As one of the promising players in the AI landscape, Marvell Technology MRVL is making headlines after exceeding its Q3 expectations on Tuesday evening and announcing the acquisition of private semiconductor startup Celestial AI. Marvell also provided upbeat guidance, with MRVL spiking as much as +9% in Wednesday’s trading session and trading over $100 a share…
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 1.7 million contracts has been traded thus far today, a contract volume which is representative of approximately 165.6 million underlying shares (given that every 1 contract represents 100…
The best performing sector as of midday Wednesday is the Energy sector, up 1.9%. Within that group, APA Corp (Symbol: APA) and EQT Corp (Symbol: EQT) are two large stocks leading the way, showing a gain of 4.6% and 4.4%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR…
Key Points Pure Storage exceeded revenue and earnings guidance for Q3 2026. The stock crashed 26% despite the earnings beat because it was trading at 233 times trailing earnings yesterday. The selloff erased gains from Pure Storage’s previous earnings report, bringing the stock back to more reasonable (though still rich) valuation levels. 10 stocks we…
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro S&P 500 (Symbol: UPRO) where we have detected an approximate $237.9 million dollar inflow — that’s a 4.9% increase week over week in outstanding units (from 41,500,000 to 43,550,000). Among the largest underlying…
In recent trading, shares of Apple Inc (Symbol: AAPL) have crossed above the average analyst 12-month target price of $173.88, changing hands for $175.08/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst…
Key Points Alphabet is the parent company of Google and artificial intelligence (AI) development studio DeepMind. Alphabet designed its own data center chips for AI workloads, and it used them exclusively to develop its new Gemini 3 AI model. Alphabet could pose a serious threat to Nvidia’s dominance in the market for AI data center…
Key Points Michael Burry of “The Big Short” fame is bearish on Nvidia and Palantir. Berkshire Hathaway added Alphabet stock to its portfolio during the third quarter. Burry’s logic might make sense for a short-term trade, but Buffett’s moves could suggest AI is here to stay for the long haul. 10 stocks we like better…
Key Points Eaton provides electric and cooling solutions and is well-positioned to benefit from the rapid expansion of data centers. The company reported a record backlog, including a notable 70% increase in orders from data centers in the third quarter. It recently acquired Boyd’s thermal business, enhancing its offerings in cooling solutions. 10 stocks we…
Key Points An unverified report claims that Intel will begin manufacturing chips for Apple. If the report proves true, the chips could begin shipping as early as the middle of 2027. 10 stocks we like better than Intel › Shares of Intel (NASDAQ: INTC) gained on Tuesday, finishing the day up 8.7%. The rise came…