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ASML Gains Wall Street Momentum as AI Demand Drives Chip Tool Orders
Technology Sarah Chen

ASML Gains Wall Street Momentum as AI Demand Drives Chip Tool Orders

Coatue Management disclosed a $655.4 million stake in ASML, and UBS raised its price target to €1,900, highlighting ASML's critical role in AI chip production.

ASML AMAT KLAC LRCX NVDA TSM MU
Tech and AI Stocks Drive S&P 500 and Nasdaq Higher Amid Oil Price Surge
Markets Daniel Marsh

Tech and AI Stocks Drive S&P 500 and Nasdaq Higher Amid Oil Price Surge

The S&P 500 and Nasdaq gained Tuesday, led by Micron crossing $1 trillion in market cap, as AI chip demand countered a rise in Brent crude above $100 and a drop in consumer confidence.

MU MRVL INTC QCOM LLY SPY QQQ
Tech Stocks Propel S&P 500 and Nasdaq Higher; Dow Slips on Energy and Healthcare Weakness
Markets Daniel Marsh

Tech Stocks Propel S&P 500 and Nasdaq Higher; Dow Slips on Energy and Healthcare Weakness

The Dow slipped 0.26% on Tuesday as UnitedHealth and Chevron weighed, while the S&P 500 and Nasdaq rallied on tech and AI stocks. Oil prices climbed amid geopolitical concerns.

UNH CVX MU MRVL INTC QCOM AAPL CSCO IBM MRK CAT HON CRM MMM XOM SPY QQQ IWM
Western Digital Soars to Record on HDD Demand for AI Data Centers
Technology Sarah Chen

Western Digital Soars to Record on HDD Demand for AI Data Centers

Western Digital shares surged 10% to a record $532.74 after Evercore ISI boosted its price target to $575, highlighting the critical role of HDDs in AI infrastructure.

WDC STX MU
Walmart Maintains $140 Target Despite Consumer Caution
Earnings James Calloway

Walmart Maintains $140 Target Despite Consumer Caution

Walmart shares fell 1.1% to $118.91 after Q1 revenue rose 7.3% to $177.8B. Analysts maintain $140 targets but flag consumer caution and potential inflation.

WMT TGT
Okta Stock Upgrade Highlights AI Security Demand Ahead of Earnings
Earnings James Calloway

Okta Stock Upgrade Highlights AI Security Demand Ahead of Earnings

Arete Research upgraded Okta to Buy from Sell with a $127 target. The move comes ahead of fiscal Q1 earnings, with Wall Street watching AI-driven security demand.

OKTA
Honeywell's Quantum Unit Sets Sights on $12.7B Valuation in IPO
IPO Michael Okonkwo

Honeywell's Quantum Unit Sets Sights on $12.7B Valuation in IPO

Quantinuum aims for a $12.7B valuation in its U.S. IPO, seeking up to $1.05B. Honeywell will retain about 49% voting rights.

HON IONQ RGTI QBTS IBM
Arm Stock Retreats After AI Rally as Nvidia Rivalry Intensifies
Technology Sarah Chen

Arm Stock Retreats After AI Rally as Nvidia Rivalry Intensifies

Arm Holdings shares slipped Tuesday after a 46.5% rally last week, as Nvidia's new Arm-based CPU and $81.6B quarterly revenue raise the stakes in AI chips.

ARM NVDA META AMZN GOOGL MSFT ORCL TSM INTC MU
Dell's AI Earnings Test Looms After Record Stock Run
Earnings James Calloway

Dell's AI Earnings Test Looms After Record Stock Run

Dell Technologies shares rose ahead of its fiscal Q1 earnings report, with investors keen on AI server demand and profit margins. Options pricing signals a potential 10% move.

DELL HPE NVDA HPQ
QQQ Rises on AI Strength, Iran Deal Hopes
Markets Daniel Marsh

QQQ Rises on AI Strength, Iran Deal Hopes

Invesco QQQ Trust gained 1.3% in early trading Tuesday, driven by strong AI demand from Nvidia and optimism over a U.S.-Iran agreement.

QQQ NVDA AAPL MSFT AMZN GOOGL SMH SPY
Fidelity Bolsters Active ETF Team with State Street Hire
Markets Daniel Marsh

Fidelity Bolsters Active ETF Team with State Street Hire

Fidelity International appoints Elisa Prezzavento as director of ETF product strategy, hiring from State Street to expand its active ETF lineup in Europe and Asia-Pacific.

FIS
Vertiv Stock Splits Opinion as AI Bets Diverge Among Funds
Markets Daniel Marsh

Vertiv Stock Splits Opinion as AI Bets Diverge Among Funds

Vertiv (VRT) attracts divided institutional interest: New Age Alpha ups stake 466%, while two other funds reduce holdings. AI data center demand lifts Q1 sales 30%.

VRT