• AAPL
• AVGO
• CDNS
• LRCX
• MRVL
• MU
• NVDA
• ON
• ORCL
• TSLA

5 big analyst AI moves: Nvidia still top pick into 2025; MU, ORCL downgraded

Analysts make notable moves on AI stocks, with Nvidia and Tesla praised while Micron and Oracle face downgrades. BofA identifies key chip stocks for 2025 amid evolving trends.

• AEIS
• AMBA
• AVGO
• CDNS
• COHR
• CRNT
• LRCX
• MCHP
• MRVL
• MTSI
• NVDA
• ON
• SOX

'In AI we trust': Bank of America highlights 6 key chip stocks to own for 2025

Bank of America forecasts a 15% increase in semiconductor sales for 2025, recommending six stocks, including NVIDIA and Broadcom, while suggesting market shifts and rating changes.

• CDNS
• INTC

Exclusive-Intel's CEO-shortlist candidates include former board member Lip-Bu Tan, sources say

Intel is in the process of selecting a new CEO after ousting Pat Gelsinger, with Lip-Bu Tan being considered as a candidate among others.

• ADI
• ALGM
• ARM
• CDNS
• MPWR
• MXL
• NXPI
• ON
• SNPS
• TXN

Wells Fargo initiates coverage of chip stocks; ON Semiconductor, Arm at Overweight

• AMZN
• BA
• BKYI
• CDNS
• CL
• CRM
• DHI
• DJI
• EUR/USD
• F
• FFIV
• GC
• GLYC
• HD
• INCY
• IXIC
• KO
• LCO
• SWK
• TRV
• US500
• USD/JPY
• VIX

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.36%

U.S. stocks ended mixed with gains in technology, healthcare, and consumer services, while declines occurred in utilities. Notable performance shifts included significant price changes among top companies.

• CDNS

Earnings call: Cadence reports robust growth and raised EPS outlook for 2024

Cadence Design Systems reported strong Q3 2024 results with a 19% revenue increase, updated EPS outlook, and significant growth in AI-driven solutions and intellectual property business.

• CDNS

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence Design increased its annual profit forecast to $5.90 per share, attributed to AI demand, reporting significant revenue growth and optimistic projections for 2024.

• BOOT
• CDNS
• F
• FFIV
• NEE
• RMBS
• ROST
• TMDX
• VFC

After-hours movers: Ford, V.F. Corp, F5 Networks, Cadence Design and more

Stock movers showed Ford down 4%, V.F. Corp up 17%, Cadence up 7%, while Boot Barn fell 13%, F5 Networks gained 11%, and TransMedics dropped 27%.

• CDNS

Cadence Design Systems surges 6.5% on earnings beat, raised outlook

Cadence Design Systems' stock rose 6.5% after strong Q3 earnings exceeding expectations, with revenue increasing 19% YoY. The company raised its 2024 guidance amidst robust business growth.

• CDNS

Cadence Design earnings beat by $0.20, revenue topped estimates

Cadence Design reports Q3 EPS of $1.64, surpassing estimates. Forecasts for FY 2024 EPS and revenue align with analyst expectations. Stock shows mixed performance over recent months.