Iron Mountain stock price soared to a record high on Thursday after the company published a strong financial report. It rose to $125.26, up by 78% from its lowest level in April, pushing its market capitalization to over $36 billion. This rally may continue in the foreseeable future as demand continues rising. Iron Mountain’s business… Continue reading Iron Mountain stock just hit a crucial resistance after earnings: is it a good buy?
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AI rally powers Wall Street higher in April while Europe loses momentum
April proved to be an extraordinary month for stock market gains. But not everywhere. After a storming bounce-back following the selloff in March triggered by the US/Iran war, European and UK stock indices soon lost upside momentum. Despite the indefinite ceasefire, investors rowed back as the Strait of Hormuz remained effectively closed and controlled by… Continue reading AI rally powers Wall Street higher in April while Europe loses momentum
Why AMD, AVGO are outperforming Nvidia after Big Tech earnings
As the dust settles from a high-stakes week of “Magnificent Seven” earnings, a subtle shift is occurring under the hood of the semiconductor sector. While Nvidia remains the undisputed monarch of the AI era, its stock faced a rare moment of cooling as investors digested a gargantuan spending outlook from Microsoft, Alphabet, Meta, and Amazon.… Continue reading Why AMD, AVGO are outperforming Nvidia after Big Tech earnings
Uber announcement sends Hertz stock to three-month high
Hertz (NASDAQ: HTZ) is ripping higher on Thursday morning after announcing an expanded multi-year agreement with Uber Technologies (NASDAQ: UBER). The core this deal involves HTZ’s subsidiary, Oro Mobility, becoming a primary fleet management partner for UBER’s autonomous robotaxi program. Following today’s rally, Hertz stock is up a remarkable 80% versus its year-to-date low. Does… Continue reading Uber announcement sends Hertz stock to three-month high
Qualcomm stock jumps 18% as data center push sparks fresh optimism
Shares of Qualcomm surged on Thursday as investors looked past a modest earnings beat and focused instead on the company’s growing ambitions in data center chips and signs of a potential recovery in the smartphone market. The stock jumped more than 18%, as optimism around diversification efforts helped offset concerns about near-term headwinds in its… Continue reading Qualcomm stock jumps 18% as data center push sparks fresh optimism
Plug Power stock analysis: here’s why it may soar 42% this year
Plug Power stock retreated by over 10% on Thursday, erasing the gains made on Wednesday. It crashed to the important support level at $3 as investors started to book profits. Still, it remains much higher than the year-to-date low of $1.72. Focus turns to Plug Power earnings Plug Power stock jumped sharply on Wednesday as… Continue reading Plug Power stock analysis: here’s why it may soar 42% this year
Microsoft stock slips 5% after earnings, but analysts are hiking targets
Shares of Microsoft fell sharply on Thursday, dropping around 5% to $402.37 in early trading, as investors reacted to the company’s elevated capital spending outlook despite strong cloud growth and an earnings beat. The decline came even as broader markets showed mixed performance. The S&P 500 edged up 0.1%, while the Nasdaq Composite slipped 0.3%.… Continue reading Microsoft stock slips 5% after earnings, but analysts are hiking targets
Alphabet hits 52-week high as AI, cloud growth fuel stock surge
Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending… Continue reading Alphabet hits 52-week high as AI, cloud growth fuel stock surge
ExxonMobil earnings may miss again as Hormuz conflict hits revenue
ExxonMobil, the world’s largest publicly traded energy giant, is set to release its fiscal first-quarter 2026 earnings report before the US market opens on May 1. These will be the company’s first full quarterly results since the outbreak of the Hormuz conflict, with investors keenly watching the impact on its bottom line. ExxonMobil’s revenue is… Continue reading ExxonMobil earnings may miss again as Hormuz conflict hits revenue