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Qualcomm (QCOM) Loses 8.8% on Nvidia Competition Fears
Insider Monkey85d agoneutral
Qualcomm (QCOM) Loses 8.8% on Nvidia Competition Fears

Qualcomm Inc. (NASDAQ:QCOM) is one of the 10 Stocks Entering June in the Wrong Direction. Qualcomm snapped a two-day winning streak on Monday, shedding 8.78 percent to finish at $228.99 apiece, as investors resorted to profit-taking following the previous trading day’s record high, while digesting the impact of Nvidia Corp.’s foray into the devices market. […]

Fluence (FLNC) Strengthens Foothold in AI, Soars 44%
Insider Monkey85d agobullish
Fluence (FLNC) Strengthens Foothold in AI, Soars 44%

Fluence Energy Inc. (NASDAQ:FLNC) is one of the 10 Stocks Entering June on Fire. Fluence Energy saw its share prices climb by 43.80 percent on Monday to close at $27.15 apiece, as investors cheered its increasing role in the artificial intelligence sector with its role in the development of a next-generation platform to support the […]

SK Telecom (SKM) Hits 4-Year High — Nvidia May Hold the Answer
Insider Monkey85d agoneutral
SK Telecom (SKM) Hits 4-Year High — Nvidia May Hold the Answer

SK Telecom Ltd. (NYSE:SKM) is one of the 10 Stocks Entering June on Fire. SK Telecom soared to a new four-year high on Monday, after being named as a key partner of Nvidia Corp. in the development of a semiconductor company’s digital twin using its 3D virtual design platform. In intra-day trading, the stock surged […]

Arm Holdings (ARM) Notches All-Time High as Nvidia Showcases New Tech
Insider Monkey85d agobullish
Arm Holdings (ARM) Notches All-Time High as Nvidia Showcases New Tech

Arm Holdings plc (NASDAQ:ARM) is one of the 10 Stocks Entering June on Fire. Arm Holdings kicked off the first day of the month soaring to a new all-time high, as investors resorted to a flurry of positive developments, including Nvidia Corp.’s launch of new chips built on its architecture and two analysts’ optimistic rating […]

Why Is Nvidia (NVDA) Stock Soaring Today
StockStory85d agobullish
Why Is Nvidia (NVDA) Stock Soaring Today

Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 6.3% in the afternoon session after over 150 million shares traded hands (well above average) as CEO Jensen Huang's keynote at Computex in Taipei delivered two major announcements.

Why Is Cloudflare (NET) Stock Soaring Today
StockStory85d agobullish
Why Is Cloudflare (NET) Stock Soaring Today

Shares of cloud security and performance company Cloudflare (NYSE:NET) jumped 11.1% in the afternoon session after it extended its recovery, continuing a rebound from the selloff on May 7 (when it reported earnings) that was, in hindsight, a partial market misread.

Why Uber (UBER) Stock Is Trading Up Today
StockStory85d agoneutral
Why Uber (UBER) Stock Is Trading Up Today

Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER) jumped 5.2% in the afternoon session after the company announced a strategic partnership with Israeli AI firm Autobrains to launch a robotaxi program in Munich, Germany.

Fluence Energy (FLNC) Stock Trades Up, Here Is Why
StockStory85d agoneutral
Fluence Energy (FLNC) Stock Trades Up, Here Is Why

Shares of electricity storage and software provider Fluence (NASDAQ:FLNC) jumped 46.8% in the afternoon session after it was named a key partner in a new AI data center architecture developed by Siemens for Nvidia's latest supercomputer technology.

Why Are HP (HPQ) Shares Soaring Today
StockStory85d agobullish
Why Are HP (HPQ) Shares Soaring Today

Shares of personal computing and printing company HP (NYSE:HPQ) jumped 8.9% in the afternoon session after the company announced a new line of PCs and notebooks powered by NVIDIA RTX Spark, aimed at AI developers, creators, and gamers.

IBM (IBM) Shares Skyrocket, What You Need To Know
StockStory85d agoneutral
IBM (IBM) Shares Skyrocket, What You Need To Know

Shares of technology and consulting giant IBM (NYSE:IBM) jumped 6% in the afternoon session after the company was named a partner for Nvidia's new Vera Rubin AI accelerators, designed to power advanced AI systems.

ServiceNow (NOW) Shares Skyrocket, What You Need To Know
StockStory85d agoneutral
ServiceNow (NOW) Shares Skyrocket, What You Need To Know

Shares of enterprise workflow automation company ServiceNow (NYSE:NOW) jumped 9.4% in the afternoon session after it continued to rally extending double digit gains from the previous session, which was driven by two forces: Snowflake's blowout Q1 results showing enterprise AI adoption is accelerating rather than disrupting software demand, and Dell's confirmation that enterprises are committing to full-stack AI infrastructure at a scale nobody had modelled.

Why Qualcomm (QCOM) Shares Are Trading Lower Today
StockStory85d agoneutral
Why Qualcomm (QCOM) Shares Are Trading Lower Today

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) fell 7.7% in the afternoon session after competitor Nvidia unveiled its new RTX Spark superchip, a powerful processor for Windows PCs that directly challenges Qualcomm's Snapdragon series.

Nvidia CEO says has capacity to supply robust CPU and GPU growth
Reuters85d agoneutral
Nvidia CEO says has capacity to supply robust CPU and GPU growth

Nvidia boss Jensen Huang said on ‌Tuesday the company has enough supply ‌to accommodate robust growth for central processing units (CPUs) as ​well as graphics processing units (GPUs) as it rides a boom in artificial intelligence. Chief Executive Huang was speaking at Nvidia's GTC ‌press conference during ⁠Computex week in Taipei, a day after the $5 trillion chip giant ⁠unveiled a new chip that processes AI capabilities directly. Nvidia's new chip, which will ​be launched ​in the fall, ​puts AI capabilities directly ‌into laptops and desktop computers, pitting it against the likes of Advanced Micro Devices, Intel and Apple.

Why Intel (INTC) Stock Is Trading Lower Today
StockStory85d agoneutral
Why Intel (INTC) Stock Is Trading Lower Today

Shares of computer processor maker Intel (NASDAQ:INTC) fell 4.1% in the afternoon session after rival Nvidia announced its foray into the personal computer chip market with a new AI superchip, posing a direct competitive threat.

Short Seller Andrew Left Found Guilty of Securities Fraud
Bloomberg85d agobearish
Short Seller Andrew Left Found Guilty of Securities Fraud

(Bloomberg) -- Andrew Left, one of the world’s most prominent short sellers, was found guilty of securities fraud by a federal jury after a landmark trial that scrutinized his use of social media to move the price of stocks.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStocks Rise on Trump’s Iran Remarks, AI Optimism: Markets WrapA Rare

Why Is Zscaler (ZS) Stock Soaring Today
StockStory85d agobullish
Why Is Zscaler (ZS) Stock Soaring Today

Shares of cloud security platform Zscaler (NASDAQ:ZS) jumped 10% in the afternoon session after investment firm Guggenheim upgraded the stock to "Buy" from "Neutral," setting a new price target of $214.

Nvidia sends PC makers a message they can't ignore
TheStreet85d agoneutral
Nvidia sends PC makers a message they can't ignore

Nvidia (NVDA) believes the next battle will take place somewhere altogether different. At GTC Taipei, the firm unveiledRTX Spark, a new Windows platform designed for artificial intelligence agents. Rather than just helping users work faster, Nvidia envisions computers that can also reason through ...