Author: arthursheikin@gmail.com

[ad_1] Meta Platforms reported better-than-expected quarterly results , and analysts are feeling optimistic about its performance going forward. Meta earned $7.14 per share on revenue of $47.52 billion during the second quarter, while analysts surveyed by LSEG had expected $5.92 per share and $44.80 billion in revenue. The company also said it anticipates its sales for the third quarter to be between $47.5 billion and $50.5 billion, above the $46.14 billion analysts polled by LSEG had penciled in. Additionally, the company raised its full-year forecast for capital expenditures, saying that will be between $66 billion and $72 billion, higher than…

[ad_1] Analysts and investors liked what they just heard from Microsoft . For the company’s fiscal fourth quarter , Microsoft earned $3.65 per share on $76.44 billion in revenue. That’s better than the $3.37 per share and $73.81 billion in revenue that analysts surveyed by LSEG were looking for. Azure’s revenue growth was a standout figure of the report, as it rose 39% during the quarter. Analysts polled by StreetAccount had expected growth of 34.4%. Looking ahead, Microsoft said it anticipates Azure growing 37%, better than the StreetAccount consensus estimate of 33.7%. Investors were encouraged by the report, as Microsoft…

[ad_1] Investors should buy the recent dip in CoreWeave as strong AI demand will power shares higher, according to Citi. Analyst Tyler Radke upgraded the artificial intelligence cloud computing stock to buy from neutral. His price target of $160 implies upside of 55% from Wednesday’s close. Despite more than doubling since its IPO in late March, CoreWeave has tumbled nearly 37% over the past month, with investors skeptical about the company’s $9 billion acquisition of Core Scientific. That said, Radke noted that Microsoft’s strong quarterly figures signal AI demand remains strong — which will boost CoreWeave long term. CRWV 1M…

[ad_1] Growing up, I was always told that the bigger your house, the richer you are, and the richer you are, the happier you are.Looking back, none of my childhood homes would be considered small. I always had my own room and a big yard to play in. Yet, as I grew up, I still wanted more.The first home I lived in as an adult was a two-story new-build house with three bedrooms and 2,400 square feet.I bought it with the inheritance I had received a year earlier with my dad’s passing, and rented the other bedrooms to two fellow…

[ad_1] If Palmer Luckey wants to lean into the real-life Tony Stark comparisons, you might expect him to be listening to “Back in Black” by AC/DC.Instead, he seems to be more of a Hilary Duff guy.Luckey cofounded Anduril Industries, the defense tech company that produces drones, surveillance systems, and autonomous weapons technology. His recently revealed Spotify account reveals a softer side, with songs like Avril Lavigne’s “Sk8er Boi” and Vanessa Carlton’s “A Thousand Miles” among his “Best Music Ever” playlist.”Like most olds, I jam to the music I grew up with,” Luckey wrote in an email to BI. “Around my…

[ad_1] When Costco said it would start opening early for executive members, bringing back a key perk, I had reason to be wary.As a dad of two toddlers, 10 a.m. is practically lunchtime, so the option to do my warehouse run an hour earlier was welcome news. But I’ve also been covering this business long enough to know that this change wouldn’t be as simple as rolling open the doors.In June, workers told me the company was making some adjustments in terms of daily scheduling and operations. They also said it wasn’t investing in additional staff hours to handle the…

[ad_1] A funny and unexpected thing has happened now that I’m a mother of teenagers and all school-aged kids: I am finding it harder, not easier, to work from home.I have five children, ranging in age from 6 to 17, and I have worked from home in some capacity since I was pregnant with my first child. I pushed through many years of burnout and even sacrificed my own health to achieve my dream of working from home because I truly believed that eventually, when my kids were older, my life would settle down, and work would get easier.Now that…

[ad_1] Can being a meme stock actually help a company, or is it just good vibes?Four years after retail investors coordinated on Reddit’s Wall Street Bets forum to save GameStop from short sellers, they’ve been piling into shares of Opendoor, Kohl’s, Wendy’s, American Eagle Outfitters, and other embattled companies in recent days.Good vibes and social-media buzz might seem like hot air, but two senior investors told Business Insider how savvy managers can turn the attention into cold, hard cash.Cashing inOpendoor has gained 239% in the past month, while Kohl’s and GoPro have jumped 58% and 127% in the past three…

[ad_1] On Saturday, I attended X Takeover, a gathering for fans of Tesla, electric vehicles, and SpaceX.The Tesla Owners Club of Silicon Valley ran the event. I’m not a member, but I drive a Tesla Model 3 Performance, and my house has a Powerwall battery that’s fed by solar panels.I love my Model 3, and I’ve been fascinated by the Cybertruck ever since the daring, divisive design came out. Given the debate over Tesla CEO Elon Musk’s political activities this year and the hit to sales, I went along to the fanfest to see how the Tesla faithful are holding…

[ad_1] The AI talent wars are burning hot, and the tech salaries being dished out for top talent are even hotter.Thanks to data from federal filings, we have a window into tech companies’ salary ranges during a heated moment in Silicon Valley’s talent wars.The data comes from filings that companies must submit to the Labor Department when hiring foreign workers through the H-1B visa program, which allows them to bring in specialized workers annually through a lottery system.Since companies rarely disclose salary data, the data offers a rare glimpse into what candidates are fetching in this job market.The numbers reflect…