Micron Technology MU shares fell more than 1.8% on Friday as investors weighed fresh investment plans from South Korean memory chip maker SK Hynix alongside a more cautious outlook for memory pricing from Citi. The memory-chip maker has declined about 9% over the past month, although the stock remains up more than 660% over the
SpaceX is approaching one of the biggest milestones since its blockbuster public listing, with its first lockup period expiring today, allowing up to 911.5 million insider-held shares to become eligible for sale. The event is widely viewed as the company’s first major post-IPO test after its shares slumped following their earnings debut, raising questions about
US stocks gained on Thursday as Wall Street was optimistic about a potential deal to reopen the Strait of Hormuz. However, technology stocks were weak following the latest corporate earnings reports. The Dow Jones Industrial Average rose 0.1% or 47 points, while the S&P 500 was almost unchanged after both indexes reached record highs earlier
Datadog shares DDOG dropped nearly 18% at market open on Thursday despite the cloud monitoring and analytics company reporting better-than-expected second-quarter earnings and raising its full-year financial outlook. The sharp decline came after the stock had reached a record closing high earlier this week, with analysts pointing to profit-taking and elevated investor expectations for 2H
Duolingo DUOL shares fell about 15% on Thursday after the language-learning platform issued a third-quarter revenue forecast that fell short of Wall Street expectations, overshadowing better-than-expected second-quarter results and stronger user growth. The company reported second-quarter revenue of $298.5 million, an 18% increase from a year earlier and above analysts’ expectations of $295.6 million, according
D-Wave Quantum shares QBTS fell about 5% on Thursday after the quantum computing company reported second-quarter revenue and earnings that missed Wall Street expectations, overshadowing a sharp increase in customer bookings. The Florida-based company reported second-quarter revenue of $3.08 million, below analysts’ estimates of approximately $4.08 million. Adjusted loss per share narrowed to 13 cents
The New York Times NYT shares fell more than 12% in trading on Wednesday after the publisher reported slower-than-expected digital subscriber growth for the second quarter and issued a weaker-than-anticipated outlook for digital subscription revenue. The media company added about 280,000 net digital-only subscribers during the quarter, below analysts’ average estimate of 295,300 compiled by
Nvidia stock (NVDA) rose sharply on Wednesday after Elon Musk said SpaceX would build its artificial intelligence infrastructure exclusively around Nvidia’s processors. The stock climbed 4.6% to about $221 in early trading. The gains also came as rival Advanced Micro Devices looked set for a weaker session, with its shares falling more than 5% in
Eli Lilly stock LLY gained 6% on Wednesday after delivering a stronger-than-expected second quarter as robust demand for its blockbuster GLP-1 medicines Mounjaro and Zepbound lifted revenue and profit well above Wall Street expectations. This has prompted the drugmaker to raise its full-year revenue outlook. The company reported adjusted earnings per share of $8.38, comfortably
Broadcom stock has jumped to its highest level since June 4 as investors buy the dip in technology companies. AVGO jumped to $418, up by 17% from its lowest point in July and 45% above the year-to-date low. This article explains why the stock will continue rising and possibly move above the year-to-date high of