Adobe, Intel, Virgin Galactic rise premarket; SoFi Technologies falls

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Go back to Adobe, Intel, Virgin Galactic rise premarket; SoFi Technologies falls

Virgin Galactic (SPCE) adds to gains ahead of first commercial spaceflight

June 20, 2023 2:30 PM EDT

Virgin Galactic Holdings (NYSE: SPCE) is adding to recent gains following news last week that the company's first commercial spaceflight, Galactic 01, is planned to fly between June 27 and June 30, 2023.

Shares are up 23% on Tuesday after gaining 17% on Friday following the late Thursday announcement.... More

AI is extending visibility for NVIDIA (NVDA) - Jefferies

June 20, 2023 9:58 AM EDT

Buy-rated NVIDIA's (NASDAQ: NVDA) price target was lifted to $500 from $472 per share by Jefferies analyst Mark Lipacis in a note to clients Tuesday.

The firm hosted NVDA's CFO, Colette Kress, at the Nasdaq Conference. The analyst told investors that artificial intelligence (AI) is extending visibility for Nvidia and creating a software opportunity... More

UK regulator clears Amazon's (AMZN) $1.7bn iRobot acquisition

June 16, 2023 12:19 PM EDT

On Friday, the U.K. Competition and Markets Authority (CMA) announced that Amazon's (NASDAQ: AMZN) plan to acquire iRobot Corp for $1.7 billion has been approved.

In April, the regulator began an investigation into the takeover of Roomba maker. After their... More