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Key Points To Watch Out For:
- Solar stocks fall after a premature end to tax credits.
- Amazon kicks off Prime Day with a projection of $12.9 billion.
- Meta strengthens its AI division with a vital hire from Apple.
SunRun (RUN), Enphase Energy (ENPH), First Solar (FSLR): finally down due to tax credits
Solar stocks fell in premarket trading after the White House’s decision to close tax credits for clean energy earlier than expected.
Amazon (AMZN): Prime Day kicks off with record sales forecast
Amazon kicked off its four-day Prime Day. It is predicted to earn $12.9 billion in the US, up 53% from 2023.
Meta Platforms (META): Hires AI researcher from Apple
Meta has acquired a leading artificial intelligence researcher from Apple, boosting its new “Superintelligence” division led by Zuckerberg.
Samsung Electronics (005930): Forecasts 50% drop in operating profit
Samsung has projected that its quarterly operating profit will fall over 50%, impacted by US trade restrictions and delays in AI chip sales.
In summary, financial markets are adapting with declines in solar stocks, bullishness at Amazon, key AI hires at Meta, and lower profit forecasts at Samsung, showing global volatility and opportunities.
