Stargate UAE, a next-gen AI infrastructure cluster, will be built by G42 and operated by OpenAI and Oracle, with support from Cisco, SoftBank, and Nvidia.
Growth is oxygen.
But when it evaporates, the consequences can be extreme - ask anyone who bought Cisco in the Dot-Com Bubble (Nvidia?) or newer investors who lived through the 2020 to 2022 COVID cycle.
Stargate UAE is Open AI’s first international AI hub, partnering with global tech firms and the U.A.E. to expand AI infrastructure and provide nationwide ChatGPT Plus access.
Video conferencing platform Zoom (NASDAQ:ZM) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 2.9% year on year to $1.17 billion. Guidance for next quarter’s revenue was better than expected at $1.20 billion at the midpoint, 0.6% above analysts’ estimates. Its non-GAAP profit of $1.43 per share was 9.5% above analysts’ consensus estimates.
Strong earnings lifted shares of these three stocks. Wall Street took account of the impressive results. New price targets indicate significant room to run.
"Too big to fail" is how we would describe the megacap stocks in this article today.
While they will likely stand the test of time, it’s not all sunshine and rainbows as their scale can limit their ability to find new sources of growth.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
Trump admin criticizes Europe's digital regulations, forges deal with UAE for Nvidia chips, Schumer warns of China's benefit, Black bullish on Tesla and Uber, Uber partners with Turo, Black shares thoughts on Pony AI, Tesla touts FSD ahead of Robotaxi launch, CATL to raise $4B, Cisco beats earnings and revenue.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Friday as we examine the latest happenings in today's session.
US markets mixed on 5/15, Cisco up on AI demand, UnitedHealth down on fraud probe, Amazon & Walmart slip on tariffs. Optimism for trade deals, soft data & uncertain forecasts.
Growth is oxygen.
But when it evaporates, the consequences can be extreme - ask anyone who bought Cisco in the Dot-Com Bubble (Nvidia?) or newer investors who lived through the 2020 to 2022 COVID cycle.
CEO Gary Dickerson said the company is well positioned at major technology inflections in fast-growing market areas, which supports its multi-year growth trajectory.
