Nasdaq 100, S&P 500 Close At Record Highs As Tech Stocks Reclaim Dominance: Thursday’s Risers & Fallers
The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing at 19,576 points and reaching all-time highs.
Adobe Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, Momentum Due To ‘Highly Differentiated Approach To AI’ And More
Adobe reported second-quarter revenue of $5.31 billion, beating the consensus estimate of $5.292 billion.
Tech’s AI-Driven Strength Over Dow’s Blue Chips Tops Dot-Com Era Peak: Are We In A New Bubble?
Tech stocks are rallying compared to blue chips, reminiscent of the dot-com bubble, driven by the promise of AI. Are we in a new bubble?
ON Semiconductor Well Positioned For Cyclical Recovery: Analyst
Needham analyst reiterated Buy rating and $92 price target for ON Semiconductor, expecting a cyclical recovery and increase in gross margin.
Stocks Turn To Losses, Bonds Rally On Falling Producer Prices, Rising Jobless Claims: What’s Driving Markets Thursday?
Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data.
Broadcom Continues Upside To AI: ‘Uniquely Positioned’ To Grow, Says Analyst After Q2 Results
Broadcom reported strong Q2 results and raised full-year outlook, with analysts praising its potential in AI. AVGO shares climb.
Microsoft Is Betting Big on AI, Outpacing Rivals with New Strategy
Satya Nadella, CEO of Microsoft, bet on AI future by partnering with OpenAI and investing in startups. Analysts see Microsoft as top public cloud leader by 2032.
What’s Going On With Snowflake Stock Thursday?
The Unity Catalog by Databricks is now open source, allowing companies to utilize and modify the platform without cost or vendor lock-in.
Zuckerberg Targets Meta’s Top Brass In Planned Job Cuts As His Wealth Hits $181B, Stock Price Soars
Meta Platforms is looking to cut several vice presidents from its ranks according to a report. The job cuts come as CEO Mark Zuckerberg's wealth soars and the stock is booming.
Google Search Chief Tells Employees ‘Don’t Hold Back Features Just Because There Might Be Occasional Problems’
Reid's comments come at a critical time for Google, as it competes with OpenAI and Microsoft in generative AI.