Apple
from24/7 Wall St.
2 days agoApple Hits Near-Record High, While Chip Stocks Face Pullback Risk After Massive Rally
Apple's valuation is debated due to a high forward P/E ratio, while chip stocks face scrutiny over their rapid price increases.
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fromFast Company
4 months agoAI chip and tech stocks are falling again after gloomy Oracle earnings reignite bubble fears. Here's the latest
As of the time of this writing, ORCL shares are down over 12% as investors unpack its results: On the surface, the numbers look good. Non-GAAP earnings per share (EPS) were up 54% and total revenue was up 14%. However, as noted by CNBC, while Oracle's non-GAAP EPS beat LSEG analyst expectations of $1.64, analysts were expecting higher total revenue figures: $16.21 billion versus the $16.1 billion Oracle delivered.
Artificial intelligence
fromLondon Business News | Londonlovesbusiness.com
5 months agoBank of England may cut rates tomorrow - London Business News | Londonlovesbusiness.com
Chip names bore the brunt of the selling, with Micron -7%, Nvidia -4%, Intel -6% and Broadcom -3%. AMD fell 3.7% and extended its decline by another 5% despite beating estimates on revenues and earnings and raising its Q4 sales guide. Momentum tech suffered enormously with quantum stocks - adjacent to AI and bid up on speculative momentum - down about 10% yesterday. Palantir tumbled 8% and was down a further 3% in after-hours trading.
Artificial intelligence
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