SanDisk’s Rally Pauses as AI Chip Names Hit Resistance
SanDisk shares slipped in premarket trading Thursday after hitting a record close, as selling in AI chip stocks hit one of Wall Street's busiest trades.
Veeva Raises Outlook After Beat, But Shares Dip as AI Looms
Veeva Systems stock was lower before the open on Thursday. The life-sciences software group topped quarterly estimates and raised its forecast for the full year, but investors still had questions about AI, services growth, and customer shifts, even after what looked like a solid report.
SoFi Shares Drop 6% as AI Hopes Face Test
SoFi Technologies shares slid again Wednesday, finishing at $16.68, off 5.98%. The stock is now down for a second day, chipping away at last week’s rally. Now investors are trying to figure out if SoFi’s new AI financial coach is more than just another app feature. Tuesday, the stock fell 4.52%.
BlackBerry’s QNX AI Push Heads Into Fresh Test
BlackBerry’s recent rally could hit a hurdle, as executives told investors at a Baird event this week that the company’s QNX embedded-software unit is now positioned as a growth engine, not a turnaround play.
Broadcom Stock Slips After AI Outlook Rattles Wall Street
Broadcom Inc. stock dropped premarket Thursday. The company’s AI outlook and its decision to keep its long-term goal steady disappointed some traders after the shares hit a record high earlier this week.
Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers
Marvell Technology is higher in early U.S. premarket trading Thursday after closing at a record. The move comes as the stock extends gains from an AI-driven rally kicked off when Nvidia CEO Jensen Huang publicly backed the chipmaker at Computex in Taipei.
Nvidia Drops; AI Rally Faces Next Test
Nvidia shares fell 3.6% to close at $214.75 on Wednesday. The drop followed a rally tied to Computex, with investors taking profits as major U.S. indexes slipped. At the close, Nvidia’s market cap stood at about $5.24 trillion.
Nokia shares jump as traders pile in on AI play
Nokia Oyj traded higher again Wednesday, finishing up 2.39% in Helsinki at 14.805 euros. The stock is up around 18.5% over the first three trading days in June, with buyers still chasing the company’s artificial-intelligence angle. The OMX Helsinki 25 benchmark index added 0.61% to close at 6,602.84.
Veeva Shares Drop Despite Earnings Beat, Investors Eye AI Move
Veeva Systems Inc. shares dropped after hours Wednesday. The life-sciences software firm topped quarterly estimates and boosted its full-year forecast, but that didn’t move investors looking for more than just earnings numbers in line.
CrowdStrike Tops Forecasts but Shares Drop as AI Expenses Gain Attention
CrowdStrike shares slipped about 8% after the bell on Wednesday, according to Reuters, even as the cybersecurity company topped Wall Street’s revenue view, lifted its full-year guidance and unveiled a four-for-one stock split. Investors zeroed in on higher expenses linked to AI and new products.
Meta Jumps After Zuckerberg Puts AI Agent at Center of $145 Billion Gamble
Meta Platforms shares gained roughly 4.2% late Wednesday after the parent of Facebook and Instagram introduced an AI business agent, a move investors took as an indication that its large spend on artificial intelligence may bring in fresh paid offerings. Shares climbed $25.17 to $622.80, putting Meta’s market cap near $1.60 trillion on the latest quote.
Sandisk Hits Record High on AI Memory Demand
SanDisk Corp shares climbed roughly 8% on Wednesday, hitting another all-time high. Investors continued to buy into the AI storage story, even as the wider U.S. market traded lower.
Apple Shares Slip Ahead of Key AI Event
Apple shares slipped Wednesday as traders took profits ahead of next week’s Worldwide Developers Conference, where the company is expected to focus on artificial intelligence. The stock dropped 1.8% to $309.67 in afternoon trading, after earlier reaching a session high of $316.87 and a low of $308.87.
T1 Energy Stock Gets a $32 Million Battery Test as AI Power Demand Builds
T1 Energy Inc. shares were little changed on Wednesday after the U.S. solar manufacturer agreed to buy KORE Power Inc. for about $32 million, a modest-sized deal that widens its push into battery storage and power infrastructure for data centers.
Cipher Digital Shares Fall as Street Leans Into AI Strategy
Cipher Digital Inc. fell 1.1% to $26.00 on Wednesday despite an early jump and a new price target from Morgan Stanley. The stock had climbed as high as $28.56 in heavy Nasdaq volume, topping 19 million shares.
Alphabet Stock Is Slipping After a Huge AI Cash Call. Here’s What Traders Are Watching
Alphabet’s Class A shares slipped in late-morning trade on Wednesday after the Google parent upsized and priced an $84.75 billion equity raise to fund its artificial-intelligence infrastructure buildout. GOOGL was down 0.8% at $359.04, while non-voting GOOG shares fell 0.9% to $355.32.
Oracle’s $50 Billion AI Bet Draws Wall Street’s Focus
Oracle shares dropped over 5% Wednesday morning as some of the AI-fueled gains came off. Investors refocused on the expense of scaling up cloud infrastructure tied to Oracle’s growth pitch. The stock was last seen at $231.41, down 5.4%, for a market cap near $674 billion.
BigBear.ai’s AI Rally Runs Out of Steam After Losses
BigBear.ai shares slipped in New York on Wednesday, pulling back after a recent rally. Investors looked at a new cargo-security contract, but concerns about flat revenue, ongoing cash burn and a steep valuation pressured the stock. Shares last changed hands at $4.80, down around 6%. The company’s market cap stands near $2.27 billion.
Dow drops after oil jump, Fed signals and tech moves
U.S. stocks slipped Wednesday. The Dow Jones Industrial Average retreated from its record highs as higher oil prices and new Middle East fighting weighed on a rally that had lifted Wall Street in recent days.
AMD Stock Holds Up As AI Rack Sales Draw Bulls
AMD gained 1.4% to $528.87 early Wednesday, shaking off declines in chip ETFs as investors saw new signs the company is making a bigger push into AI data-center gear. Nvidia dropped 2.3%. Intel was up 5.0%. Both iShares Semiconductor ETF and VanEck Semiconductor ETF slipped.
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