Seagate Technology STX shares rose about 3% in trading on Wednesday after the data storage company reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat outlook. The stock rebounded after falling 8.5% in the previous session. Despite a 23% decline in July, Seagate shares have gained nearly 404% over the past 12 months. For the… Continue reading Seagate stock jumps as AI demand drives earnings beat, bullish outlook
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Dow drops 450 points as Fed decision, chip selloff weigh on US stocks
US stocks opened lower on Wednesday as investors awaited the Federal Reserve’s latest interest rate decision while monitoring renewed geopolitical tensions in the Middle East and another round of major technology earnings. Dow Jones Industrial Average fell more than450 points, pressured in part by weakness in Procter & Gamble after the consumer products company missed… Continue reading Dow drops 450 points as Fed decision, chip selloff weigh on US stocks
Why is Micron stock rising today despite SK Hynix’s earnings-led selloff?
Micron Technology (MU) shares held firm in premarket trading on Wednesday, even as South Korean memory giant SK Hynix suffered a sharp selloff following its second-quarter earnings. The move suggests investors may be distinguishing between short-term earnings disappointment and the longer-term outlook for artificial intelligence-driven memory demand. SK Hynix shares plunged more than 9% in… Continue reading Why is Micron stock rising today despite SK Hynix’s earnings-led selloff?
Why is Ford stock surging despite a $1.3 billion loss?
Ford stock jumped more than 5% in after-hours trading on Tuesday even after the automaker reported a $1.3 billion second-quarter net loss, as investors focused on stronger underlying earnings and a raised outlook. The company delivered adjusted earnings of 42 cents a share, ahead of the 36-cent consensus, while adjusted EBIT rose by $400 million… Continue reading Why is Ford stock surging despite a $1.3 billion loss?
European shares edge higher as miners and energy stocks lead gains
European shares edged higher on Wednesday, supported by gains in mining and energy stocks. Investors continued to track developments in the Middle East while also looking ahead to earnings reports from major US technology companies. The pan-European STOXX 600 rose 0.35% to 648.54 points by 0704 GMT. The move reflected a cautious rise in European… Continue reading European shares edge higher as miners and energy stocks lead gains
Micron CEO cashes out $37 million: is this a red flag for MU investors?
Micron chief executive Sanjay Mehrotra sold shares worth about $37.3 million on Friday as the memory-chip maker suffers its steepest monthly slide in years. The transaction covered 40,000 shares and preceded Micron’s 8.9% fall on Tuesday to $820.53. The stock is down more than 29% in July and 32% from its June peak, reflecting fears… Continue reading Micron CEO cashes out $37 million: is this a red flag for MU investors?
Kospi plunges 11%, Nikkei 225 drops 3%: why are Asian markets cracking?
Asian stocks extended a punishing sell-off on Wednesday as record chip earnings failed to calm doubts over the price investors are paying for the artificial-intelligence boom. South Korea remained at the centre of the retreat, while a jump in oil and an unusually uncertain Federal Reserve decision added fresh pressure. The market is no longer… Continue reading Kospi plunges 11%, Nikkei 225 drops 3%: why are Asian markets cracking?
SK Hynix, Samsung stocks extend their crash today: how much further can they fall?
SK Hynix and Samsung Electronics stocks extended their selloff in Seoul on Wednesday as record memory-chip earnings failed to calm investors, sharply cutting the premium attached to the artificial-intelligence boom. SK Hynix reversed an early gain and fell more than 8% during trading on July 29, while Samsung dropped nearly 5%. The moves followed Tuesday’s… Continue reading SK Hynix, Samsung stocks extend their crash today: how much further can they fall?
Wolfe says buy these three quality stocks into post-earnings strength
July has dealt Wall Street a turbulent hand. US stocks have drifted lower this month, hampered by persistent geopolitical risks, rising crude oil prices, and mounting anxiety over rising AI capex. As tech heavyweights like Alphabet and Tesla Inc stumble under heavy AI spending commitments, market participants are pivoting toward fundamentally resilient names. To navigate… Continue reading Wolfe says buy these three quality stocks into post-earnings strength
