According to Bloomberg, Commerce Secretary Howard Lutnick has indicated he may withhold Chips Act grants as he presses semiconductor companies to expand their U.S. manufacturing investments.
The sharpest price target revisions came from Craig-Hallum, which lowered its target from $70 to $55, and Northland, which cut its projection from $66 to $48.
President Donald Trump proposed eliminating the federal semiconductor grant during a joint session of Congress on Wednesday.
According to the latest Stocktwits polls, MARA and RIOT shareholders are adding to their positions after earnings results despite the crypto market slump.
Most sell-side analysts tempered their opinions by citing the moderation in revenue growth to 26% from 29% in the previous quarter.
CEO Thomas Siebel said the company expanded its global distribution network and advanced its leadership in agentic and generative AI.
The buy now, pay later firm’s revenue jumped 46.6% to $866.4 million, exceeding the Street estimate of $807.6 million.
Wolfspeed’s rally marks a sharp recovery after five consecutive trading sessions of losses, during which the stock plummeted nearly 40%.
Small-cap stocks have underperformed the large caps in the past year. SPDR Portfolio S&P 600 Small Cap ETF SPSM has gained 9.8% in the past year (as of Jan. 6, 2025) versus 25.4% gains in the SPDR S&P...
KeyBanc said the risk/reward ratio for c3.ai stock is unfavorable as it traded at a premium to the company’s growth peers in terms of enterprise value.