
Coherent (COHR) has lost momentum in recent weeks, even as the artificial intelligence boom continues and its main rival, Lumentum, has surged. COHR is trading at $239, down 45% from its high for the year. Technical signals suggest the stock could be close to a bearish breakout, even as Marvell Technology reportedly weighs a takeover […]
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Google stock (GOOG) fell 13.18% to $279.47 within minutes of Thursday’s open, a drop of $42.42 a share that strips roughly $522 billion from a market value now at $3.44 trillion. The fall came the morning after Alphabet reported third-quarter revenue of $127.58 billion, up 25%, and cloud revenue of $30.71 billion, up 103%. Neither […]
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Amazon has printed the quarter, and the tape did not pay it. Net sales were $201.9 billion, up 12 percent. AWS net sales increased 39.3 percent to $46.0 billion, the fastest growth in nearly five years, at a $184 billion annualized run rate. Operating income was $28.1 billion and the margin was 13.9 percent, which […]
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Intel shares plunged in after-hours trading on Thursday after the chipmaker issued a weaker-than-expected fourth-quarter outlook, overshadowing stronger earnings and rapid growth in its data-centre and artificial intelligence business. The stock fell 17% to $75.84 after the company reported third-quarter revenue of $16.5 billion, up 21% year over year but slightly below Wall Street expectations […]
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