Why Life360 Stock Is Plunging Lower This Week
Shares of leading “family connection and social safety app” Life360 (LIF +2.03%) are down 18% this week as of Friday at noon ET after the company reported second-quarter earnings on Monday. While Life360 beat analysts’ Q2 expectations, shares plummeted regardless after management didn’t raise full-year guidance.
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Read MoreIf a Stock Market Correction Is Coming, This 1 Move Could Make or Break Your Portfolio
One fund launch a day – Mutual Funds go for the kill with NFOs
The pace has accelerated from roughly one new scheme every four days in June to nearly one a day in July and August.
The increase has been particularly visible in passive equity products.
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Read MoreUS consumers sour on economy as inflation concerns remain in focus, UMich survey says
US consumers grew more gloomy about the economy in August as sentiment declined amid the war, higher bond yields, and geopolitical uncertainty, according to a preliminary consumer sentiment reading from the University of Michigan.
UMich’s Index of Consumer Sentiment fell to 51 from July’s 55.2 reading, coming in markedly below economists’
Read MoreTech stocks today: Shares slide Friday, but close out the week higher
Tech stocks slid on Friday, but closed out the week higher after strong results from AI infrastructure companies on Tuesday.
Shares of AI infrastructure companies CoreWeave (CRWV) and Supermicro (SMCI) soared on Wednesday after posting earnings results that appeared to confirm that the AI buildout is going strong for now.
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Read MoreThe Burst
Is Oracle a Buy on the Dip?
Shares surged after the company revealed a massive agreement reportedly worth up to $300 billion to supply computing capacity to OpenAI. But the excitement didn’t last.
Over the past three months, Oracle stock has fallen by over a third, forcing investors to ask a hard question, did the market overreact on the way up,
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Read MoreThe Ivy
Is Meta Having its iPhone Moment?
Meta’s recent launch of AR glasses with an integrated display and built-in AI assistant looked modest on the surface. In reality, it marked the point where experimentation turned into execution.
Meta has been investing in smart glasses for more than seven years, giving it a meaningful head start. That lead is already visible in the data.
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Read MoreThe Spotlight
AMD Is Positioning Itself for the Next Leg of AI Spending
For much of the AI boom, Advanced Micro Devices has played the role of the talented understudy, high potential, often overlooked, and inevitably compared to Nvidia’s runaway success.
Over two years, AMD’s stock has surged more than 3x, yet Nvidia has soared over 12x. The gap speaks less to AMD’s capabilities and more to how dramatically AI data center spending favored Nvidia early on.
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