Activison Revenue Jumps and Nikola Faces Shortages 🚛

Activison Revenue Jumps and Nikola Faces Shortages

Activision

Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. The company was founded in July 2008 through the merger of Activision, Inc., and Vivendi Games. Activision is most well known for their creation of Call of Duty Modern Warfare and Destiny 2

As of late, the company has been dealing with accusations of discrimination and harassment as well as the COO of the company, Daniel Alegre, leaving his position. Despite this, Activison has performed strongly in the past few days, reporting revenues of about $2.3 billion for the last quarter, beating the forecast as well as the same number for a year prior.

CEO of Activision Blizzard, Bobby Kotick, has acknowledged the strong performance but also committed to improving the company, explaining “We remain intensely focused on the well-being of our employees and we are committed to doing everything possible to ensure that our company has a welcoming, supportive and safe environment where all of our team members can thrive.”

Nikola

Nikola Corporation is an American company that presented several zero-emission vehicle concepts during 2016–2020. Nikola Motor specializes in zero-emission trucks. Nikola offers both pure electric and hydrogen electric powertrains across multiple applications. The hydrogen fuel-cell electric day cab semi-truck is one of their most unique products.

Nikola has just finished dealing with its legal problems but seems as if they still have more on their plate to deal with, this is because they are facing a shortage of computer chips that are integral to their vehicles.

The shortage is particularly problematic because Nikola has told investors they will begin delivery of 50 to 100 hydrogen-powered and electric trucks in their fourth quarter, enough sales to theoretically make 15 to 30 million dollars.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.