Nvidia delivers record revenue but stock falls on AI growth concerns
Shares of Nvidia (NVDA) fell in extended trading on Wednesday after the artificial intelligence chipmaker issued a quarterly revenue forecast that, while above Wall Street expectations, failed to fully satisfy investors accustomed to the company significantly outperforming estimates. Nvidia reported record
Why is Analog Devices stock falling despite strong earnings and AI deal?
Shares of Analog Devices (ADI) fell sharply on Wednesday despite the semiconductor company reporting stronger-than-expected fiscal second-quarter results and announcing a $1.5 billion acquisition aimed at expanding its artificial-intelligence power management business. The stock dropped more than 4% during the session
Reddit stock: 3 reasons why it’s slipping today
Reddit Inc (RDDT) is facing intense selling pressure on Wednesday as investor actively recalibrate their exposure to high-multiple technology assets. Following today’s pullback, RDDT sits decisively below its major moving averages (MAs) – with an RSI in the early 40s indicating
Why is Hasbro stock the worst S&P 500 performer today despite earnings beat?
Shares of Hasbro fell sharply on Wednesday even after the toy and gaming company reported stronger-than-expected first-quarter earnings and revenue, as investors focused on the company’s decision to maintain rather than raise its full-year outlook. Hasbro stock dropped roughly 8.32% to
Why is AMC stock surging 12% today?
AMC Entertainment Holdings shares surged 17% on Wednesday after Chief Executive Officer and Chairman Adam Aron disclosed a substantial open-market purchase of the company’s stock, signaling renewed confidence in the theater chain’s outlook. According to a Form 4 filing with the
OpenAIi lines up confidential IPO filing as race for AI listings accelerates
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Why Tesla stock is up around 2% today
Shares of Tesla (TSLA) staged a sharp rebound on Wednesday, rising roughly 2% and surging well above the psychologically important $400 level after several sessions of selling pressure. The recovery followed a difficult stretch in which Tesla shares had fallen sharply. The
Bernstein explains why it isn’t too late to invest in Arm stock
Investors are cheering Arm Holdings (ARM) on Wednesday after a senior Bernstein analyst, David Dai, issued a bullish note in favour of the British chip designer. Dai initiated coverage on Arm this morning with an “outperform” rating and an aggressive $300