ADVFN US – Market Content Editor
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Fluor Shares Rise 6.1% Following Earnings Beat and Analyst Actions
Fluor (NYSE:FLR) shares rose 6.1% in pre-market trading to $57.52, putting the engineering and construction company’s stock close to its 52-week high of $58.35. The supplied information did not identify a new company announcement on Monday to account for the move. The advance followed recent analyst actions and Fluor’s second-quarter 2026 financial results. Truist Raises…
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Scholar Rock Shares Rise 9.1% After FDA Approves ISEMBYLD for Spinal Muscular Atrophy
Scholar Rock Holding Corp (NASDAQ:SRRK) shares rose 9.1% in pre-market trading to $60.45 after the US Food and Drug Administration approved ISEMBYLD (apitegromab-mstn) for the treatment of spinal muscular atrophy. The treatment was approved for adults and children aged two years and older who are receiving an SMN2-targeted therapy. According to the supplied information, ISEMBYLD…
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IREN Shares Fall 2.7% as Technology Stocks Decline
IREN (NASDAQ:IREN) shares fell 2.7% in pre-market trading to $42.65 as technology and AI infrastructure stocks declined alongside the broader US equity market. The supplied information did not identify a new company-specific announcement behind Monday’s decline. The move followed a rise of approximately 23% in IREN shares over the previous five trading sessions. The recent…
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MARA Holdings Shares Fall 5.7% After JPMorgan Double Downgrade
MARA Holdings (NASDAQ:MARA) shares fell 5.7% in pre-market trading to $11.30 after JPMorgan downgraded the Bitcoin mining company to Underweight from Neutral and lowered its price target. JPMorgan cut its target to $11 from $13 and extended the target horizon to December 2027. The bank cited MARA’s capital-light strategy through its joint venture with Starwood…
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Applied Materials Shares Fall 5.8% as Semiconductor Stocks Decline
Applied Materials (NASDAQ:AMAT) shares fell 5.8% in pre-market trading on Monday to $430 as US semiconductor stocks declined following calls from technology executives for a slower pace of advanced artificial intelligence development. The move extended a decline in Applied Materials shares following the company’s fiscal third-quarter 2026 earnings report in August. The supplied information did…
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AMD Shares Fall 5.6% as AI Development Debate Weighs on Semiconductor Stocks
Advanced Micro Devices (NASDAQ:AMD) shares fell 5.6% in pre-market trading on Monday to $487.07 as semiconductor stocks declined following calls from US technology executives for a slower pace of advanced artificial intelligence development. Investors were assessing whether a change in the pace of AI development could affect future infrastructure spending and demand for semiconductor products.…
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SanDisk Shares Fall 5.5% as AI Demand Concerns Weigh on Memory Stocks
SanDisk Corporation (NASDAQ:SNDK) shares fell 5.5% in pre-market trading on Monday to $1,543.92 as semiconductor and memory stocks declined amid renewed investor assessment of demand associated with artificial intelligence infrastructure. US chip stocks broadly moved lower after technology executives called for a slower pace of advanced AI development because of safety concerns. Investors were also…
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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…