Medtronic (NYSE: MDT) stock slipped 2.8% through 10:15 a.m. ET this morning despite beating earnings forecasts in its fiscal Q4 2024 earnings report. Heading into earnings, analysts had the medical devices company pegged for a $1.45 per-share profit, but Medtronic “beat” by a penny, reporting $1.46 instead. Similarly, Medtronic exceeded expectations for $8.4 billion in […]
Bitcoin mining difficulty fell about 6% last week, the report said. The broker noted that bitcoin miners with the lowest costs have increased market share since the halving. Bernstein said a pause in the bitcoin rally is good for lower cost miners as hashrates remain capped. Bitcoin {{BTC}} mining difficulty fell around 6% last week […]
One of the biggest catalysts propelling the market higher over the past year or so has been the advent of artificial intelligence (AI). Businesses and market watchers alike agree that the potential for productivity increases could boost profits, benefiting enterprises and shareholders alike. Investors are also waiting on the edge of their seats for insight […]
The semiconductor industry has seen a flurry of activity over the past year or so. There has been generally positive momentum for stocks in the space, thanks in large part to recent developments in artificial intelligence (AI). The rise of these advanced algorithms is dependent on the most advanced processors, providing a lift for the […]
It’s been a rather choppy day in the cryptocurrency world. The entire crypto market is down 3.9% over the past 24 hours, as of 3 p.m. ET, with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) leading the way lower. These three major tokens have declined 4.5%, 5.1%, and 7% over the same […]
It’s clear that a couple of forces have been propelling the markets higher over the past year or so. Recent developments in the field of artificial intelligence (AI) helped kick-start a bull market last year, as the technology promises to unleash a tidal wave of productivity increases. Market watchers are also keen to know when […]
On the heels of a remarkable rally, shares of server and storage-solution specialist Super Micro Computer (NASDAQ: SMCI), also known as Supermicro, have been taking a breather. It has gained roughly 700% over the past year, but gravity might have finally caught up with the company. The stock shed as much as 10.1% on Wednesday. […]
New inflation data has the stock market showing red today. But it was especially bad news for some companies, and Plug Power (NASDAQ: PLUG) is one of them. That’s why Plug shares plunged as much as 10.7% Tuesday morning. As of 11:30 a.m. ET, Plug Power shares remained down by 9.7%. Today’s action reverses what […]
Shares in UPS (NYSE: UPS) declined by 10.6% in the week to Friday morning, according to data provided by S&P Global Market Intelligence. There are no prizes for guessing why. The company’s fourth-quarter earnings report left investors feeling underwhelmed on Tuesday after management gave lackluster guidance for 2024 and warned investors it’s likely to get worse before it gets better. […]
Tesla (TSLA) stock has slumped early in 2024, after doubling last year, ahead of fourth-quarter earnings and revenue as analysts have revised lower profit estimates in the final months of 2023. X On Jan. 2, Tesla reported that deliveries in the fourth quarter exceeded Wall Street predictions, with the global EV giant selling a record-setting […]
When a stock pundit increases their price target on a company’s shares, they tend to rise at least modestly in price. Unfortunately for stockholders of storied tech hardware company Intel (NASDAQ: INTC), the opposite occurred on Thursday — their company lost 0.4% of its market value following the move. That, however, more or less matched […]
Shares of Intel (NASDAQ: INTC) tumbled to kick off the new year, falling as much as 5.6%. As of 3:35 p.m. ET, the stock was down 5.19%. Part of what dragged the semiconductor company down was the stock market’s broader decline to start the year. A Wall Street analyst also added fuel to the fire. […]