SpaceX stock (SPCX) climbed on Friday, putting the stock on track to snap a four-week losing streak after stronger-than-expected quarterly results prompted analysts to raise revenue forecasts. Shares of Elon Musk’s rocket and AI company rose about 11% to $126.82 in early trading. Despite the week’s rebound, SpaceX shares remain well below their post-listing highs.
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
SpaceX stock (SPCX) fell sharply on Wednesday after the company reported stronger-than-expected second-quarter results but disclosed a steep increase in artificial intelligence spending. The stock dropped as much as 13% on Wednesday before paring some of those losses to trade around 7% lower at the time of writing. The massive decline today is reversing a
Advanced Micro Devices AMD shares fell nearly 7% on Wednesday after investors looked past another quarter of strong revenue growth and earnings that exceeded Wall Street expectations, instead focusing on the company’s profitability outlook. The chipmaker reported second-quarter revenue of $11.54 billion, up 50% from a year earlier and above analysts’ estimate of roughly $11.28
Shopify (SHOP) stock is soaring on Wednesday morning after the e-commerce giant posted market-beating Q2 earnings and issued impressive future guidance. For its second financial quarter, SHOP recorded a 34% year-over-year increase in revenue to $3.6 billion on $0.42 a share of earnings (EPS), handily beating consensus set at $0.40 per share. Management also guided