Oracle stock climbs 7% as Trump is expected to announce its joint AI venture with OpenAI and Softbank
Oracle (ORCL) stock closed up by more than 7% on Tuesday amid reports of a joint venture with OpenAI and Softbank (SFTBY).
Oracle (ORCL) stock closed up by more than 7% on Tuesday amid reports of a joint venture with OpenAI and Softbank (SFTBY).
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF) fell 5.9% in the afternoon session after research by Morgan Stanley analyst Dara Mohsenian revealed weak sales trends for the company (ELF). The research revealed that U.S. scanner sales growth "slowed to 5.5% year over year in the last two weeks, including Amazon first party, and were down 1.9% year over year in the last week." The analyst blamed the weakness partly "on the timing of the Martin Luther King Jr. Day and the LA wildfires."
Shares of temporary space provider WillScot (NASDAQ:WSC) jumped 7.2% in the morning session after Semafor reported the company (WSC) is fielding takeover talks from private equity firms. According to the sources, a formal takeover process has likely not started.
Here's what could happen next to shares of this firm.
Shares of Intel were up more than 2% Tuesday afternoon, extending Friday gains that were powered in part by deal-related rumors.
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Nvidia (NVDA) reclaimed its title as the world’s most valuable public company on Tuesday as Apple’s (AAPL) shares slid.
Shares of General Motors rose Tuesday after Deutsche Bank analysts upgraded the stock, citing the automaker's recent strategic moves like shuttering its Cruise robotaxi program.
Morgan Stanley analyst Joseph Moore upgraded Qorvo, Inc. (NASDAQ:QRVO) to Overweight from Equal-Weight, raising the price forecast to $106 from $90. Moore notes that he has seen value in Qorvo stock and attempted to capture it through upgrades, but the results have been only modest. The analyst also highlighted challenges in the radio frequency space, particularly with pressure on the Chinese business, which increases concentration in other areas. Per Moore, while the radio frequency market serv
Nvidia has said Blackwell demand will likely drive revenues beyond the group's estimate of "several billion dollars" this quarter.