Micron Tech (MU) reported its fiscal Q3 earnings results alongside a forecast for the final quarter of the fiscal year, and shares slid 6% as investors were expecting more. Revenue came in at $6.81 billion for the quarter, which was a whopping 81% improvement year over year. Analysts were expecting $6.61 billion. Meanwhile, earnings [...]
Goldman Sachs analyst James Schneider helped send shares of International Business Machines (IBM) higher Monday with a bullish outlook on the company for the road ahead. He set a price target at $200 and says it’s time to buy this stock, which currently sits at $173. Schneider is bullish on the IT services segment [...]
Accenture (ACN) delivered fiscal Q3 results Thursday morning right before the market opened, and despite a miss on the top and bottom lines, the company’s forecast for the road ahead was enough to send shares nearly 7% higher. Revenue for the third quarter was disappointing at just $16.47 billion, narrowly below the $16.53 billion [...]
Shares of Adobe (ADBE) got a 15% boost yesterday after the company reported Q2 earnings that surpassed expectations on both the top and bottom lines, fueled by AI growth. The stock is up another 15% in pre-market trading Friday morning. Revenue of $5.31 billion was narrowly above the Wall Street estimate of $5.29 billion. [...]
While all eyes are on stocks like NVDA, META, GOOG, and other companies staking their claims in the AI race, not enough emphasis has been placed on Broadcom (AVGO). The semiconductor and infrastructure manufacturer is well positioned to profit from this emerging technology. In fact, the company delivered second-quarter results yesterday and reported $3.1 [...]
Shares of Nvidia Corp. (NVDA) are up slightly in Wednesday morning trading as Elon Musk spoke to Tesla about relying on the company’s chips for its electric vehicles. Musk plans on ordering between $3 billion to $4 billion worth of chips throughout this year for Tesla, which will make up nearly two-thirds of the [...]
Intuit (INTU) posted third-quarter results yesterday in which the company narrowly beat the analyst estimate on both the top and bottom lines. The company even raised its full-year guidance. But, the stock is down 8% as a result. Intuit is primarily known for its array of tax assistance products - Credit Karma as a [...]
Wall Street darling Nvidia (NVDA) is set to declare its earnings results for the first quarter tomorrow on Tuesday, May 22nd. The stock is up more than 2% so far today and nearly 5% in the past week as shareholders are anxiously anticipating an earnings beat. According to one analyst, the writing is already [...]
Shares of Arm Holdings (ARM) are up just over 6% to start the week on news that the company intends to capitalize on the AI craze and begin producing its own chips as soon as 2025. Arm is a chip designer based in Britain that licenses its designs to other companies rather than manufacturing [...]
Much of the conversation surrounding the AI revolution focuses on names like Nvidia, AMD, Palantir, and other stocks that have captured the limelight by capitalizing on this emerging technology. However, there is reason to believe Microsoft (MSFT) could prove to be the real winner of the “AI arms race” in the long run. No, [...]
