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Tag Archives: Technology

Zoom (ZM) Stock Lost 7.48% Yesterday as Company Is Sued Due to Privacy and Security Flaws

Zoom Video Communications (ZM) stock price lost $9.19 approximately 7.48% on April 8. The fall is being attributed to the class-action lawsuit. Zoom is being sued for not disclosing privacy security flaws.Since the outbreak of coronavirus, many people got to adapt to working remotely. Zoom Video Communications Inc (NASDAQ: ZM) and its stock price have been on the rise. However, the rally did not have much of the fuel as the bulls seem to be already exhausted. It all began around March 20,...

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Boeing (BA) Stock Rose 19% on Monday, Up 4.5% Today amidst Coronavirus Factories Lockdown

Boeing (BA) stock price increased by 19% on Monday despite the fact that the company will pause operations at its facilities in South Carolina starting on Wednesday.Boeing Co (NYSE: BA) stock on Monday experienced a 19.47% rise as it contributed 16 points (10%) of the Dow Jones Industrial Average’s 1,627 point gain. The surge has made the stock become a reference point in its history as in 2020 alone Boeing stock has surged more than it had in the past 39 years.The firm’s share is now used as...

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Samsung Q1 Profit Prediction Beats Market Estimate amid Coronavirus Pandemic

Despite serious market problems that stem from the coronavirus outbreak, Samsung predicts a good profit from its first-quarter figures.Because of the coronavirus pandemic, many companies have significantly cut down their expectations for the first quarter of 2020. The pandemic and the resultant lockdown of many cities in many parts of the world, has affected the regular flow of business. This means that these companies cannot perform at their optimum level if they were doing so before....

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Alphabet (GOOGL) Stock Gained Over 8% Yesterday, It Is a Bargain Now but Until When?

Alphabet (GOOGL) stock gained 8.28% on Monday. Today it is 3.12% up in the pre-market. Does its current trading price show the actual value of its? Or is the stock undervalued now?When it comes to Alphabet Inc (NASDAQ: GOOGL) stock, it’s hard to always win or lose. The stock has been pretty volatile in the last few weeks, especially after the global outburst of the coronavirus pandemic.The company’s stock saw significant share price movement during recent months on Nasdaq, rising to highs of...

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Tesla (TSLA) Stock Jumps Over 5% as Jefferies Upgraded It to Buy

Tesla (TSLA) caught an upgrade Monday morning that sent its stock up over 5%. Even though some analysts see opportunity in the stock, many questions remain about how the COVID-19 crisis will affect electric-vehicle demand.Tesla Inc (NASDAQ: TSLA) jumped on Monday more than 5% at the opening after Jefferies raised its grade to buy. One of the reasons for upgrade was definitely the fact that Tesla is a clear leader in the electric-vehicle sector. Jefferies analyst Philippe Houchois explained...

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Facebook (FB) Stock Rose by 3.74% in Pre-market, Company Goes Head-to-head with Zoom

Facebook (FB) stock price was rising today in the pre-market. The company now wants to become a serious rival for Zoom.Facebook Inc (NASDAQ: FB) stock price has risen by 3.74% in the pre-market today. This comes as the social media giant is reportedly seeking to compete with Zoom Video Communications (NASDAQ: ZM). Facebook had a Windows app for its chat program in 2011. This was however discarded. Mark Zuckerberg revealed in his Facebook post:“We’re all looking for more ways to be together...

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Could Quantum Computing Be Used to Crack Cryptocurrency?

The theory goes that quantum computing could be used to crack out cryptocurrency wallets. Is this true?What could quantum computing do to web services? Currently, there are supercomputers already in existence. They are so smart that they can find your Bitcoins by brute-forcing the seed phrases. The computers are so smart now that they can distinguish between two persons entering the same login and password on a login page, serving different e-mail inboxes. This is not a matter of what...

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TSLA Stock Jumps 5.62%, Tesla Dismisses Contract Workers from U.S. Plants

Tesla has begun to retrench its contract workers in the U.S. But not all news from Tesla can be viewed as negative. TSLA stock is in the green while stocks of many other companies are down.Even as Tesla Inc (NASDAQ: TSLA) stock continues to soar, the electric car manufacturer has begun retrenching contractors at its U.S. car and battery plants. Reportedly, the firm is cutting down the number of contractors from its workforce in its factory across many states alongside where they make battery...

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TSLA Stock Gains Over 8% as Tesla Reports Best Q1 Deliveries Despite Coronavirus Outbreak

Tesla reported much better Q1 deliveries than Wall Street could expect due to the risks associated with coronavirus. TSLA stock is up.Electric carmaker Tesla Inc (NASDAQ: TSLA) said on Thursday that they had the best first-quarter performance ever with 103,000 vehicles produced and 88,400 vehicles delivered. This number of deliveries revealed by Tesla was a surprise for many investors. The company also said that its Shanghai factory continued to achieve record levels of production, despite...

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AAPL Stock Down 0.58% in Pre-Market as Apple Is Launching Its New Budget iPhone SE

Apple is set to introduce its newest budget iPhone SE. However, today in the pre-market, AAPL stock wasn’t rising as it could have been expected.Apple Inc (NASDAQ: AAPL) stock price is down by about 0.58% in the pre-market today. The stock of the technology giant has faced increased pressure in recent times due to the COVID-19 situation. The closing prices are positive. The closing prices closed by 1.67% to $244.93.So, it could be a battle between the bulls and the bears. Sources say the...

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