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Broadcom Shares Dip Ahead of Q1 Report Amid RBC Target Cut, AI Demand Scrutiny
Broadcom shares declined 1.6% to $313.84 Tuesday, with RBC Capital reducing its price target to $340 from $370 ahead of the chipmaker's quarterly results. The market is focused on AI infrastructure spending durability and VMware software growth.
AWS Data Center Attacks, Major Investments Test Amazon's Cloud Strategy
Amazon stock showed minimal after-hours movement following reports of drone attacks on AWS data centers in the Middle East and new multi-billion dollar infrastructure investments in Spain and Virginia.
Palantir Shares Volatile Amid Thiel Sale Plan, Market Jitters
Palantir shares recovered after hours following a sharp intraday drop, as a filing revealed Chairman Peter Thiel's plan to sell stock. The broader market declined amid geopolitical worries.
SanDisk Plunges on Geopolitical Jitters, AI Trade Unwinds
SanDisk shares tumbled 8.6% in after-hours trading, pressured by a spike in oil prices and broader market weakness. Investors await commentary from the company's management at an industry conference.
Tesla Shares Slide After-Hours as Oil Spike Sparks Inflation Fears
Tesla shares declined in extended trading following a sharp jump in crude oil prices, which heightened investor anxiety over inflation and monetary policy. Early European registration data for February showed a mixed demand picture.
Nvidia Slips Amid Broader Market Retreat; GTC Conference, Coherent Deal in Focus
Nvidia shares declined 1.3% to $180.09, mirroring a broader market selloff driven by energy price worries and delayed Fed rate cut expectations. The chipmaker remains in focus with its upcoming GPU Technology Conference and a new $2 billion optics agreement with Coherent.
Linde Shares Decline Amid Energy Price Surge, Investor Focus on CFO Remarks
Linde plc shares dropped 1.6% to $501.45 Tuesday as surging energy prices triggered broad market declines. Attention now turns to the company's CFO speaking at a Raymond James conference on March 4.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
Booking Holdings Slips Amid Travel Sector Turmoil, Stock Split Looms
Booking Holdings shares edged lower Tuesday as escalating Middle East tensions pressured travel stocks and oil prices jumped 6%. The online travel giant's upcoming 25-for-1 stock split has a March 6 record date.
Verizon Rises on Sponsorship Review, Legal Clash with T-Mobile Intensifies
Verizon shares climbed 1.8% to $50.90 following news the company is evaluating its high-value sponsorships, including its NFL deal, while simultaneously facing a false advertising countersuit from rival T-Mobile.