Tesla's robotaxi program, despite CEO Elon Musk's positive framing, faces challenges including flat mileage, shrinking vehicle numbers, and ongoing safety questions. Analysts express concern over slow growth and potential regulatory hurdles, contrasting with Tesla's camera-only autonomy claims.
Tesla has launched unsupervised Model Y robotaxi trials in Orlando and Tampa, Florida, expanding its nascent service just before its second-quarter earnings call. This follows a Miami launch and previous announcements for Dallas and Houston, as the company takes a slower approach than CEO Elon Musk's earlier promises.
FedEx Freight, following its spin-off from FedEx Corporation, reported better-than-expected Q4 2026 results with $2.4B revenue and $363M adjusted operating income. Management aims for 4-6% annual revenue growth and 10-12% operating income growth, targeting 15% margins by enhancing customer mix, efficiency, and technology amidst an inflecting freight cycle.
Micron's chief business officer acknowledged the growing capabilities and market share of Chinese chipmakers CXMT and YMTC, noting their output is primarily sold domestically. This validation comes as AI infrastructure spending reshapes the memory chip market, with Micron reporting record results and a strong outlook.
Indian companies face intense investor scrutiny over forex strategy as the rupee depreciates ~10% against the dollar. Exporters benefit, but importers face rising costs, prompting stronger hedging. "Rupee depreciation" and "hedging" mentions surged on earnings calls.
Prediction market platforms like Kalshi and Polymarket are experiencing significant growth and increased valuations despite ongoing legal battles with the CFTC and several states over regulatory jurisdiction. Companies are investing for the long term, anticipating continued expansion.
China is investing heavily in training humanoid robots for employment, aiming to dominate global markets. A Beijing center trains robots for tasks like sorting, housekeeping, and metal repair, with a focus on skills for dangerous or repetitive jobs.
No wonder they are upset by the slogan ‘tax the rich’. Despite their wealth increasing 81% since 2020, they need our emotional support now more than everWon’t anyone think of the poor, poor, billionaires? Their endless money can buy them political power, but it can’t buy them love. Instead of being worshipped by the hoi polloi, titans of industry are denounced! Despised! Disrespected! Insert another D-word of your own!Thankfully, class solidarity is strong among the super-rich. Steve Roth bravely brought attention to the plight of his fellow billionaires during a recent earnings call. “I consider the phrase ‘tax the rich’ … spit out with anger and contempt by politicians … to be just as hateful as some disgusting racial slurs,” the Vornado Realty Trust CEO said. Continue reading...
Saylor’s latest post suggests Strategy may resume buying after executives said the firm could sell BTC to fund dividends or offset taxes.
Strategy's average cost per Bitcoin is about $75,537, and its BTC investment is up about 7.6% at the time of this writing, according to data from the company.
On Strategy's May 5 earnings call, Strategy CEO Phong Le said plainly that “we will sell Bitcoin when it is advantageous to the company,” with Saylor adding that Strategy would “probably sell some Bitcoin to fund a dividend just to inoculate the market.” Strategy held 818,334 BTC as of May 3, up 22% year-to-date, with […] The post Bitcoin treasury companies said they’d never sell – the bear market changed that fast appeared first on CryptoSlate.
On Strategy's May 5 earnings call, Strategy CEO Phong Le said plainly that “we will sell Bitcoin when it is advantageous to the company,” with Saylor adding that Strategy would “probably sell some Bitcoin to fund a dividend just to inoculate the market.” Strategy held 818,334 BTC as of May 3, up 22% year-to-date, with […] The post The “never sell” Bitcoin treasury trade is seriously starting to crack appeared first on CryptoSlate.
Apple shares jumped over 3% Friday after the tech giant reported better-than-expected Q2 results and issued Q3 revenue guidance of 14-17% growth, far exceeding analyst projections of 9.5%. CEO Tim Cook, stepping down in September after 15 years, highlighted record demand for the iPhone 17 lineup and strong response to the new MacBook Neo. Revenue rose 17% to $111.18B, with services revenue up 16% to $30.98B and gross margin reaching 49.3%.
