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Applied Optoelectronics Plunges 13%, Coherent Drops 9%, Lumentum Falls 8%: Has an Optics Valuation Reckoning Begun?
24/7 Wall St.59d agobearish
Applied Optoelectronics Plunges 13%, Coherent Drops 9%, Lumentum Falls 8%: Has an Optics Valuation Reckoning Begun?

Shares of optical and photonics suppliers are tumbling at midday Tuesday, with Applied Optoelectronics (NASDAQ:AAOI) stock leading the decline, down 13% to $149. Coherent (NYSE:COHR) stock is off 9% to $387, while Lumentum (NASDAQ:LITE) stock has slipped 8% to around $825. The selloff is sharp, but it arrives without a fresh company-specific catalyst from Applied ... Applied Optoelectronics Plunges 13%, Coherent Drops 9%, Lumentum Falls 8%: Has an Optics Valuation Reckoning Begun?

Prediction: Chevron Could See a 13% Drop as Oil Slips
24/7 Wall St.59d agobearish
Prediction: Chevron Could See a 13% Drop as Oil Slips

Our Chevron (NYSE:CVX) call is measured. The 24/7 Wall St. price target is $152.52, below the current price of $175.06. That implies downside of roughly 12.88% over the next 12 months. Our recommendation is hold with a confidence level of 90%. Chevron is a high-quality compounder, but at 30x trailing earnings and with WTI sliding, ... Prediction: Chevron Could See a 13% Drop as Oil Slips

AMD and Intel Drop 5%, NVIDIA Slips 3% Amid Korean-Led Chip Selloff Bulls Say Is “Healthy”
24/7 Wall St.59d agobearish
AMD and Intel Drop 5%, NVIDIA Slips 3% Amid Korean-Led Chip Selloff Bulls Say Is “Healthy”

Shares of Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) are leading a sharp midday slide in chip stocks on Tuesday. AMD stock down 5% to $523 while Intel shares are down 5% to $134 amid a broad semiconductor selloff that’s pulling the entire group lower. Meanwhile, NVIDIA (NASDAQ:NVDA) stock is down 3% to $202. The ... AMD and Intel Drop 5%, NVIDIA Slips 3% Amid Korean-Led Chip Selloff Bulls Say Is “Healthy”

Chicago Missed the Tech Boom. Quantum Computing Gives It a Second Chance.
The Wall Street Journal59d agobearish
Chicago Missed the Tech Boom. Quantum Computing Gives It a Second Chance.

CHICAGO—The Lake Michigan docks that once received iron ore for a 20th-century steel mill will accept a new delivery this summer aimed at fueling Chicago’s future: components of a quantum computer. The site of the former U.S. Steel mill, on a lakeside plot on the city’s South Side, is now a construction zone for a quantum-technology campus that local leaders hope will vault Chicago into the next high-tech era and accelerate Illinois’s economic growth. The Illinois Quantum and Microelectronics Park will host one of the largest quantum computing sites in the world, with companies aiming to commercialize technology harnessing the unique powers of nature’s smallest particles to process information in new ways.

Carnival Plunges 6% While Royal Caribbean and Norwegian Tread Water: Here’s Why
24/7 Wall St.59d agobearish
Carnival Plunges 6% While Royal Caribbean and Norwegian Tread Water: Here’s Why

Carnival (NYSE:CCL) stock is under pressure today, falling 6% to $28.41 as investors react to its latest quarterly earnings report. The move stands out against a relatively stable backdrop for peers, with Royal Caribbean (NYSE:RCL) stock down 1% to $306 and Norwegian Cruise Line (NYSE:NCLH) stock up half a percentage point to $20.14. The mixed ... Carnival Plunges 6% While Royal Caribbean and Norwegian Tread Water: Here’s Why

Robinhood stock falls as company unveils $2 billion debt plan
TheStreet59d agobearish
Robinhood stock falls as company unveils $2 billion debt plan

Robinhood (HOOD) markets confirmed plans to sell $2 billion in convertible senior notes due 2029, and the stock dropped 2.2% in premarket trading on the news. A debt sale tied to a stock buyback usually reads as a vote of confidence. The fine print on this one tells a different story about what ...

SpaceX shares tick higher after two-day slump erases $600B
Proactive59d agobearish
SpaceX shares tick higher after two-day slump erases $600B

SpaceX Corp (NASDAQ:SPCX) shares rose 2.5% on Tuesday, offering a partial reprieve after a brutal two-day selloff that wiped more than $600 billion from the rocket and satellite company's market value and marked one of the most dramatic reversals ever seen in a newly listed mega-cap...

Supreme Court Revives Exxon Mobil Lawsuit Against Cuba
The Wall Street Journal59d agobearish
Supreme Court Revives Exxon Mobil Lawsuit Against Cuba

The Supreme Court revived a lawsuit Exxon Mobil Corp. brought against oil companies owned by the Cuban government that seeks $1 billion in damages for the oil refinery and service stations Cuba took from the U.