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Indie Semiconductor stock

Indie Semiconductors gains momentum after upgrades from Wallstreet

Indie Semiconductors (NASDAQ:INDI) has been trading sideways since the completion of its proposed merger with SPAC company Thunder Bridge Acquisition II (NASDAQ:THBR). Investors initially rallied behind the SPAC pairing, with the stock reaching heights of $14.94 pre-merger. However, with the SPAC market losing momentum INDI stock has continued to trade on par with its PIPE …

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VIH Stock has gained 17% over the past week – here’s why

VPC Impact Acquisition Holdings (NYSE:VIH) is a Special Purpose Acquisition Company planning to take cryptocurrency exchange platform Bakkt public via a reverse merger. The merger was first announced in January this year and boasted an enterprise value of $2.1 Billion. The merger was expected to close out in the second quarter, however this has been delayed …

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Virgin Orbit merger

Here’s 3 things to take away from the Virgin Orbit merger news

The rumoured SPAC merger between NextGen Acquisition II (NASDAQ:NGCA) and Richard Bransons Virgin Orbit has come to fruition in a $3.2 Billion deal. Virgin Orbit announced this morning that they have entered into a definitive agreement to become a publicly traded company through a business combination with NextGen Acquisition Corp. II (NASDAQ: NGCA). The proposed merger …

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Nvidia stock

Nvidia Q2 earnings: Here’s 3 key points for investors to take away

Nvidia (NASDAQ:NVDA) released their second quarterly earnings today, which did not disappoint. In the second quarter, Nvidia posted record revenue of $6.51 billion which was a 68% improvement year-on-year. The company saw revenue growth across the board, with the Gaming and Data Center markets also breaking quarterly records. Nvidia has surpassed Wallstreet’s expectations, gaining 61.70% …

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Paysafe Q2 earnings: Here’s 3 things investors should know

Paysafe (NYSE:PSFE) released their second quarterly earnings this morning, reporting strong revenue growth which beat analyst expectations. The company recorded revenue of $384.3 million which grew 13% year-on-year. In the earnings presentation, Paysafe highlighted “exciting wins” across the iGaming and specialized digital commerce segment as they look to capitalize on the expanding North America market. PaySafe …

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What SoFi’s Q2 earnings miss means for investors

Social Finance (NASDAQ:SOFI) released their second quarter earnings at market close, reporting an EPS miss of $0.42. Despite the earnings miss, the company beat revenue expectations reporting a record $237.2 Million in adjusted revenue. The adjusted revenue beat indicates a YOY improvement of 74%. So where did the company fall short? SoFi’s net loss widens …

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Palantir Q2 earnings

Here’s 3 things to take away from Palantir’s Q2 earnings

Big data firm Palantir (NASDAQ:PLTR) released their second quarter earnings report this morning, which surpassed Wallstreet expectations. The company beat revenue expectations by 6.8%, with 20 additional customers added in Q2. Palantir stock has remained extremely popular amongst retail and institutional investors over the past year. PLTR stock has gained 135% since its debut on …

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NIO news

Here’s what you need to know about NIO’s July delivery news

Today NIO Inc. (NYSE:NIO) provided a delivery update for the month of July, recording 7,931 vehicle deliveries for the month. This equates to a YOY growth of 124.5% and just falls short of the companies record month in June delivering 8,083 vehicles. Notably, the company saw a 13.8% spike in deliveries for the ES8 month-on-month …

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Goldman Sachs upgrades Tesla stock with $875 price target

Tesla’s (NASDAQ:TSLA) strong bull run has been subdued in recent months as the company struggles to build on its 2020 momentum. Nevertheless, the company’s Q2 earnings results flexed Tesla’s strong quarterly performance with over 200,000 deliveries. Tesla also reported $10.2 Billion in automotive revenues, far exceeding its EV competition. As a result of the earnings, …

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Paypal stock target

PayPal stock (NASDAQ:PYPL) upgraded by Barclays with a $343 target

Paypal (NASDAQ:PYPL) stock has been upgraded by Barclays analyst Ramsey El-Assal with a $343 price target. The upgrade suggests an upside of 14.27% from the current trading price. The analyst is expecting a “modest upside” to Q2 estimates. Furthermore, the analyst noted although indicators show e-commerce growth has declined, the industry “remained healthy” in Q2. …

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