1 week ago - benzinga.com

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

1 week ago - businesswire.com

INDIANAPOLIS--(BUSINESS WIRE)--Backstroke is announcing the launch of its generative AI messaging platform that's set to revolutionize email, SMS, mobile push, and customer marketing for B2C brands. Backed by a $2M seed round co-led by venture firms High Alpha and Ground Game Ventures, and with participation from Allos Ventures. Backstroke combines fresh technology with seasoned experience, presenting a significant opportunity in the marketing tech landscape. Backstroke leverages a vast dataset.

1 week ago - zacks.com

The Zacks Internet - Content industry participants like Shutterstock (SSTK) and Opera Limited (OPRA) are benefiting from expanding mobile, digital and cloud-based offerings amid challenging macroeconomic conditions globally.

2 weeks ago - investorplace.com

This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.

2 weeks ago - prnewswire.com

New text-to-image diffusion model enables organizations to generate high-fidelity, trusted images SAN FRANCISCO and NEW YORK , June 12, 2024 /PRNewswire/ -- Databricks , the Data and AI company, and Shutterstock, Inc. , a leading global creative platform, today announced Shutterstock ImageAI, Powered by Databricks, a text-to-image Generative AI model optimized for enterprise use. Built using the advanced capabilities of Databricks Mosaic AI and trained exclusively on Shutterstock's world-class image repository, ImageAI generates customized, high-fidelity, trusted images that are tailored to specific business needs.

3 weeks ago - investorplace.com

Although strong corporate earnings can support the market's artificial intelligence-powered surge, sentiment is not consistently optimistic across all sectors and indexes, making undiscovered stocks the way to go at a time of mixed returns. Morgan Stanley believes economic growth will stall, which might lower stock market gains, but Goldman Sachs is forecasting an S&P 500 target of 5,100 on assumptions of a dovish Federal Reserve and cooling inflation.

3 weeks ago - zacks.com

The average of price targets set by Wall Street analysts indicates a potential upside of 39.1% in Shutterstock (SSTK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

3 weeks ago - investorplace.com

Generally speaking, low-risk dividend stocks have a direct correlation with their reward profile. Stated differently, if you're looking for something with low volatility, you're likely going to extract low yields.

1 month ago - zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

1 month ago - prnewswire.com

Global production house brings innovative, immersive and virtual production to commercial storytelling for award-winning campaigns NEW YORK , May 29, 2024 /PRNewswire/ -- Shutterstock Studios , a division of Shutterstock, Inc. (NYSE: SSTK) offering end-to-end solutions for global production, including photography, video, animation, virtual production and 3D needs, announced today an impressive roster of industry award wins, taking home 15 Telly Awards, four Webby Honors and a Webby Nomination for its best-in-class work. Utilizing a variety of high-end production techniques and powerful storytelling, Shutterstock Studios secured the prestigious awards on behalf of clients across multiple industries, including Lenovo, Carhartt, Quill, and nonprofit SOMA.

1 month ago - http://feeds.benzinga.com

Rubicon Technologies, Inc. RBT shares are falling after the company reported its first-quarter financial results Monday. Here's a look at the details. The Details: Rubicon Technologies reported $163.062 million in sales for the quarter, representing a 9.96% decrease from the same period last year. The company also reported quarterly losses of 33 cents per share. “We are pleased to report our results for the first quarter, demonstrating our continued momentum through year-over-year Adjusted EBITDA improvement on our path to profitability. This performance is a testament to the dedication and hard work of our team, as well as the trust and support of our customers,” said Phil Rodoni, CEO of Rubicon. “The recent sale of the fleet technology business unit aligns with our strategic vision to lead our industry by innovating and investing in sustainable practices that meet the evolving needs of both our hauler network and customer base. We are excited to leverage this newfound financial agility to drive growth, enhance our competitive edge, and deliver exceptional value to our shareholders and customers alike.” On May 7, the company announced it had sold its fleet technology business and issued convertible preferred stock in Rubicon to Rodina Capital in a sale with a total transaction value of $94.2 million, which includes up-front cash of $61.7 million and an earnout consideration of $12.5 million that could become payable in 2024. Rubicon also issued $20.0 million of convertible preferred stock to Rodina Capital. Rubicon shares are trading lower following the print after gaining 27.4% during regular trading Monday. Related News: Palo Alto Networks Shares Drop After Q3 Results, In-Line Guidance: The Details RBT Price Action: According to Benzinga Pro, Rubicon Technologies shares are down 36% after hours at 12 cents at the time of publication Monday. Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

