Paul Ausick is a Senior Editor for 24/7 Wall St., specializing in financial news and analysis. With a focus on the stock market, Paul covers a wide range of topics including earnings reports, stock predictions, IPOs, and industry trends. His articles provide insights and analysis to help investors make informed decisions in the ever-changing world of finance.
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Tesla CEO Elon Musk delivered a handful of the company's Cybertrucks to the vehicles new owners. The only surprise was the price.
Well after U.S. markets closed Thursday, Tesla Inc. (NASDAQ: TSLA) delivered the first handful of its long-awaited Cybertrucks to customers.
By: Paul Ausick
Electric vehicle maker Rivian Automotive ( NASDAQ: RIVN ) began trading in the public markets on November 10, 2021. The company raised $12 billion in cash, selling 153 million shares for a valuation of $66.5 billion. Shares reached an all-time high just seven days after the IPO at nearly $180.
Sunday’s announcement that Alaska Air Group Inc. ( NYSE: ALK ) has agreed to purchase Hawaiian Holdings Inc. ( NASDAQ: HA ) had a couple of quite different effects. First, Alaska Air offered to purchase Hawaiian Air at a premium of 270%. The stock, which closed Friday at $4.86, traded up about 178% in Monday’s premarket at around $13.50.
By: Drew Angerer Getty, Paul Ausick
Shanghai-based EV maker Nio Inc. ( NYSE: NIO ) raised $1 billion in its September 2018 IPO, selling 160 million American Depositary Receipts (ADRs) at $6.26 per ADR. The company initially expected to raise $2 to $3 billion at a valuation sharply higher than the $6.4 billion it settled for.
The AI Alliance sprung up Tuesday morning. The alliance's goals appear to favor the laggards, not the leaders in AI.
Chipmaker AMD is launching its latest AI chip on Wednesday, and the company is expected to outline its AI plans going forward.
AMD's launch party for its latest AI processors included appearances by several special guests all aligned behind the new chips.
By: Justin Sullivan Getty, Paul Ausick
In February 2021, special-purpose acquisition company (SPAC) Churchill Capital announced a reverse merger with luxury EV maker Lucid Motors. Churchill had gone public at $10 a share in September 2020 and the stock price reached an all-time high of nearly $65 just a few days before the Lucid announcement. It’s been mostly downhill ever since.
The integration of VMware got a lot of attention in Broadcom's fourth-quarter earnings release, despite having no impact on the results.
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