Intel, AMD stock rally on fresh bullish coverage

Advanced Micro Devices (AMD) and Intel (INTC) are extending gains on Wednesday morning as a new wave of upbeat analyst commentary reignited momentum across the semiconductor sector. AMD drew renewed investor interest after Susquehanna issued a bullish call, while INTC rallied because Freedom Broker upgraded it to “buy” on rapidly improving earnings and AI infrastructure… Continue reading Intel, AMD stock rally on fresh bullish coverage

Nvidia stock slips 1% ahead of Big Tech results: why are investors worried?

Shares of Nvidia edged lower on Wednesday, as investors grew cautious about the outlook for artificial intelligence spending and awaited earnings from major technology companies. The stock fell around 1% to $211.38 in early trading, following broader weakness in semiconductor names a day earlier. Nvidia’s near-term performance is likely to depend on signals from Big… Continue reading Nvidia stock slips 1% ahead of Big Tech results: why are investors worried?

Amazon stock rises 2% as AI spend, AWS growth face earnings test

Shares of Amazon rose about 2.3% on Wednesday as investors positioned ahead of the company’s first-quarter earnings report, with markets closely watching cloud growth, artificial intelligence spending, and the potential impact of geopolitical tensions on consumer demand. The e-commerce and cloud giant is scheduled to report results after the market close, with expectations running high… Continue reading Amazon stock rises 2% as AI spend, AWS growth face earnings test

Microsoft stock down 1% ahead of earnings: what to expect?

Shares of Microsoft edged lower ahead of its earnings report, with the stock down around 1% in early trading on Wednesday. The move comes as investors positioned for key updates on cloud growth, capital spending, and artificial intelligence monetisation. Microsoft’s earnings are expected to provide a critical update on whether its aggressive AI strategy is… Continue reading Microsoft stock down 1% ahead of earnings: what to expect?

Starbucks stock jumps 8% as turnaround gains traction

Shares of Starbucks rose about 8% on Wednesday after the coffee giant reported stronger-than-expected second-quarter results and raised its annual outlook, signaling early success in its ongoing turnaround strategy under CEO Brian Niccol. The stock also gained following the earnings release, as investors responded positively to improving sales trends and a return to year-over-year earnings… Continue reading Starbucks stock jumps 8% as turnaround gains traction

SoFi stock drops 12% despite strong Q1 earnings as outlook disappoints

SoFi Technologies reported strong first-quarter results, with profit and revenue surpassing expectations, but its shares fell sharply after the company issued a slightly weaker-than-expected outlook for the current quarter. The financial services firm said it expects adjusted revenue growth of around 30% in the second quarter, just below analyst estimates of 31%. The cautious guidance… Continue reading SoFi stock drops 12% despite strong Q1 earnings as outlook disappoints

Dow slips 90 pts as Fed decision, Big Tech earnings keep markets on edge

Wall Street opened in the red on Wednesday, as investors were cautious ahead of a pivotal Federal Reserve decision and a heavy slate of Big Tech earnings, while keeping a close eye on rising oil prices and geopolitical tensions. The S&P 500 slipped 0.18%, alongside the Dow Jones Industrial Average, which fell 92 points, while… Continue reading Dow slips 90 pts as Fed decision, Big Tech earnings keep markets on edge

Seagate stock soars 15% as AI storage boom fuels earnings beat

Seagate Technology delivered a strong set of third-quarter results that comfortably exceeded Wall Street expectations, sending its shares sharply higher in premarket trading and reinforcing investor confidence in the durability of artificial intelligence-driven demand for data storage. The hard-drive maker reported adjusted earnings of $4.10 per share for the quarter, more than doubling from $1.90… Continue reading Seagate stock soars 15% as AI storage boom fuels earnings beat

Yum Brands beats estimates as Taco Bell posts 8% sales growth

Yum Brands on Wednesday reported quarterly earnings and revenue that exceeded analysts’ expectations, supported by another strong performance from its Taco Bell division. The company posted adjusted earnings per share of $1.50, surpassing estimates of $1.38, according to a survey by LSEG. Revenue came in at $2.06 billion, slightly ahead of expectations of $2.04 billion.… Continue reading Yum Brands beats estimates as Taco Bell posts 8% sales growth