Lumentum (LITE) stock surges 10% after announcing $2B quarterly revenue target and major optical circuit switch win. Stifel maintains $800 price target.
Browsing: Stocks
The Trump administration defends Pentagon’s blacklisting of Anthropic in court, citing national security concerns over the AI firm’s safety restrictions.
Nvidia CEO Jensen Huang calls OpenClaw ‘the next ChatGPT’ at GTC, launching NemoClaw. Chinese AI stocks surge 14% while NVDA edges slightly lower.
DocuSign (DOCU) receives price target cuts from Citizens and Wells Fargo amid revenue growth worries, despite Q4 earnings beat and strong IAM performance.
Tesla (TSLA) stock climbed 0.6% after Elon Musk confirmed the March 21 launch of Terafab, a chip factory in Austin designed to meet future AI and robotics demand.
Samsung stock jumped 7.5% after revealing Tesla AI6 chip production plans at Texas plant from H2 2027 and signing AMD HBM4 memory partnership deal.
RBC Capital downgrades Starbucks (SBUX) to Sector Perform, citing higher labor costs and unclear margin path. Stock down 0.9% despite 16% YTD gains.
Gemini (GEMI) stock crashed to new lows after Citi downgraded to Sell with $5.50 target, forecasting $263M loss in 2025 and red ink through 2029.
Amazon (AMZN) CEO doubles AWS revenue forecast to $600B on AI momentum, but projected growth trails current rate. Stock gains modest after announcement.
Jabil (JBL) exceeds Q2 expectations with $2.69 EPS and $8.3B revenue, driven by cloud demand. Company raises FY2026 guidance significantly.
Apple (AAPL) slashes App Store fees to 25% in China as CEO Tim Cook visits Chengdu. Regulators push for more changes as iPhone 17 gains traction.
JPMorgan picks Shell, TotalEnergies, Eni, and Galp as top oil stocks as Brent crude tops $104 amid Iran conflict and Strait of Hormuz shipping disruptions.
TotalEnergies (TTE) stock advances following bullish analyst updates. TD Cowen upgrades to Buy with $97 target, citing strong free cash flow prospects.
Macy’s (M) stock rallied 9% after Q4 earnings topped estimates at $1.67 per share, though full-year guidance fell short on tariff worries.
Palladyne AI (PDYN) stock surged 13% after GuideTech won a Navy contract to develop the ALRRM near-hypersonic missile capable of exceeding Mach 4.0 speeds.