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News
IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL
6+ mon, 2+ week ago (201+ words) Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a programming language run on IBM systems. IBM…...
Adobe Stock Jumps 4.2% as Investors Reassess the AI Software Trade
45+ min ago (358+ words) Adobe rose to $262.83 as investors rotated toward software, while AI-first ARR surged more than 150% in the latest quarter. Oops, something went wrong U.S. markets close in 47m Adobe Stock Jumps 4.2% as Investors Reassess the AI Software Trade This article first appeared on…...
AI Warning Sends Nvidia, AMD, Micron and Intel Shares Tumbling
42+ min ago (177+ words) Nvidia (NASDAQ:NVDA) and other major semiconductor stocks moved lower Monday as investors weighed calls from AI executives for a more measured approach to developing advanced systems. Nvidia fell 2% in morning trading, while Micron Technology (NASDAQ:MU) dropped 5%. Advanced Micro…...
Nvidia Stock Drops. It’s Still the Best Chip Bet in an AI Slowdown.
1+ hour, 25+ min ago (69+ words) Nvidia stock falls with Broadcom and AMD on the prospect of an AI slowdown but it could be better shielded than its peers. Oops, something went wrong U.S. markets close in 1h 2m Nvidia Stock Drops. It’s Still the Best Chip Bet in…...
Micron Stock Sinks Again. What AI Safety Fears Mean for Memory Chips.
1+ hour, 16+ min ago (58+ words) Micron stock falls on concerns that AI bosses will pull back on spending but worries could be overdone. Oops, something went wrong U.S. markets close in 1h 2m Micron Stock Sinks Again. What AI Safety Fears Mean for Memory Chips. Micron stock falls…...
Why Pay More For Stryker When BSX Stock Is On Sale?
8+ hour, 35+ min ago (444+ words) A medical device giant now costs more than its faster-growing rivals, forcing investors to decide if its premium price tag is buying durable quality or just yesterday's story. In the world of medical technology, investors pay 18.8 times operating income for…...
Netflix Shares Jump After Evercore Raises Price Target To $110
1+ hour, 34+ min ago (120+ words) Netflix Stock Rallies As Analyst Raises Target, Points To Stronger Subscriber Trends Netflix (NASDAQ:NFLX) shares climbed about 3.5% Monday after Evercore ISI lifted its price target on the streaming company to $110 from $100, while maintaining an Outperform rating. Evercore cited improving…...
Nvidia Falls 3.5% While Quantum Software Claims a Sevenfold Research Speedup
1+ hour, 36+ min ago (226+ words) The reported improvement concerns architecture development, not a sevenfold increase in quantum-computer performance. Oops, something went wrong U.S. markets close in 1h 20m Nvidia Falls 3.5% While Quantum Software Claims a Sevenfold Research Speedup This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA), the…...
Chewy Leverages AI for Productivity Gains and Margin Expansion
10+ hour, 13+ min ago (326+ words) Shares of this Zacks Rank #1 (Strong Buy) company have lost 18.6% in the past six months against the industry's growth of 13.3%. From a valuation standpoint, CHWY trades at a forward price-to-earnings ratio of 20.90, slightly higher than the industry's average of 20.87. The…...
Dow Jones Futures: Fed Meeting Ahead; Anthropic's Amodei, OpenAI's Altman, SpaceX's Musk Call For AI Slowdown
1+ day, 7+ hour ago (62+ words) Anthropic's Dario Amodei, OpenAI's and SpaceX's Elon Musk say they want an AI slowdown. Will they? The Fed looms as well. Oops, something went wrong Dow Jones Futures: Fed Meeting Ahead; Anthropic's Amodei, OpenAI's Altman, SpaceX's Musk Call For AI…...