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Western Digital Stock Tumbles 7% Amid Debt Redemption, Tech Sector Pressure
Western Digital shares dropped over 7% Tuesday after the company moved to redeem its 2026 senior notes, underperforming storage peers as weak retail sales and a sector downgrade weighed on tech stocks.
Salesforce Shares Gain Amid Reported Workforce Reduction Ahead of Earnings
Salesforce stock advanced about 1% Tuesday following reports of limited job cuts, with investors focusing on upcoming quarterly results for updates on AI strategy and cost management.
ServiceNow Leads Software Rebound as AI Anxiety Subsides
ServiceNow shares gained nearly 4% as software stocks recovered from recent declines, buoyed by record retail inflows into a tech-software ETF despite lingering sector volatility.
Lam Research Shares Dip on Insider Sale Disclosure; Market Eyes Applied Materials, Economic Data
Lam Research stock declined 2.6% following a regulatory filing showing a director sold 35,000 shares. Investors are now focused on upcoming earnings from peer Applied Materials and key U.S. inflation and jobs reports.
KLA Shares Edge Lower Amid India R&D Expansion and Sector Focus
KLA Corp's stock dipped slightly as the company unveiled a new research and development center in India. Investors are assessing the chip-equipment outlook ahead of peer earnings.
GE Vernova Shares Dip on Long-Term Turbine Reservation, Investors Eye Earnings
GE Vernova's stock declined slightly as Maxim Power secured a 2030 gas turbine slot, with attention turning to the company's upcoming quarterly earnings report.
Upstart Shares Surge Ahead of Q4 Earnings Release
Upstart Holdings stock climbed over 5% in Tuesday trading as investors positioned for quarterly results after the close. The AI lending platform's report will shed light on loan demand and credit trends.
Visa Shares Gain Amid Ex-Dividend Trading, Consumer Spending in Focus
Visa stock advanced about 1% as it traded ex-dividend, with investors weighing flat U.S. retail sales data. The payments giant remains 13% below its 52-week high.
Reddit Shares Surge as Analysts Maintain $300 Targets Despite Engagement Concerns
Reddit stock climbed 6.5% after Citizens and Needham reaffirmed $300 price targets, though user engagement metrics show signs of softening. Broader markets edged higher ahead of key U.S. economic data.
Hims & Hers Shares Extend Decline Amid Novo Nordisk Patent Lawsuit Over Compounded Weight-Loss Drugs
Hims & Hers Health stock fell another 5.6% as Novo Nordisk filed a patent lawsuit seeking to block compounded versions of Wegovy, tightening regulatory pressure on the online health provider's GLP-1 offerings.
Inspire Medical Shares Surge Ahead of Q4 Earnings Report
Inspire Medical Systems stock climbed over 6% on Tuesday as investors positioned ahead of the company's fourth-quarter results and 2026 guidance update.