Wall Street’s main preoccupation this week could be summed up like this: Is the software sell-off overdone or does it signify the start of an unraveling AI bubble? Software stocks continued their rout on Thursday, with the iShares Expanded Tech-Software Sector ETF (IGV) down more than 9% week to date. Anthropic’s latest updates to Claude…
Elizabeth Warren (L) and Sheikh Tahnoon bin Zayed Al Nahyan (R) Getty Image | Reuters Sen. Elizabeth Warren, D-Mass., will ask the Senate on Thursday to condemn and call for the reversal of the sale of 500,000 advanced artificial intelligence chips to the United Arab Emirates. Warren’s resolution, shared exclusively with CNBC, comes after a…
In this photo illustration the Estee Lauder Companies Inc. logo seen displayed on a smartphone with Estee Lauder Companies Inc. logo in the background. Thiago Prudencio | Lightrocket | Getty Images Estée Lauder said Thursday it’s expecting a $100 million hit to its full-year profitability because of tariff impacts. The beauty company’s stock tumbled more…
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan May 19, 2025. Ann Wang | Reuters Qualcomm shares plunged 10% after the chipmaker issued disappointing guidance as skyrocketing demand for artificial intelligence data centers eats away at memory chip supply for consumer electronics. On an earnings call with analysts, Qualcomm CEO…
Various cans of alcoholic ready-to-drink beverages including Captain Morgan Rum and Coke, Bacardi MoJito, Archers and Lemonade, Malibu and Pineapple, Pina Colada Cocktail and Gordon’s Gin and Tonic are displayed for sale in a supermarket on January 10, 2024. John Keeble | Getty Images The U.S. alcohol industry had another sobering year in 2025. Spirits…
The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty Images Kalshi on Thursday announced new initiatives to expand its surveillance and enforcement frameworks as skepticism builds around the booming predictions market space. The announcement comes days before Super Bowl 60, which has…
After Wednesday’s momentum stock slide, Wall Street is racing to figure out if there’s a simple rotation at play or if the bull market is breaking down. The iShares MSCI USA Momentum Factor ETF (MTUM) slid 3.7% on Wednesday, marking its worst day since the tariff-induced market panic in early April. More than 1.8 million…
Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Nvidia as buy Goldman says it’s sticking with Nvidia ahead of earnings in late February. “We expect investors to focus on (1) directional commentary on visibility into 2027; (2) non-traditional customer demand trends; (3) competitive dynamics; (3) China business trends.” Benchmark initiates…
Peloton posted a worse-than-expected holiday quarter on Thursday after shoppers failed to shell out for its new AI-driven product line and turned away from higher subscription prices. The connected fitness company missed Wall Street’s estimates on the top and bottom lines and fell short of its own internal sales targets in the three months ended…
Check out the companies making the biggest moves in premarket trading: Qualcomm — The chipmaker sank nearly 11% as a global memory shortage hurt its forecast . Qualcomm expects fiscal second-quarter adjusted earnings of between $2.45 and $2.65 per share on revenue of $10.2 billion to $11 billion. Analysts polled by LSEG were expecting $11.11…
