Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck’s CEO. “Semiconductors have become the heart of the AI trade,” Jan van Eck told CNBC’s “ETF Edge” this week. His firm’s VanEck Semiconductor ETF (SMH), which tracks 25 of the biggest chipmakers in the country, is up … Read more
Check out the companies making headlines in premarket trading. Boeing — Shares of the aerospace giant rose more than 2% after the company announced CEO Dave Calhoun was stepping down at the end of the year. Board Chairman Larry Kellner is also resigning. Masimo — Shares soared nearly 12% following the medical technology company’s announcement … Read more
Check out the companies making headlines in midday trading. Nvidia — Nvidia reversed higher to gain more than 1% after the artificial intelligence chipmaker unveiled its widely anticipated next-generation chips. Several Wall Street firms boosted their price targets on Nvidia in the wake of the event. The company plans to roll out the first iteration … Read more
Check out the companies making headlines in midday trading. Crypto stocks — Stocks whose performance is tied to the price of bitcoin rose as the cryptocurrency pushed to another record for the third day in a row. Crypto exchange Coinbase gained roughly 3% and bitcoin proxy MicroStrategy surged nearly 10%. In the crypto mining sector, … Read more
Check out the companies making headlines in midday trading. Bally’s — Shares soared more than 25% after hedge fund Standard General made a buyout proposal valuing the casino operator at $15 per share. That’s 41.2% higher than where the stock finished last week. Oracle — Shares added 1.6% ahead of the software giant’s fiscal third-quarter … Read more
Check out the companies making headlines in midday trading. Apple — Apple dropped about 3%. Counterpoint Research said that iPhone sales in China sank 24% during the first six weeks of 2024 versus the same period a year ago. Target — Target surged nearly 12% after the retailer topped Wall Street’s fourth-quarter estimates . The … Read more
Check out the companies making the biggest moves in premarket trading: Target — Shares of the retailer jumped nearly 8% after a stronger-than-expected fourth-quarter report. Target generated $2.98 in earnings per share on $31.92 billion of revenue. Analysts surveyed by LSEG were looking for Target to earn $2.42 per share on $31.83 billion of revenue. … Read more
Check out the companies making headlines in midday trading. Spirit AeroSystems — Shares climbed more than 12% following a report that Boeing was in talks with Spirit to reacquire the fuselage supplier nearly 20 years after spinning it off into a separate company. Hewlett Packard Enterprise — The technology stock rose almost 2% after fiscal … Read more
Check out the companies making headlines before the bell. New York Community Bancorp — Shares fell more than 20% after the regional bank disclosed on Thursday evening that it had found issues with its “internal controls.” NYCB also announced a CEO change, effective immediately. Goodrx — Shares added 5.4% after JPMorgan upgraded the digital health-care … Read more
Check out the companies making headlines in midday trading. Semiconductor stocks — Popular semiconductor stocks declined during midday trading, with Nvidia dropping more than 6% ahead of its Wednesday print. Super Micro Computer shed nearly 10% even after Rosenblatt issued a price target at a Street high . Advanced Micro Devices sank about 6%, and … Read more