The stock has fallen around 30% so far this year as they trail rivals in producing advanced AI chips and components.
Read More Chipmaker Intel falls as AI competition hurts forecast
Tag: shares
Netflix slides as move to end sharing user count sparks growth worries
Netflix shares fell as its move to stop sharing subscriber additions and average revenue per member sowed doubts in investor minds.
Read More Netflix slides as move to end sharing user count sparks growth worries
Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
Morgan Stanley’s first-quarter profit beat estimates, fueled by a resurgence in investment banking and growth in wealth management.
Read More Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
Trump’s Truth Social Stock Shoots Up On First Day After Hitting Stock Market
Former U.S. President Donald Trump’s social media company Truth Social shot off to a blistering start in its stock market debut on Tuesday, surging more than 50% at the beginning of trading.
Read More Trump’s Truth Social Stock Shoots Up On First Day After Hitting Stock Market
Reddit shares soar 38% in market debut
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
Read More Reddit shares soar 38% in market debut
Unilever to spin off ice cream business, cut 7,500 jobs for cost savings
Investors sent shares in Unilever, one of the world’s biggest consumer goods companies, up nearly 6% at one point.
Read More Unilever to spin off ice cream business, cut 7,500 jobs for cost savings