Shares of Eli Lilly LLY climbed about 4% on Monday after the drugmaker unveiled encouraging new clinical data for its next-generation obesity treatment, retatrutide. This has reinforced investor confidence in the company’s long-term position in the rapidly expanding weight-loss market. The latest results were presented at the American Diabetes Association’s annual Scientific Sessions in New… Continue reading Eli Lilly stock rises as Retatrutide data boosts obesity drug lead
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Why investors should sell ABAT stock on a 35% DOE driven rally today
American Battery Technology (ABAT) shares are ripping higher on Jun. 8 after the company won its formal appeal with the US Department of Energy (DOE) to fully reinstate its previously canceled $115 million grant. This five-year federal grant is a direct lifeline for ABAT’s ambitious Tonopah Flats Lithium Project in Nevada. The contract will fund… Continue reading Why investors should sell ABAT stock on a 35% DOE driven rally today
Here’s why the Marvell Technology stock may plunge despite S&P 500 news
Marvell Technology’s stock price surged on June 8, rebounding sharply from last week’s brutal sell-off. The rally came after the company was announced as one of the upcoming additions to the S&P 500 Index. However, despite today’s gains, there is a risk that MRVL stock could be on the verge of another pullback in the… Continue reading Here’s why the Marvell Technology stock may plunge despite S&P 500 news
Intel stock rallies on reports of foundry wins from Google and Nvidia
Intel (INTC) shares are pushing higher on Monday after The Information said Google and Nvidia are turning to the semiconductor firm as a vital manufacturing backup to TSMC. INTC now looks headed to challenge is 20-day moving average (MA), with a decisive break above $115 expected to accelerate bullish momentum in the near-term. Intel stock… Continue reading Intel stock rallies on reports of foundry wins from Google and Nvidia
Cerebras jumps 17% as Wall Street backs the Nvidia challenger’s AI strategy
Shares of Cerebras Systems CBRS surged more than 17% on Monday after a wave of Wall Street firms initiated coverage of the AI chipmaker. Analysts largely endorse the company’s unconventional approach to artificial intelligence computing and highlight its potential to challenge established industry players. The stock gained after at least nine brokerages, including IPO underwriters… Continue reading Cerebras jumps 17% as Wall Street backs the Nvidia challenger’s AI strategy
Cheap Adobe stock has formed a risky pattern: will it crash after earnings?
Adobe (NASDAQ: ADBE) stock price remains on edge this week as investors wait for the upcoming quarterly results, which will provide more insights on its business amid the ongoing artificial intelligence disruption. ADBE dropped to $248, down slightly from last month’s high of $274. This article explores what to expect as the company prepares to… Continue reading Cheap Adobe stock has formed a risky pattern: will it crash after earnings?
Corning rallies after Amazon taps fiber-optics maker for AI data center expansion
Shares of Corning GLW climbed sharply by 8% on Monday after Amazon unveiled a multibillion-dollar agreement with the advanced glass and fiber-optics manufacturer. The deal will see Corning supply critical networking infrastructure for the technology giant’s expanding US data center footprint. The long-term partnership will see Corning provide optical fiber, cable, and connectivity solutions that… Continue reading Corning rallies after Amazon taps fiber-optics maker for AI data center expansion
Nvidia chief calls $1.3T chip selloff a buying opportunity: should investors listen?
US semiconductor stocks began recovering on Monday after suffering a brutal selloff on Friday that wiped roughly $1.3 trillion from the sector’s value, as investors debated whether the decline marked a healthy correction or the start of a deeper downturn for one of Wall Street’s strongest trades. The sharp decline was triggered by a combination… Continue reading Nvidia chief calls $1.3T chip selloff a buying opportunity: should investors listen?
Dow rises 250 points as chip stocks rebound and Middle East fears ease
US stocks opened higher on Monday as semiconductor shares rebounded from last week’s steep selloff, while investors also found some relief in signs that tensions in the Middle East may be easing. The Dow Jones Industrial Average index opened 252 points higher. The S&P 500 rose about 0.94% while the Nasdaq Composite gained roughly 1.34%.… Continue reading Dow rises 250 points as chip stocks rebound and Middle East fears ease