Wix.com ( WIX ), the Israeli website-building giant, saw its stock soar nearly 14% on Wednesday following the release of its robust Q3 2024 earnings report.  The company’s shares, which peaked above $200 for the first time since 2021, showcased investor confidence driven by its standout performance. For the quarter, Wix posted a 13% year-over-year revenue increase to $444.7 million, slightly above Wall Street estimates. Non-GAAP earnings per share (EPS) surged 36% to $1.50, outpacing projections. The standout figure, however, was the company’s free cash flow, which leaped by a remarkable 185% year-over-year to $127.8 million. This strong financial showing prompted Wix to raise its full-year guidance. Revenue growth is now forecasted at 14% to 15%, up from 13% to 14%, while free cash flow margins are expected to hit 27% to 28%, up from prior estimates of 26% to 27%. The company’s ability to hit these targets a year ahead of schedule reflects not just operational efficiency but also its

Target ( TGT ) delivered a dismal third-quarter earnings report, missing Wall Street expectations by a wide margin. The retailer’s earnings per share came in at $1.85, far below the forecasted $2.30, while revenue of $25.7 billion narrowly missed estimates. The company slashed its full-year earnings guidance to a range of $8.30 to $8.90 per share, down from $9 to $9.70. Target stock plummeted 21% following the announcement, marking its sharpest single-day drop since May 2022. CEO Brian Cornell cited strained consumer budgets and weaker demand for discretionary items such as home goods and apparel. The company’s preemptive inventory buildup ahead of potential East Coast port strikes added unanticipated supply chain costs, further squeezing margins. Gross profit margins fell to 27.2% from 27.4% a year earlier, missing expectations of 28.7%. Despite some gains in foot traffic (up 2.4%) and digital sales (up 10.8%), comparable sales increased by a modest 0.3%, falling short of the projecte

Microsoft ( MSFT ) is solidifying its position as a leader in artificial intelligence with an expanded partnership with enterprise AI software provider C3.ai ( AI ).  Under the agreement, Microsoft Azure will become the preferred cloud platform for C3.ai’s offerings, while C3.ai will be designated as a preferred AI application provider on Azure. Announced at Microsoft’s Ignite conference, the partnership aims to accelerate AI adoption across enterprise sectors, offering solutions in supply chain optimization, predictive maintenance, and energy management. This move bolsters Microsoft’s AI ambitions as it integrates C3.ai's applications into its Commercial Cloud Portal, aligning them with Azure’s expanding capabilities. Microsoft continues to enhance its AI ecosystem, recently unveiling autonomous AI agents within its Copilot Studio platform. These tools, designed to improve workplace efficiency through automation and decision-making, highlight the company’s push to embed AI across

Netflix ( NFLX ) faced turbulence after its first major foray into live sports broadcasting stumbled over technical glitches. The much-anticipated boxing match between YouTuber-turned-boxer Jake Paul and heavyweight legend Mike Tyson drew 60 million households but was plagued by buffering and streaming disruptions. Complaints flooded social media, with #netflixcrash trending as frustrated viewers voiced their dissatisfaction. The technical issues have raised questions about Netflix’s readiness to handle live events, especially with the NFL Christmas Day doubleheader just weeks away. Despite the rocky performance, investors remained optimistic. Netflix shares initially dipped but rebounded 2.2% to close near record highs at $842.23 on Monday, reflecting confidence in the company’s ability to capitalize on live programming. Live Events: A Double-Edged Sword Live sports represent Netflix’s latest strategy to differentiate itself in an increasingly competitive streaming market. The company

Tesla's stock ( TSLA ) is surging, driven by reports that the incoming Trump administration plans to prioritize federal policies supporting fully self-driving (FSD) vehicles. Shares of the electric vehicle (EV) pioneer have climbed an impressive 28% since the November 6 presidential election, buoyed by Elon Musk's close alignment with President-elect Donald Trump. Investors are betting that Musk's support for Trump's candidacy could now translate into regulatory tailwinds for Tesla's autonomous ambitions. According to Bloomberg, the Trump transition team is crafting a "federal framework" for FSD, potentially fast-tracking Tesla's much-anticipated Cybercab robotaxi, now targeting volume production by 2026. This potential regulatory boost has put Tesla in the spotlight while rival ride-sharing companies Uber ( UBER ) and Lyft ( LYFT ) face significant market losses amid the shift in focus toward autonomous vehicles. Cathie Wood's Optimistic Vision Pr

TSS Inc. ( TSSI ) has emerged as a compelling AI data center player following its recent Nasdaq uplisting. Formerly traded over-the-counter, the small-cap company experienced a meteoric rise, with its stock soaring from $0.27 at the start of 2024 to $11.98 as of last Thursday. The move has drawn comparisons to Super Micro Computer ( SMCI ), a recent favorite among AI investors now facing potential delisting. TSS specializes in systems integration, configuring and supplying equipment for data centers. Its close ties to Dell Technologies ( DELL )—which accounted for 96% of TSS's revenue in 2023—position it squarely within Dell’s rapidly growing server segment. Dell's server revenue rose 38% last quarter, in stark contrast to its shrinking PC business. This symbiotic relationship has fueled TSS’s dramatic growth, as reflected in its third-quarter revenue of $70.1 million, up 689% year-over-year. Impressive Growth, But At What Cost? Despite its revenue surge, TSS faces challenges.

Applied Materials Inc. ( AMAT ), the largest U.S. supplier of chip-manufacturing equipment, experienced its sharpest stock drop in nearly a month, falling 8.5% after issuing a disappointing revenue forecast. The company’s fiscal fourth-quarter results beat expectations, but cautious guidance for the first quarter raised concerns about demand from semiconductor customers. For the quarter ending October 27, Applied Materials reported revenue of $7.05 billion, a 5% increase year-over-year and ahead of Wall Street’s $6.97 billion projection. Adjusted earnings per share reached $2.32, surpassing estimates of $2.19. Despite these positive figures, the company’s forecast for fiscal Q1—$7.15 billion, give or take $400 million—fell short of the $7.23 billion consensus, signaling potential challenges ahead. China's Impact on Growth Applied Materials has faced growing headwinds from U.S.-China trade tensions and export restrictions. The company has been scaling back its operations in China to