Investing.com -- Micron Technology (NASDAQ: MU) stock fell 3.2% on Monday following reports that rival Samsung Electronics will begin mass production of next-generation high-bandwidth memory chips earlier than expected.
The South Korean tech giant plans to start large-scale production of HBM4 chips as early as this month for use in Nvidia’s (NASDAQ: NVDA) artificial intelligence processors, according to South Korea’s Yonhap news agency. Samsung has reportedly passed... (continue reading...)
Investing.com -- Monday.com (NASDAQ: MNDY) shares plunged over 12% premarket after the AI work platform provider issued fiscal 2026 revenue guidance below analyst expectations, overshadowing solid fourth quarter results that beat estimates.
The company reported fourth-quarter adjusted earnings of $1.04 per share, exceeding analyst estimates of $0.92. Revenue reached $333.9 million, up 25% YoY and ahead of the $329.51 million consensus. However, investors focused on the... (continue reading...)
Investing.com -- DA Davidson upgraded Oracle to Buy from Neutral, maintaining a price target of $180 per share in a note on Monday, arguing that the biggest overhang on the company, its exposure to OpenAI, is easing.
Analyst Gil Luria now believes “a revamped OpenAI will return to its position as Google’s top challenger,” adding that a stabilised organisation with fresh capital should “live up to its obligations this year, including to Oracle.”
Luria stated that the... (continue reading...)
Investing.com -- Novo Nordisk (CSE:NOVOb) shares rose sharply on Monday after telehealth company Hims Hers Health (NYSE: HIMS) pulled its newly launched $49 compounded weight-loss pill over the weekend, following legal pressure from the Danish drugmaker and the U.S. Food and Drug Administration (FDA).
Shares in Novo surged more than 8% in Copenhagen trading by 04:48 ET (09:48 GMT), while its U.S.-listed shares jumped 6.5% in premarket trading.
Hims Hers, meanwhile,... (continue reading...)
Investing.com -- Alibaba’s AI chatbot Qwen has temporarily suspended issuing shopping coupons after being overwhelmed by a surge in demand, disrupting a fresh push to position the tool as more than just a question-and-answer assistant.
U.S.-listed shares of Alibaba (NYSE: BABA) fell about 1% in premarket trading.
The chatbot started distributing coupons on Friday that enable users to complete purchases within Alibaba-owned retail platforms directly through chatbot... (continue reading...)
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