US stocks ended higher on Thursday, with the Dow Jones Industrial Average gaining more than 900 points, as investors welcomed signs of easing tensions between the United States and Iran and returned to technology shares following a sharp selloff earlier in the week. The Dow Jones rose 929 points, or 1.84%, to close at 50,847.50.… Continue reading Dow jumps 920 points as Trump halts Iran strikes, chip stocks rally
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Micron stock jumps as AI memory boom fuels analyst price target hikes
Micron Technology MU shares moved higher on Thursday as investors returned to semiconductor stocks and analysts grew increasingly optimistic about the outlook for memory-chip demand driven by artificial intelligence. The stock gained more than 10% during the session, rebounding after a sharp pullback that had seen shares fall roughly 12% over the previous five trading… Continue reading Micron stock jumps as AI memory boom fuels analyst price target hikes
Viasat stock rises on $4B Space Force satellite program win
Viasat VSAT shares climbed on Thursday after the satellite communications company announced it had secured a prime contract from the US Space Force to build and launch satellites for the Protected Tactical SATCOM-Global program. The stock rose about 8.1% to $66.48 during the session. Viasat shares have more than doubled this year. The contract moves… Continue reading Viasat stock rises on $4B Space Force satellite program win
Why is Microsoft stock falling today?
Microsoft shares MSFT declined on Thursday after a report indicated that the company’s Xbox division is preparing significant layoffs and budget reductions, overshadowing continued optimism surrounding Microsoft’s artificial intelligence strategy. According to a Bloomberg report, Microsoft’s gaming division is expected to announce layoffs shortly after the company’s fiscal year ends on June 30. The report… Continue reading Why is Microsoft stock falling today?
Options pricing suggests Q2 earnings won’t salvage Adobe stock
Adobe (ADBE) shares are inching lower on Thursday morning ahead of the software firm’s much-anticipated Q2 earnings scheduled for release after the closing bell. Consensus is for the company to report $5.81 per share of earnings (EPS) for its recently concluded quarter on a 9.9% year-over-year increase in revenue to $6.45 billion. Heading into the… Continue reading Options pricing suggests Q2 earnings won’t salvage Adobe stock
SpaceX stock: Oppenheimer says it’s ‘undervalued’ at $135
Oppenheimer has become the first global brokerage to initiate coverage of SpaceX stock ahead of the company’s Nasdaq debut on Friday, issuing an Outperform rating and a $190 price target. Its call implied about a 41% upside that would push SPCX market cap to a whopping $2.5 trillion within the next 12 to 18 months… Continue reading SpaceX stock: Oppenheimer says it’s ‘undervalued’ at $135
Applied Materials, KLA stocks gain as AI boom lifts chip equipment outlook
Shares of semiconductor equipment makers moved higher after analysts raised expectations for the wafer fabrication equipment market, arguing that growing artificial intelligence investment continues to support long-term demand across the industry. While chip stocks have come under pressure in recent sessions, analysts say the outlook remains favorable for companies that supply the tools needed to… Continue reading Applied Materials, KLA stocks gain as AI boom lifts chip equipment outlook
Column: Wall Street’s AI-fueled surge is running into resistance
The US tech sector has had a torrid time of late. Ever since Broadcom issued some disappointing forward guidance, along with a solid, consensus-beating first-quarter result, tech stocks have been on the back foot. Then, just as investors were starting to ask if the US non-farm payroll release was still the most important monthly data… Continue reading Column: Wall Street’s AI-fueled surge is running into resistance
Nvidia, AMD, Arm stocks rally as BofA sees $170B agentic AI opportunity
Semiconductor stocks rallied on Thursday after Bank of America identified agentic AI as the next major growth catalyst for the industry, creating a potentially massive opportunity for chipmakers ranging from Nvidia and Advanced Micro Devices to Intel and Arm Holdings. The brokerage’s bullish outlook helped lift shares across the sector. AMD rose about 6%, Intel… Continue reading Nvidia, AMD, Arm stocks rally as BofA sees $170B agentic AI opportunity