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Here Are Tuesday’s Best Wall Street Analyst Research Calls: Adobe, American Airlines, Broadcom, First Solar, Meta Platforms, Shopify, Space-X, Ventas, Waste Managment, and More
24/7 Wall St.37d agoneutral
Here Are Tuesday’s Best Wall Street Analyst Research Calls: Adobe, American Airlines, Broadcom, First Solar, Meta Platforms, Shopify, Space-X, Ventas, Waste Managment, and More

Pre-Market Stock Futures: Futures are trading mixed, with the Nasdaq getting hammered after a gangbuster start to the first full trading week of the third quarter. All of the major indices finished the day higher, with chip stocks once again leading the way. When the dust settled at the close, the Nasdaq finished the day ... Here Are Tuesday’s Best Wall Street Analyst Research Calls: Adobe, American Airlines, Broadcom, First Solar, Meta Platforms, Shopify, Space-X, Ventas, Waste Managment, and M

Bloomberg37d agoneutral
Mag 7 Loses Market Swagger as AI Trade Spreads Beyond Behemoths

(Bloomberg) -- For years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and determining which way the overall stock market was headed. Those days are over.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Sentenc

US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street
InvestorsHub37d agoneutral
US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street

US stock index futures traded cautiously on Tuesday after the Dow Jones Industrial Average reached a record high in the previous session, while investors weighed another strong earnings update from Samsung Electronics (USOTC:SSNHZ) alongside fresh comments from Federal Reserve Governor Christopher Waller. Futures pause after Wall Street recordsBy 03:02 ET (07:02 GMT), futures linked to the Dow Jones Industrial Average were little changed.

Will Someone Finally Blink in the AI Spending War?
The Wall Street Journal37d agoneutral
Will Someone Finally Blink in the AI Spending War?

Big tech reining in its AI spending may be a tantalizing prospect for some. Second-quarter reports coming later this month will likely show another period of blowout AI investments. Wall Street analysts estimate that combined capital spending by Google, Microsoft Amazon com and Meta Platforms surged 74% year over year to hit $168 billion in the June-ending quarter, according to consensus estimates from Visible Alpha.

SpaceX Is in the Nasdaq-100, Now Brace for Volatility
Barrons.com37d agoneutral
SpaceX Is in the Nasdaq-100, Now Brace for Volatility

SpaceX trading on Tuesday won’t have much to do with space or AI fundamentals. Elon Musk’s AI and space company is now in the Nasdaq-100, one of the best-known large-cap growth indexes that tracks the largest nonfinancial companies listed on Nasdaq. Being fast-tracked into the index reflects just how important privately held frontier AI companies, including OpenAI, Anthropic, and SpaceX before its June IPO, have become to the entire stock market.

Broadcom (AVGO) Extends Apple Deal Following A Fresh Look At Its Fair Value
Simply Wall St.37d agoneutral
Broadcom (AVGO) Extends Apple Deal Following A Fresh Look At Its Fair Value

Broadcom (AVGO) extended its long running chip supply partnership with Apple through 2031, sending the stock higher as investors weighed what fresh multi year custom ASIC commitments might mean for revenue visibility and AI exposure. See our latest analysis for Broadcom. The Apple extension slots into a volatile year for Broadcom, where a 90 day share price return of 11.96% and a 1 year total shareholder return of 37.37% point to momentum rebuilding after recent weakness. If Broadcom’s AI and...

Is Apple (AAPL) Already Priced In Following Its Broadcom Deal And New iPhone Plans?
Simply Wall St.37d agoneutral
Is Apple (AAPL) Already Priced In Following Its Broadcom Deal And New iPhone Plans?

Apple (AAPL) is back in focus after extending its custom chip partnership with Broadcom through 2031 and moving ahead with a broader iPhone roadmap that includes a first foldable model and an Ultra tier. See our latest analysis for Apple. Apple’s share price has climbed 10.97% over the past week and 23.34% over the past 90 days, while its 1-year total shareholder return of 49.51% reflects recent momentum around the stock’s AI and iPhone expansion plans. If Apple’s recent moves have you...

Why Intel (INTC) Stock Is Up Today
StockStory38d agoneutral
Why Intel (INTC) Stock Is Up Today

Shares of computer processor maker Intel (NASDAQ:INTC) jumped 4.1% in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.

Wall Street closes higher as Broadcom rallies
Reuters Videos38d agobullishVIDEO
Wall Street closes higher as Broadcom rallies

<body><p>STORY: U.S. stocks ended higher on Monday, with the Dow adding nearly three-tenths of a percent, the S&P 500 rising more than seven-tenths of a percent and the Nasdaq climbing over 1.2%.</p><p>Chip stocks rallied as investors bought shares in AI-related companies that are expected to drive a strong second-quarter earnings season.</p><p>Liz Miller is founder and president of Summit Place Financial Advisors.</p><p>“One of the things we're seeing in the market, post the real first trading day after second quarter, is the strength of oil retreating and risk-on back in this market. We're seeing strength across the AI trade. We're seeing money going back into tech, including some software that's been questionable through second quarter. So June often is considered not a strong month and ended up being a very strong month. And cash just continues to follow that strength.”</p><p>Shares of Broadcom jumped more than 3.5% after the chipmaker said Apple agreed to extend a deal through 2031 to develop and supply a range of custom chips, cementing Broadcom's role as a critical supplier to the iPhone maker.</p><p>:: SK Hynix</p><p>Meanwhile, South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise more than $28 billion in its effort to capitalize on massive investor demand for AI-related stocks. The company is set to debut on the Nasdaq later this week.</p><p>:: Microsoft</p><p>Elsewhere in the market, shares of Microsoft slipped after the tech heavyweight said it was cutting more than 2% of its workforce, or roughly 4,800 jobs.</p><p>And shares of SpaceX dipped 1% with over $26 billion worth of its shares exchanged, most of that in the final seconds of the session. Elon Musk's rocket and AI giant is set to join the tech-heavy Nasdaq 100 on Tuesday.</p></body>

Allegro MicroSystems and Penguin Solutions Shares Skyrocket, What You Need To Know
StockStory38d agoneutral
Allegro MicroSystems and Penguin Solutions Shares Skyrocket, What You Need To Know

A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates. Broadcom (AVGO) gained about 4.2% after it disclosed in an 8-K that it signed multi-year agreements with Apple through 2031 to supply custom ASIC silicon. Separately, bullish memory notes landed: UBS raised its Q3 DDR contract-pricing forecast to +32% quarter-on-quarter (from +17%) and reiterated DRAM undersupply "until at l