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Investors are cheering Astrotech Corp (ASTC) on Wednesday after its management announced an ambitious strategic pivot into space-based hardware infrastructure. According to the company’s press release, its board has approved a strategic plan focused on lunar resource development to enable quantum computing and semiconductor manufacturing on the Moon. Given the tiny market cap and tight… Continue reading What triggered a 7x rally in Astrotech stock today?

Shares of Abercrombie & Fitch (ANF) rose sharply on Wednesday after the retailer reported better-than-expected fiscal first-quarter earnings, helping ease investor concerns despite weaker comparable sales and softer second-quarter guidance. Abercrombie stock climbed more than 12% in the trading session. The rally came after shares had fallen roughly 41% this year following disappointing holiday sales… Continue reading Why did Abercrombie stock jumps 12% despite weak sales guidance?

Custom artificial intelligence (AI) chips specialist Marvell Technology (MRVL) remains in focus this morning as it prepares to report its Q1 earnings after the closing bell. Consensus is for the company to post $0.79 a share of adjusted earnings (EPS) on a 27% year-on-year increase in revenue to $2.4 billion in the first quarter. Fuelled… Continue reading Options data reveals where Marvell stock will head after Q1 earnings

Shares of FedEx (FDX) rose on Wednesday after JPMorgan upgraded the shipping giant ahead of the planned separation of its freight business. Analysts believe the move could unlock additional shareholder value and improve transparency across the company’s operations. FedEx stock gained 3.4% to $413.70 in morning trading, outperforming rival United Parcel Service, whose shares rose… Continue reading FedEx stock climbs after JPMorgan upgrade ahead of freight spinoff

Shares of Tesla (TSLA) rose on Wednesday as investors found renewed encouragement in the company’s core electric-vehicle business following another strong month of European sales growth. The stock climbed 1.7% to $440.90 in early trading, putting Tesla on track for a fifth consecutive winning session. Broader markets were also higher, with S&P 500 futures up… Continue reading Tesla stock is up another 2% today: what’s driving the recent rally?

Shares of Nvidia (NVDA) remained under pressure on Wednesday, extending recent losses despite blockbuster earnings and an aggressive long-term expansion plan tied to Taiwan’s semiconductor ecosystem. The stock fell around 2% to roughly $209.26 in early trading after closing lower Tuesday for its third consecutive losing session. The weakness came even after Nvidia once again… Continue reading Why Nvidia stock is down around 2% on Wednesday

Shares of Salesforce (CRM) gained 2% ahead of the company’s first-quarter earnings report on Wednesday afternoon. Investors are looking for signs that the software giant can stabilize growth and address mounting concerns over how artificial intelligence could reshape the enterprise software industry. The stock has fallen roughly 34% over the past year even as the… Continue reading Salesforce stock rises ahead of earnings: what to expect?