1 month ago - https://www.benzinga.com

: In 2021, Oracle acquired Cerner, a major EHR provider, with the intention of integrating its vast medical data into Oracle’s AI models to create the EHR of the future, reported Business Insider on Monday. However, Cerner’s EHR system, which was responsible for managing the electronic health records of a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs (VA), was found to be severely flawed. The system’s rollout at the VA, which serves 9 million veterans, was described as a “slow-moving catastrophe.” One feature of the EHR system caused over 11,000 orders for medical care to disappear into an “unknown queue,” resulting in thousands of patients not receiving the treatment their doctors had ordered. These errors were contributing factors in three deaths. Despite Ellison’s vision for a futuristic, AI-driven healthcare system, the acquisition of Cerner has become a significant liability for Oracle. The company is now racing against time to fix the dysfunctional system it inherited from Cerner before more veterans are injured or killed. : Oracle’s acquisition of Cerner was intended to revolutionize healthcare by leveraging AI to improve patient outcomes and reduce costs. However, the flawed EHR system has led to a series of patient deaths, tarnishing Oracle’s ambitious plans. Despite the setbacks, Oracle’s AI ambitions have not been entirely derailed. The company is reportedly in talks with ‘s artificial intelligence startup, xAI, for a potential $10 billion deal to rent Oracle’s AI servers. This deal, if finalized, would make xAI one of Oracle’s largest customers. The healthcare industry is increasingly turning to AI to streamline administrative tasks, optimize treatment plans, and enable more precise diagnostics. The global AI in healthcare market is expected to reach $148.4 billion by 2029, presenting a significant opportunity for AI companies like Oracle to drive innovation and transformation in the sector. Image Via Shutterstock Engineered by , Edited by The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

1 month ago - https://www.benzinga.com

In a move that is largely seen as symbolic, China has imposed sanctions on three U.S. defense contractors, including : The sanctions were announced by China’s Commerce Ministry on Monday, targeting Boeing Defense, Space & Security, General Atomics Aeronautical Systems Inc., and General Dynamics Land Systems Inc., reported Bloomberg. The companies have been added to China’s “unreliable entity” list, a punitive measure against entities that compromise national security. The sanctions could lead to trade restrictions, investment limitations, and visa constraints. These sanctions come on the same day that Taiwan inaugurated a new president, , who has vowed to maintain strong ties with the U.S., including in the military sphere. China has consistently expressed its intention to eventually bring Taiwan under its control, even if it requires the use of force. Despite the sanctions, the impact on the U.S. defense companies is expected to be minimal, as they do not conduct significant business in China. : This move by China is the latest in a series of actions that illustrate the escalating tensions between the U.S. and China. Earlier in May, the Biden administration imposed new tariffs on Chinese imports, targeting sectors such as electric vehicles, batteries, and semiconductors. This was seen as a strategic move to protect U.S. jobs ahead of the November election. China, on the other hand, has been facing its own set of challenges. In April, its major banks halted transactions related to Russia due to concerns over U.S. sanctions, forcing Chinese companies to resort to alternative channels for payments, including cryptocurrency. Boeing, one of the companies affected by the recent sanctions, has had its share of issues with China. In February, the company agreed to pay a $51 million penalty to settle a U.S. administrative charge related to unauthorized exports of technical data to countries including China and Russia, which were found to have “caused harm to U.S. national security” by the State Department. : Boeing last traded at $184.95 and is down 0.68% in pre-market trading on Monday, according to the data from Benzinga Pro. Image Via Shutterstock Engineered by , Edited by The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

