Welcome to Extreme Investor Network, where we bring you the latest updates on the companies making headlines in the world of finance. Today, we dive into the midday trading activity of some key players in the market.
Micron Technology, a leading memory chipmaker, saw its shares surge almost 15% after issuing strong guidance. As the demand for AI technology rises, companies like Micron are poised for growth. Other chip stocks like Applied Materials, ASML Holding, and Lam Research also saw gains of at least 4%.
On the flip side, Super Micro Computer’s shares plummeted over 12% following a report that the Justice Department has opened a probe into the AI server maker. Southwest Airlines, however, jumped 5.4% after raising its third-quarter revenue forecast and authorizing $2.5 billion in share buybacks.
Starbucks also saw a positive uptick of nearly 2% after Bernstein upgraded its shares to outperform, citing confidence in the company’s new CEO. NRG Energy boosted its full-year guidance, resulting in a 1.5% increase in shares.
Meanwhile, GE Healthcare saw a slight decrease after being downgraded by UBS, and Jefferies Financial posted earnings that fell short of estimates. On the brighter side, CarMax jumped 5% after surpassing sales estimates for the fiscal second quarter, while Jabil saw shares increase more than 11% on stronger-than-expected earnings and revenue.
New York Community Bank received an upgrade from Barclays, pushing its shares up over 7%. Bilibili, a Chinese internet company, saw a 15.4% increase in U.S.-listed shares following a Goldman Sachs upgrade, while Sonos fell 4.5% after a double-downgrade by Morgan Stanley.
Accenture, a professional services stock, rose 5.6% on better-than-expected fiscal fourth quarter results and strong guidance, proving to be a positive note in today’s trading activity.
Stay tuned to Extreme Investor Network for more insightful updates and analysis on the latest developments in the world of finance. Invest wisely and stay informed with us.