Sunday, November 17, 2024

Company News for Oct 14, 2024

Must read

  • Tesla Inc.’s (TSLA) shares plunged 8.8% after the release of the EV giant unveil of robotaxi failed to enthuse market participants regarding its production ramp up and regulatory hurdles.

  • Shares of Stellantis N.V. (STLA) tanked 2.2% after the company plans to exercise a major reshuffle in its management including removing the CFO.

  • The Boeing Co.’s (BA) shares advanced 3% after the company plans to retrench 10% or 17,000 of its workforce in order to reduce loss due to workers’ strike. 

  • Shares of Super Micro Computer Inc. (SMCI) gained 2.9% after the company said that it recently shipped more than 100,000 GPUs with direct liquid cooling solutions for a few very large data centers built to power AI applications.

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