High-ranking executives at Infleqtion and D-Wave Quantum are selling stock amid a wave of renewed interest in quantum technology.
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Creative software giant Adobe (NASDAQ:ADBE) announced better-than-expected revenue in Q2 CY2026, with sales up 12.7% year on year to $6.62 billion. Guidance for next quarter’s revenue was optimistic at $6.70 billion at the midpoint, 3% above analysts’ estimates. Its non-GAAP profit of $5.96 per share was 2.5% above analysts’ consensus estimates.
The Nasdaq Composite and semiconductor stocks have stumbled after a powerful AI-driven rally. Technical indicators suggest investors should watch several key support levels for signs the selloff is nearing an end.
Energy stocks fell late Thursday afternoon, with the NYSE Energy Sector Index down 0.5% and the Stat
SLM stock plunges 7.6% after management flags elevated charge-offs tied to certain debt resolution practices and warns of pressure on recoveries.
(In first paragraph, corrects number of states challenging indexes to four from five) By Ross Kerber June 11 (Reuters) - Investment leaders from four large states pressed Nasdaq and FTSE Russell for
Broadcom (NASDAQ:AVGO) beat both lines last week and still got punished, which shows how this AI cycle now grades the report card. Broadcom is the second-largest AI chip franchise behind NVIDIA (NASDAQ:NVDA), supplying custom accelerators and networking silicon to hyperscalers. CEO Hock Tan has been guiding the Street toward $56 billion in AI semiconductor revenue this ... Broadcom’s Selloff Shows the New Rule of AI Stocks: Great Isn’t Good
Shares of Marvell Technology (NASDAQ:MRVL) are up 8% today, trading at around $273 in midday action on Thursday, June 11. The move extends a remarkable run that has the stock up 57% over the past month heading into its scheduled index debut. The catalyst is well known. S&P Dow Jones Indices confirmed in its June ... Marvell Just Ripped 57% in a Month. Will the June 22 S&P 500 Listing Be a Sell-the-News Event?
Uber Technologies (NYSE:UBER) has filed a lawsuit against New York City to block enforcement of a new law that limits when it can deactivate drivers. The company argues the law threatens rider safety and violates its constitutional rights. The case centers on how much control ride hailing platforms can retain over driver access to their apps. For investors watching NYSE:UBER, this dispute goes to the core of how the company runs its ride hailing marketplace. Uber operates a global platform...
The private-equity giant and co-investors would take a majority interest in a firm long resistant to outside ownership.
In January, two women filed a proposed class action lawsuit and claimed Costco falsely advertised its Kirkland Signature Seasoned Rotisserie Chicken.
Oracle's (ORCL) post-earnings sell-off could be due to its higher-than-expected capital expenditure
Wall Street snapped a three-day losing streak on Thursday, but the rally lost steam by midday. Hot inflation data and Middle East tensions are keeping investors cautious ahead of SpaceX's historic IPO.
New CEO Asha Sharma plans layoffs and budget cuts as Xbox confronts declining revenue and a 3% accountability margin.
Adobe earnings are on deck, but ongoing concerns about artificial intelligence’s impact on the business might continue to overshadow any positive financial results from the enterprise software company. Adobe is scheduled to report fiscal second-quarter financials after the stock market closes on Thursday. During this earnings season, Wall Street has had little patience for tech companies that report results that are just in line with analyst estimates after stocks and valuations have soared.
Meta stock has slumped amid a fierce bull-bear debate about its plan to spend more than $125 billion on its AI push this year.
Intel Executive Sells Shares as Turnaround Story Hits Critical Crossroads
Investing.com -- Morgan Stanley believes investors should not read too much into the recent pullback in memory stocks, arguing the underlying cycle remains intact and that multiple expansion could drive further returns from here.
Nike (NYSE:NKE) is under increased scrutiny after an analyst downgrade questioned the pace and scope of its turnaround under CEO Elliott Hill. The downgrade focuses on slower progress in Nike's operational and brand reset, along with concerns about margins and the credibility of current financial targets. Rising competition in premium activewear and shifting distribution trends between wholesale and direct-to-consumer channels are key pressure points. Nike enters this phase of its reset...
Report Says 200 To 400 Workers Are Affected
The Bank of England’s Monetary Policy Committee held interest rates in April. As the Iran war threatens the UK economy, what will happen to interest rates?
Former xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbot
The market has entered an unusual phase where investors are no longer rewarding every company tied to artificial intelligence. Instead, capital is becoming more selective. High-profile opportunities are competing directly for investor dollars, valuations are facing greater scrutiny, and even market leaders are being forced to prove they deserve premium status. That shift is now ... Nvidia Breaks Below $200, Approaches Bear Market Territory. How Much Further Can It Fall?
Wall Street may be turning on AI, as Oracle (NYSE:ORCL) has lost a fifth of its value in just the past five days. This was a celebrated AI darling, whose CEO went on the podium next to President Donald Trump and OpenAI CEO Sam Altman a year ago. ORCL stock is now up just 2.3% from ... Oracle’s 20% Plunge Proves What Micron Knew All Along: AI Demand Is About to Collapse
Dana stock tumbled after the company agreed to combine with Eaton’s mobility business, but analysts say the deal could create a stronger supplier with meaningful synergy opportunities.
LyondellBasell has underperformed the materials sector over the past year. However, Wall Street analysts have a moderately bullish view of it.
Investors seem to be looking past FuelCell Energy’s disappointing earnings, focusing on its fast-growing AI data center power pipeline.
Microsoft's Xbox division could soon face a large round of layoffs, as new CEO Asha Sharma looks to revamp the unit.
Though Dollar General has performed weaker than the consumer defensive sector over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.