a new cargo airline aimed at positioning the kingdom as a logistics hub. The new operation would support Saudia and startup Riyadh Air, as Saudi Arabia seeks to rival Dubai and Doha in the global air freight market. Bloomberg reports.

The company is set to report earnings, and investors are watching closely to see if the recent CrowdStrike software outage has influenced customer behavior. The results could reveal whether Palo Alto is benefiting from CrowdStrike's brand damage and shifting dynamics in the cybersecurity market. MarketWatch reports.

The company reported strong earnings fueled by AI demand, yet shares dipped 3% after hours. Investors remain cautious despite the company's optimistic outlook on the semiconductor industry. 🤖

Nike shares surged after Bill Ackman’s Pershing Square revealed a new investment in the company, which has struggled with a 28% decline this year. The move signals renewed interest in the apparel giant despite recent challenges. 👟

Elliott Investment Management, fresh off a major victory at Starbucks, is turning up the heat on Southwest Airlines. The activist investor plans to nominate 10 board members in a bold move to reshape the struggling carrier's leadership and strategy. ✈️

Investors are eyeing Google’s upcoming hardware event, hoping new AI features can reverse a $360 billion drop in Alphabet’s market value. With shares down 15% in a month, this showcase could be key to boosting confidence. 📱

The company shares edged up in early Monday trading, as the company looks to ease concerns over a reported delay in its next-generation Blackwell chips. Wall Street analysts remain confident, with expectations that current-generation Hopper chips will sustain strong sales through 2024, and Blackwell chips will become a key contributor by year's end. 🚀

Nvidia stock continues its recovery in pre-market trading, following Thursday's 6% surge, as tech stocks lead a market comeback. Despite recent volatility and a 25% decline from its June peak, analysts remain optimistic, highlighting ongoing strong demand for AI chips and Big Tech's increased investment in data centers. 🟢