The stock market continued to tumble Monday following President Trump’s tariff war with the rest of the world. Apple shares were down 5% Monday as China has been hit hard with tariffs and has responded with its own tariffs. Most of Apple’s products are made in China. NVIDIA actually saw its shares go up slightly […]
Stocks
Upstart Shares Rocket on Strong Earnings
SAN MATEO — Upstart Holdings, which operates an artificial intelligence (AI) lending marketplace, announced financial results for the quarter and full year ended December 31, 2024. Shares in the company rocketed over 30% on the news Wednesday. “In Q4 of 2024, our business grew dramatically across all product categories, delivered Adjusted EBITDA at levels not […]
DeepSeek Sends Silicon Valley Stocks Into Deep Dive
A newly released AI app from Chinese firm DeepSeek has sent several of the top Silicon Valley stocks into a deep dive Monday. DeepSeek was released this weekend and has become the No. 1 app downloaded on Apple’s App Store. The company reportedly used only $5 million to create its AI technology, which is a […]
Broadcom Shares Hit All-Time High
PALO ALTO — Broadcom shares hit another all-time high Friday, climbing $56.05 to close at $1,735.04. The company soared after reporting second quarter results and a 10-for-1 stock split. For the fiscal second quarter, Broadcom reported revenue of $12.487 billion for the second quarter, up 43 percent from the prior year period. Net income was […]
Super Micro Shares Spike 12.4%
Super Micro Computer shares soared Thursday 12.44% to close at $871.10. The huge increase came with no news coming from the San Jose-based company but likely rose in tandem with Broadcom, which also soared 12.2% today after announcing a 10-for-1 stock split and strong earnings. Track all markets on TradingView Super Micro is a Total […]
Applied Materials to Pay 40 Cent Cash Dividend
SANTA CLARA — Applied Materials announced that its Board of Directors has approved a quarterly cash dividend of $0.40 per share payable on the company’s common stock. The dividend is payable on Sept. 12, 2024 to shareholders of record as of Aug. 22, 2024. The cash dividend is a key component of Applied’s capital allocation […]
Lam Research Hits All-Time High This Week
Shares in Lam Research hit an all-time high on Monday, reaching $1,008.50. Shares dropped $3.32 on Tuesday to close at $999.75. Based in Fremont, Lam Research is a leading manufacturer of wafer-fabrication equipment for the semiconductor industry. The company announced last week a 10-for-1 stock split to be effective after market close on Wednesday, October […]
Apple Shares Climb 7% in One Day
Apple gained over $200 billion in market cap in just one day Tuesday. Shares in the second most valuable company rocketed over $14 after announcing new artificial intelligence features in upcoming software for iPhones, iPads and Macs. Apple’s market cap ended the day at $3.176 trillion, about $400 billion from Microsoft with $3.216 trillion. Track […]
Reddit Shares Pop on First Earnings Report
SAN FRANCISCO — Shares in online discussion forum Reddit surged over 16% Tuesday in after-hours trading when the company released first quarter earnings for 2024. This was the first earnings report for Reddit as a publicly-traded company. “It was a strong start to the year and a milestone quarter for Reddit and our communities as […]
NVIDIA, AMD, Super Micro Shares Soar Thursday
It was a spectacular trading day for three major Silicon Valley companies led by NVIDIA, which reported blockbuster earnings on Wednesday afternoon. Shares in NVDA climbed $110.53 or 16.4% to close at $785.25. Track all markets on TradingView Both AMD and Super Micro climbed on the good news from NVIDIA. Track all markets on TradingView […]
Palo Alto Networks Stock Gets Rocked
Palo Alto Networks stock lost 28% Wednesday after releasing earnings the day before and reducing its full-year guidance. Shares in the company dropped $104 to close at $261.97. Track all markets on TradingView