Apple shares jumped over 4% on Thursday, headed for the sharpest rally since August, after the iPhone maker reported better-than-expected quarterly results with revenue of $111.18 billion (up 17% year-over-year) and issued guidance for the fiscal third quarter projecting 14-17% growth, far exceeding analysts' 9.5% estimate. CEO Tim Cook, announcing his departure in September after 15 years, highlighted strong demand for the iPhone 17 lineup and the newly released MacBook Neo. Services revenue rose 16% to $30.98 billion, while gross margin reached 49.3%.
Apple's first earnings call since announcing CEO Tim Cook's departure in September will take place on Thursday. Bettors on prediction market Kalshi give 98% odds the company will mention China and 96% odds it will discuss tariffs, while Google's AI model Gemini has a 27% chance of being mentioned.
Samsung predicts the severe memory shortage driving up prices for phones and gaming handhelds will worsen through 2027, with supply falling far short of customer demand. The world's biggest RAM manufacturer warns the supply-to-demand gap will widen further next year, following earlier reports that the industry may not catch up until 2030. Complications could arise if Samsung fails to reach agreement with its labor union planning an 18-day strike starting May 21st.
Samsung Electronics and SK Hynix, South Korea’s two memory chip giants, are warning of a prolonged and severe global supply crunch, weeks after the two companies disclosed increased investments in their China wafer fabs to meet surging artificial intelligence demand. During Samsung’s first-quarter earnings call on Thursday, the company said its order fulfilment rate had plunged to a “record low”. In a rare move, customers worried about shortages were already pre-booking memory capacity for 2027,...
Options traders are betting the Magnificent 7 tech stocks will rebound this week as Apple, Alphabet, Amazon, Meta, and Microsoft report earnings. The S&P 500 is up 2.4% year-to-date while the Mag-7 has been flat. Calls are trading more expensive than puts in all five reporting names, with Alphabet options implying an unusually large 5.25% move despite the stock averaging only 1% swings in recent quarters.
Customers Bank CEO Sam Sidhu used an AI clone to deliver prepared remarks during a Q1 earnings call, calling it a potential first for a public company. The bank announced a multiyear partnership with OpenAI, where AI engineers will embed at the $25.9 billion asset lender to automate lending, deposits and payments. Sidhu targets improving the efficiency ratio from 49 to the low 40s, cutting commercial loan closing from 30-45 days to about seven days.
Intel CEO Lip-Bu Tan says CPUs are making a comeback in the AI era, with the chip regaining importance as the indispensable foundation for AI workloads. The company beat first-quarter earnings estimates, with data centre revenue rising 22% to US$5.1 billion. Intel shares surged about 20% in after-hours trading, marking a rebound after lagging in the early AI boom. The shift is driven by increasing AI agentic capabilities that are fueling CPU demand, moving away from the earlier "more GPUs, more compute" narrative.
Lockheed Martin CEO Jim Taiclet called the Trump administration a 'golden opportunity' for the defense contractor during Q1 2026 earnings, citing increased government resources and willingness to change contracting practices. The company secured $6.6B in Pentagon contracts this month, including $4.7B for Pac-3 missile interceptors and $1.9B for C-130J training systems, as the US escalates military involvement in the Middle East conflict with Iran.
Tesla executives acknowledged that Hardware 3 computers cannot achieve unsupervised Full Self-Driving due to having only one-eighth the memory bandwidth of Hardware 4. The company plans to offer discounted trade-ins for cars with AI4 hardware and computer upgrades, though camera replacement is also required. Microfactories will be established in major metropolitan areas to efficiently handle conversions, with the long-term goal of converting all Hardware 3 vehicles to enable robotaxi fleet entry.