1 month ago - https://www.defenseworld.net

Amalgamated Bank cut its position in shares of Shutterstock, Inc. (NYSE:SSTK – Free Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,018 shares of the business services provider’s stock after selling 777 shares during the period. Amalgamated Bank’s holdings in Shutterstock were worth $484,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds have also made changes to their positions in SSTK. LSV Asset Management raised its holdings in shares of Shutterstock by 3,416.1% in the third quarter. LSV Asset Management now owns 936,937 shares of the business services provider’s stock valued at $35,650,000 after acquiring an additional 910,290 shares in the last quarter. Trigran Investments Inc. increased its position in Shutterstock by 171.7% during the 3rd quarter. Trigran Investments Inc. now owns 1,051,458 shares of the business services provider’s stock valued at $40,008,000 after purchasing an additional 664,522 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Shutterstock by 37.3% in the 4th quarter. Copeland Capital Management LLC now owns 1,394,278 shares of the business services provider’s stock valued at $67,316,000 after purchasing an additional 378,450 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Shutterstock by 32.9% in the 3rd quarter. Wellington Management Group LLP now owns 944,543 shares of the business services provider’s stock worth $35,940,000 after purchasing an additional 234,030 shares during the period. Finally, Schroder Investment Management Group bought a new position in shares of Shutterstock during the third quarter valued at approximately $7,046,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of research firms have weighed in on SSTK. StockNews.com lowered Shutterstock from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 29th. Needham & Company LLC restated a “buy” rating and set a $65.00 price objective on shares of Shutterstock in a research note on Tuesday, May 14th. Morgan Stanley initiated coverage on Shutterstock in a research note on Thursday, February 22nd. They issued an “equal weight” rating and a $55.00 target price on the stock. Finally, Truist Financial decreased their price target on shares of Shutterstock from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.50. Read Our Latest Stock Report on SSTK Shutterstock Price Performance Shutterstock stock opened at $41.94 on Monday. The business has a fifty day moving average price of $43.68 and a 200-day moving average price of $45.50. Shutterstock, Inc. has a 1-year low of $33.80 and a 1-year high of $58.42. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 16.26 and a beta of 1.13. Shutterstock (NYSE:SSTK – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The business had revenue of $217.22 million for the quarter, compared to analyst estimates of $224.04 million. Shutterstock had a return on equity of 21.14% and a net margin of 10.71%. On average, equities research analysts anticipate that Shutterstock, Inc. will post 3.38 earnings per share for the current fiscal year. Shutterstock Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. Shutterstock’s payout ratio is currently 46.51%. Insider Activity In other Shutterstock news, insider John Caine sold 1,974 shares of Shutterstock stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $43.30, for a total transaction of $85,474.20. Following the completion of the sale, the insider now owns 7,413 shares of the company’s stock, valued at approximately $320,982.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.30% of the company’s stock. About Shutterstock (Free Report) Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage. Read More Five stocks we like better than Shutterstock With Risk Tolerance, One Size Does Not Fit All MarketBeat Week in Review – 5/13 – 5/17 Natural Gas Prices Continue To Rally, These Stocks Should Benefit Take-Two Interactive Software Offers 2nd Chance for Investors What Does a Gap Up Mean in Stocks? How to Play the Gap Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook

1 month ago - http://feeds.benzinga.com

Tesla CEO Elon Musk detailed his plans for the company’s gigafactory in Texas, including lighting up the company’s nameplate so brightly that it is visible from airliners flying above. What Happened: Musk said that the roof of the company’s gigafactory in Texas will be fully covered by solar except for the word “Tesla.” Instead, the company nameplate will be outlined in light to make it visible from airliners flying into Austin, he said. “And the roof will be fully covered by solar, except for the word ‘TESLA’, which will be gently outlined in light, so you can see it at night from airliners coming into Austin,” he posted on social media. The rear portion of the factory extension, meanwhile, will be a “super dense, water-cooled supercomputer cluster,” Musk added. The CEO was responding to aerial shots of the factory being circulated on social media platform X. Why It Matters: Tesla's Giga Texas covers 2,500 acres along the Colorado River. Presently, the factory floor is spread over only 10 million square feet, offering considerable potential for further expansion. During the company's third-quarter earnings call in October, Musk highlighted that Tesla occupies only a fraction of the available land at Giga Texas, emphasizing the ample space for scaling and research on-site. The factory is currently the manufacturing hub for Tesla’s best-selling Model Y and its newest offering, the Cybertruck. In January last year, it was reported that the company is looking to spend over $770 million on expanding its Austin-based factory, including adding new facilities. Earlier this year, Musk said that the size of the factory would be “pretty close” to the length of a Star Destroyer from “Star Wars” or approximately 1600 meters long upon completion. Check out more of Benzinga's Future Of Mobility coverage by following this link. Read More: Tesla Bull Gary Black Expects CEO Elon Musk's $56B Pay Package To Be Reinstated; ‘…Should Eliminate Any Possibility Of Elon Leaving' Photo via Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

