Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology, a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added …
The latest earnings season has eased concerns about a potential artificial intelligence bubble. Increased spending by hyperscalers and other companies has reinforced confidence in the demand for AI infrastructure and software solutions. Investors keen on capitalizing on the AI boom can track recommendations from top Wall Street analysts, who give key insights into a company’s …
Check out the companies making the biggest moves premarket: Dollar Tree — The discount retailer surged more than 11% after the company reported adjusted earnings of $1.74 per share in the first quarter. Analysts polled by FactSet expected earnings of $1.53 per share. Revenue also came in above expectations, as did current quarter and full-year …
Datadog surged 31% on Thursday after reporting blockbuster earnings and lifting its guidance for the year, showing how some software names are starting to prove their case as winners in artificial intelligence. Quarterly revenue topped $1 billion dollars for the first time. The pop fueled rallies in shares of Snowflake and MongoDB, which each climbed …
Check out the companies making the biggest moves midday: Planet Fitness — The gym operator fell nearly 33% after it lowered its full-year earnings outlook. The company now sees its bottom line growing about 4% year on year. That’s down from a forecast that called for an expansion of 9%-10%. Vital Farms — The eggs …
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, May 6, 2026. Michael Nagle | Bloomberg | Getty Images Futures linked to the S&P 500 were little changed on Wednesday night after the index touched new highs, buoyed by hopes that the U.S. and Iran were …
President Donald Trump on stage as gun shots heard at the White House Correspondents Dinner in Washington, D.C. on April 25th, 2026. Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. The attempted shooting at the White House Correspondents’ Association Dinner dominated headlines over the weekend, …
India’s Prime Minister Narendra Modi (L) takes a group photo with AI company leaders including OpenAI CEO Sam Altman (C) and Anthropic CEO Dario Amodei (R) at the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Software giants are seeing their worst stock performance in years …
Morgan Stanley says there are still plenty of stocks that offer investors attractive upside heading into their earnings reports. The investment bank says companies like Spotify have more room to run ahead of their next quarterly reports. Other stocks rated buy at Morgan Stanley and screened by CNBC Pro include: Datadog, Warner Music Group, S …
Here are Thursday’s biggest calls on Wall Street: Bank of America reiterates Tesla as buy Bank of America said it’s sticking with the stock following Wednesday’s earnings. “We rate Tesla shares Buy as we view the company as the current leader in consumer autonomy and expect it to quickly become a leader in robotaxi services. …