Take a look at some of the major engines on the premarket: Rite Aid (RAD): Rite Aid expects to report a loss for its just-ended fiscal year, compared to analysts’ forecast of …
Read More »Rite Aid, Coherent, RH, Nike and more
Intel is spending $ 20 billion to build two new chip plants in Arizona
Intel announced Tuesday that it will spend $ 20 billion to build two new chip factories, called fabs, in Ocotillo, Arizona. The announcement, which coincides with new CEO Pat Gelsinger’s first public …
Read More »These defeated tech stocks may be worth their high valuations
Semiconductor stocks are at a sweet spot for investors, say two traders. The search for high-momentum stocks that stray from their 52-week highs and are worth their perhaps elevated valuations has led …
Read More »Dow futures rise, extending Monday’s 300-point rally
Dow futures moved higher in overnight trading on Monday, putting the index on track to extend its rally from the regular session. Dow futures were up about 150 points. S&P 500 futures …
Read More »Why this rate-driven sell-off is hitting tech stocks the hardest
A Model X will be displayed in a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual China Group | fake images What’s behind the tech stocks crash? One …
Read More »What’s causing the chip shortage affecting PS5, cars, and more?
An image of a CPU socket and motherboard on the table. Narumon Bowonkitwanchai | Moment | fake images A chip shortage that began when consumers stocked up on personal computers and other …
Read More »Gametop, AMC Entertainment, Microsoft and more
Check out the companies making headlines in afternoon trading. GameStop – Gaming retailer shares continued their rally, as the stock price more than doubled to $ 360 from $ 360. Retail investors …
Read More »Third Point urges Intel to explore ‘strategic options’
Intel CEO Robert Swan speaks at the Rakuten Optimism Event in Yokohama, Japan on July 31, 2019. Tamoharo Ohsumi | Getty Images Third Point, a hedge fund led by Dan Loeb, is …
Read More »Uber, Lyft, Biogen, Facebook, Caterpillar and more
The exterior of the biotechnology company Biogen’s headquarters in Cambridge, MA is featured on 21 March 2019. John Talumki | Boston Globe | Getty Images Check out the companies making headlines in …
Read More »Weak data center results, Intel stock slips after chip delay
Intel shares were down 10% in Friday’s premarket, a day after the company’s third-quarter earnings revealed a new weakness in its data center business and confirmed the delay of its latest generation …
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