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Micron Stock Slumps After Downgrade. Why the Analyst Fears the Consumer.

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Text size Dreamstime Micron Technology stock was slumping in premarket trading Friday after the memory chip manufacturer received the first Sell-equivalent rating since February. Piper Sandler analyst Harsh Kumar downgraded Micron (ticker: MU ) to Underweight from Neutral on Friday, citing concerns over the company’s oversize exposure to consumer markets that will struggle amid macroeconomic … Read more

Qualcomm stock rallies more than 6% as handset sales drive record results, strong outlook

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Qualcomm Inc. shares rallied in the extended session Wednesday after the chip maker’s record quarterly results and strong outlook blew past Wall Street estimates and the company assured analysts that demand continues to outstrip supply. Qualcomm QCOM, + 1.20% said it expects adjusted earnings of $ 2.75 to $ 2.95 a share in the third … Read more

Microsoft beats on earnings after raising prices for Office; stock jumps after strong forecast

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Microsoft Corp. eclipsed profit and sales estimates and produced stronger-than-expected revenue across all of its business segments in an earnings report Tuesday, and shares jumped after executives’ forecast beat estimates as well. Microsoft MSFT, -3.74% reported fiscal third-quarter earnings of $ 16.73 billion, or $ 2.22 a share, up from $ 2.03 a share a … Read more

Nvidia Stock Is Downgraded. China and Russia Are Headwinds.

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Text size Dreamstime Nvidia shares were falling on Monday after the stock was downgraded by a Baird analyst, who cited concerns over slowing consumer demand exacerbated by the Russian embargo. Nvidia (ticker: NVDA ) stock was down for its fifth consecutive day on Monday, losing 5.4% to $ 218.61. The stock has lost 19.8% over … Read more

UiPath Stock Sinks as Revenue Outlook Below Forecasts

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Text size Courtesy UiPath UiPath shares were sinking in premarket trading Thursday after the robotic-process automation software company reported a wider-than-expected loss in the fourth quarter and issued a first-quarter revenue forecast that also was below Wall Street expectations. UiPath (ticker: PATH) posted a loss of 12 cents a share in the quarter vs. analysts’ … Read more

Nvidia Stock Is Rising. There’s a New Street-High Price Target.

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Text size Nvidia headquarters Justin Sullivan / Getty Images Nvidia stock edged higher Tuesday after a Tigress Financial Partners analyst raised his price target for chip maker to a new Wall Street high. Tigress analyst Ivan Feinseth increased his target price for Nvidia (ticker: NVDA ) stock to $ 410 from $ 400 and reiterated … Read more