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Subrat Patnaik

Subrat Patnaik

Reporter at Bloomberg

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Location
United Kingdom
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    Covering topics
    • Finance & Banking Services
    • Technology

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    Recent Articles

    bloomberg.com

    Alphabet’s AI Chips, Gemini Model Position It to Rival Nvidia

    Alphabet Inc. shares are poised to shake up the ranking of the world’s most valuable companies, amid signs the search giant is making headway in efforts to rival Nvidia Corp.’s bestselling AI accelerator.
    bloomberg.com

    Microsoft and Amazon Are Downgraded as Redburn Breaks Ranks With Peers

    The bull case for generative artificial intelligence is no longer clear and hyperscalers should be approached with caution, according to an analyst who downgraded two of Wall Street’s most-favored tech giants.
    bloomberg.com

    Burry Discloses Puts on Nvidia and Palantir After Bubble Warning

    Michael Burry’s Scion Asset Management disclosed bearish wagers on Nvidia Corp. and Palantir Technologies Inc. just days after the hedge fund manager posted a cryptic warning to retail investors about market exuberance.
    bloomberg.com

    Travel Software Firm Navan Plummets 20% After $923 Million IPO

    Navan Inc. shares slumped 12% after the business travel and expense management software maker and some of its shareholders raised $923.1 million in an initial public offering.
    bloomberg.com

    Travel Software Firm Navan, Holders Raise $923 Million in IPO

    Navan Inc., a business travel and expense management software maker, and some of its shareholders raised $923.1 million in a US initial public offering priced in the middle of the marketed range.
    bloomberg.com

    Apple Becomes Third Stock in History to Top $4 Trillion in Value

    Apple Inc. shares rose as much 0.4% to hit $4 trillion in market value, making the iPhone maker only the third public company in history to reach the milestone.
    bloomberg.com

    Why Meme-Stock Mania Keeps Happening

    A meme-stock craze took hold on Wall Street once again in mid-October, as shares of Beyond Meat Inc. surged more than 1,300% over a four-day period. The sudden rally echoed frenzies that originated during the Covid pandemic and have periodically set off unusually large jumps in beaten-down stocks championed by social media influencers.
    bloomberg.com

    Beyond Meat Whiplashes Traders as Stock Falls After 1,300% Jump

    Beyond Meat Inc. shares jumped as much as 73% soon after the opening bell, boosting its four-day rally to over 1,100%, in an echo of the meme-stock frenzies that have periodically set off unusually large jumps in beaten-down stocks championed by day traders.
    bloomberg.com

    US Bank Stocks Rout Deepens as Investors Brace for Earnings

    US bank stocks stabilized Friday as a new set of earnings from regional lenders was solid, helping ease concerns over credit quality that sparked a sharp selloff.
    bloomberg.com

    Travel Software Firm Navan, Holders Seek $960 Million in US IPO

    Navan Inc., a business travel and expense management software maker, and some of its shareholders are seeking to raise as much as $960 million in an initial public offering, moving forward with a listing despite the US government shutdown.
    bloomberg.com

    Travel Software Firm Navan Files for IPO Showing Rising Losses

    Navan Inc. a business travel and expense management software maker, filed publicly for a US initial public offering.
    bloomberg.com

    Citymapper App Owner Via Falls 4.3% After $492.9 Million IPO

    Via Transportation Inc. shares increased 7.6% above their initial public offering price after the public transportation software maker and some of its backers raised $492.9 million.
    bloomberg.com

    That Crypto Treasury Frenzy Is Already Running Out of Steam

    Investors are questioning the whole premise of buying a stock for its crypto holdings.
    bloomberg.com

    US Stock Futures Steady as Investors Weigh Tariff Court Verdict

    US index futures were little changed on Monday as investors weighed the impact of federal appeals court ruling that deemed most of President Donald Trump’s global tariffs as illegal.
    bloomberg.com

    Microsoft Hits $4 Trillion Market Cap After Earnings Beat

    Microsoft Corp. has become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations, sending the stock soaring Thursday.
    bloomberg.com

    GoPro, Krispy Kreme Surge as Markets Abuzz About Meme Stocks

    The meme-stock revival stretched into another day, even as an early-morning surge in shares of GoPro Inc., Krispy Kreme Inc. and Beyond Meat Inc. subsided by the close.
    bloomberg.com

    Netflix Is at Risk of Earnings Letdown After $250 Billion Rally

    With Netflix Inc. shares trading near their highest valuations going back to 2022, there’s a lot riding on the streaming giant’s upcoming earnings report and its outlook for the months ahead.
    bloomberg.com

    Trump Plans Order to Enable Critical Metals Stockpiling: FT

    US President Donald Trump’s administration is planning an executive order to allow the stockpiling of critical metals from the Pacific seabed, according to the Financial Times.
    bloomberg.com

    Trump Media Rallies as Republican Closes In on Election Victory

    Shares in Donald Trump’s media company surged after the Republican was elected the 47th president of the United States and investors touted the stock across social media platforms.
    bloomberg.com

    Netflix’s 340% Rally Seen Sputtering With Sales Growth Past Peak

    After a breakneck rally that added more than $230 billion in value, Wall Street is indicating that peak Netflix Inc. may have arrived.
    bloomberg.com

    NYCB Shares Rise as Barclays Says ‘Heavy Lifting’ Is Complete

    New York Community Bancorp’s recovery from a tumultuous year is far from over, but months of work spent trying to transform the lender may finally be paying off.