Boeing (BA) stock is extending gains on Tuesday morning even though the airplane maker posted a wider-than-expected loss for its fiscal second quarter (Q2). Investors are cheering BA mostly because the bottom-line weakness did not disrupt management’s full-year outlook for up to $3 billion in free cash flow. More importantly, CEO Kelly Ortberg told CNBC… Continue reading Boeing earnings: when will BA target $10B free cash flow again?
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Why are Intel, AMD stocks tumbling today?
Intel and AMD shares came under heavy selling pressure on Tuesday as investors reassessed the outlook for the semiconductor industry amid China’s rapid advances in memory chips and artificial intelligence infrastructure. Intel INTC stock fell about 6%, while AMD declined roughly 8%, extending a broader selloff across global semiconductor stocks. The weakness followed sharp declines… Continue reading Why are Intel, AMD stocks tumbling today?
Will earnings be the turning point for Microsoft stock?
Microsoft stock has retreated sharply in the past few months, moving from a record high of $556 in October last year to $390. This retreat has pushed its market capitalization from over $3.89 trillion to $2.9 trillion today. This article highlights what to expect as its fourth-quarter earnings loom. Microsoft stock has dropped amid capex… Continue reading Will earnings be the turning point for Microsoft stock?
SanDisk stock falls as Wyckoff theory flags a risky phase
SanDisk stock continued its strong retreat as investors continued selling memory shares. SNDK dropped to $1,204 in the premarket, reaching its lowest level since May 1. It has slumped by 45% from its all-time high, and the Wyckoff Theory suggests that it has more downside to go. SanDisk stock technicals point to a retreat SNDK… Continue reading SanDisk stock falls as Wyckoff theory flags a risky phase
Why SpaceX stock is tanking over 5% on Tuesday
SpaceX (SPCX) shares extended their decline on Tuesday as investors continued to weigh the prospect of a wave of insider share sales ahead of the company’s first post-IPO lock-up expiration. The SpaceX stock fell more than 5% to around $107, well below its IPO price of $135. The broader market was mixed, with the S&P… Continue reading Why SpaceX stock is tanking over 5% on Tuesday
Nasdaq falls as chip stocks slide ahead of Fed, Big Tech earnings
US stocks opened lower on Tuesday, with the Nasdaq underperforming as renewed weakness in semiconductor stocks overshadowed gains in consumer-focused companies. Investors remained cautious ahead of quarterly earnings from several of the largest technology companies and the Federal Reserve’s interest rate decision later this week. The Nasdaq Composite fell about 0.67%, while the S&P 500… Continue reading Nasdaq falls as chip stocks slide ahead of Fed, Big Tech earnings
Meta, BlackRock team up to develop $14B El Paso data centre
Meta Platforms and asset manager BlackRock announced on Tuesday a venture to develop and operate a data center campus in El Paso, Texas. The project is expected to cost about $14 billion in development. The partnership comes as technology companies accelerate spending on artificial intelligence infrastructure. The growing scale of investment in AI data centers… Continue reading Meta, BlackRock team up to develop $14B El Paso data centre
Duolingo stock has crawled back: will these gains hold as growth slows?
Duolingo stock price has slumped this year as concerns about disruption by artificial intelligence tools and as investors watch its turnaround strategy. DUOL was trading at $132 after falling by 25% this year and 64% in the last 12 months. It has slumped by 75% from its all-time high, with its market capitalization falling from… Continue reading Duolingo stock has crawled back: will these gains hold as growth slows?
Corning stock drops after soft earnings guidance: buy the dip?
Corning stock plunged by over 12% in the premarket session after the company published the latest earnings report. GLW dropped by 12% to $122.92, its lowest level since March 9 this year. It has plunged by 54% from the year-to-date high of $271, with its valuation falling from $219 billion to $123 billion. Corning stock… Continue reading Corning stock drops after soft earnings guidance: buy the dip?