Sony Boosts Profit Outlook on Entertainment Strength and Sensor Demand
Sony raises annual profit forecast to $9.3B, beating estimates with strong entertainment content, smartphone sensors, and PS5 sales. Shares jump 6% on positive outlook.
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JPMorgan Downgrades CoreWeave to Neutral Amid Supply Chain Delays
JPMorgan cuts CoreWeave rating to Neutral and lowers price target to $110, citing supply chain issues that delay revenue despite strong bookings.
Xpeng Stock Soars on Iron Robot & 2026 Robotaxi Plans
Xpeng shares surged after unveiling its next-gen 'Iron' humanoid robot and plans for three AI robotaxi models in 2026.
Beyond Meat Reports Deepening Losses Amid Declining Plant-Based Demand
Beyond Meat reports $110.7M Q3 loss as sales drop 13% to $70.2M. Asset impairment charges, weak U.S. demand, and category headwinds weigh heavily on plant-based meat company.
Massive Divestment: SoftBank Raises $15 Billion Through Nvidia and T-Mobile Stake Sales
Japanese conglomerate SoftBank sold its entire stake in Nvidia for $5.83 billion. The company reported a $19 billion gain on its Vision Fund and continues its aggressive push into AI ventures.
Paramount Earnings Show Streaming Gains, Plans Job Cuts
Paramount's (PSKY) Q3 earnings show streaming growth offset by TV decline post-Skydance merger. Company targets $3B in cost savings with 2,000 layoffs while pursuing Warner Bros. Discovery acquisition.