Chip stocks entered Tuesday, Sept. 15, trying to recover from a sharp sell-off tied to renewed concerns that artificial-intelligence development could slow. Nvidia (NVDA), Advanced Micro Devices (AMD), and other semiconductor stocks fell after AI-industry leaders raised concerns about the pace of frontier-model development. The rebound was uneven around midday on Sept. 15. The PHLX
US stocks fell on Tuesday as investors looked ahead to the Federal Reserve’s interest-rate decision and rising Treasury yields added pressure to equity valuations. The Dow Jones Industrial Average fell 330.74 points, or 0.63%, to 52,090.46. The S&P 500 dropped 0.45% to 7,585.51, while the Nasdaq Composite declined 0.77% to 25,983.58. The broader decline came
Keurig Dr Pepper built one company around two very different businesses: a North American beverage operation led by Dr Pepper and a coffee franchise built around Keurig. But it is now preparing to separate them, again, since its merger in 2018. The company plans to split into two publicly traded businesses in early 2027. The
Hewlett Packard Enterprise (HPE) shares fell 8% on Monday after Evercore ISI downgraded the stock to In Line from Outperform, citing its sharp recent rally and more balanced risk-reward profile. The brokerage maintained its $65 price target. HPE shares closed at $62.08 on Friday, Sept. 11, after gaining 15% over the previous five trading sessions
Uber shareholders watched about 4% of their position vanish on September 8 over the debut of a competitor’s product that most of them will never ride in. The selloff had nothing to do with Uber’s performance. Five weeks earlier, Uber posted second-quarter revenue of $14.19 billion, net income of $2.39 billion, and free cash flow
Top artificial intelligence (AI) stocks like Micron, Nvidia, AMD, and other firms like SanDisk and Western Digital will be in focus as concerns about the industry rose after Anthropic’s Dario Amodei urged a slowdown to AI model development. Anthropic’s CEO called to slow AI development Nvidia stock ended the week at $218, down from the
The inflation report that dropped on September 11 just moved the needle on Social Security for more than 75 million Americans. The new numbers point toward the largest annual benefit increase in three years, and the final figure gets locked in next month. The 2027 Social Security cost-of-living adjustment is now projected at 3.5%, based
Adobe (ADBE) stock opened lower on September 11, and D.A. Davidson senior analyst Gil Luria believes the decline was justified. Luria rates the software giant a Buy and has a $250 price target on the stock. “Adobe has been characterized as an AI loser,” he admitted in a recent interview with CNBC today. But it’s
There was a lot to enjoy for investors in ServiceTitan’s (TTAN) most recent earnings release. Revenue also topped Wall Street estimates. Profit above forecasts. Free cash flow up about 50%. The software company’s main product based on artificial intelligence was adopted faster than the company’s management anticipated. The move wiped off about a third of
SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week’s decline as investors digested another major artificial intelligence compute agreement. The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman