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PRAA News6 articles
Qualcomm Jumps on Nvidia CEO Praise, Bullish JPM Target
Qualcomm shares rose 3.3% in premarket trading after Nvidia CEO Jensen Huang praised the company and JPMorgan raised its price target to $265, ahead of its June 24 investor day.
Marvell Hits Record as Huang's Praise Fuels AI Chip Rally
Marvell Technology shares surged 32.5% to a record after Nvidia CEO Jensen Huang called it the next trillion-dollar company, driving a broader chip rally. The stock now trades near 100 times earnings, with high expectations for AI-driven growth.
Nebius Hits Record High on Nvidia Praise and Major Stake
Nebius shares hit a record high of $264.51 after Nvidia CEO Jensen Huang called it a 'world-class AI cloud' and a major AI fund disclosed a 5.6% stake, with strong Q1 revenue and a $20-25B capex plan.
Spirit Airlines Grounding Offers Temporary Relief for Pratt & Whitney Engine Shortage
Spirit Airlines' grounded A320neo fleet is releasing Pratt & Whitney GTF engines into a tight spare market, offering temporary relief for airlines. However, lease rates remain high and delays persist.
Pilots' Praise for United Merger Idea Heightens Pressure on American Airlines
American Airlines pilots union called United CEO Scott Kirby's rejected merger a 'bold vision,' raising pressure on American's board but stopping short of endorsing a deal. Antitrust hurdles persist.
Nvidia CEO Praises Meta's AI Profitability Amid Heavy Tech Spending
Nvidia CEO Jensen Huang highlighted Meta as a leader in monetizing AI, as the social media giant projects up to $135 billion in 2026 capital expenditures. Meta's Q4 revenue grew 24% to $59.9 billion.