IREN stock jumped over 4%, mirroring gains at other neocloud companies like CoreWeave and Nebius following strong Nvidia earnings and guidance. Shares climbed to $43.25, but this rally will be put to the test when the company publishes its own earnings later today. IREN’s revenue to drop on Bitcoin sell-off as pivot to AI continues
Micron stock has slumped sharply in the past few months, falling from the year-to-date high of $1,257 in June to the current $932. This retreat has happened despite its strong performance as the AI boom gains steam. This article explores what to expect as Nvidia publishes its financial results. Nvidia earnings to have an impact
Workday stock will be in the spotlight on Thursday as the blue-chip software company publishes its financial results, which will provide the management an opportunity to comment on the acquisition rumors. WDAY was trading at $194 on Wednesday, down modestly from the year-to-date high of $227. Workday earnings to provide color on its growth Workday
Zoom Video stock suffered a big reversal this week, ending the recent bull run that pushed it to the highest level in months. It dropped by nearly 4% on Tuesday, and then by 5.7% in the premarket session. It reached a low of $95, down by nearly 15% from its highest point this year. Zoom
SpaceX stock (SPCX) fell around 1% Wednesday, extending a choppy stretch in which the stock has closed lower in six of the past nine sessions. Analysts, however, see the company’s planned Louisiana expansion as a potentially significant source of upside. Morgan Stanley sees launch capacity upside Morgan Stanley analyst Adam Jonas reiterated an Overweight rating
Celestica stock has slumped and moved into a bear market this month as traders react to its earnings report and a major dilution event. CLS tumbled to C$407, down by nearly 40% from its highest point this year. This retreat may continue in the near term as focus remains on the ongoing AI growth. Celestica
CrowdStrike shares have retreated over the past few weeks, sliding from their year-to-date high of $227.25 to $190.68. Even with this pullback, the stock remains well above its year-to-date low of $85.65. Attention now turns to the company’s upcoming earnings report, which should offer more clarity on how the business is performing. CrowdStrike to publish
Alibaba stock price dropped sharply in Hong Kong, reaching its lowest level since July 30th, as traders reacted to its earnings report and its plan to dilute shareholders. It plunged to H$111, down substantially from this month’s high of H$130.1. It has slumped by over 40% from its highest level last year. Alibaba stock dropped
Intuit stock has jumped in the past few weeks, mirroring the performance of most software companies, as investors buy the dip. INTU jumped to $367, its highest level since May 20th this year, and 46% from the lowest level this year. This rally will be put to the test as the company publishes its financial
Marvell Technology stock peaked at $252 last week after announcing a major $12 billion deal with Google. It then pulled back to $230 as investors sold the news and waited for the upcoming earnings report, which will provide more information about its business. So, is MRVL a good buy or sell ahead of earnings? Marvell