A Wall Street analyst on Tuesday pounded the table for AppLovin (APP) stock after its sharp pullback on Monday, calling it a “buying opportunity.” Oppenheimer analyst Martin Yang reiterated his outperform rating and price target of 480 on AppLovin stock. ↑ X NOW PLAYING Growth Leaders Slammed As China Stocks Surge; ATAT, EBay, Cava In…
AppLovin (APP) stock fell Monday after failing to get added to the S&P 500 during the index’s quarterly rebalancing. APP stock skidded nearly 15% on the news. “The biggest momentum name in the market is having its worst day in months after not being included in the S&P 500,” Daniel O’Regan, managing director of equity…
Intuit (INTU) late Thursday beat estimates for the financial software firm’s fiscal first quarter but gave an outlook that was below views for the current quarter and full year ahead. Intuit stock fell in extended trading. The Mountain View, Calif.-based company earned an adjusted $2.50 a share on sales of $3.28 billion in the quarter…
Nvidia (NVDA) stock wavered Thursday as investors considered quibbles with the AI chipmaker’s beat-and-raise earnings report. The Santa Clara, Calif.-based company late Wednesday reported better-than-expected results for its fiscal third quarter but its sales guidance for the current period was only modestly above views. Nvidia stock fell in after-hours trading following the Q3 report. ↑…
Nvidia (NVDA) stock fell Monday following a news report that the AI chipmaker is struggling with overheating issues with its next-generation Blackwell processors when installed in high-capacity server racks. The Information reported Sunday that Nvidia has had to redesign server racks several times to overcome the overheating problems. Word of the repeated design changes has…
The U.S. has ordered Taiwan Semiconductor Manufacturing (TSM) to halt shipments of advanced chips to China in the latest move to curb exports of key U.S. technologies that could have military applications. TSM stock fell on Monday. Reuters reported Saturday that the U.S. Commerce Department told Taiwan Semiconductor, better known as TSMC, to stop shipping…
Nvidia (NVDA) stock received price-target increases Monday from two Wall Street analysts who gushed about the chipmaker’s opportunity in artificial intelligence. Melius Research analyst Ben Reitzes reiterated his buy rating on Nvidia stock and raised his price target to 185 from 165. ↑ X NOW PLAYING Party Like It’s 1999? How To Play The Bullish…
Advanced Micro Devices (AMD) late Tuesday matched Wall Street’s earnings target for the third quarter on better-than-expected sales. But the chip giant’s revenue guidance for the current period was a bit light. AMD stock fell in extended trading. The Santa Clara, Calif.-based company earned an adjusted 92 cents a share on sales of $6.82 billion…
Taiwan Semiconductor Manufacturing (TSM) stock fell Monday following news reports that the company violated trade restrictions with China. TSM stock recently broke out. In morning trades on the stock market today, TSM stock sank more than 3% to 196.33. ↑ X NOW PLAYING The Chip War With China Is Heating Up. Who’s Winning? Reuters reported…
A Wall Street analyst on Friday downgraded Apple (AAPL) stock to the equivalent of a sell rating ahead of the company’s September-quarter earnings report. KeyBanc Capital Markets analyst Brandon Nispel lowered his rating on Apple stock to underweight from sector weight and set a price target of 200. ↑ X NOW PLAYING Apple Intelligence Sets…