Category: Latest News
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Micron Technology Shares Fall 5.2% as Semiconductor Stocks Decline
Micron Technology (NASDAQ:MU) shares fell 5.2% in pre-market trading on Monday to $924.90 as semiconductor stocks declined amid renewed debate over the pace of artificial intelligence development and broader market concerns. The shares were trading approximately 26% below their 52-week high of $1,255. Investors are also awaiting Micron’s fiscal fourth-quarter results, scheduled for September 30,…
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GE Vernova Shares Fall 4.8% After GLJ Research Starts Coverage With Sell Rating
GE Vernova (NYSE:GEV) shares fell 4.8% in pre-market trading after GLJ Research initiated coverage of the energy and power equipment company with a Sell rating and a $470 price target. The rating contrasts with generally positive analyst coverage of GE Vernova and adds to investor focus on the company’s valuation following gains over the past…
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Broadcom Shares Fall 3.2% as AI Development Debate Weighs on Semiconductor Stocks
Broadcom (NASDAQ:AVGO) shares fell 3.2% in pre-market trading on Monday to $350.48 as semiconductor stocks declined following calls from technology executives for a slower pace of advanced artificial intelligence development. The decline came as investors assessed the potential implications of a change in the pace of AI development for semiconductor companies with exposure to data-centre…
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Adobe Shares Rise 2.2% as Investors Assess Quarterly Results and Raised Guidance
Adobe (NASDAQ:ADBE) shares rose 2.2% in pre-market trading as investors continued to assess the software company’s fiscal third-quarter 2026 results and updated full-year guidance. Adobe reported record quarterly revenue and earnings above consensus estimates. The company also raised its forecasts for full-year revenue and adjusted earnings per share. The shares remained below their 52-week high…
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Intuit Shares Rise Nearly 2% Following Earnings Beat and Dividend Increase
Intuit (NASDAQ:INTU) shares rose nearly 2% in pre-market trading to $327.80, outperforming broader US equity indices during a weaker session for technology stocks. The financial software company’s shares were trading above their 52-week low of $252.84 but remained below their 52-week high of $705.08. The move followed several recent company developments, including its fiscal fourth-quarter…
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Marvell Technology Shares Fall 7.6% as AI Development Debate Weighs on Chip Stocks
Marvell Technology (NASDAQ:MRVL) shares fell 7.6% in pre-market trading as semiconductor stocks declined following calls from technology executives for a slower pace of advanced artificial intelligence development. Anthropic CEO Dario Amodei published an essay over the weekend calling for a deliberate slowdown in frontier AI development. OpenAI CEO Sam Altman and Elon Musk subsequently expressed…
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Atlassian Shares Rise 3% as Software Stocks Outperform Chipmakers
Atlassian (NASDAQ:TEAM) shares rose 3% in pre-market trading on Monday to $185.12 as US software stocks moved higher while semiconductor and other AI-linked shares declined. The move came during a broader debate over the pace of artificial intelligence development after prominent technology executives called for slower progress in advanced AI systems. Semiconductor stocks faced selling…
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Workday Shares Rise 2.8% as Silver Lake Takeover Report Remains in Focus
Workday (NASDAQ:WDAY) shares rose 2.8% in pre-market trading to $190.93, outperforming broader US equity indices as investors continued to assess reported takeover interest from private-equity firm Silver Lake. Reuters previously reported that Silver Lake had held discussions with Workday about a potential acquisition in recent months, citing people familiar with the matter. The report said…
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ServiceNow Shares Rise 2.6% After Analysts Raise Price Targets
ServiceNow (NYSE:NOW) shares rose 2.6% in pre-market trading to around $136 after several Wall Street firms raised their price targets on the enterprise software company. Needham increased its price target on ServiceNow to $155 from $115, while BTIG raised its target to $170 from $150. The revisions followed continued analyst focus on the company’s artificial…
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Intel Shares Fall 6.4% as AI Development Slowdown Debate Weighs on Chip Stocks
Intel Corporation (NASDAQ:INTC) shares fell 6.4% in pre-market trading on Monday as semiconductor and AI-linked stocks declined following comments from technology executives about the pace of advanced artificial intelligence development. Anthropic CEO Dario Amodei published an essay over the weekend calling for a coordinated slowdown in frontier AI development, arguing that AI capabilities were progressing…