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Elon Musk Just Turned X Into Wall Street's Newest Rival -- And It's Just the Beginning

X, the platform formerly known as Twitter, is inching closer to becoming a full-blown fintech ecosystem. CEO Linda Yaccarino told the Financial Times that users will soon be able to invest or trade directly on the apppart of Elon Musk's grander vision to turn X into a U.S. version of China's WeChat. That includes everything from peer-to-peer payments via X Money to digital tipping and possibly even credit or debit cards, which could arrive as early as this year. The rollout will begin in the U.S., with Visa onboard as a launch partner, before expanding to other markets. The move comes as X tries to climb out of its post-acquisition slump. Since Musk's $44 billion takeover, advertising revenue has dropped sharply, and the platform has battled both reputational damage and advertiser boycotts. Yaccarino says 96% of pre-acquisition advertisers have returned and expects revenue to rebound to 2022 levels super soon. But not everyone's convinced. Some advertisers remain wary, citing concerns over brand safety, content toxicity, and reports of pressure to spend or face legal action. Research firm Emarketer sees X's 2025 revenue reaching $2.3 billion, up from $1.9 billion last yearbut still far below the $4.1 billion it generated when Musk first took the reins. There's also a tech twist. In March, Musk folded X into his AI startup xAI in a $45 billion deal. Yaccarino believes this will double the engineering horsepower behind the platform and help deliver smarter, real-time ad targeting around trending content. While X may face serious regulatory friction as it pushes into payments and investing, the potential upside is significant. If it works, X could carve out a unique lane that blends trading, tipping, and transacting in one appterritory even Tesla (NASDAQ:TSLA) hasn't touched. This article first appeared on GuruFocus.

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13 minutes ago

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This Self-Driving Car Stock Is Heating Up as Tesla Puts the Spotlight on Robotaxis. Should You Buy It Here?

Innoviz (INVZ) shares have been in focus in recent sessions as Tesla's (TSLA) upcoming launch of robotaxi services in Austin keeps investors particularly interested in self-driving car stocks. However, the company that specializes in LiDAR sensors is not riding on speculation only. In fact, Innoviz has just landed two major agreements that could boost its capabilities as well as the stock price. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! On Wednesday, Innoviz stock is up some 20% on the back of a deal with Cogniteam and another with a renowned global automaker. Innoviz has signed a 'Statement of Development Work' with a top-5 global automaker to supply its InnovizTwo LiDAR system for a Level 3 autonomous driving vehicle slated for production in 2027. INVZ will soon begin delivering hundreds of tailored sensors and software modules, positioning the company as a Tier-1 partner. This agreement accelerates the Nasdaq-listed firm's move into the mass-market automotive space and opens the door to large-scale production deals. For Innoviz stock, this means three significant benefits: near-term revenue from early deliveries, long-term upside tied to a production contract, and validation from a blue-chip OEM. As CEO Omer Keilaf said in a recent press release, working with 'one of the most respected automotive manufacturers' boosts INVZ's credibility and market positioning. Innoviz's collaboration with Cogniteam, announced this morning, integrates the latter's AIoT analytics into InnovizSMART Long-Range LiDAR. The outcome? A plug-and-play solution that finds far-reaching applications within the safety and security niche. This deal helps diversify INVZ's revenue streams beyond automotive manufacturing. It taps into the fast-growing security and surveillance market – which typically offers higher margins and quicker sales cycles. In short, the Cogniteam partnership underscores Innoviz's ability to leverage the same LiDAR tech in versatile, value-added applications – enhancing its competitive moat. Despite an explosive rally over the past two months, Wall Street analysts continue to see significant further upside in Innoviz stock. According to Barchart, the consensus rating on INVZ shares remain at 'Strong Buy' with the mean target of $2.41 indicating potential upside of roughly 80% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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18 minutes ago

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PPIH Stock Soars 46% as Q1 Earnings Rise Y/Y on Solid MENA Growth

Shares of Perma-Pipe International Holdings, Inc. PPIH have surged 45.5% since the company released its earnings for the quarter ended April 30, 2025. This robust advance notably outpaced the S&P 500 index, which declined by 1% during the same period. Over the past month, PPIH's momentum accelerated further with a 63.8% gain, while the S&P 500 posted a modest 1% increase. Perma-Pipe posted earnings per share of 61 cents in the first quarter of fiscal 2025, which rose from 18 cents in the prior-year quarter on the back of both volume growth and enhanced project execution. (See the Zacks Earnings Calendar to stay ahead of market-making news.) The company's net sales of $46.7 million marked a 36.2% jump from $34.3 million in the same quarter last year. Net income attributable to common stock soared to $5 million from $1.4 million, marking a 243% year-over-year increase. Gross profit improved to $16.7 million, representing 36% of net sales, up from $10.5 million or 31% of sales in the year-ago period. Income from operations more than doubled to $7.9 million, reinforcing the company's improved operational leverage. Perma-Pipe International Holdings, Inc. price-consensus-eps-surprise-chart | Perma-Pipe International Holdings, Inc. Quote The performance was buoyed by increased sales volumes in both the Middle East and North America, suggesting diversified demand across key operating geographies. Management highlighted that the Americas and the MENA region delivered comparable results, contributing significantly to the overall performance uptick. The combination of higher sales volumes and improved product mix led to better margins, helping gross profit expand by $6.2 million. General and administrative costs rose $1.6 million to $7.7 million, driven by higher payroll and professional fees. Selling expenses remained steady year over year. Meanwhile, net interest expense and other non-operating costs were essentially flat compared to the prior-year quarter. President and CEO Saleh Sagr characterized the quarter as 'unprecedented,' noting that both net sales and net income attributable to common stock reached their highest levels for a first quarter since the company's rebranding in 2017. Sagr emphasized that first-quarter net income already represents approximately 55% of the company's total earnings for fiscal 2024, hinting at strong momentum heading into the remaining quarters of fiscal 2025. He also expressed confidence in the company's competitive positioning and strategy, particularly in its ability to participate in development initiatives in the MENA region and to expand its market share in North America. Perma-Pipe's improved financial results were primarily driven by increased project volumes and effective execution strategies. The higher margin performance is credited to a more favorable product mix and enhanced project management practices. These operational improvements are especially noteworthy given the inflationary and geopolitical uncertainties affecting global infrastructure markets. Management commentary suggested a bullish outlook for the remainder of fiscal 2025, citing a strong sales pipeline and sustained market activity across regions. The company's ability to maintain robust backlog levels is expected to support this growth trajectory. Backlog as of April 30, 2025, stood at $131.1 million, more than double the $63.1 million reported at the same point last year, despite a sequential dip from $138.1 million at the end of January 2025. This year-over-year growth of 108% in backlog signals a robust demand environment and underpins management's optimism about near-term business prospects. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Perma-Pipe International Holdings, Inc. (PPIH): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research