Accenture stock plunges as Wall Street cuts targets

Accenture plc shares ACN remained under pressure on Monday as Wall Street analysts lowered expectations following the company’s disappointing fiscal third-quarter report. The stock fell 7.1% to $118.88, extending a sharp decline that began after earnings were released last week. Shares had already dropped 18% on Thursday after Accenture reported quarterly results and announced a… Continue reading Accenture stock plunges as Wall Street cuts targets

Salesforce stock hits 52-week low amid record losing streak and AI fears

Salesforce Inc. shares CRM extended their decline on Monday, falling 1.44% to $149.6 and putting the stock on track for a record 14th consecutive daily loss. The move comes amid continued pressure on software companies as investors reassess the impact of artificial intelligence on the software-as-a-service (SaaS) model. The stock has dropped 43% year to… Continue reading Salesforce stock hits 52-week low amid record losing streak and AI fears

Nvidia stock dips as robotics push and partner stocks rally

Nvidia NVDA shares traded lower on Monday, falling 0.75% to $209.11 in trading as investors weighed developments in US-Iran peace talks. The move followed a 3% gain on Thursday. The stock’s muted performance came despite broader strength in parts of the semiconductor sector, with several peers moving higher in trading. Intel rose 4.9%, hitting a… Continue reading Nvidia stock dips as robotics push and partner stocks rally

Credo stock surges on Evercore $325 target and optical growth outlook

Credo Technology CRDO stock surged 8.6% in trading after Evercore ISI initiated coverage with an Outperform rating and a $325 price target, the most bullish call on Wall Street. That target sits roughly 20% above Friday’s record-high close of $271.83. Evercore analyst Mark Lipacis argued that the market is underestimating Credo’s long-term opportunity and expects… Continue reading Credo stock surges on Evercore $325 target and optical growth outlook

Micron stock is beating the broader market today: what to expect from earnings

Micron (MU) shares have had a monster rally heading into the memory chip specialist’s fiscal Q3 earnings scheduled for Jun. 24 after market close. Consensus is for MU’s revenue to nearly quadruple on a year-over-year basis in the third quarter to about $35 billion on a 10x increase in per-share earnings (EPS) to $19.72. Simply… Continue reading Micron stock is beating the broader market today: what to expect from earnings

Why Tesla stock is beating the broader market today

Tesla (TSLA) shares climbed on Monday, outperforming a weaker broader market as investors looked past a sharp decline in SpaceX shares and continued to focus on the electric vehicle maker’s longer-term artificial intelligence ambitions. The stock rose around 2% in early trading, even as major indexes struggled for direction. The S&P 500 fell 0.3%, while… Continue reading Why Tesla stock is beating the broader market today

Why is HIVE stock soaring today and what comes next?

HIVE Digital (HIVE) shares soared on Monday morning as investors reacted to the firm’s recently announced pivot from BTC mining into AI and high-performance computing (HPC) infrastructure. Late last week, HIVE said its wholly owned subsidiary, BUZZ HPC, signed a massive three-year commercial contract valued at about $220 million. According to the press release, BUZZ… Continue reading Why is HIVE stock soaring today and what comes next?

Intel stock hits a new all-time high on Monday: here’s why

Intel INTC shares rose 3.9% on Monday, extending gains from the previous session after President Trump said on Truth Social that Apple AAPL had agreed to work with Intel to design and build chips in the United States. The stock had already surged sharply on Thursday, closing at an all-time high of $133.99 after a… Continue reading Intel stock hits a new all-time high on Monday: here’s why

Why Alphabet stock is tanking over 6% on Monday

Alphabet shares fell as investors assessed the departure of prominent AI researchers and broader concerns about AI spending. The stock dropped more than 6.6%, falling to $343.47 in morning trading, as the market assessed the departure of two senior AI leaders from Google’s research organizations. DeepMind loses another high-profile researcher The latest setback came after… Continue reading Why Alphabet stock is tanking over 6% on Monday