Articles

Corning’s stock soars 8.7% after company raises Q2 guidance to reflect AI bump

The company, which makes glass for big-screen TVs, mobile phones and optical fiber, believes the first quarter will be the lowest one for all of 2024.

JPMorgan downgraded on valuation, while Bank of America shines as top pick: analyst

Wolfe Research cuts JPMorgan to peer perform and highlights Bank of America as an outperforming stock.

Koss’s stock pares gains after spike amid rumors of interest from Roaring Kitty

Koss shares were down 15.4% in premarket trades Monday, putting it on pace to snap a two-day winning streak.

HilleVax’s stock craters after biotech says it’s scrapping a norovirus vaccine for infants after a failed trial

HilleVax Inc.’s stock cratered 89% early Monday, after the biotech said it would discontinue development of a vaccine against norovirus for infants after a trial missed its main goals.

ServiceNow’s stock gets its only ‘sell’ call. Here’s what’s driving it.

Guggenheim says the monetization of generative AI “is not happening en masse and is not likely to materialize this year.”

Ubisoft shares surge on Jefferies’ double upgrade to buy rating

Ubisoft’s strategic pivot towards subscriptions and the release of two new games could boost the French company’s share price, Jefferies analysts said

AMD and Intel shares have lagged this year. Why a rebound could be in store.

Not all chip stocks enjoyed the exuberant first-half performance seen by Nvidia — and a Melius Research analyst thinks some notable laggards could be primed for solid rebounds.

Momentus’s stock climbs, as space-services company is on pace to snap five-day losing streak

Shares of Momentus, which provides satellite transportation and servicing, jumped in premarket trades Monday.

Devon Energy to pay $5 billion for unit of EnCap-backed Grayson Energy

Devon is buying acreage in the Williston Basin, an energy-rich area mostly in Montana, North Dakota and Saskatchewan.

Eli Lilly to pay $3.2 billion in cash to buy this biotech with an IBD treatment

Morphic’s stock rocketed Monday, after the biopharmaceutical company announced an agreement to be acquired by Eli Lilly in a cash deal valued at about $3.2 billion.

These two market gauges will move your stocks more than how the economy is doing

Stock investors emphasize interest-rate trends and investor sentiment.

Tesla’s upcoming earnings report needs to divulge its AI plans and Nvidia’s role

AI mastery could cement Tesla’s lead in autonomous driving and beyond.
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