Tag: Jumped

Why 3M Stock Jumped Today

Shares of 3M (NYSE: MMM) were popping today after the industrial conglomerate announced a surprise change in its leadership. The company, which makes everything from Scotch tape to medical equipment, said William Brown will be its new CEO, effective May 1, replacing Michael Roman, who will transition to the executive chairman position. Investors responded well […]

Why Super Micro Computer Stock Jumped 64% in February

Super Micro Computer (NASDAQ: SMCI) was a big winner last month. The maker of storage and server systems that are highly valued for artificial-intelligence applications continued to climb after reporting a blowout earnings report late January and benefited from strong quarterly results from Nvidia, a key supplier. According to data from S&P Global Market Intelligence, […]

Why AMD Stock Jumped Again Today

Advanced Micro Devices (NASDAQ: AMD) recorded another day of strong gains in Friday’s daily trading. The semiconductor company’s share price closed out the session up 5.3%, according to data from S&P Global Market Intelligence. While there wasn’t any business-specific news for AMD, its share price surged in conjunction with the latest bullish indicators for AI […]

Why Plug Power Stock Jumped This Week, but Dropped Friday Morning

Plug Power (NASDAQ: PLUG) stock was having a banner week, at least through Thursday. The stock had soared by more than 20% heading into the company’s fourth-quarter earnings report Friday morning. But shares plunged after the market got a look at that report. Still, as of late Friday morning, Plug Power stock was trading about […]

Why Applied Materials Stock Just Jumped 7%

Applied Materials (NASDAQ: AMAT) shares are moving higher Friday morning, up 6.7% through 10:20 a.m. ET after the manufacturer of equipment for semiconductors production reported better-than-expected Q1 2024 sales and earnings last night. Heading into earnings day, analysts had forecast Applied Materials would earn $1.91 per share on sales of $6.5 billion. Applied beat both […]

Why Super Micro Computer Stock Jumped 5% on Monday

Shares of Super Micro Computer (NASDAQ: SMCI), a provider of high-performance server solutions for the artificial intelligence (AI) industry, were up by around 5% as of 1:30 p.m. ET on Monday after Northland Capital Markets analyst Nehal Chokshi raised his price target on Supermicro stock by nearly 50%. What Chokshi said To be precise, Chokshi […]