Enterprise AI software company C3.ai (NYSE:AI) will be announcing earnings results this Wednesday after market hours. Here’s what investors should know.
Reliance Industries, led by Mukesh Ambani, unveiled Jio Frames smart glasses and a $50 billion AI push with Google and Meta partnerships, intensifying its challenge to global tech and consumer brands like Meta, Starbucks, Coca-Cola, Pepsi, and Netflix.
Shares of data center products and services company Vertiv (NYSE:VRT)
fell 5.2% in the afternoon session after a broader market pullback that particularly impacted the technology and semiconductor sectors. The decline was not isolated to Vertiv, as major indices retreated from recent all-time highs. The S&P 500 dropped by 0.7%, while the tech-heavy Nasdaq Composite fell 1.2%. The semiconductor industry faced significant pressure, with the PHLX Semiconductor Index declining by over 3%. This sector-wide downturn also affected major technology companies, including Nvidia and Broadcom, which experienced notable drops. The broad-based selling in the tech space appears to be the primary driver behind the pressure on Vertiv's shares.
Shares of cloud monitoring platform Datadog (NASDAQ:DDOG) fell 3.1% in the afternoon session after a broad-based sell-off impacted the technology sector.
Shares of precision motion systems specialist Allient (NASDAQ:ALNT)
fell 4.5% in the afternoon session after a broader market downturn impacted technology and semiconductor stocks.
Shares of non-lethal weapons company Byrna (NASDAQ:BYRN)
jumped 4.8% in the afternoon session after an analyst at B. Riley maintained a 'Buy' rating and a $46 price target on the stock.
The bedrock principle of Federal Reserve independence, a century-old safeguard against political meddling in monetary policy, is facing its most significant challenge in recent memory. Investor concerns have reached a fever pitch following former President Donald Trump's audacious attempt to dismiss Federal Reserve Governor Lisa Cook. This move, widely perceived
Shares of packaged foods company J.M Smucker (NYSE:SJM)
jumped 2.8% in the morning session after Bernstein raised its price target on the stock to $110 from $94.
Shares of oncology (cancer) diagnostics company NeoGenomics (NASDAQ:NEO)
jumped 22.5% in the morning session after a court ruled in the company's favor in a patent infringement lawsuit against Natera.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 2.4% in the morning session after the stock appeared to be taking a breather as a strong rally left it in technically overbought territory.
Shares of technology real estate company Offerpad (NYSE:OPAD)
fell 22.6% in the morning session after the company unveiled an agreement to sell up to $100 million of its stock.
Shares of 3D design software company Autodesk (NASDAQ:ADSK) jumped 7.5% in the morning session after the company reported second-quarter financial results that exceeded Wall Street expectations and raised its full-year guidance.