1 month ago - http://feeds.benzinga.com

Tesla, Inc’s TSLA Full Self-Driving technology, which the electric vehicle maker promotes as FSD (Supervised), has gained a raving fan from across the Atlantic. Following a ride in a Tesla vehicle equipped with the technology in Los Angeles, former U.K. Prime Minister Boris Johnson was visibly impressed. What Happened: Johnson had a first-hand experience with Tesla’s FSD on Friday when he drove around LA streets in a self-driving car, along with his wife and 10-month-old baby, the former head of the U.K. government said in his Daily Mail column. He acknowledged that this was something unheard of or incredulous some 10 years back. “We are about to be conveyed in a new type of car, so preposterous, so audacious, so revolutionary that ten years ago I would have refused to believe that it was possible. Maybe on some test track; maybe in lab conditions – but I never expected to see it in the heavy traffic of a major urban centre,” he said. Johnson noted that the car had dozens of tiny cameras, concealed in the car’s sleek white bodywork and a neural system, which he called an “electronic brain.” Quite astonished at the “phantom” driving, Johnson said, “I am sitting at the wheel, but not touching it, and though my feet are near the pedals, I am not using them – and oh my word, the steering wheel is twiddling itself.” See Also: Best EV Stocks “Now it's indicating, giving way, floating across the traffic with all the delicacy and tact of a living chauffeur. It's so human, I gasp, so smooth.” Johnson also described how the self-driving vehicle navigated through different scenarios on the road. As they approached a “very tricky” crossroads, where five roads met, he was apparently worried about the technology malfunctioning. The Tesla representative, who traveled with the ex-prime minister, reassured the passengers. To Johnson’s delight, the vehicle turned in the intended direction. “With impeccable good manners, giving all other vehicles plenty of notice, we turn left, and I become so relaxed that I am able to take in the boldness of Tesla's plan,” he said. Johnson also contrasted Tesla with the Waymo driverless vehicles operating on LA streets. While Waymo’s cars could only navigate a small part of the city as they were programmed for those streets, Tesla’s, armed with cameras and neural networks, can go anywhere once fully licensed and approved, he said. A Tesla representative told Johnson that the vehicle was five or six times safer than a human driver. Johnson recounted an incident where a pedestrian slowly walked in front of the vehicle. “Instinctively I reach for the wheel; my toe twitches for the brake; but I need not have worried,” he said. He noted that the car had the man under observation, indicated by a “tiny human figurine that appeared on the electronic streetscape on the dashboard.” Passing the verdict on the driverless car after the 45-minute drive, Johnson said the car passed with flying colors. New Feature Coming? However, he recounted a moment of mild confusion when they parked in front of the Waldorf Astoria hotel and the car did not respond to the uniformed doorman’s waving. The Tesla representative explained that the tech doesn’t yet recognize the gesture and that it would be fixed in the next iteration, which is due to roll out next month. Boris shared his previous experience with the Tesla brand way back in 2009 with a Lotus-shaped Roadster. “It conked out on the M40, and I was left with some skepticism about the future of the brand,” he said. “Well, I am not making that mistake again. It seems outlandish now. It seems bonkers. But I have seen enough to know it's going to happen, and that sooner or later there will be a tipping point.” Why It Matters: Tesla has a lot riding on the FSD tech, given its core EV business is facing slowing demand and intense competition. Also, the technology is core to the robotaxi service the company plans to unveil on Aug. 8. To shore up profitability, which has been dented due to repeated price cuts, the company is eyeing the “razor-razor blade” strategy — undercutting competition with reduced prices for its EVs and making up for the hit by selling high-margin recurring FSD revenue. FSD is now available for outright purchase at $8,000, or a $99 monthly subscription. The company is also in negotiations to launch the tech in China. The FSD graduated from beta testing to FSD (Supervised) in late March, and the company made it available for its users across North America for a free one-month trial. The take rate, however, following the end of the free trial was subpar. Tesla ended Friday’s session up 1.50% at $177.46, according to data from Benzinga Pro. Check out more of Benzinga’s Future Of Mobility coverage by following this link. See Also: Make Tesla Great Again? Elon Musk Concurs With Steps To Transform EV Maker Into Top Global Company Image made via Shutterstock photos © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

