Earnings miss leaves shares facing a tougher technical setup
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Revenue rose 19% and procedures grew 16%, but held guidance
(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe
Tech stocks were falling late Friday afternoon, with the State Street Technology Select Sector SPDR
The sharp rally in AI chipmakers is beginning to lose momentum. Investors are questioning whether hyperscalers can make returns that justify their massive investments, with some quietly preparing for a slowdown in the nearly $1 trillion AI spending cycle. According to UBS estimates, hyperscalers’ capex will rise 76% this year to $673 billion, but will […]
Alcoa shares tumble as management cuts full-year alumina production guidance. But should you load up on AA stock on the post-earnings dip?
Silbermann liquidated 93,750 shares via a pre-planned trading arrangement, reducing his indirect equity stake by 87% while maintaining over 1.2 million derivative securities.
The Dow fell 0.6%, or 326 points. The Nasdaq was down 1.3%, while the S&P 500 was off 1%. The PHLX Semiconductor Index was down 1.4%, after falling 5.7% earlier in the session—and briefly climbing into positive territory.
ISRG beats second-quarter earnings and revenue estimates, but shares fall after hours as procedure growth slows sequentially despite strong placements.
LMT expands missile production under new U.S. agreements as rising air and missile defense demand supports long-term growth prospects.
Insurance carriers need more proof that paying today’s GLP-1 drug prices will create “enough downstream savings,” assuming that people are healthier long term.
The CEO of the largest bank in the U.S. minimized concerns about AI’s impact on jobs.
Apple filed a trade secrets lawsuit against OpenAI last Friday, and it’s not messing around. The complaint alleges a pattern of misconduct reaching all the way up to OpenAI’s chief hardware officer and claims more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully hedged, and the timing couldn’t be worse with the company reportedly eyeing an IPO […]
By Daniel Wiessner July 17 (Reuters) - A U.S. judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were
AI stocks have come under heavy selling pressure in the stock market, but biotechs are still catching a bid among institutional investors.
The Philadelphia semiconductor index, known as SOX, fell into bear market territory on Friday but chip stocks later rebounded.
Missed the SpaceX IPO? Here's your chance to buy SpaceX stock even cheaper.
Analysts say the streaming giant’s latest results did little to resolve investor concerns over slowing revenue growth and subscriber momentum.
Revenue rose 19% and procedures grew 16%, but held guidance
AI spending fears rattled chip stocks all week long. Meanwhile, an insurance company quietly saved the Dow from a worse fate.
Trump regularly uses Truth Social to announce market-moving news.
The stock slipped further below its IPO price after Thursday's test flight was called off.
SpaceX rescheduled Starship's 13th test flight for Monday after Thursday's launch attempt was aborted because several Raptor engines failed to start.
SpaceX didn't launch on Thursday -- and that's OK.
AST SpaceMobile shares have dropped over 18% amid a broader space stock selloff tied to SpaceX's decline, a convertible notes offering, and a consensus Reduce rating from analysts.
The Dow was down 0.3%, or 155 points. Moonshot AI launched Kimi K3, an open-source model that, which the company said outperforms some of the top U.S. models from Anthropic and OpenAI. "Kimi-k3 is this quarter’s DeepSeek moment," Futurum CEO Daniel Newman said.