Why Intel stock is crashing around 6% on Tuesday

Intel stock (INTC) tumbled more than 6% on Tuesday as a broad technology selloff swept through markets, interrupting one of the strongest rallies in the semiconductor sector this year. The decline came as investors appeared to reduce exposure to high-flying technology stocks ahead of the first Federal Reserve interest-rate decision under Chair Kevin Warsh. The… Continue reading Why Intel stock is crashing around 6% on Tuesday

CoreWeave stock jumps 10% as analysts see major backlog upside

CoreWeave (CRWV) shares surged about 10% on Tuesday as investors reacted to fresh analyst commentary suggesting the cloud-computing company could deliver a significant backlog beat in the second quarter. The rally came after Cantor Fitzgerald highlighted information contained in a recent bond-offering memorandum that analysts believe points to stronger-than-expected contract growth. The stock’s gains were… Continue reading CoreWeave stock jumps 10% as analysts see major backlog upside

Why Fox-Roku deal is hitting Netflix stock today

Fox Corporation’s (FOXA) landmark agreement to acquire Roku Inc (ROKU) in a $22 billion deal is sending shockwaves through the entire streaming landscape on Tuesday morning. In particular, Netflix (NFLX) shares are seeing downward pressure as the “high-stakes” acquisition directly threatens the premium subscriber heavyweight’s core growth drivers. Versus its year-to-date high in mid-April, Netflix… Continue reading Why Fox-Roku deal is hitting Netflix stock today

Palantir falls 3%: Why are analysts still bullish on the stock?

Palantir Technologies (PLTR) shares fell on Tuesday despite receiving fresh support from Wall Street analysts who remain optimistic about the company’s long-term position in the artificial intelligence software market. The stock declined about 3% during trading, reversing part of the strong gains recorded in the previous session. However, several analysts maintained positive views on the… Continue reading Palantir falls 3%: Why are analysts still bullish on the stock?

Marvell Technology stock is firing on all cylinders: can the AI-fueled surge last?

Marvell Technology stock price remains in a strong bull run this year and is now hovering near its all-time high. MRVL jumped to $308 on Monday, up by 233% this year and 350% in the last 12 months, making it one of the top gainers in Wall Street. Will this rally continue this year as… Continue reading Marvell Technology stock is firing on all cylinders: can the AI-fueled surge last?

Qualcomm stock rises on AI chip push, Tenstorrent deal speculation

Qualcomm (QCOM) shares moved higher on Tuesday as investors focused on the chipmaker’s expanding artificial intelligence ambitions. Investors also reacted to reports of a potential acquisition and expectations for new details on the company’s data-center strategy at an upcoming investor event. The stock gained about 3% in premarket trading to $228.09, extending a strong rally… Continue reading Qualcomm stock rises on AI chip push, Tenstorrent deal speculation

Dow rises 380 points as investors await Fed decision, SpaceX extends rally

US stocks opened higher on Tuesday, continuing from Monday’s strong performance. The Dow Jones Industrial Average rose 383 points after the blue-chip index closed at a record high in the previous session. The S&P 500 surged 1.65% while the Nasdaq 100 fell 0.19%. The S&P 500 trades at 32.59 times earnings, compared with 24.63 times… Continue reading Dow rises 380 points as investors await Fed decision, SpaceX extends rally

Robinhood stock climbs as firm announces 10% reduction in workforce

Robinhood Markets said on Tuesday it will reduce its full-time workforce by roughly 10%, affecting about 290 employees, as part of a restructuring effort that comes despite record trading activity across several of its businesses. The online trading platform also said it would eliminate a small number of remaining open positions. Shares of Robinhood (HOOD)… Continue reading Robinhood stock climbs as firm announces 10% reduction in workforce

SpaceX agrees to acquire AI startup Cursor in $60B deal

SpaceX (SPCX) has formally agreed to acquire artificial intelligence coding startup Cursor in a transaction that values the company at $60 billion. The acquisition advances Elon Musk’s efforts to strengthen his position in one of the fastest-growing segments of the AI industry. According to a company filing released Tuesday, Cursor investors will receive SpaceX stock… Continue reading SpaceX agrees to acquire AI startup Cursor in $60B deal