ASML (ASML) reported second-quarter earnings that surpassed Wall Street’s expectations on both the top and bottom lines and yet, the market responded by sending shares 10% lower. The Dutch semiconductor manufacturer saw a surge in demand for the quarter, beating its original forecast and culminating in the following results: Sales: $6.79 billion vs $6.53 [...]
Shares of Nvidia (NVDA) fell as much as 5.6% Thursday after a strong rally sent it on its way to setting a new record high. The stock had climbed more than 6% before all those gains washed away yesterday. The fall-off could be attributed to the latest inflation figures weighing the stock down - [...]
Shares of SMART Global Holdings, Inc. (SGH) have gained another 18% today, adding to an impressive rally through 2024 thus far. The stock is now closing in on a 50% gain year-to-date. Today’s lift is all thanks to a third-quarter earnings report in which the company beat analyst expectations on both the top and [...]
Intel (INTC) gained more than 10% over the past week thanks to bullish coverage by one analyst at Melius Research who sees the stock as a top contender in the AI battlefield for the remainder of 2024. Ben Reitzes is optimistic about Microsoft’s new Recall AI and what it could mean for Intel, particularly [...]
Shares of Taiwan Semiconductor Manufacturing Company (TSM) got a 3% boost Monday morning after analysts with Morgan Stanley were the latest to upgrade the stock. The company is set to release its earnings on July 18th, and more and more experts are paying attention to the stock as the date approaches - you should [...]
Micron Tech (MU) reported its fiscal Q3 earnings results alongside a forecast for the final quarter of the fiscal year, and shares slid 6% as investors were expecting more. Revenue came in at $6.81 billion for the quarter, which was a whopping 81% improvement year over year. Analysts were expecting $6.61 billion. Meanwhile, earnings [...]
Goldman Sachs analyst James Schneider helped send shares of International Business Machines (IBM) higher Monday with a bullish outlook on the company for the road ahead. He set a price target at $200 and says it’s time to buy this stock, which currently sits at $173. Schneider is bullish on the IT services segment [...]
Accenture (ACN) delivered fiscal Q3 results Thursday morning right before the market opened, and despite a miss on the top and bottom lines, the company’s forecast for the road ahead was enough to send shares nearly 7% higher. Revenue for the third quarter was disappointing at just $16.47 billion, narrowly below the $16.53 billion [...]
Just last month Dell Technologies (DELL) reported first-quarter earnings that fell short of Wall Street’s expectations, taking the stock down from its all-time high of $179/share. It fell more than 30% in just a few days, eroding market cap and scaring investors out of their positions. The issue was that despite AI growth fueling [...]
Autodesk (ADSK) investors have been anxiously awaiting an update since April 1 of this year after the company became aware of potential discrepancies in its free cash flow and non-GAAP operating margin practices. This led to the delay of its 10-K for fiscal year 2023 pending a full investigation into the issue, resulting in [...]
