💻 Microsoft's $4.8 Billion Bet on Italy: AI & Cloud Expansion
The articles and information in this newsletter are a summary of yesterday’s trading and related news. They are presented for informational purposes only. Nothing in the newsletter should be taken as investment or trading advice.
S&P 5005, 709.54+0.79 (+0.01%)
Dow Jones 42,196.52+39.55 (+0.09%)
NASDAQ 17,925.12+14.76 (+0.08%)
Market close: October 2, 2024
Breaking News
Microsoft's $4.8 Billion Bet on Italy: AI & Cloud Expansion 💻
he company is investing $4.8 billion to build one of its largest AI and cloud data regions in Italy, aiming to train over 1 million Italians in digital skills by 2025. This marks the company's biggest push into the country, solidifying Italy's role as a Mediterranean tech hub. WSJ reports.
Image source: Photo by Salvatore De Lellis - Pexels
EdgeUp
🔋 TesLift: Tesla posts first sales gain of the year but shares fall as competition heats up. CNN Business reports.
📉 NikeDrop: Nike shares drop as investors fret over murky turnaround timeline. Reuters reports.
🔧 GMInvestorday: GM seeks to ease shareholders' nerves at investor day. Reuters reports.
🚚 StellDown: Stellantis U.S. auto sales extend free fall in third quarter. CNBC reports.
🚗 FordStruggles: Ford reports weak US sales for third quarter. Yahoo Finance reports.
🔬 LillyLab: Eli Lilly to build $4.5 billion research and manufacturing center to propel drug pipeline. CNBC reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time) Benzinga reports.
1. $PEGY: PEGY PineappleEnergy
Total gain: 51.78%
2. $MLGO: MicroAlgo
Total gain: 33.87%
3. $WHLR: Wheeler Real Estate IT
Total gain: 26.58%
4. $CDT: Conduit Pharmaceuticals
Total gain: 26.31%
5. $ELAB: Elevai Labs
Total gain: 20.42%
Tech Thursday
‘Comfortable, fun, familiar’: Why Microsoft is trying to turn its AI chatbot into a digital friend
Artificial intelligence chatbots have been billed as productivity tools for consumers — they can help you plan a trip, for example, or give advice on writing a confrontational email to your landlord. But they often sound stilted or oddly stubborn or just downright weird. And despite the proliferation of chatbots and other AI tools, many people still struggle to trust them and haven’t necessarily wanted to use them on a daily basis. Now, Microsoft is trying to fix that, by focusing on its chatbot’s “personality” and how it makes users feel, not just what it can do for them.
Refer a Friend & Earn Together
Did you know that it pays to invite your friends to TradeZero?
When they fund a new account with us, you'll both receive $100 USD. T&Cs apply.
Recommended by LinkedIn
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on October 2.
(All pricing and percent gains are based on regular market trading hours from 9:30 am to 4:00 pm Eastern Time)
1. $WHLR: Wheeler Real Estate IT
Total gain: +97.03%
The stock appeared to be moving on no notable news.
2. $API: Agora
Total gain: +81.09%
The stock appeared to be moving on no notable news.
3. $TOP: TOP Financial Group
Total gain: +64.15%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
STZ Constellation Brands
2Q 2025
Before Market Open Estimate: 4.080
Actual: N/A
PEV Phoenix Motor
1Q 2024
After Market Close Estimate: N/A
Actual: N/A
ANGO AngioDynamics
1Q 2025
Before Market Open Estimate: -0.150
Actual: -0.110
Today’s Key Economic Dates
Time (ET) / Report / Period
8:30 am Initial jobless claims - September 28
9:45 am S&P final U.S. services PMI - September
10:00 am ISM services - September
👍 Enjoying the DailyEdge?
Recommend our 5-minute daily digest to a friend by sharing this link.
Extra-Time
Visit Our Knowledge Corner
Parting Thoughts
"The market’s volatility is a friend to the disciplined investor, offering opportunities where others see only risk.” ― Howard Marks
Sourced in: "The Most Important Thing: Uncommon Sense for the Thoughtful Investor", by Howard Marks, published in 2011
The DailyEdge (“Newsletter”) is provided by TradeZero Holding Corp. and its affiliated broker dealers, TradeZero America, Inc., a United States broker dealer, registered with the SEC and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas; and TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF) (collectively, the “TradeZero Broker Dealers”). The Newsletter may summarize information and articles with respect to securities investing and trading that may be of interest to TradeZero customers and the public generally. Any views and opinions expressed or third-party information provided in the Newsletter are those of the author and do not reflect the views of TradeZero or its employees. TradeZero believes that the content of the Newsletter is accurate, however, TradeZero does not warrant its accuracy and assumes no responsibility for any errors or omissions. TradeZero provides the Newsletter for information and education purposes only. The Newsletter is not a research report and is not intended to serve as the basis for any investment or trading decision. The Newsletter does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference. There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors and traders only as the amount one may lose can be greater than an initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses. Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risk of Standardized Options, also known as the options disclosure document (ODD) before deciding to engage in options trading. If you have any specific questions about TradeZero’s brokerage services, please reach out to the TradeZero Broker Dealer in your jurisdiction.