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.

'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.

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.

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

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.

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.

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.

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%.

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.

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.