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DRVN News30 articles
Natural Gas Futures Dip as Rising Supply Tempers Heat-Driven Rally
U.S. natural gas futures eased 0.6% to $3.234 as rising supply countered bullish weather forecasts. July contract gave back Monday's gains, with storage at 5.8% above the five-year average.
Super Micro Faces Early Test After Nvidia-Driven Rally
Super Micro Computer (SMCI) fell 6.3% in premarket trading after a sharp rally, as the market assesses a new Nvidia-based AI server launch and an analyst upgrade against financing and order risks.
Marvell's S&P 500 Debut Ends Lower Despite AI-Driven Rally
Marvell Technology shares dropped 0.9% in their S&P 500 debut, closing at $307.86, despite a 262% YTD rally driven by AI infrastructure demand. Analysts' price targets remain below the current level.
Nokia shares slide 22% from peak as AI-driven rally faces Q2 test
Nokia shares have dropped 21.9% from their June 3 high, wiping out €18.5 billion in equity value, as the market awaits Q2 results on July 23 to validate the AI-optical network rally.
Micron's AI-Driven Surge Faces Crucial Earnings Test on June 24
Micron Technology shares surged 8.7% to a record close ahead of its June 24 earnings, seen as a pivotal test for the AI chip rally. The market expects strong results, but any sign of slowing demand could trigger a sharp selloff.
PCE Data and Micron Earnings Set to Test AI-Driven Rally
The S&P 500 and Nasdaq approach record highs ahead of key May PCE inflation data and Micron earnings, which could influence Fed policy and the AI rally.
Micron Hits Record High, All Eyes on AI-Driven Earnings Next Week
Micron shares hit a record close of $1,133.99, up 8.7% Thursday, ahead of its fiscal Q3 earnings on June 24. The stock gained 15.5% in a holiday-shortened week as investors bet on sustained AI-driven demand for memory chips.
Teradyne to Join Nasdaq-100 After AI-Driven Weekly Surge
Teradyne surged 7.19% to $437.92 ahead of its Nasdaq-100 inclusion, capping an 8.6% weekly gain driven by AI-linked test demand and index fund buying.
AI-Driven Healthcare Fraud Surge Strains Insurers, Coverage Gaps Widen
AI is fueling healthcare fraud with fake medical records and bot calls, driving up costs and exposing coverage gaps as insurers scramble to adapt.
Kioxia Shares Surge to Record High on AI-Driven NAND Demand
Kioxia Holdings surged 12.1% to a record high of ¥108,600 on strong profits and AI-driven NAND demand, with investors betting on disciplined supply and long-term data center deals.
Lam Research and Kulicke & Soffa Rally on AI-Driven Semiconductor Demand
Lam Research (LRCX) and Kulicke & Soffa (KLIC) shares surge on strong AI chip demand and earnings optimism, while Block (SQ) shows undervaluation potential amid high P/E ratios.
Nokia Rallies on Lenovo Patent Pact and AI-Driven Optical Expansion
Nokia gained 1.3% to €12.20 on a Lenovo patent pact and optical/defense updates, but undisclosed terms and a 119% YTD surge raise the bar for earnings on July 23.
Applied Materials Surges on Citi's AI-Driven Price Target Hike
Applied Materials shares jumped 6.7% to $606.53 after Citi raised its price target to $710 from $550, citing AI-driven chip-equipment demand. The broader semiconductor equipment sector also rallied.
Nokia Shares Retreat as AI-Driven Rally Pauses Ahead of Q2 Report
Nokia shares dropped 3.32% in Helsinki as the AI trade cools, with investors awaiting July 23 Q2 results to validate a 74% three-month rally.
KLA Surges on Stock Split and AI-Driven Analyst Optimism
KLA Corporation (KLAC) surged 5.55% to $254.54 on its first split-adjusted day, boosted by a 10-for-1 stock split and analyst upgrades tied to AI-driven semiconductor equipment demand.