1 month ago - http://feeds.benzinga.com

SpaceX CEO Elon Musk met with Sri Lankan President Ranil Wickremesinghe during his visit to Indonesia over the weekend, in what the President termed a “fruitful discussion.” What Happened: Wickremesinghe was on an official visit to Indonesia for the 10th World Water Forum and Musk was there to launch SpaceX’s Starlink satellite internet services in the country. The two met and had a fruitful discussion, the President said. “We had a fruitful discussion on a variety of interesting topics. Starlink's expansion could be particularly transformative for countries like Sri Lanka, providing a lifeline to essential services and information,” Wickremesinghe wrote. “It was an honor to meet,” Musk responded, while adding that it was a “good meeting.” Sri Lanka is among the many countries where Starlink is expected to “come soon,” as per SpaceX. In Southeast Asia, Starlink services are currently available in Indonesia, Malaysia, and the Philippines. Starlink is currently available in 99 countries, territories, or markets around the globe. Why It Matters: On Sunday, Musk along with Indonesian Health Minister Budi Gunadi Sadikin, introduced the Starlink service for the nation's health sector. The service was reportedly launched at three Indonesian health centers, including two in Bali and one on the remote island of Aru in Maluku. It is the billionaire entrepreneur’s first in-person visit to the country. "Bringing connectivity to remote communities radically improves access to education and economic opportunities,” Musk said about the launch. Check out more of Benzinga's Future Of Mobility coverage by following this link. Read More: Kid Rock Drives Into Live Concert In Texas On Custom Cybertruck Resembling General Lee Photo by Angga Budhiyanto on Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

1 month ago - https://www.benzinga.com

Iranian state news agency IRINN and semi-official news agency Mehr News reported that there were “no survivors” at the crash site of the helicopter carrying President . : Raisi, a former hardline judiciary chief, became Iran’s eighth president in 2021 after a historically uncompetitive presidential election. As a former prosecutor and judge, he oversaw a period of intensified repression of dissent, according to human rights monitors, according to CNN. Raisi was seen as a close ally of Iran’s Supreme Leader, , and was widely believed to be his potential successor. The helicopter crash occurred while Raisi was returning from a visit to the border with Azerbaijan. The aircraft crashed in mountainous terrain amid heavy fog, with the lives of Raisi and his foreign minister reportedly “at risk.” Earlier, Hamas expressed “great concern” following the crash of a helicopter carrying Iranian President Ebrahim Raisi and other officials on Sunday. The details of the crash remain unclear, and Hamas showed “solidarity” with the president and the Iranian people. “In this painful incident, we express our full solidarity with the Islamic Republic of Iran, its leadership, government, and people, and we ask Allah Almighty to protect and ensure the safety of the Iranian President and his accompanying delegation, and to keep all harm away from the brotherly Iranian people,” the Hamas statement reads. According to a statement from China’s Ministry of Foreign Affairs, China expressed deep concern over the “hard landing” of the helicopter carrying Iran’s President Ebrahim Raisi. "Following closely reports that the helicopter carrying the Iranian President and the foreign minister has been forced to land unexpectedly," European Council President Charles Michel said on the social media platform X. : The helicopter crash comes at a time of heightened tension in the region. Just last month, Iran’s President was in Pakistan to mend bilateral relations amid military actions that had strained the two countries’ ties. The visit was seen as a significant step towards normalizing relations, although the ultimate authority on state matters, including nuclear policy, lies with Iran's Supreme Leader Khamenei. Earlier in April, Iran’s state-aligned media reported that the nuclear facilities in Isfahan province were safe following an Israeli strike. The attack, which was confirmed by a U.S. official, was not believed to have targeted nuclear installations. Image Via Shutterstock

