Hedge funds cut exposure to the mega-cap tech stocks: Goldman
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- Wall St set to gain on tech rebound, Middle East in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- Oil drops as Trump cancels planned strikes against Iran
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
Netlist (NLST) awarded $445m in patent infringement trial against Micron (MU)
May 24, 2024 8:54 AM EDTNetlist (OTC: NLST) has secured a $445 million damages award in a patent infringement case against Micron Technology (NASDAQ: MU), including its subsidiaries Micron Semiconductor Products and Micron Technology Texas LLC.
The verdict, delivered by a... More
Raymond James Reiterates Outperform Rating on Marvell (MRVL)
May 24, 2024 8:12 AM EDTRaymond James analyst Srini Pajjuri reiterated an Outperform on Marvell (NASDAQ: MRVL).
The analyst comments "We are looking for slight upside to F1Q and largely in-line F2Q outlook. Data Center appears to have fared slightly better driven by Optical Connectivity and a gradual recovery... More
RBC Capital Reiterates Outperform Rating on S&P Global (SPGI)
May 24, 2024 6:17 AM EDTRBC Capital analyst Ashish Sabadra reiterated an Outperform rating and $500.00 price target on S&P Global (NYSE: SPGI).
The analyst comments "We hosted virtual investor group meetings with the Divisional Presidents of Indices, Commodity Insights, and Market Intelligence, where all leaders highlighted strong... More
Apple: iPhone shipments seen falling until iPhone 16 launch later in the year
May 23, 2024 6:20 AM EDTAccording to data from Counterpoint Research, Apple (NASDAQ: AAPL) iPhone shipments are seen falling until the iPhone 16 is launched later in the year.
The firm said that in Europe, smartphone shipments finally resumed growth in the first quarter of 2024, although they are cautiously optimistic for the year... More
Tesla (TSLA) European sales decline to lowest since January 2023
May 22, 2024 8:46 AM EDTData from the European Automobile Manufacturers' Association showed Tesla (NASDAQ: TSLA) sales in Europe fell to a 15-month low.
The electric vehicle giant registered just 13,951 vehicles in April, the European Automobile Manufacturers' Association said. This represents a 2.3% decline from a year ago and... More
