All articles tagged with #market
Microsoft rolled out a new Surface lineup (including four models priced from about $1,499–$2,000) with features like a hardware privacy screen and haptic feedback, while signaling big changes in its gaming division and hinting at Valve’s Steam Machine developments. Wall Street remains bullish on MSFT with a Strong Buy consensus and an average target around $560, and the stock edged higher on the news.
U.S. stocks declined again, slipping further from their record highs as investors reassessed valuations and market momentum, with losses broad-based across the major indices.
Ahead of Nvidia's Q1 FY27 results due May 20, Wall Street analysts have raised NVDA price targets on strong AI chip demand, data‑center growth, and enterprise AI spending; the stock remains a consensus Strong Buy (40 buys, 1 hold, 1 sell) with an average 12‑month target around $279.28, implying about 18.5% upside. Earnings are expected at $1.75 per share on roughly $78.8 billion in revenue. Recent target hikes include Cantor Fitzgerald to $350, UBS to $275, and Bank of America to $320, as analysts anticipate continued AI infrastructure spending and a ramp in upcoming chip deployments driving growth.
Nvidia (NVDA) shares rose 2% to $219.44, delivering a fresh record close as AI enthusiasm and a rally in chip names lift the stock ahead of its May 20 earnings; the four-day gain season has pushed Nvidia’s market cap to about $5.33 trillion, with analysts leaning Strong Buy and a target near $274 as upside potential.
Jim Cramer says it’s not too late to buy AI-related equities, highlighting data-center winners as the next phase of the AI market rally.
Last week U.S. stocks pushed to fresh highs on strong jobs data and AI-driven demand, with the S&P 500 up about 0.8% and the Nasdaq up around 2.3% as the 10-year yield eased and the VIX fell. Chip stocks led gains on AI spend and data-center growth, while some AI names retreated; oil traded in the mid-to-high $90s to $100s amid geopolitical tensions. In the week ahead, focus shifts to Fed policy after the jobs data, ongoing AI spending, and a busy earnings calendar with previews for firms like AMAT, BABA, TGT, XOM and others, along with notable ex-dividend dates.
The Seahawks’ sale is described as soft, with only a small pool of buyers able to pay roughly $9 billion; the final price is expected to land just above $9 billion, a new record though not dramatically higher than the current high-water mark, and the process could drag into the 2026 season amid liquidity concerns and potential management hesitation.
Apple topped Wall Street's Q2 earnings estimates as stronger iPhone demand and solid China sales helped lift revenue, signaling momentum for its flagship device and geographic growth.
Trump welcomed winners of a cryptocurrency contest to Mar-a-Lago, highlighting his continued ties to crypto projects even as his own coin has stalled in the market.
Software stocks sank after ServiceNow and IBM results renewed fears that AI could disrupt the cloud-subscription model, with Salesforce, Workday and Oracle also lower; ServiceNow cited U.S.-Iran conflict as a headwind, IBM beat on earnings but offered softer guidance, and the sector remains under pressure this year as investors await results from Alphabet, Amazon, Meta and Microsoft.
Major indices fell as oil rose and software/tech shares dragged the market, with the Dow Jones, S&P 500 and Nasdaq trading lower. Notable movers included ServiceNow (NOW) down about 18%, IBM down ~8.9%, and Salesforce (CRM) down ~9.3%, while lululemon (LULU) dropped ~12%, and Texas Instruments (TXN) and United Rentals (URI) jumped roughly 17.7% and 22.3%, respectively.
Hedge funds are buying claims to U.S. tariff refunds, offering upfront cash to importers at a discount in exchange for the full refunds when the government pays, a market unlocked by the Supreme Court's ruling against Trump's 'Liberation Day' tariffs. Deals range from a few million to over $100 million, with prices climbing toward 70 cents on the dollar, but the venture carries political risk and timing uncertainty as CBP rolls out its phased online refund portal.
Civilians are feared dead after reports that Nigerian jets struck Jilli Market in the northeast (near the Borno–Yobe border) during operations against Boko Haram. The Nigerian Air Force says it carried out mop-up strikes but has not confirmed casualties, and reports vary widely on the death toll—from about 10 to over 200—sparking condemnation from Amnesty International and prompting emergency assessments.
Circle stock rebounds after its biggest-ever single-day drop, as a broad market swing drives wide moves across equities and crypto: AMD +7.59%, INTC +7.45%, ARM +17.86%, JD +8.04%, CHWY +13.43% while ONON falls -11.75% and DPRO drops -22.12%; Bitcoin-USD +2.02% and Ethereum-USD +2.27%, illustrating a volatile trading day with numerous double-digit moves across tickers.
Samsung is reportedly ending Galaxy Z TriFold sales in key markets, with a final restock expected in South Korea and no current plans for a TriFold successor, as remaining stock is sold.