All articles tagged with #market news
Last week Micron (MU), Seagate (STX), and Sandisk (SNDK) fell roughly 14%, 18%, and 20%, but Navellier argues this was a Wall Street shakeout rather than a fundamental AI setback, and he still views these names as “screaming buys” while pointing to July 23 earnings and his Precursor Intelligence to spot where institutions may move next.
NASA has Boeing's Starliner under review for future operations, potentially enabling a crewless launch to the ISS soon and contributing to a roughly 2% drop in BA shares. The Starliner program aims to be the second vehicle to reach the ISS before its 2030 retirement. Separately, Air Canada is refreshing its fleet’s cabins with 2029 service rollout. Analysts remain bullish on BA, with a Strong Buy consensus (15 Buys, 1 Hold) and an average target of $274.14, about 28% upside, after BA rose ~2.7% over the past year.
An FBI warning highlights Kali365, a low-cost cyberattack kit that can capture OAuth tokens to bypass MFA, potentially compromising Microsoft services like Teams, Outlook, and OneDrive. Despite the threat, Microsoft shares jumped roughly 4% as investors weigh Microsoft's gaming strategy and upbeat analyst sentiment (Strong Buy with a $556.88 target, about 25% upside).
Quantum stocks jumped after the U.S. government moved to award $2 billion in CHIPS Act funds to nine quantum companies, with IBM slated to receive the largest share and to co-fund a new quantum foundry called Anderon. The funds spurred rallies across peers such as QBTS (D-Wave), RGTI (Rigetti), INFQ (Infleqtion) and others, illustrating renewed investor enthusiasm amid government backing, even as the sector remains volatile and long-term profitability remains uncertain.
Micron Technology's stock climbs after Samsung reaches a last-minute labor deal averting an 18-day strike that could disrupt memory-chip supply. A surge in demand for high-bandwidth memory for AI data centers helps the sector, with Micron reporting record Q2 revenue of $23.9 billion, EPS $12.07, and near doubling of gross margins as new plants come online. Wall Street shows a Strong Buy consensus, with an average target of about $657 per share, implying some downside from current levels.
OpenAI is expected to file for an IPO in the coming days or weeks, with Goldman Sachs and Morgan Stanley reportedly drafting the filing and potentially submitting it as soon as Friday. The move would mark a high-profile public debut for the Microsoft-backed AI leader behind ChatGPT, amid rising AI infrastructure costs and ongoing listings chatter around rivals like Anthropic and SpaceX/xAI, and follows recent legal developments related to Elon Musk’s suit against OpenAI.
Taiwanese prosecutors detained three suspects in a $2.5 billion Nvidia chip-smuggling case tied to Super Micro Computer (SMCI), alleging SMCI servers with Nvidia chips were sold to China using falsified documents; U.S. authorities had previously charged SMCI employees and a contractor for evading export controls. SMCI says the conduct violates its policies and has paused two employees and terminated a contractor. The move comes as the stock had jumped about 9% the prior day, with analysts rating it Hold and an average target near $34.82, signaling modest upside.
U.S. stocks climbed as Brent crude slid over 5% on a big inventory draw, with SPY and QQQ closing higher and Nvidia beating revenue and EPS estimates (also raising its dividend). Semis like AMD, INTC, and MU joined the rally, while Intuit fell on layoffs. Fed minutes hinted policymakers may favor higher rates if inflation stays above target.
U.S. equities faced selling pressure as long‑term yields rose on elevated inflation expectations, with SPY and QQQ finishing lower as the 30‑year yield hit 5.17% and the 10‑year climbed to 4.66%. Rate‑cut odds for 2026 dropped to about 0.6%. A Bank of America survey showed 66% of fund managers expect the 30‑year yield to exceed 6% over the next year, reinforcing the negative impact of higher yields on equities by raising discount rates. Nvidia is set to report after the close, Alphabet slipped despite Google I/O updates, and analysts lifted price targets on Micron and SanDisk.
A rising wave of local resistance and power constraints threatens AI data-center expansion in the U.S., potentially slowing capacity growth for Nvidia, Microsoft, and Alphabet as towns block or delay projects and costs rise, even as AI remains a major growth theme and the big players maintain strong balance sheets.
Dell’s stock fell despite reporting 1,000 new AI Factory customers last quarter, bringing its AI client base to about 5,000 as enterprises move AI workloads in-house; the company is pushing in-house AI with the Deskside Agentic AI and partnering with Google, Palantir and SpaceX, while analysts rate the stock a Moderate Buy with an average target of $218.87, implying about 7.3% downside.
President Trump says he should have asked for more from the U.S. government’s investment in Intel, a remark that followed INTC’s stock decline after the deal's announcement, though the move has boosted Intel’s cash flow and credibility. The piece notes Intel’s recent rally and Lip-Bu Tan’s comment that the CPU remains a foundational AI-era technology, and recalls how Omni-Path almost died but was saved by Cornelis Networks, giving Intel a foothold against Nvidia. Analysts’ consensus remains Hold with a target around $87, implying roughly 25% downside from current levels as investors weigh the investment’s strategic value amid the AI-chip race.
U.S. stocks fell as oil prices climbed and hotter inflation kept rate-cut hopes in check, while Goldman Sachs’ Dominic Wilson warned the rally may be followed by a more volatile, balanced-risk environment. He cautioned that another Iran-related escalation or sustained higher oil could push rates up and weigh on growth, even as AI-related momentum keeps some sectors buoyant.
Stocks closed lower as CME FedWatch showed 0% odds of a year-end rate cut, sending yields higher and triggering a bond selloff. Morgan Stanley warned of a potential equity correction, while President Trump said he would delay a planned attack on Iran."
Take-Two's stock edged higher despite new GTA 6 price leaks suggesting a US price up to $115 (€69.90-€99). Leaks come as some retailers opened pre-orders; the price is not confirmed. CEO Strauss Zelnick indicated ads in games and suggested the company may avoid releasing titles above about $80, implying a potential cap on pricing. On the day, TTWO rose slightly while remaining down about 5.5% year-to-date; volume was around 1.04 million shares, below the three-month average. Wall Street remains bullish with a Strong Buy consensus and a $294.75 target, signaling roughly 21% upside.