Seaport Research analyst Jay Goldberg argued that Nvidia is one of the leading beneficiaries of the current AI spending boom, but its prospects are "well understood and largely priced into the stock."
Humana’s insurance segment benefit ratio came in at 87.4% in the quarter, in line with its estimate of approximately 87.5%, reflecting medical cost trends that aligned with its expectations.
Amazon finds itself in a catch-22 position, where it has to either absorb higher costs from tariffs, which will hurt margins, or hike prices on its platform and risk losing market share.
Amazon clarified that although it considered displaying import charges on items sold through its site for ultra-discount items, the plan “was never approved and not going to happen.”
Argus said rising avocado, chicken, and pepper prices, growing competition among restaurants, and higher wage and store location costs were headwinds for the taco and burrito chain.
Domino's has been selling on Uber Eats, but the exclusivity of that partnership will end in May. Domino's has indicated it will work with multiple food delivery players.
HSBC noted that while the market has assumed a significant market share for Eli Lilly, these expectations may be revised in light of potential economic sensitivity to the adoption curve for weight loss drugs.
The $150 billion investment will include more than $30 billion in research and development to advance and continue IBM's American manufacturing of mainframe and quantum computers.
For the full year, Revvity raised its revenue guidance to a range of $2.83 billion to $2.87 billion to reflect recent changes in foreign currency exchange rates.
