Stock Market & Financial News
Fervo Energy stock jumps on Nvidia AI partnership despite wider-than-expected loss
Shares of Fervo Energy FRVO surged on Monday as investors looked past a wider-than-expected quarterly loss and instead focused on the geothermal company's new artificial intelligence partnership with Nvidia. The Houston-based geothermal startup, backed by Bill Gates, was up about 15% after announcing an agreement with Nvidia and the Pacific Northwest National Laboratory (PNNL) to develop a next-generation digital platform aimed at improving geothermal drilling operations.
FRVO How Is RTX Advancing Connectivity Across Modern Aviation Systems?
RTX expands connected aviation capabilities through advanced avionics, communications and data-management technologies.
RTX Micron's stock momentum builds as the company inks a new Anthropic partnership
The companies announced a supply agreement for memory and storage.
MU Can Target's $5 Billion Investment Plan Deliver Strong Returns?
Target's $5B investment push spans stores, remodels, supply chain and tech, with early margin and inventory gains as ROIC slips.
TGT 
Walmart International's Sales Gain Momentum: Can the Growth Continue?
Walmart International's sales rise as store gains, e-commerce growth, marketplace expansion and faster fulfillment deepen customer engagement.
WMT 
Ford vs. Stellantis: Which Auto Manufacturer Is a Better Choice?
F's stronger earnings outlook, pricing discipline and Ford Pro growth give it an edge over STLA, whose long-term plans face near-term headwinds.
F 
Why Tesla Fatal Accidents Don't Matter To The Company's Success
A woman in Texas was killed when a Tesla (NASDAQ: TSLA | TSLA Price Prediction) crashed into her home.
TSLA 
Is Costco Wholesale's Membership Model Getting Even Stronger?
Costco's membership model gains strength as executive upgrades, high renewals and solid fee income growth deepen member engagement.
COST 
AI Boom and HBM Demand to Boost Micron's DRAM Revenues in Q3
MU's DRAM revenues may have surged in Q3 as AI demand, HBM leadership and NVIDIA ties fuel one of its strongest memory markets in years.
HBM 
AbbVie to Buy Apogee Therapeutics for $10.9 Billion
Bloomberg Intelligence's Sam Fazeli discusses AbbVie's $10.9 billion acquisition of Apogee Therapeutics. The deal enhances AbbVie's presence in dermatology by adding treatments for atopic dermatitis, commonly known as eczema, to its portfolio.
ABBV 
Chevron stock slips despite long-term Microsoft AI power agreement
Shares of Chevron Corporation traded lower after the oil major announced a long-term agreement with Microsoft Corporation to supply electricity to a massive artificial intelligence data center in West Texas. Under the agreement, Chevron's unit, Energy Forge One LLC, will build a 2.67-gigawatt natural gas power plant under Project Kilby, a development expected to deliver electricity directly to a Microsoft-operated data center under a 20-year contract.
CVX 
Wall Street's Tests The Blockchain: XLM, XRP & HBAR In Focus
Wall Street's core settlement utility is preparing live tokenization pilots touching more than $100 trillion in assets.
Week ahead: Micron earnings to put AI rally to the test
Wall Street enters the final full week of June with investors juggling inflation, artificial intelligence and the health of the banking sector. After last week's Federal Reserve meeting under new Chair Kevin Warsh, attention now shifts to a busy slate of economic data, corporate earnings and Fed commentary that could help shape expectations for interest rates and market direction heading into the second half of the year.
MU 
Nio, XPeng, Li Auto, BYD, Polestar: Why are China EV stocks tumbling?
China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9.
XPEV 
XRP Ledger Attracts $1.7B in RWA Capital as Ethereum Declines
XRP Ledger recorded $1.7B in RWA inflows over 60 days, outperforming Ethereum, Solana, Polygon, and Arbitrum.
FIX vs. EME: Which HVAC Infrastructure Stock Is the Better Buy?
The growing need for data centers, AI infrastructure, semiconductor manufacturing and critical facility upgrades has created a favorable backdrop for mechanical, electrical and HVAC infrastructure companies. Contractors with strong execution capabilities and exposure to these long-term investment themes are benefiting from rising project demand and expanding backlogs.
EME 
How to Approach Abbott Stock Following Its Sharp YTD Decline?
ABT falls 29.4% YTD as respiratory testing weakness, China uncertainty and acquisition dilution pressure results and outlook.
SHCAY 
These 3 Bitcoin Miner Stocks Are Riding the AI Data Center Boom
"A rising tide lifts all boats" is a popular piece of market jargon, but you can see why it sticks during rallies like the AI gold rush. Anyone and everyone is trying to get into the data center game today, including some former Bitcoin miners strategically pivoting to the next big thing.
CORZ 
Tesla's operational gains obscured by widening robotaxi lag and valuation disconnect
Tesla Inc's (NASDAQ:TSLA) fundamentals are improving in visible ways: vehicle sales accelerating 15% year-on-year, battery storage deployment reaching 11Gwh with $3bn revenue, and auto gross margins recovering to 18.3%. Jefferies analyst sees genuine operational progress.
TSLA 
Fed hawkishness and stretched valuations offset Iran deal relief, Deutsche Bank says
Despite the interim US-Iran deal and a considerable fall in oil prices, risk assets have barely moved, with the S&P 500 still beneath its record high from early June and credit spreads widening. The puzzle reflects four competing forces, Deutsche Bank analyst Henry Allen argues.
DB 
AbbVie to acquire Apogee Therapeutics in $10.9B deal
Abbvie Inc (NYSE:ABBV) announced that it will acquire Apogee Therapeutics (NASDAQ:APGE) in an all-cash transaction valued at approximately $10.9 billion, adding a pipeline of clinical-stage therapies for inflammatory and immunological diseases, including atopic dermatitis and asthma. Under the terms of the definitive agreement announced Sunday, AbbVie will acquire all outstanding Apogee shares for $135.11 per share in cash.
ABBV 
Cardano to launch Leios testnet under Musashi Dojo name
Cardano's testnet launch signifies a strategic step towards enhancing scalability, ensuring long-term network sustainability and ecosystem growth. Cardano to launch Leios testnet under Musashi Dojo name.
Roku, Inc. (ROKU) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Roku (ROKU). This makes it worthwhile to examine what the stock has in store.
ROKU 
Here is What to Know Beyond Why Builders FirstSource, Inc. (BLDR) is a Trending Stock
Recently, Zacks.com users have been paying close attention to Builders FirstSource (BLDR). This makes it worthwhile to examine what the stock has in store.
BLDR 
This Top Construction Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
The Zacks Rank offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.
STRL 
Tutor Perini Corporation (TPC) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Tutor Perini (TPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
TPC 
General Motors Company (GM) is Attracting Investor Attention: Here is What You Should Know
General Motors (GM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
GM 
Here is What to Know Beyond Why Apple Inc. (AAPL) is a Trending Stock
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
AAPL 
Organon & Co. (OGN) is Attracting Investor Attention: Here is What You Should Know
Organon (OGN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
OGN 
Verizon Communications Inc. (VZ) Is a Trending Stock: Facts to Know Before Betting on It
Verizon (VZ) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
VZ 
