Articles by James Calloway
Micron Hits Record High as AI Memory Demand Fuels Rally Ahead of Earnings
Micron shares hit a record high, capping a 15.5% weekly gain, as AI memory demand tightens supply ahead of next week's earnings report.
AT&T Shares Slide Amid California Regulatory Clash Over Copper Network Phase-Out
AT&T shares dropped 5.5% to $22.01 this week as California regulators intensify opposition to the company's plan to phase out legacy copper-wire phone service, raising concerns over cost savings and future cash flow.
Accenture's Slashed Outlook Sinks IT Services Stocks
Accenture shares plunged 18% after cutting its fiscal 2026 sales growth outlook to 3-4%, triggering broad declines in IT services stocks and raising concerns over AI-driven growth.
NYSEG Completes New York Transmission Line Early, Saving $2M for Ratepayers
Avangrid's NYSEG finished a 12.8-mile transmission upgrade in western New York three months early and $2 million under budget, providing a cost-control win as regulators review rates.
Kroger Shares Dip as Q1 Profit Misses Estimates Despite Revenue Beat
Kroger shares dropped 3% premarket after Q1 adjusted profit missed estimates by a cent, despite a sales beat. Margin pressure from price cuts and transport costs raised investor doubts.
Accenture Stock Dips on Weak Outlook Despite $4.18B Cybersecurity Investment
Accenture slashed its full-year revenue growth forecast and issued weak Q4 guidance, sending shares lower premarket despite a $4.18 billion cybersecurity acquisition announcement.
Entergy's Grid Upgrades Tested as Arthur's Remnants Bring Flood Risk
Entergy Louisiana's $13.5 million grid-hardening project in St. Bernard Parish is tested by Arthur's remnants, potentially avoiding $24M in storm costs.
Rivian Cuts Jobs, R2 Launch Adds to Financial Strain
Rivian is cutting hundreds of jobs, less than 2% of its workforce, to reduce costs after launching the R2 SUV. Shares closed up 2% as investors weigh cost cuts against margin pressures.
Invenergy Accepts $765M Payout to Exit Offshore Wind Leases
Invenergy will get $765 million to terminate four offshore wind leases, with funds redirected to natural gas and geothermal, as the administration's buyback program nears $2.6 billion.
U.S. DOT Closes Delta Probe Without Penalties, Easing Regulatory Pressure
The DOT closed its probe into Delta's 2024 CrowdStrike outage without penalties, removing a major regulatory risk for the airline.
Coupang Stock Jumps on $410M Privacy Fine Disclosure, Analyst Upgrade
Coupang shares surged 8.3% to $19.53 after disclosing $410 million in Korean privacy fines and receiving an Outperform rating from CLSA with a $24 target.
Micron Stock Surges as Analysts Boost Price Targets on AI Memory Demand
Micron shares jumped 3.3% to $1,054.62, lifting market cap near $1.20 trillion, as analysts hiked targets to $1,500 on strong AI memory demand ahead of June 24 earnings.