Figma Stock Extends Slide Despite Robust AI-Driven Revenue Growth
Figma shares continued their decline, dropping to $18.12 amid an eight-day losing streak that wiped out $4.1 billion in market value, despite strong AI-fueled revenue growth and an upgraded full-year outlook.
Nokia Tumbles 7% as Nvidia's 6G Ambitions Cast Doubt on AI-Driven Growth
Nokia shares fell 7% on Tuesday amid reports that Nvidia is entering the 6G space, stoking fears over Nokia's AI growth narrative and its ability to maintain market share.
Nokia Debt Sale Dampens AI-Driven Stock Surge
Nokia shares slid after issuing €500 million in debt, cooling an AI-driven rally as investors weigh the sustainability of AI and cloud demand growth.
Broadcom's AI-Driven Rally Faces Earnings Reality Check
Broadcom reports earnings Wednesday after a $280 billion rally, with investors looking for AI revenue growth.
UiPath Stock Slips After AI-Driven Earnings Surge; ARR Growth in Focus
UiPath shares retreated to $12.18 after surging 12% on strong Q1 results and first-ever GAAP profitability, as Wall Street weighs agentic AI potential against rising competition.
Applied Materials Hits Record High on AI-Driven Chip Demand
Applied Materials shares surged nearly 7% to a record high after CFO Brice Hill raised its 2026 growth forecast above 30%, driven by AI-related chip factory investments.
AI-Driven Inflows Lift QQQM Despite Zscaler's Guidance Miss
QQQM rose 0.2% to $306.54 on $835M inflows, driven by AI leaders Nvidia, Apple, and Microsoft, while Zscaler fell 8.9% on weak guidance, showing volatility in growth funds.
CrowdStrike Earnings Preview: AI-Driven Surge Faces Crucial Test
CrowdStrike shares fell 2.2% to $764.67 ahead of Wednesday's Q1 results. Options imply a potential 9.5% move as the market weighs AI demand against elevated valuation.
ServiceNow Retreats in Premarket After AI-Driven Rally
ServiceNow shares fell 2.17% in premarket trading Tuesday after a 9.24% surge Monday fueled by Nvidia's AI chip launch. The company reported strong Q1 results but faces margin headwinds from acquisitions and delayed Middle East contracts.
Palantir Navigates AI-Driven Rally Amidst Analyst Divergence
Palantir shares slipped in premarket Tuesday after a rally. Q1 revenue jumped 85% to $1.633B, with raised 2026 outlook. Analysts remain divided on valuation.
UiPath Stock Jumps on AI-Driven Growth, Analysts Remain Wary
UiPath shares jumped 11.77% on Monday after Q1 revenue rose 17% to $418 million and guidance improved, but analysts stayed cautious on growth and competition.
SanDisk Surges as Wall Street Lifts Target to $3,250 on AI-Driven NAND Demand
Susquehanna boosted its SanDisk price target to $3,250, reflecting surging AI-driven demand for NAND memory. The company reported Q3 revenue of $5.95B, up 251%, and signed $42B in minimum revenue contracts.
Twilio Shares Jump 14.7% on Raised Outlook, AI-Driven Growth
Twilio shares surged 14.7% to $218.75 after raising its 2026 outlook and reporting Q1 revenue up 20% to $1.41 billion, driven by AI demand and gross-profit growth.
Micron's AI-Driven Surge Puts Rival Samsung Under Pressure
Micron Technology (MU) is riding a wave of AI server demand, nearing a $1.11 trillion market cap. UBS tripled its price target to $1,625, while rivals like Samsung push new HBM chips.
Marvell Stock Holds Near Record Highs After AI-Driven Revenue Boost
Marvell Technology shares ended Friday at $205.00, gaining 4.4% for the week after reporting record Q1 sales of $2.418 billion and raising its AI-led revenue outlook.