Wall Street Breakfast Sony rallies on semi spin-off buzz
Apr 30, 2025
Sony's stock soars amid rumors of a semiconductor spin-off, capturing investor attention. Meanwhile, Waymo and Toyota team up to explore self-driving technology for personal vehicles. In a contrasting note, Snap faces challenges as its Q1 earnings show a slip in stock. The podcast also highlights General Motors' recall of nearly 600,000 vehicles due to engine failure risks, while Starbucks hints at a brewing turnaround amidst tariff concerns.
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Sony Spurs Share Surge
- Sony's shares surged 7.1% on Tokyo Stock Exchange due to potential semiconductor unit spin-off.
- Investors see this as a structural reform to better highlight Sony's diversified strengths in electronics and entertainment.
Waymo and Toyota Partner on Autonomous Tech
- Alphabet's Waymo and Toyota plan to collaborate on autonomous vehicle technology for personal cars.
- This partnership aims to accelerate driver assistance and automated driving tech deployment.
Snap Misses Expectations Despite Revenue Growth
- Despite revenue beating expectations, Snap's unexpected net loss caused a 13% stock drop in pre-market trading.
- Daily active users rose 9% year-over-year, with growth outside North America offsetting a slight decline there.