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Latest reporting and analysis tagged with stock market.
Intel shares rose 7.3% Tuesday after a KeyBanc upgrade. Analyst John Vinh said Intel's chip progress positions it to become the world's No. 2 foundry behind TSMC, with yields improving and major clients evaluating its technology.
Major U.S. stock indexes fell Wednesday as bank and tech stocks declined, though most stocks rose and oil companies provided support.
Nvidia's stock rose slightly as the U.S. authorized H200 chip exports to China, but Chinese officials restricted purchases to select companies. Broader markets declined while semiconductor rivals gained.
American Airlines shares fell over 4% on Tuesday, with high trading volume, after Delta Air Lines reported mixed earnings and expressed concerns about potential credit card rate caps.
UPS shares have fallen 45% from their 2022 peak as package volumes drop and margins shrink, with recent FAA aircraft groundings adding logistical strain.
Major U.S. stock indexes fell Wednesday as bank and tech stocks declined, despite gains for most stocks and a rise in oil prices. Wells Fargo, Bank of America, Citigroup, Nvidia, and Broadcom dropped, while Exxon Mobil and smaller companies advanced.
Intel shares rose sharply Tuesday after KeyBanc upgraded the stock to Overweight with a $60 price target, citing strong AI server CPU demand and tight supply projections for 2026. Trading volume was significantly above average.
Microchip Technologies stock has risen over 32% in the past year, buoyed by AI and memory trends. The company recently reported strong quarterly earnings and was named a key outperformer by Mizuho for 2026.
US stock indexes closed lower Tuesday. Software stocks dropped after an AI tool preview, and credit card companies fell on Trump's interest rate cap comments. Inflation data eased concerns briefly.