Super Micro Computer plunges 56% from its 52-week high, but rising inventory, cash flow strain and tougher AI competition raise fresh questions for investors.
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Hunterbrook attacked Bloom Energy in a report, alleging the company downplayed its reliance on Chinese supply chains for scandium oxide, a key input for its fuel cells. Shares fell as much as 12% before a rebound.
Investing.com -- HSBC downgraded IBM to Reduce from Hold and cut its price target to $191 from $231 in a note on Tuesday, arguing that a basket of IBM's peers offers superior earnings potential for the same investment.
Gold rose off an eight-month low early on Tuesday as the U.S. dollar and yields weakened after the c
IBM just logged its worst single-session collapse in nearly four decades, and the shockwaves are already hitting Microsoft, ServiceNow, and the broader software sector in ways that raise an uncomfortable question about where enterprise spending is actually going.
Bond yields dropped sharply and Nasdaq futures climbed after a cooler-than-expected inflation report this morning. Futures for the S&P 500 and Nasdaq-100 index rose, while those tied to the Dow industrials edged lower.
Investing.com -- KeyBanc Capital Markets downgraded Apple to Underweight from Sector Weight in a note on Tuesday, setting a price target of $250 per share, citing weakening hardware demand data and concerns about 2027 growth expectations.
The energy giant will sell its stake in Sprng Energy to Aditya Birla Renewables, which counts the BlackRock-owned Global Infrastructure Partners as a minority owner.
Industrial distributor Fastenal reported second-quarter earnings per share of 33 cents, in line with Wall Street estimates.
The Swiss competition authority announced Tuesday it had opened a preliminary investigation into Google's removal of the "choice screen" feature on Android devices in Switzerland."Recently, Google removed this feature in Switzerland," the Secretariat of the Competition Commission (COMCO) said in a statement.
BBAI has pulled back sharply as investors weigh AI growth opportunities against slower revenue growth and ongoing profitability challenges.
(Bloomberg) -- Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoO
Shares could soon look “too expensive,” KeyBanc’s Brandon Nispel warns as he cuts his rating for the iPhone maker.

Apple's lawsuit against OpenAI shows how important AI devices will be for the iPhone maker.
Tech stocks faced downward pressure Tuesday as disappointing preliminary results from IBM (NYSE:IBM) rippled across the sector, pulling shares of major software companies lower. Following IBM’s update, investors reacted sharply to the cooling sentiment in the broader software space: Accenture (NYSE:ACN): Fell 8% ServiceNow (NYSE:NOW): Dropped 6% Workday (NASDAQ:WDAY): Declined 5% Salesforce (NYSE:CRM): Slipped 5% The decline is rooted in a fundamental shift in enterprise capital expenditure (cap
Stock Market Today: The Dow Jones index dropped Tuesday ahead of the June CPI inflation report. IBM stock plunged 23% on earnings.
Shares of IBM are sliding before the market open on Tuesday as the company provided preliminary second-quarter results that are below Wall Street's expectations. International Business Machines said that it anticipates a quarterly adjusted profit of $2.93 per share on revenue of $17.2 billion. CEO Arvind Krishna said in a letter to investors that the company's software and infrastructure performance shortfall during the quarter was due to clients shifting their spending toward servers, storage, and memory purchases before anticipated price increases.
(Bloomberg) -- Apple Inc. received a rare bearish rating as KeyBanc Capital Markets downgraded the stock to underweight, citing concerns over both demand and valuation.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With App
The disposition follows a 295% surge in the stock price over the past year.
CEOs at Casey's, Rocket Lab and RH sold millions in shares recently, but context suggests the moves reflect diversification rather than clear bearish signals for investors.
Apple hit an all-time stock high after it filed one of its most aggressive lawsuits in years, and the market barely flinched. That disconnect between price and risk is exactly what most investors are not pricing in right now.
Investing.com --IBM’s preliminary second-quarter results delivered a gut punch to investors, sending the stock down 19% on Tuesday morning as a massive, industry-wide shift in hardware capital expenditure (capex) cannibalized the company’s high-margin software business.
IBM stock plunged after an unexpected pre-earnings warning.
IBM stock plunged after an unexpected pre-earnings warning.
IBM stock plunged after an unexpected pre-earnings warning.
IBM stock tumbled after the company published its earnings ahead of schedule and acknowledged a "disappointing" quarter.
Stock futures pointed in different directions Tuesday as rising energy prices, bank earnings, and key inflation data competed for investor attention
Circle Internet Group (NYSE:CRCL) shares fell 0. 7% in premarket trading after Mizuho downgraded the stock to Underperform, citing growing competitive pressures that could weigh on the company’s long-term revenue outlook.