Shares of BlackBerry (BB) traded higher on Thursday morning after the company reported stronger-than-expected first-quarter results and raised its financial outlook for fiscal 2027. At the time of writing, BB stock was up more than 22% on the NYSE following the earnings release. The company said it achieved operating cash flow of $4.6 million in
Nvidia (NVDA) stock fell on Thursday, giving up premarket gains as investors weighed growing competition in the artificial intelligence chip market despite another wave of enthusiasm across the broader AI sector. The stock was down 1.3% at $196.76 in early trading after closing 0.5% lower in the previous session. The decline came even as memory-chip
Venice Token (VVV) remained under pressure after falling 6.2% over the past 24 hours, with bears keeping the token near the $12 level. At the time of writing, VVV traded at $12.34 after moving between an intraday low of $11.98 and a high of $13.46. Notably, today’s decline extends a broader period of weakness for
Rheinmetall AG (RHM) shares are slipping on Wednesday – heading toward one of their sharpest single-day declines ever – due to a major blow to the company’s naval defense pipeline. On Jun. 24, the German Defense Ministry said it is cancelling the “multi-billion-euro” F126 frigate program, which was slated to be the largest naval procurement
Nvidia NVDA shares edged higher on Wednesday as the chipmaker stabilized following a broader semiconductor-sector selloff, with market participants assessing whether the stock is establishing a new trading range. Despite recent volatility, the stock has largely held above the psychologically important $200 level since breaking out of its previous range in April. Nvidia still trading
Uber Technologies (UBER) shares are ripping higher on Wednesday morning after the ride-hailing giant confirmed it has added five major, diverse brands to its on-demand Uber Eats marketplace. As investors cheered the announcement, UBER broke above its key moving averages (20-day, 50-day, and 100-day), indicating bulls are beginning to take back control across multiple timeframes.
Cerebras Systems (CBRS) shares tanked over 15% on Wednesday morning following its inaugural quarterly earnings report since its blockbuster initial public offering (IPO) last month. While the artificial intelligence (AI) chipmaker nearly doubled its Q1 revenue to $193 million and topped Street estimates, investors are concerned about the compressed profitability guidance. Cerebras expects its core
Shares of Arm Holdings continued to decline on Wednesday, extending losses after the semiconductor stock tumbled more than 10% in the previous session as investors rotated out of several high-flying artificial intelligence names. Arm shares fell 4.7% to $349.03 and are down about 19% since the beginning of the week. Despite the recent selloff, the
Shares of Hertz Global Holdings plunged on Wednesday after the car-rental company warned that second-quarter earnings are tracking toward the lower end of its guidance range, citing unexpected weakness in the used-car market. The stock sank more than 38% during trading and was on track for its largest-ever single-day percentage decline and its lowest close
Tesla shares TSLA remained under pressure on Wednesday as investors looked ahead to the electric vehicle maker’s second-quarter delivery report while increasingly focusing on speculation surrounding a potential merger with SpaceX. Tesla stock fell 1.8% to $374.69 after declining 5.8% in the previous session. The shares have dropped nearly 13% in June and are down