Stock Research

Allbirds completed its transformation from a footwear company into an artificial intelligence infrastructure provider on Wednesday, changing its name to Smartbird and appointing former Amazon executive Nadia Carlsten as chief executive officer. The announcement sent shares of the company, which continues to trade under the ticker BIRD, sharply higher. The stock surged more than 45%… Continue reading Allbirds stock jumps 45% as company rebrands to Smartbird

Robinhood Markets HOOD shares moved higher on Wednesday after multiple Wall Street firms reaffirmed their bullish outlook on the online brokerage, arguing that the company’s growth prospects remain strong. The bullish view came despite a planned workforce reduction affecting roughly 10% of employees. The stock gained more than 12% in mid day trading after both… Continue reading Robinhood stock gains as analysts back growth despite layoffs

Applied Materials AMAT shares surged on Wednesday after Citi raised its price target on the semiconductor equipment maker, citing accelerating artificial intelligence spending and growing demand for memory-related chip manufacturing equipment. The stock jumped 9.7% during trading and reached a new 52-week high of $623.35. The rally came after Citi increased its price target on… Continue reading Applied Materials surges as Citi lifts target on AI demand boom

Nvidia stock (NVDA) edged lower on Wednesday, continuing a recent stretch of underperformance relative to other semiconductor stocks. Shares of the chipmaker fell 0.5% to $206.91 in early trading after declining 2.4% during Tuesday’s session. The weakness contrasted with gains elsewhere in the semiconductor sector. Advanced Micro Devices and Intel each rose roughly 3%, while… Continue reading Nvidia stock remains under pressure: can the AI giant breakout soon?

Carvana (CVNA) shares opened in the “red” this morning in sympathy with peer CarMax (KMX) whose Q1 earnings signaled margin compression, stubbornly weak volumes, and rising acquisition costs. But a compelling case can be made that the market is lazily painting both companies with the same brush, ignoring the fundamental structural differences between how they… Continue reading CarMax earnings create a buying opportunity in Carvana stock

Tesla stock (TSLA) edged lower in early trading on Wednesday, even as analysts projected stronger-than-expected second-quarter results and new data from Europe highlighted growing adoption of the company’s Full Self-Driving software. Shares of the electric-vehicle maker fell 1.6% to $398.66 in early trading. Analysts see strong second quarter Wolfe Research said Tesla appears on track… Continue reading Tesla stock slips below $400: why upbeat EV sales estimates are not helping

SpaceX shares fell sharply on Wednesday, cooling some of the enthusiasm that had propelled Elon Musk’s aerospace and technology company to become one of the world’s most valuable firms within days of its stock market debut. The SPCX stock was down 5.5% at $190.80 by late morning trading, trimming gains after a spectacular run that… Continue reading SpaceX slips after blockbuster IPO rally: is hype catching up with fundamentals?

uniQure (QURE) stock is ripping higher this morning after the biopharmaceutical firm announced a major regulatory breakthrough with the FDA for its Huntington’s disease gene therapy AMT-130. As investors cheered the disclosure, QURE pushed past its key moving averages (MAs) – and its relative strength index (RSI) climbed into the mid-80s, indicating intense buying pressure.… Continue reading What made uniQure stock nearly double on Wednesday?

Broadcom (AVGO) shares moved higher on Wednesday as investors returned to semiconductor stocks and analysts at JPMorgan reiterated their bullish outlook on the chipmaker. The bank argued that the market continues to underestimate the company’s long-term artificial intelligence opportunity. The stock rose 5.17% during trading. The rebound followed a difficult month for Broadcom shares, which… Continue reading Broadcom stock rises as JPMorgan backs AI growth, sees 54% upside