© Reuters. Marvell (MRVL) Shares Soar on Earnings Beat but Analyst Warns Durability Concerns Seem Unlikely to Fade By Senad Karaahmetovic Shares of Marvell Technology (NASDAQ:) are up more than 5% in premarket trading Friday after it reported Q1 adjusted EPS and revenue that were above analyst estimates. MRVL adjusted EPS of 52c in the … Read more
There’s no escaping the difficult macroeconomic environment as was evident in Nvidia’s (NVDA) latest quarterly report. Over the past few years, the chip giant has habitually delivered beat-and-raise results. But although the company came good this time around on the “beat” element, the “raise” factor was missing. In F1Q23, Nvidia generated revenue of $8.29 billion, … Read more
Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and deliver F4Q22’s financials. The latest quarterly update comes against a backdrop of a contracting Chinese economy, supply chain woes and the recent zero-COVID lockdowns. Taking these factors into consideration, ahead of the print, Baird’s 5-star analyst Colin Sebastian thinks … Read more
From mega to micro caps, 2022’s stock market has shown little mercy to either the big hitters or small fry, with valuations across the board lying in tatters. Of course, the one positive for investors is you can now load up on shares of companies at what might be considered very enticing entry points. With … Read more
With a loss of 50% year-to-date, NIO (NIO) shares have been the victim of several negative developments in 2022. These include rotation away from growth, supply chain snags impacting production and the fear of U.S. delisting for Chinese stocks. And most recently, zero-Covid policies have sent large parts of China into lockdown again. But following … Read more
Buyers took charge on Wall Street during Monday’s trading, continuing a rebound that began on Friday, when the S&P 500 briefly dipped into bear-market territory. With financial stocks leading the advance, the major averages posted a notable rebound, led by a nearly 2% rise in the Dow. Despite the advance in the overall market, some … Read more
Apple (NASDAQ:AAPL) is likely to unveil a new version of its HomePod smart speaker in either the fourth-quarter or first-quarter of next year, according to an influential analyst. MikeSchianoPhotography/iStock Editorial via Getty Images TF International Securities analyst Ming-Chi Kuo tweeted that the new version of the HomePod may not look differently from the current HomePod … Read more
Text size A healthcare worker prepares a dose of Nuvaxovid vaccine. Jeroen Jumelet/ANP/AFP via Getty Images Novavax stock was dropping Friday after receiving a Sell-equivalent rating — the first since December 2020 and the only one from Wall Street. Bank of America Securities analyst Alec Stranahan initiated coverage of Novavax (ticker: NVAX ) at an … Read more
Text size Nvidia has consistently beat estimates and raised its financial forecasts over the past two years. Courtesy Nvidia Nvidia might not substantially raise its financial forecasts or turn in higher earnings than expected for the first quarter due to weakness in its gaming-chip business, according to Susquehanna analyst Christopher Rolland. The analyst, who lowered … Read more
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