Investors are bailing on Datavault AI (DVLT) this morning mostly because the company’s outsized 443% year-over-year increase in Q1 revenue came in sharply below the Street estimates. DVLT ended its first financial quarter with $3.4 million in revenue, but analysts had called for a much higher $20 million. Meanwhile, at $0.09 per share, the adjusted… Continue reading Datavault stock: why market may be misreading the Q1 earnings
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Cisco stock outperforms broader market: why this analyst thinks it can go higher
Shares of Cisco Systems (CSCO) rose Friday, outperforming the broader market, after HSBC upgraded the networking giant and sharply increased its price target following the company’s stronger-than-expected fiscal third-quarter earnings report. Cisco shares gained about 2% during the session, even as the broader market weakened, with the S&P 500 falling roughly 0.79%. The move added… Continue reading Cisco stock outperforms broader market: why this analyst thinks it can go higher
Tesla stock plunges 4% after Musk’s China visit: here’s why
Shares of Tesla (TSLA) dropped roughly 4% on Friday after high expectations surrounding US-China talks failed to deliver a major breakthrough for the company’s autonomous driving ambitions. The stock fell to around $428.72 in early trading, interrupting a strong recent run that had seen Tesla rise for three consecutive weeks. Coming into Friday’s session, Tesla… Continue reading Tesla stock plunges 4% after Musk’s China visit: here’s why
DRAM ETF is firing on all cylinders, but beware of major risks
The Roundhill Memory ETF (DRAM) has become the hottest fund in the United States this year. Launched in April, it has surged by over 80% and attracted nearly $10 billion in assets under management (AUM). It has had inflows in each week since its launch as investors piled into the top gainers in the stock… Continue reading DRAM ETF is firing on all cylinders, but beware of major risks
Why Nvidia stock is crashing around 4% on Friday
Shares of Nvidia (NVDA) fell sharply on Friday, pulling back after an explosive rally that had pushed the chipmaker close to another record valuation milestone. The stock dropped around 4% to $226.80 in early trading after gaining roughly 20% over the previous seven sessions. Thursday’s rally alone saw Nvidia rise 4.4% to close at $235.75,… Continue reading Why Nvidia stock is crashing around 4% on Friday
Dow slides 400 points as rising yields and oil prices hit tech stocks
US stocks fell sharply on Friday as rising Treasury yields, persistent inflation concerns, and escalating energy prices pressured markets following another record-setting session for major indexes. The Dow Jones Industrial Average dropped roughly 402 points, or about 0.8%, while the S&P 500 fell 1.13%. Nasdaq Composite led declines, sliding about 1.58% as investors pulled back… Continue reading Dow slides 400 points as rising yields and oil prices hit tech stocks
Why Bill Ackman is betting on Microsoft as AI fears hammer the stock
Billionaire investor Bill Ackman revealed Friday that Pershing Square has built a new position in Microsoft. He argued that recent weakness in the software giant’s stock has created an attractive long-term investment opportunity despite growing concerns over artificial intelligence competition and heavy spending. Ackman disclosed the investment in a post on social media platform X,… Continue reading Why Bill Ackman is betting on Microsoft as AI fears hammer the stock
Here’s why POET Technologies stock is slumping today (May 15)
POET Technologies stock price has gone parabolic this year, making it one of the top gainers as the artificial intelligence boom continues. It jumped to $20 on Thursday, up by 315% from its lowest point this year. POET jumped after a major $500 million partnership The stock soared on Thursday after the company inked a… Continue reading Here’s why POET Technologies stock is slumping today (May 15)
Gemini stock surges despite lawsuit and restructuring concerns
Shares of Gemini Space Station surged more than 20% in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and announced a $100 million investment from its founders. The New York-based company’s shares, which were priced at $28 during its initial public offering, closed at $5.26 on Thursday before rallying in… Continue reading Gemini stock surges despite lawsuit and restructuring concerns