Accenture (ACN) stock fell 4% on Friday after Guggenheim downgraded the consulting and technology services company to Neutral from Buy and removed its previous price target. The downgrade came as Guggenheim said its channel checks had not identified a corresponding improvement in demand despite Accenture shares rebounding 52% from their June lows. The firm also
Micron Technology (MU) shares rose on Friday as RBC Capital Markets said the memory-chip maker’s valuation does not fully reflect its exposure to the artificial intelligence-driven memory boom. Micron stock gained as much as 3.12%. RBC analyst Srini Pajjuri reiterated an Outperform rating and a $1,500 price target. Pajjuri pointed to rising memory requirements from
The crypto market is doing well today, with most tokens being in the green, and the valuation hitting $2.76 trillion. This rally continued even after the Federal Reserve and Bank of Japan (BoJ) hiked interest rates, and as crude oil remained at an elevated level. This article provides a forecast for top tokens like Near
Saudi Aramco has told at least two European refining customers they will receive no crude oil in October following damage to the kingdom’s key East-West pipeline, while gold prices rose and oil prices eased as investors assessed the latest developments in the Middle East. At the same time, Bitcoin jumped 6% on September 18, briefly
US stocks ended mixed on Friday as investors wrapped up a volatile week marked by the Federal Reserve’s first interest-rate hike in three years, rising Treasury yields and elevated oil prices. The Dow Jones Industrial Average fell 114.74 points, or 0.22%, to 51,663.30, while the S&P 500 gained 11.53 points, or 0.12%, to 7,647.19. The
SpaceX stock has moved sideways at an important price, even after the company received a $964 million deal by NASA. SPCX also wavered as investors waited for the upcoming Starship Orbital test. It trades at $152, up by 47% from its lowest level this year. SpaceX stock wavers after reaching a NASA deal SPCX stock
BNB price has risen 2.6% over the past 24 hours to around $727 on Sept. 17, recovering from an intraday low near $708.50 as new real-world asset products and recent BNB Chain upgrades support buying activity. According to CoinGecko, BNB was trading at $727.35 at the time of writing, with the token up 2.9% over
Arm Holdings stock gained 7% on Thursday after CEO Rene Haas said he was increasingly confident the company could meet Wall Street’s higher revenue expectations for its new data-centre chip, the AGI CPU. Haas made the comments during an interview with CNBC’s Jim Cramer on Wednesday, saying he was “more confident” about achieving $2 billion
Shares of major memory-chip companies jumped on Thursday as easing oil prices and Treasury yields improved broader sentiment toward technology stocks, helping the sector recover some of the losses suffered earlier in the week. Micron Technology MU rose about 5.5%, while SK Hynix gained more than 4% and SanDisk climbed roughly 5%. The gains came
Fluence Energy (FLNC) stock crashed on Thursday morning after management lowered its outlook for the financial year. It now sees revenue coming in at about $2.4 billion, down meaningfully from its previous guidance for $3 billion. The company also expects its adjusted EBITDA loss to expand to $200 million this year. As investors reacted to