Target posts strongest sales growth in years: Is growth back for good?
Shares of TGT rose on Wednesday after the retailer reported stronger-than-expected quarterly earnings and raised its full-year sales outlook, signaling that its turnaround strategy is beginning to gain traction despite…
Dow slips as Nvidia rally lifts Nasdaq ahead of crucial earnings
US stocks moved higher on Wednesday as investors piled back into semiconductor shares ahead of highly anticipated quarterly results from chip giant Nvidia, while easing Treasury yields and lower oil…
Intuit to cut 3,000 jobs, Reuters reports, as stock falls ahead of earnings
Intuit is laying off around 3,000 employees globally, or roughly 17% of its workforce, as the software company restructures operations and intensifies its focus on artificial intelligence initiatives.The job cuts…
Marvell stock jumps on AI networking demand: Is more upside coming?
Shares of Marvell Technology (MRVL) surged on Wednesday as Wall Street analysts raised price targets ahead of the chipmaker’s upcoming quarterly earnings report, citing accelerating demand for artificial intelligence infrastructure…
From ServiceNow to Salesforce: why are software stocks rallying today?
Software stocks rallied sharply on Tuesday, extending a rebound in a sector that had come under intense pressure this year amid concerns that artificial-intelligence agents could threaten traditional enterprise software…
India’s scorching summer likely to push power demand even higher
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that peak…
Tesla stock slumps over 3% to sink below $400: what happened?
Shares of Tesla (TSLA) continued to decline Tuesday, falling below the $400 mark as investors reassessed the company’s pricing strategy and broader growth outlook.The stock dropped 3.5% to around $395.25…
SanDisk stock slips: why this analyst still sees a 50% upside
Shares of Sandisk (SNDK) fell 1.5% on Tuesday even as Citi Research sharply raised its price target on the flash memory company, citing accelerating demand for NAND storage tied to…
Europe’s AI future at risk as soaring power costs push data centers abroad
Europe’s soaring electricity prices are threatening its ambitions to compete with the US and China in artificial intelligence, as power-hungry data centers face mounting costs and investors increasingly look elsewhere,…
Intel stock dips again: Why analysts are still bullish
Shares of Intel (INTC) fell 2% on Monday, extending the stock’s losing streak to a fifth consecutive session after a sharp pullback late last week. However, the stock recovered and was…