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Hims & Hers Health shares (HIMS) surged 9% on Wednesday after Canaccord Genuity raised its price target on the telehealth company, citing improving sales trends, momentum in its weight-loss business, and growing optimism around its peptide opportunity. Canaccord analyst Maria Ripps maintained a Buy rating on the stock while increasing her price target to $40… Continue reading Hims & Hers stock jumps as Canaccord lifts target price ahead of FDA review

The race for semiconductor supremacy has taken an unexpected turn. High-profile names are now increasingly backing Intel (INTC) over its arch-rival Advanced Micro Devices (AMD). Veteran investor Paul Pelosi – former House Speaker Nancy Pelosi’s spouse – recently revealed a multi-million-dollar position in INTC through long-dated call options. And former hedge fund manager Jim Cramer… Continue reading Why Paul Pelosi, Jim Cramer prefer Intel stock over AMD

Small-cap stocks began the new trading month and quarter on a strong footing, with the Russell 2000 climbing to a fresh all-time high on Wednesday as investors continued rotating beyond the market’s biggest technology companies. The index was up 0.65% on Wednesday, hitting a fresh high of 3046.59. The benchmark small-cap index has delivered a… Continue reading Russell 2000 hits fresh high, but here’s why the rally may soon lose steam

Michael Burry has taken a bearish position against Caterpillar, arguing that the construction equipment maker has become one of the most overvalued beneficiaries of the artificial intelligence investment boom. Burry disclosed on Tuesday that he shorted Caterpillar shares at $1,060.98 as part of a broader set of bearish positions that also includes Nvidia, Applied Materials,… Continue reading Caterpillar stock falls 4% as Michael Burry shorts stock after AI rally

Nebius Group (NBIS) stock is under immense pressure this morning mostly because of aggressive new competitive threat from its biggest customer – Meta Platforms (META). As investors bailed on NBIS, the artificial intelligence (AI) infrastructure firm sunk below its 20-day moving average (MA), indicating bearish momentum could sustain in the near-term. Despite today’s decline, however,… Continue reading Nebius stock is crashing, and it has its biggest customer to blame

Micron Technology MU shares fell more than 8% on Wednesday as a broad selloff in semiconductor stocks gathered pace, with investors locking in profits after a record first half for the sector. At the same time, a fresh class-action lawsuit targeting major memory chipmakers added to the pressure. The decline was part of a wider… Continue reading Why are Micron, SanDisk, and other semiconductor stocks falling today?

Meta Platforms shares META surged in trading on Wednesday following a report that the company is developing a cloud infrastructure business that would sell artificial intelligence computing power and AI models to external customers. The proposed business would allow Meta to generate revenue from excess AI computing capacity, potentially creating a new source of income… Continue reading Meta stock jumps on report of AI cloud business expansion plans

SpaceX stock (SPCX) fell sharply on Wednesday as investors continued to navigate volatile post-IPO trading. Shares of Elon Musk’s space and artificial intelligence company dropped more than 6% to $159.95 in early trading. The decline came amid broader weakness in technology and semiconductor stocks. The Nasdaq Composite fell 0.4%, while the S&P 500 slipped 0.1%.… Continue reading SpaceX stock sinks over 6% today, but analyst remains strongly bullish

Nvidia stock (NVDA) edged lower on Wednesday as investors appeared to take profits across semiconductor stocks following a record-breaking first half for the sector. Shares of Nvidia fell 2.15% to $195.79 in early trading. The decline came after the stock gained 2.6% on Tuesday and reclaimed the $200 level for the first time in several… Continue reading Why Nvidia stock is slipping over 2% today