Shares of Veeco Instruments VECO moved sharply higher on Tuesday after the semiconductor equipment maker announced a follow-on order for its Nanosecond Annealing System (NSA500). The move signals growing customer confidence in the company’s technology for advanced chip manufacturing.The stock gained as much as 19% during the session, extending its…
Shares of Broadcom AVGO fell sharply on Tuesday as investors continued to rotate away from high-growth technology stocks.The decline came despite the company’s announcement of a major artificial intelligence infrastructure partnership with Apollo Global Management and Blackstone.Broadcom stock dropped 6.2% during the session as the broader technology sector remained under…
Oracle (ORCL) shares remain in focus ahead of the artificial intelligence (AI) infrastructure firm’s Q4 earnings set to be released tomorrow, June 10, after market close. Consensus is for the company to report $1.96 a share (EPS) of adjusted earnings on $19.1 billion in revenue – about a 20% growth on…
Shares of DraftKings (DKNG) rallied on Tuesday after the sports-betting company reported strong growth in activity on its predictions platform.The update fueled investor optimism about DraftKings’ position in the rapidly expanding prediction markets industry.At the time of writing, DraftKings stock was up more than 11%, making its largest one-day percentage…
Technology stocks dragged Wall Street lower on Tuesday as a rebound in semiconductor shares lost momentum, while investors weighed renewed geopolitical uncertainty in the Middle East and prepared for key inflation data and the highly anticipated SpaceX initial public offering.The S&P 500 fell 0.26% to 7,386.65, while the Nasdaq Composite…
Meta Platforms (META) is positioning itself for further upside as it taps a new subscription-based revenue stream, Truist analysts led by Youssef Squali told clients in their latest research note.Squali maintains a “buy” rating on the tech behemoth, with an $840 price target indicating potential upside of more than 40%…
BYD Chairman Wang Chuanfu has said the Chinese electric vehicle maker aims to become the world’s largest automaker within the next five years, outlining an ambitious growth target as the company faces slowing domestic demand and pressure on its share price.Speaking at BYD’s annual shareholder meeting at the company’s headquarters…
Rolls-Royce share price has lost the momentum it had last year as it faces some major external challenges that threaten its profit targets. RR has remained inside the narrow range between 1,095p and 1,340p since February. Still, this consolidation may lead to a strong rebound in the coming weeks as…
Asian semiconductor and technology stocks resumed their decline on Wednesday, tracking overnight weakness on Wall Street as concerns over artificial intelligence-related valuations continued to weigh on investor sentiment.The losses came after a brief rebound in chipmakers lost momentum, with investors increasingly questioning whether the sector’s rapid gains have outpaced underlying…
UK equity markets remained close to three-week lows on Wednesday as investors weighed ongoing geopolitical risks in the Middle East, corporate earnings developments, and the potential implications of upcoming US inflation.The benchmark FTSE 100 and the mid-cap FTSE 250 indexes both posted modest gains in early trading.By 0752 GMT, the…