Amazon.com Inc
Stocks making the biggest moves midday: Marvell Technology, Amazon, Zscaler, Teladoc and more
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria’s Secret sees revenue coming in between $1.3 billion and $1.33 billion during the period, while analysts polled by LSEG had estimated $1.39 billion. Management cited an […]
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Marvell plunges 18% as outlook falls short of high expectations
Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Marvell Technology shares plummeted more than 17% after the chipmaker’s guidance fell short of some elevated buyside estimates. For the first fiscal quarter, the chipmaker said it expects sales of about $1.88 billion. That was just ahead of the $1.87 billion expected by analysts polled by […]
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Stocks making the biggest moves premarket: Marvell Technology, MongoDB, Macy’s, Alibaba and more
Check out the companies making headlines before the bell. MongoDB – The database software maker tumbled 18% after issuing weak guidance for fiscal 2026. MongoDB anticipates adjusted earnings per share of $2.44 to $2.62, below the $3.34 per share expected from analysts polled by LSEG. It guided for revenue of $2.24 billion to $2.28 billion, […]
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Charts show that a recent Amazon sell-off is a big buying opportunity, says Carter Worth
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Amazon’s 19% sell-off from its 52-week high one month ago is seen as a buying opportunity. The stock is in a well-defined uptrend, and uptrends are characterized by countertrends (sell-offs). This pullback, as seen in the charts below, is very similar in terms of […]
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Amazon’s One Medical CEO stepping down after less than two years at helm
A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California. Justin Sullivan | Getty Images One Medical CEO Trent Green will step down from the Amazon-owned primary care provider after less than two years in the role. Green is leaving One Medical to become CEO of […]
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Healthy Returns: AbbVie is the newest potential weight loss drug market player
A sign stands outside an Abbvie facility in Cambridge, Massachusetts. Brian Snyder | Reuters A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. The booming weight loss drug market has gained a new potential competitor. AbbVie […]
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Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030
Target plans to double down on its third-party marketplace, media network and same day delivery services to drive more than $15 billion in revenue growth over the next five years, it said Tuesday at an investor meeting in New York City. The retailer’s plans to grow its business and better compete against rivals like Walmart […]
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Tech stocks are down 7% since Trump’s inauguration as trade war fuels uncertainty
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Technology […]
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AI cloud provider CoreWeave files for IPO
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market. In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, 62% of CoreWeave’s revenue came from Microsoft. […]
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Three stocks that could reenergize the AI trade this week
The artificial intelligence trade could get a boost this week with three semiconductor companies set to report earnings after a rough period for the group, according to Bank of America. “We expect beat/raise results from AVGO, MRVL and CRDO to re-energize interest in [artificial intelligence] semis, since capex by U.S. cloud customers and sovereign AI […]
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