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Applied Materials AMAT shares surged on Wednesday after Citi raised its price target on the semiconductor equipment maker, citing accelerating artificial intelligence spending and growing demand for memory-related chip manufacturing equipment. The stock jumped 9.7% during trading and reached a new 52-week high of $623.35. The rally came after Citi increased its price target on… Continue reading Applied Materials surges as Citi lifts target on AI demand boom

Nvidia stock (NVDA) edged lower on Wednesday, continuing a recent stretch of underperformance relative to other semiconductor stocks. Shares of the chipmaker fell 0.5% to $206.91 in early trading after declining 2.4% during Tuesday’s session. The weakness contrasted with gains elsewhere in the semiconductor sector. Advanced Micro Devices and Intel each rose roughly 3%, while… Continue reading Nvidia stock remains under pressure: can the AI giant breakout soon?

Carvana (CVNA) shares opened in the “red” this morning in sympathy with peer CarMax (KMX) whose Q1 earnings signaled margin compression, stubbornly weak volumes, and rising acquisition costs. But a compelling case can be made that the market is lazily painting both companies with the same brush, ignoring the fundamental structural differences between how they… Continue reading CarMax earnings create a buying opportunity in Carvana stock

Tesla stock (TSLA) edged lower in early trading on Wednesday, even as analysts projected stronger-than-expected second-quarter results and new data from Europe highlighted growing adoption of the company’s Full Self-Driving software. Shares of the electric-vehicle maker fell 1.6% to $398.66 in early trading. Analysts see strong second quarter Wolfe Research said Tesla appears on track… Continue reading Tesla stock slips below $400: why upbeat EV sales estimates are not helping

SpaceX shares fell sharply on Wednesday, cooling some of the enthusiasm that had propelled Elon Musk’s aerospace and technology company to become one of the world’s most valuable firms within days of its stock market debut. The SPCX stock was down 5.5% at $190.80 by late morning trading, trimming gains after a spectacular run that… Continue reading SpaceX slips after blockbuster IPO rally: is hype catching up with fundamentals?

uniQure (QURE) stock is ripping higher this morning after the biopharmaceutical firm announced a major regulatory breakthrough with the FDA for its Huntington’s disease gene therapy AMT-130. As investors cheered the disclosure, QURE pushed past its key moving averages (MAs) – and its relative strength index (RSI) climbed into the mid-80s, indicating intense buying pressure.… Continue reading What made uniQure stock nearly double on Wednesday?

Broadcom (AVGO) shares moved higher on Wednesday as investors returned to semiconductor stocks and analysts at JPMorgan reiterated their bullish outlook on the chipmaker. The bank argued that the market continues to underestimate the company’s long-term artificial intelligence opportunity. The stock rose 5.17% during trading. The rebound followed a difficult month for Broadcom shares, which… Continue reading Broadcom stock rises as JPMorgan backs AI growth, sees 54% upside

AST SpaceMobile (ASTS) shares moved higher on Wednesday after the company successfully launched three of its largest communications satellites aboard a SpaceX Falcon 9 rocket. The launch marked an important milestone in its effort to build a space-based cellular broadband network. The launch sent BlueBird 8, 9, and 10 into orbit from Cape Canaveral Space… Continue reading AST SpaceMobile stock rises after SpaceX launches BlueBird satellites

Micron Technology (MU) shares rose in trading on Wednesday. The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications. The stock gained 2.4% on Wednesday after falling more than 6% in the previous… Continue reading Deutsche Bank lifts Micron PT to $1,500 with 47% upside as earnings loom