Agilysys rallies 15%: why AI fears are fading for the software company

Shares of Agilysys (AGYS) surged 15% on Tuesday after the hospitality software provider delivered quarterly results that topped Wall Street expectations and issued stronger-than-expected full-year guidance. The results have eased investor concerns that artificial intelligence could weaken demand for traditional software companies. Agilysys stock climbed to $80.41, putting the shares on track for their best… Continue reading Agilysys rallies 15%: why AI fears are fading for the software company

Nvidia stock erases early losses ahead of earnings: what to expect

Shares of Nvidia (NVDA) recovered from early losses Tuesday as investors positioned ahead of the chipmaker’s closely watched earnings report later this week. The stock initially fell as much as 2% before trimming losses and trading roughly flat by midday. Wall Street remains broadly optimistic that Nvidia’s earnings could reignite the stock’s rally and reinforce… Continue reading Nvidia stock erases early losses ahead of earnings: what to expect

Oklo plunges 6%: why this analyst is cautious on the stock

Shares of Oklo (OKLO) fell sharply on Tuesday after Wolfe Research initiated coverage on the advanced nuclear reactor company with a cautious “Peer Perform” (hold) rating, raising fresh concerns about valuation, execution risks, and the company’s long path toward commercialization. Oklo stock dropped more than 6% in morning trading after Wolfe analyst Steve Fleishman outlined… Continue reading Oklo plunges 6%: why this analyst is cautious on the stock

SanDisk stock slips: why this analyst still sees a 50% upside

Shares of Sandisk (SNDK) fell 1.5% on Tuesday even as Citi Research sharply raised its price target on the flash memory company, citing accelerating demand for NAND storage tied to artificial intelligence infrastructure and hyperscale data center expansion. Citi lifted its target price on Sandisk shares to $2,025 from $1,300 while maintaining a “Buy” rating… Continue reading SanDisk stock slips: why this analyst still sees a 50% upside

Tesla stock slumps over 3% to sink below $400: what happened?

Shares of Tesla (TSLA) continued to decline Tuesday, falling below the $400 mark as investors reassessed the company’s pricing strategy and broader growth outlook. The stock dropped 3.5% to around $395.25 in early trading, extending Monday’s 2.9% decline and marking a sharp reversal from Tesla’s recent rally tied to optimism around autonomous driving and expansion… Continue reading Tesla stock slumps over 3% to sink below $400: what happened?

India’s scorching summer likely to push power demand even higher

India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before.  Bloomberg reported that peak demand hit 260.45 gigawatts (GW) on Tuesday, May 19, surpassing the previous day’s record of 257.4 GW.  The back‑to‑back milestones highlight both the intensity… Continue reading India’s scorching summer likely to push power demand even higher

From ServiceNow to Salesforce: why are software stocks rallying today?

Software stocks rallied sharply on Tuesday, extending a rebound in a sector that had come under intense pressure this year amid concerns that artificial-intelligence agents could threaten traditional enterprise software providers. In US, shares of enterprise software companies moved broadly higher, with ServiceNow (NOW) leading gains after a strong rally in the previous session. The… Continue reading From ServiceNow to Salesforce: why are software stocks rallying today?

CoreWeave stock falls 4%: why Google Blackstone deal is bad for the stock?

Shares of CoreWeave (CRWV) fell in Tuesday premarket trading after Google and Blackstone unveiled a major artificial intelligence cloud infrastructure partnership that investors viewed as a potential competitive threat to the fast-growing neocloud sector. CoreWeave stock dropped 4.3% in early trading alongside shares of Nebius Group as markets assessed the implications of the new joint… Continue reading CoreWeave stock falls 4%: why Google Blackstone deal is bad for the stock?

UK stocks rise as weak labour data eases rate hike concerns

UK equities moved higher on Tuesday after weaker labour market data eased concerns over an immediate interest rate hike from the Bank of England. The blue-chip FTSE 100 index rose 0.61% as of 11:13 am GMT, while the midcap FTSE 250 climbed 0.81%. Fresh labour market data from the UK tax office showed that payrolls… Continue reading UK stocks rise as weak labour data eases rate hike concerns