Wall Street ticks higher, but chip stocks tumble
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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Needham & Company Reiterates Hold Rating on Intel (INTC) Following 3Q Beat
October 25, 2019 7:55 AM EDTNeedham & Company analyst N. Quinn Bolton reiterated a Hold rating on Intel (NASDAQ: INTC) following the company's 3Q report. 3Q19 revenue of ~$19.2bn set a quarterly record, beating guidance by ~$1.2bn; record revenue came from DCG, NSG, IOTG and Mobileye.
INTC guided 4Q19... More
Thermo Fisher Scientific (TMO) PT Raised to $331 at Needham & Company
October 24, 2019 6:57 AM EDTNeedham & Company analyst Stephen Unger raised the price target on Thermo Fisher Scientific (NYSE: TMO) to $331.00 (from $321.00) while maintaining a Buy rating.
The analyst commented, "We are updating our financial model for TMO following yesterday's release of 3Q19 results. We have raised our 2019 EPS estimate... More
