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Broadcom Earnings, Jobs Report: What to Watch This Week
The Wall Street Journal64d agoneutral
Broadcom Earnings, Jobs Report: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Review Preview: Summer Loving
Barrons.com64d agoneutral
Review Preview: Summer Loving

The Dow Jones Industrial Average added 0.1% while the S&P 500 was up 0.3% and the Nasdaq Composite gained 0.4%. The tail end of a robust first-quarter earnings season, ongoing artificial intelligence strength, and inflation figures roughly in line with expectations were enough to push equities higher today—familiar trends that have helped push the Nasdaq to its best two-month stretch in decades.

Palo Alto Networks (PANW) Completes Acquisition of AI Gateway Provider Portkey
Insider Monkey65d agoneutral
Palo Alto Networks (PANW) Completes Acquisition of AI Gateway Provider Portkey

Palo Alto Networks Inc. (NASDAQ:PANW) is one of the best future tech stocks to buy according to billionaires. On May 29, Palo Alto Networks officially closed its acquisition of Portkey, a leader in AI Gateway technology. The move is designed to enhance the capabilities of the Prisma AIRS security platform, providing a centralized control plane […]

Jobs Report, Broadcom Earnings: What to Watch This Week
The Wall Street Journal65d agoneutral
Jobs Report, Broadcom Earnings: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

SentinelOne provides tepid quarterly forecast, to cut 8% jobs
Reuters68d agoneutral
SentinelOne provides tepid quarterly forecast, to cut 8% jobs

Cybersecurity company SentinelOne forecast second-quarter revenue below analysts' expectations on Thursday and said it would cut ‌about 8% of its workforce as it looks to invest ‌in growth areas such as AI, data and cloud. • SentinelOne faces intense competition from larger rivals such as CrowdStrike and Palo Alto Networks, as well as from Microsoft, which is bundling security ‌features into its products. • ⁠Even as ransomware and nation-state threats boost cybersecurity demand, some corporate clients are tightening their budgets, scrutinizing ⁠deals and extending sales cycles.

Morgan Stanley resets PANW stock price target on demand trends
TheStreet74d agoneutral
Morgan Stanley resets PANW stock price target on demand trends

Palo Alto Networks (PANW) just picked up another vote of confidence from Wall Street, and it arrived at a busy moment for the stock. Shares closed at $247.55 on May 18, near a fresh all-time high reached days earlier. For a stock that fell roughly 20% over the prior year, that swing matters to ...