Nasdaq 100 futures fell about 2% amid a sharp selloff in semiconductor stocks, driven by concerns over AI-related chip demand. Major chipmakers like Micron, Sandisk, and SK Hynix saw significant declines despite some companies reporting strong earnings, such as Samsung. This selloff reflects growing skepticism about the sustainability of AI hardware valuations that had previously boosted the sector. Bitcoin also dropped roughly 2%, highlighting its close correlation with tech stocks as investors reduce risk exposure across both asset classes.
H&R Block's stock price target was raised to $60, reflecting a potential 12% upside after the company reported strong Q4 fiscal 2026 results with $1.14 billion in revenue and $2.38 adjusted EPS, beating expectations. The company is growing by attract...
Kontoor Brands reported Q2 earnings with an EPS of $1.50, surpassing estimates of $1.06, but revenue fell 11.2% year-over-year to $584.29 million, missing expectations. Despite the revenue decline, the company raised its full-year financial outlook a...
Citigroup reaffirmed its Buy rating on HUYA and raised the price target from $4.40 to $4.60 after HUYA reported an 11% year-over-year revenue increase in Q2 2026, reaching RMB1.74 billion. Growth was fueled by a 54.1% rise in game-related services an...
Aecom faces a securities fraud investigation after reporting a significant Q2 loss due to a $337 million pre-tax charge from project delays. Despite this, UBS sets a positive price target of $85, implying a 35% stock increase from current levels. The...
Global-e Online Ltd. reported strong Q2 2026 results, with revenue of $299 million, beating analyst estimates by 5.64% and marking a 39% year-over-year increase. Earnings per share rose to $0.27, surpassing expectations and up from $0.06 last year. T...
