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39 points
Walmart CFO talks Q4 earnings lifted by holiday sales, ads

Walmart (WMT) stock reaches a record high intraday on Tuesday after the retailer reported better-than-expected fourth-quarter earnings results. E-commerce sales jumped 23% year-over-year, beating estimates on both revenue and earnings year-over-year. Walmart CFO John David Rainey joins Yahoo Finance Live to discuss the drivers behind the strong performance. Rainey says holiday spending fueled sales, with "the two biggest sales days" occurring right before Christmas. Over the quarter, Walmart "gained share in almost every category," showing customers are increasingly shopping at Walmart as the company enhances how it serves them. Another headline for the big-box chain is its plans to acquire TV manufacturer Vizio (VZIO) for $2.3 billion, after Walmart's "fast-growing, high margin" advertising business grew by 33% in the past quarter. Rainey explains the deal will allow Walmart to "connect and serve customers in different ways" by leveraging data to improve experiences. While consumers show discretion around bigger purchases, Rainey says Walmart's "omnichannel retail model" with robust in-store and online distribution "is really resonating with customers" as they shop more frequently. As inflation persists, Walmart wants to provide value through lower prices, working with suppliers, and fine-tuning its own personal brands. However, Rainey notes "it's hard to generalize" where price pressures occur across categories. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith


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36 points
Why AI is more impactful on stocks than inflation data

As the Magnificent Seven holds about 30% of the value of the S&P 500 (^GSPC), much of the stock market's gaze is turned towards upcoming earnings from tech giant Nvidia (NVDA). However, recently released inflation data is raising questions about when the Federal Reserve will be able to begin to cut interest rates, even those top performing stocks haven't been able to escape the market volatility. Baird Managing Director and Market Strategist Michael Antonelli joins Yahoo Finance to discuss why he believes that despite stronger-than-expected inflation data, it won't have much as an impact as it used to, now that AI dominates the conversation on Wall Street. Antonelli affirms his stance: "There's a reason why the stock market is not really all that dominated by CPI, PPI, inflation prints. It's because of AI. AI has essentially sucked all of the oxygen out of the room. That theme, the kind of catalyst of AI, is just absolutely on everybody's mind. So, whether it's Nvidia or Arista (ANET), there's a whole bunch of companies in there. Whether it's Facebook (META), Amazon (AMZN) or Google (GOOG,GOOGL), everybody's looking towards this AI theme to try to find the little nuggets of information. So, yes, Nvidia is important, but so are these other companies that are also a component of this big AI theme and that's what markets do every now and then, they get obsessed over something. So, we're ignoring inflation just because of the AI thing." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino


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