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Adobe Inc (NASDAQ: ADBE) remains in focus on Monday after Jim Lebenthal – the chief equity strategist at Cerity Partners – announced a contrarian bet on the software giant. ADBE shares have been under pressure recently following surprise announcement that long-time chief executive Shantanu Narayen plans to step down after 18 years at the helm.… Continue reading Jim Lebenthal just loaded up on Adobe stock: here’s why

Shares of Intel climbed sharply Monday as a series of positive developments rekindled investor optimism around the chipmaker’s turnaround strategy. Intel stock surged about 4.4% during the trading session, supported by a mix of industry momentum, new partnerships in artificial intelligence infrastructure and renewed attention on the company’s manufacturing ambitions. The gains also came as… Continue reading Why Intel stock is surging over 4% on Monday

Shares of Chinese electric vehicle maker Nio Inc. climbed to a four-month high as Wall Street upgrades and strong financial results strengthened the company’s growth outlook. US-listed shares of Nio rose nearly 4% on Monday extending its 5 day gains to 15%. The stock gained following the release of its first quarterly profit report in… Continue reading Nio stock extends gains after Wall Street upgrades and profit surprise

Shares of Nvidia moved higher Monday as broader US equity markets rebounded and oil prices pulled back following a volatile week dominated by geopolitical tensions. Nvidia stock was up about 2% during the session. The gains came as US stocks advanced, with the Dow Jones Industrial Average rising 348 points, or 0.8%. The S&P 500… Continue reading Why Nvidia stock is up around 2% ahead of GTC

Tesla shares edged higher in early trading on Monday after CEO Elon Musk signaled that the company’s much-discussed “Terafab” semiconductor manufacturing project could launch within days. Shares of the electric-vehicle maker were up about 2.97% at $402.81. Investor interest was sparked after Musk posted on social media over the weekend that “Tesla’s Terafab Project launches… Continue reading Here’s why Tesla stock is rising today as Musk teases Terafab launch

Shares of Meta Platforms rose more than 3% on Monday after a Reuters report that the social media giant may consider cutting more than 20% of its workforce as it ramps up spending on artificial intelligence infrastructure. The company, however, dismissed the claims, saying the reports were speculative and not reflective of confirmed plans. According… Continue reading Meta rises on report of 20% layoffs: here’s how it might impact its earnings

The war in Iran and the effective closure of the Strait of Hormuz have turned a critical artery of the global oil system into a chokepoint, driving Brent crude to a high of $106 a barrel in on March 16. Goldman Sachs now expects Brent to average above 100 dollars this month and around 85… Continue reading With oil prices above $100, are EVs set to gain market share?