Articles by James Calloway
Micron Surges 16.7% Premarket on $100B in Multi-Year AI Memory Contracts
Micron shares jumped 16.7% premarket after locking in $100 billion in minimum-price contracts and $22 billion in deposits, highlighting investor focus on multi-year supply deals over spot market risks.
BlackBerry Shares Slip Despite Stifel's Bullish Call, Volume Swamps Buyback Plan
BlackBerry shares closed lower Wednesday, even as Stifel turned bullish, with trading volume far exceeding its buyback limit ahead of Q1 earnings.
Oracle shares tumble as AI spending dwarfs cloud revenue
Oracle shares dropped 4.62% as fiscal 2026 capital expenditures of $55.7B more than tripled cloud-infrastructure revenue, while free cash flow turned negative and restructuring costs surged.
Hertz Slumps 28% on Weak Q2 Outlook, Used-Car Losses
Hertz shares plunged nearly 28% after warning Q2 core profit will hit low end of guidance due to used-car sale losses, with vehicle depreciation rising to ~$300/unit/month.
Paychex Shares Slide on Tepid Fiscal 2027 Outlook Despite Q4 Beat
Paychex shares dropped 3.8% as the company's fiscal 2027 outlook signaled slower growth, overshadowing a Q4 earnings beat.
Micron Earnings in Focus as AI Memory Rally Faces Key Test
Micron shares slipped 0.33% to $1,048.34 as investors await fiscal Q3 earnings, with Wall Street forecasting $20.83 EPS and $35.9B revenue. Options imply an 11% move, testing the AI-driven chip rally.
Tesla Shares Steady After Probe into Fatal Crash
Tesla shares steady in premarket after a 5.79% drop following a U.S. probe into a fatal Texas crash involving its driver-assistance system.
Grab, GoTo Cut Indonesia Bike-Hailing Commissions to 8% After New Cap
Grab and GoTo slash Indonesia motorcycle ride-hailing commissions to 8% from 20% starting July 1, following a new government cap. Grab shares edged lower in pre-market trading.
Micron Earnings in Focus as AI Demand Questioned
Micron shares climb 3.8% premarket after a 13% drop, as Wall Street awaits earnings to gauge AI-driven demand. Nasdaq futures rise 0.41% amid tech recovery hopes.
FedEx Stock Dips as 2026 Profit Forecast Relies on Pricing Power
FedEx stock dropped over 7% premarket after earnings beat, with 2026 profit outlook hinging on price increases and freight spin-off complicating comparisons.
AT&T Shares Surge on Cash Return Prospects Ahead of Q2 Report
AT&T shares climbed 3.21% to $22.81 on heavy volume, with its 2026 free-cash-flow target implying an 11% yield. Investors await Q2 results on July 22, where free cash flow guidance of $4.0-$4.5 billion will test the stock's cash-yield appeal.
Cerebras Shares Hover Near IPO Level After Margin Guidance Disappoints
Cerebras shares fell 14.8% premarket after guiding full-year core gross margin to 38-41%, far below Q1's 47%, as cloud revenue growth pressured profitability, leaving stock just 4.5% above IPO price.