June 5, 2026 12:57 pm
Key Moments Micron Technology shares fell 3.6% in pre-market trading to $960.24 amid sector-wide weakness in semiconductors. Broadcom’s decision not to lift its $100 billion full-year AI semiconductor revenue target raised concerns about a potential slowdown in AI infrastructure spending. Positive catalysts for Micron, including analyst upgrades and HBM4 certification for Nvidia’s Vera Rubin platform, […]
Read moreJune 5, 2026 12:47 pm
Key Moments Nasdaq 100 and S&P 500 futures traded lower as semiconductor names retreated after a strong rally. Investors focused on the upcoming May nonfarm payrolls report, with expectations for an 85,000 job increase. Lululemon Athletica dropped nearly 12% premarket after cutting its full-year profit outlook, while Cooper Companies gained 4.8% on better-than-expected results. Futures […]
Read moreJune 5, 2026 9:40 am
Key Moments J.P. Morgan raised its Tesla rating to “neutral” from “underweight” and increased its price target to $475 from $145. The brokerage sees Tesla’s earnings-per-share potentially rising to about $7.50 by 2030 from roughly $1.95 in 2026, with revenue projected to reach roughly $203 billion by 2030. Nearly half of Tesla’s expected revenue growth […]
Read moreJune 4, 2026 2:07 pm
Key Moments Macquarie lowered Broadcom’s rating from Outperform to Neutral and cut its 12-month price target to $437 from $513. Google’s move to deepen in-house AI chip development and bring in MediaTek is expected to erode Broadcom’s AI ASIC market share between 2027 and 2028. Despite the downgrade, Broadcom delivered fiscal Q2 revenue of $22.2 […]
Read moreJune 4, 2026 1:15 pm
Key Moments CFO John Murphy highlighted uneven demand across income tiers and outlined Coca‑Cola’s focus on balancing affordability with brand appeal. The company is closely monitoring ongoing Middle East uncertainty, with Murphy warning it will remain a key risk topic into 2027. Coca‑Cola shares were up about 1.5% in premarket trading as Murphy detailed consumer […]
Read moreJune 4, 2026 1:03 pm
Key Moments Xos Inc (NASDAQ:XOS) shares dropped 23.9% in premarket trading after unveiling a registered direct stock offering. The company agreed to sell 1,090,910 common shares at $5.50 each, targeting gross proceeds of approximately $6 million. Proceeds are earmarked for growth initiatives in power and energy storage, working capital, general corporate use, and debt repayment. […]
Read moreJune 4, 2026 8:45 am
Key Moments Meta Platforms Inc (NASDAQ: META) has pushed back the developer release of its newest AI model several times and has not set a new launch date, according to the Wall Street Journal. The delay has extended to nearly two months since Meta’s AI head told developers the model would be available “soon,” the […]
Read moreJune 4, 2026 8:37 am
Key Moments Foxconn announced a collaboration with Intel to design and deploy next-generation AI infrastructure and intelligent computing platforms. The partnership will focus on AI data center hardware, including systems powered by Intel Xeon processors and AI accelerator chips, as well as cooling and energy efficiency solutions. The companies also plan to develop AI systems […]
Read moreMay 29, 2026 10:14 am
Key Moments Gap shares fell 15%, while American Eagle dropped 10% in premarket trading after weak full-year guidance. Gap cut its annual sales outlook. Meanwhile, American Eagle warned of lower gross margins this quarter. Both retailers reported weaker demand in women’s seasonal categories. This hit Gap’s Old Navy and American Eagle’s core brand. Retail Stocks […]
Read moreMay 29, 2026 9:52 am
Key Moments Dell Technologies’ premarket share price jumped nearly 40%, driven by strong demand for its Nvidia-powered AI servers. The company lifted its full-year revenue outlook to a range of $165 billion to $169 billion and projected about $60 billion in AI server revenue for fiscal 2027. First-quarter revenue climbed 88% to $43.84 billion, significantly […]
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