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Intel Surges on Analyst Optimism Over AI Server CPU Demand
Intel shares rebounded 2.43% to $110.80 on Tuesday, snapping a five-day decline, as analysts boosted price targets on AI server CPU demand. The stock faces key tests from Nvidia earnings and foundry challenges.
Klaviyo Stock Stays Near Low Amid Slowing Growth and Insider Sale Filing
Klaviyo shares closed Tuesday near their 52-week low after a sharp post-earnings decline. A Form 144 insider sale filing and CFO departure add to investor caution as growth slows.
Meiwu Technology Extends Rally After AI Skincare Funding
Meiwu Technology shares jumped 97% Tuesday and rose 12% premarket after the company raised $15.65 million for an AI skincare platform.
Astera Labs Surges on AI Networking Optimism Ahead of Nvidia Earnings
Astera Labs shares surged 13.3% on Tuesday as investors cheered management's comments on faster Scorpio X switch ramps and optical networking tied to Nvidia's NVLink Fusion.
Snowflake Stock Surges on Upgraded Price Target Ahead of Quarterly Earnings Release
Snowflake shares climbed 3.2% to $169.55 after BofA Securities boosted its price target to $205, anticipating robust fiscal Q1 results. The company reports earnings May 27.
European Markets Slip as UK Inflation Eases; M&S and Experian in Focus
European stocks dipped on Monday as UK inflation eased, with M&S rising on strong results and Experian falling despite record earnings. Bank Indonesia surprised with a 50 bps rate hike.
Viavi Solutions Plunges on $500M Stock Offering for Debt Reduction
Viavi Solutions shares dropped 7.1% after-hours Tuesday after the company announced a $500 million stock offering to repay debt, potentially adding 10.1 million new shares.