News

Micron Technology edged past the market valuation ‌of Meta Platforms and briefly ‌Tesla's for the first time on Thursday, ​after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were last up 18.4% ‌at $1,236, giving ⁠it a market capitalization of $1.398 trillion, compared with Meta's $1.392 ⁠trillion. Tesla had a market value stood of $1.4 trillion.

(Bloomberg) -- Moving from Pfizer Inc. to Nike Inc. may seem like an unusual career shift for a finance chief. For David Denton, it marks a return to the consumer sector after four years in pharmaceuticals.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityMicron Shares Soar After AI-Fueled Forecast Shatters ProjectionsStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Erase Gains a

Investing.com -- Bank of America has shifted its preference within small and mid-cap equities for the second half of 2026, moving to favor mid-caps over small-caps after the Russell 2000 surged 21% in the first half, the best performance of any size index.

Investing.com -- Canadian equity markets are trading positively on Thursday after strong corporate earnings breathed new life into the global artificial intelligence trade. The rise follows a downbeat Wednesday session where the benchmark S&P/TSX Composite fell 191.29 points, or 0.55%, to close at 34,736.09, while the S&P/TSX 60 dropped 0.30% to finish at 2,049.68. The S&P/TSX 60 index is up 0.7%, while the S&P/TSX Composite has gained 0.9%, as of 12:22 pm ET. Micron Crushes Expectations on AI D

The next 10 years will bring their fair share of innovation to tech.

Morgan Stanley is expected to announce its second-quarter results in July, and analysts project a double-digit earnings growth.

SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's datacenter buildout. The move does not affect Apple's main cash cow, the ‌iPhone.

Alphabet shares fell further premarket following a report that two researchers key to Google’s artificial-intelligence model left the group, extending an exodus in top talent from the search company’s AI team. Shares in the Google owner slid 1.3% to $340.82 in premarket trade even as the broader tech complex rallied. Jonas Adler and Alexander Pritzel are planning to leave Google for Anthropic, Bloomberg reported, citing unnamed sources.

Micron Technology stock (MU) is up by more than 18% in Thursday's pre-market after releasing fiscal third quarter results (adjusted earnings of $25.11 per share, $41.46 billion in revenue) that blew past Wall Street forecasts. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Epistrophy Capital Research chief market strategist Cory Johnson in reacting to Micron's massive earnings release.

Micron's earnings report gave the Nasdaq the jumpstart it desperately needed on Thursday. The Nasdaq was up 0.9%. Micron not only reported blowout results but also gave a forecast that had Wall Street ready to pile back into the chip sector after a brief road bump.

STZ heads into Q1'27 results, with earnings growth expected, beer momentum in focus and cost pressures posing risks.

Carnival Corporation (NYSE:CCL) just delivered its twelfth consecutive quarter of record net yields, yet the stock sold off after Q2 results landed. That dislocation is the setup for our call. Our 24/7 Wall St. price target for Carnival is $37.74 over the next 12 months, implying 31.41% upside from a current price of $28.72. The ... Price Prediction: Carnival Has 31% Upside as Q2 Earnings Beat Masks Opportunity

Adobe said that it will integrate Topaz Labs' tools across its apps.

(Bloomberg) -- Blue Owl Capital Inc. is in advanced talks to buy a minority stake of the NBA’s Cleveland Cavaliers, according to people familiar with the matter. Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapMicron Soars After AI-Fueled Forecast Shatters EstimatesStocks Climb Late After Micron’s Blowout Outlook: Markets WrapThe transa

JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.

Plus: Will anyone buy a cheap EV truck, the World Cup tries to cool off and the Trump administration offers nuclear loans.

Trying to ‘buy the pop’ and quickly flip a hot IPO stock is likely to land you in trouble both with your brokerage and your bottom line.

Investing.com -- Apple Inc. increased prices for its Mac computers, iPads and home devices on Thursday to offset rising costs from a memory chip and storage shortage.

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start o

By Stephen Nellis and Aditya Soni SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip

Wendy’s shares are surging another 10% this morning, in what appears to be a short squeeze of the restaurant chain’s stock. The premarket rally stands to build on Wendy’s 26% jump yesterday. The moves have all the hallmarks of the kind of short squeeze that made headlines in 2021, when retail investors banded together online to send shares of companies like GameStop and AMC Entertainment soaring—and inflict painful losses on hedge funds that had placed short bets on the stocks.

IBM soared in pre-market trading after announcing a non-chip computing breakthrough.

The Federal Reserve's primary inflation gauge, the core PCE price index, showed the 12-month inflation rate hitting its highest level since October 2023, as Wall Street expected. S&P 500 futures are solidly higher early Thursday after a three-session losing streak sparked in part by the prospect for tighter monetary policy under new Fed Chairman Kevin Warsh. Rate-hike expectations have sent the U.S. dollar surging to its highest level in more than a year, even as prospects for rate hikes by other global central banks have faded with tumbling oil prices.

Investing.com -- Morgan Stanley upgraded Qualcomm to Equal-weight from Underweight and increased its price target to $231 from $146 in a note to clients on Thursday after the chipmaker's investor day revealed a $5 billion data center revenue forecast for fiscal 2027 that the bank said "clearly pushes them into the AI beneficiaries category."

A list of 20 highly rated stocks favored by analysts for gains over the next year includes only one that has risen this year: Nvidia.

The chipmaker's fiscal third-quarter results topped expectations across the board, lifting chip stocks worldwide

Bond yields dropped and stocks kept rising after the Federal Reserve’s benchmark inflation gauge matched expectations. The core personal expenditures price index, which excludes volatile food and energy prices and is watched closely by the central bank, rose at a 0.

Apple raised the prices of its Macs and iPads early Thursday morning, a week after Chief Executive Tim Cook said the soaring costs of memory and storage chips would force the company’s hand. The company briefly took down its Apple Online Store early this morning as it typically does when announcing new products. When it came back online, the price tags for Mac computers rose roughly 15% to 20% and iPad prices rose 15% to 25%.

JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.

Western Digital stock and shares of hard-disk drive rival Seagate Technology rallied after Micron's results.