1 month ago - https://www.benzinga.com

: In the 1990s, Nvidia was on the brink of collapse. Its first chip was a failure, and the next one was also doomed. It was at this critical juncture that , Nvidia’s CEO, sought a $5 million lifeline from , a top Sega executive. Despite having no obligation to do so, Irimajiri provided the much-needed funds, as reported by The Wall Street Journal. “To his credit,” Huang said, “and my amazement.” It was this act of kindness that saved Nvidia, and it’s a lesson Huang has never forgotten. “You can't discount the kindness of people when you're starting your company,” he said. Irimajiri, a legendary engineer and charismatic executive, played a crucial role in Nvidia’s history. He was the driving force behind Sega’s decision to tap Nvidia to build the graphics-processing unit for the Dreamcast console. Despite initial setbacks, Irimajiri continued to believe in Huang and his vision for the company. Thanks to Irimajiri’s support, Nvidia was able to develop the breakthrough chip that saved the company. In 1999, Nvidia went public, and the rest, as they say, is history. : Nvidia’s remarkable journey from the brink of bankruptcy to a $2 trillion valuation is a testament to the power of resilience and the impact of a single act of kindness. This story also underscores the critical role that early investors and supporters play in the success of a company. Nvidia’s rise to the top has been accompanied by a surge in the stock market. The company’s record-breaking performance has been part of a global trend, with 14 of the world’s 20 largest stock markets hitting all-time highs. However, Nvidia’s position as an industry leader is facing new challenges. and Ampere Computing have launched an AI-focused server, and is introducing AI chips to compete with Nvidia’s components. These developments could impact Nvidia’s future performance and its ability to maintain its position as a market leader. Image Via Shutterstock Engineered by , Edited by The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

1 month ago - http://feeds.benzinga.com

SpaceX CEO Elon Musk has been lauded for launching Starlink’s satellite internet service in Indonesia, a move aimed at enhancing connectivity in the country’s remote areas. What Happened: On Sunday, Musk along with Indonesian Health Minister Budi Gunadi Sadikin, introduced the Starlink service for the nation’s health sector. With its vast population exceeding 270 million spread across three time zones, Indonesia stands to benefit significantly. The tech mogul shared a video of him speaking with the press at the launch on X, formerly Twitter, and said, “Bringing connectivity to remote communities radically improves access to education and economic opportunities.” Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. On social media, several users praised Musk for his efforts. One person said, “It's amazing to me how the Left can despise Elon so much when pretty much everything he's doing is what they claim to want. Electric cars to save the environment. Internet connectivity to the underprivileged. Do they hate free speech SO MUCH that it outweighs all the good?” Another user stated, “This is how you expand human consciousness. Everybody deserves a fair chance.” A third individual simply said, “Changing the world one day at a time. Thanks!” Why It Matters: Indonesia is the world’s largest archipelagic nation with over 735,000 square miles of territory. The country is made up of more than 17,000 islands. Its five main islands are Sumatra, Java, Sulawesi, parts of Borneo, and New Guinea. Musk’s visit to Indonesia was his first. The billionaire arrived on the Indonesian resort island of Bali by private jet before attending the launch ceremony at a community health center in the provincial capital, Denpasar. He was dressed in a green batik shirt. The service was launched at three Indonesian health centers, including two in Bali and one on the remote island of Aru in Maluku, reported Reuters. Starlink’s high internet speeds enable real-time data input to better address health challenges such as stunting and malnutrition. Indonesia has been trying to attract Musk’s electric vehicle company, Tesla Inc., to build manufacturing plants related to electric vehicles, as the government aims to develop its EV sector using the country’s rich nickel resources. When asked about this, Musk said, “We are focusing this event on Starlink and the benefits that connectivity brings to remote islands.” Indonesia marks the third Southeast Asian country where Starlink will be operational. Last year, Malaysia granted the firm a license to offer internet services, while in 2022, a Philippine-based company struck a deal with SpaceX. On Monday, Musk is slated to meet with Indonesian President Joko Widodo, during which he will also speak at the World Water Forum being held on the island. Photo courtesy: Shutterstock Check out more of Benzinga's Consumer Tech coverage by following this link.

1 month ago - zacks.com

The consensus price target hints at a 35.4% upside potential for Shutterstock (SSTK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

1 month ago - zacks.com

The heavy selling pressure might have exhausted for Shutterstock (SSTK) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

1 month ago - zacks.com

Shutterstock (SSTK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

1 month ago - zacks.com

Review Shutterstock's (SSTK) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

1 month ago - seekingalpha.com

Shutterstock, Inc. (NYSE:SSTK ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Chris Suh - VP, IR & Corporate Development Paul Hennessy - CEO Jarrod Yahes - CFO Conference Call Participants Bernie McTernan - Needham Agnieszka Pustula - Redburn Nitin Bansal - Bank of America Kieran Kenny - Morgan Stanley Operator Thank you for standing by. My name is Alex, and I will be your conference operator today.