ADVFN US – Market Content Editor
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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…
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CrowdStrike Shares Rise 4.6% After CEO Comments on AI and Cybersecurity
CrowdStrike (NASDAQ:CRWD) shares rose 4.6% in pre-market trading after Chief Executive George Kurtz responded to comments from Anthropic CEO Dario Amodei about the pace of advanced artificial intelligence development. Kurtz posted on social media over the weekend in response to an essay by Amodei calling for an industry-wide slowdown in the development of advanced AI…
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Apple iPhone 18 Pro Delivery Lead Times Below Last Year, JPMorgan Says
Early delivery lead times for Apple (NASDAQ:AAPL)’s iPhone 18 Pro and Pro Max are generally shorter than those recorded during last year’s iPhone 17 launch, according to JPMorgan, which said the data could partly reflect consumers waiting for Apple’s planned foldable device. Apple announced the iPhone 18 series on September 9, with pre-orders for the…