Dell stock retreated in the premarket session as investors dumped technology shares amid concerns about artificial intelligence (AI). It retreated to $550 from last Friday’s close of $567 also as …
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Oracle shares ORCL fell 4.2% on Monday after co-founder Larry Ellison reversed plans to sell as much as $7.5 billion of his stake, while the company faces rising debt and …
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Marvell Technology stock faces more pain ahead despite solid revenue numbers
by adminby adminMarvell Technology (MRVL) stock has slipped over 31% from its year-to-date high, mirroring the performance of other semiconductor companies. The stock was recently trading around $223, down 32% from its …
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Qualcomm (QCOM) shares were surging on Tuesday after the chipmaker announced a major deal. The stock surged as much as 10% in early trading, but gave up most of those …
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Broadcom is emerging as a major beneficiary of the rapid expansion in artificial intelligence infrastructure, with its AI semiconductor business posting strong growth and the company raising its long-term revenue …
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UBS expects the Federal Reserve to raise interest rates twice this year after a stronger-than-expected August jobs report reinforced expectations of a resilient US economy. The bank now forecasts 25-basis-point …
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Anthropic, the giant company in the artificial intelligence (AI) space, is planning to launch the biggest IPO in the coming weeks. As this happens, more details, including banker selection and …
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GoPro stock GPRO has surged in recent sessions after the struggling action-camera maker announced a $285 million cash merger with Starman Optical, a privately held photonics company. Earlier, YouTube creator …
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Software stocks are back from the dead as AI fuels growth: can the rally continue?
by adminby adminEarlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic’s launch of new plugins …
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Adobe shares ADBE fell nearly 7% on Friday after the software company announced a leadership transition on Thursday. Anil Chakravarthy, president of Adobe’s Customer Experience Orchestration business, will become president …