What’s driving Intel, AMD stocks down ‘again’ on Thursday?
Intel (INTC) and Advance Micro Devices (AMD) shares are under immense pressure on Thursday morning amidst what can be described as a “perfect storm”. A mix of global semiconductor panic,…
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Category: Stock
Alibaba stock jumps as Apple integrates Qwen AI into Apple Intelligence in China
Alibaba’s US-listed shares rose more than 6% on Wednesday after the Chinese technology giant confirmed that its Qwen artificial intelligence model will power Apple Intelligence features for users in China.…
Morgan Stanley earnings: record profits warrants buying at current levels
Morgan Stanley (MS) shares are inching higher on Wednesday morning after the bank posted Q2 earnings that came in miles above Street estimates. The multinational reported a 27% year-on-year increase…
Microsoft stock is rising 3% on Wednesday: here’s why
Microsoft MSFT stock rose about 3% on Wednesday as Wall Street analysts reaffirmed their bullish outlook on the software giant despite trimming some price targets ahead of the company’s fiscal…
Apple stock falls after KeyBanc downgrade on slowing growth concerns
Apple AAPL stock fell around 1% on Tuesday after KeyBanc Capital Markets downgraded the iPhone maker, citing slowing hardware demand, weaker growth expectations, and valuation concerns despite the stock’s strong…
Bank of America Q2 earnings weren’t without pockets of weakness
Bank of America (BAC) shares are extending gains on Tuesday morning after the investment firm came in handily above Street estimates for its fiscal Q2. BAC earned $1.21 on a…
Arm stock falls 6% as HSBC cites foundry bottlenecks, cuts rating to Hold
Arm Holdings shares fell more than 6% on Tuesday after HSBC downgraded the chip designer to Hold, saying foundry capacity constraints are likely to limit earnings upside despite the company’s…
Trump proposes 20% cargo fee as US vows to police Strait of Hormuz
President Donald Trump said on Monday that the United States would reinstate its naval blockade of Iranian ships and charge a 20% fee on cargo passing through the Strait of…
Intel, AMD tumble as chip sell-off deepens: what if US-Iran conflict drags on?
US chip stocks are extending losses on July 13 as Washington and Tehran lock horns in a dangerous new phase of open hostility. Over the weekend and into Monday morning,…