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Agilysys, Guidewire Software, Teradata, Zoom, and 8x8 Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after investors grew increasingly concerned that the billions of dollars being invested into artificial intelligence may not generate sufficient profits.
HubSpot, nCino, Rapid7, and Health Catalyst Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after investors grew increasingly concerned that the billions of dollars being invested into artificial intelligence may not generate sufficient profits.
Workday, Qualys, RingCentral, Sprout Social, and DigitalOcean Shares Are Falling, What You Need To Know
A number of stocks fell in the afternoon session after investors grew increasingly concerned that the billions of dollars being invested into artificial intelligence may not generate sufficient profits.
Upland Software, JFrog, Elastic, C3.ai, and Tenable Shares Are Falling, What You Need To Know
A number of stocks fell in the afternoon session after investors grew increasingly concerned that the billions of dollars being invested into artificial intelligence may not generate sufficient profits. This sentiment fueled fears of a potential "AI bubble," leading to a significant downturn in the technology-heavy Nasdaq Composite index. The selloff was intensified after chipmaker Broadcom warned that increased sales of AI systems could lead to thinner profit margins, causing its stock to tumble. Subsequently, the broader market questioned whether the massive spending on chips and data centers would produce a worthwhile return on investment. This uncertainty caused a market recalibration, with investors rotating capital out of more speculative tech stocks and into more stable assets.
Upstart, Zeta Global, SoundHound AI, Salesforce, and DocuSign Shares Are Falling, What You Need To Know
A number of stocks fell in the afternoon session after investors grew increasingly concerned that the billions of dollars being invested into artificial intelligence may not generate sufficient profits.
Why 3D Systems (DDD) Stock Is Trading Up Today
Shares of 3D printing company 3D Systems (NYSE:DDD) jumped 3.9% in the afternoon session after the company announced it received U.S. Food and Drug Administration (FDA) 510(k) clearance to expand its VSP Orthopedics platform to include skeletally mature adolescents.
Why Compass (COMP) Shares Are Sliding Today
Shares of real estate technology company Compass (NYSE:COMP) fell 4% in the afternoon session after reports surfaced that Google tested a feature to show home sales listings directly in its search results, sparking fears of new competition.
IMAX (IMAX) Stock Trades Up, Here Is Why
Shares of premium cinema technology company IMAX (NYSE:IMAX) jumped 3.1% in the afternoon session after JP Morgan upgraded the stock to 'Overweight' from 'Neutral' and raised its price target.
Lam Research (LRCX) Stock Is Up, What You Need To Know
Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX) jumped 3.2% in the afternoon session after an analyst at Jefferies maintained the company's "Buy" rating and raised its price target. The analyst, Blayne Curtis, increased the price target for the semiconductor equipment maker to $200 from $175, a lift of over 14%. This action, combined with the reaffirmed positive rating, reflected growing confidence in Lam Research's market performance and future growth prospects within the semiconductor industry.
Why Freshworks (FRSH) Shares Are Trading Lower Today
Shares of business software provider Freshworks (NASDAQ:FRSH) fell 3.6% in the afternoon session after the company announced it agreed to acquire FireHydrant, a provider of AI-powered incident management software.