Get the Latest Updates on Wall Street Companies ๐๐
Stay informed about the latest developments in the stock market with updates on various companies making headlines on Wall Street. From semiconductor stocks to consumer products makers, get the scoop on how these companies are faring ahead of the opening bell.
Recent Developments in Wall Street Companies ๐
Here are some of the recent updates on companies that are grabbing attention on Wall Street:
โ **Nvidia**: The semiconductor stock saw a 1.7% dip as investors reacted to the launch of new artificial intelligence chips. Analysts raised their price targets for Nvidia following the event.
โ Analysts raised their price targets for Nvidia after the launch of new AI chips.
โ **Advanced Micro Devices (AMD)**: The chipmaker experienced a more than 3% drop before the bell as competitor Nvidia unveiled a new generation of AI chips at a conference in San Jose.
โ AMDโs shares dropped as Nvidia introduced new AI chips at a developers conference.
โ **Unilever**: The consumer products maker surged by 2.7% after announcing plans to spin off its ice cream unit, which includes popular brands like Ben & Jerryโs and Magnum.
โ Unilever announced it would spin off its ice cream unit, impacting around 7,500 jobs.
โ **Coinbase, Riot Platforms**: Crypto stocks took a hit after bitcoinโs overnight tumble, with Coinbase and Riot Platforms each experiencing a 5% decline.
โ **Disney**: Shares of Disney dipped slightly following news that filmmaker George Lucas is supporting CEO Bob Iger in a proxy fight against activist investor Nelson Peltz.
โ **Super Micro Computer**: The tech stock plummeted over 10% after revealing a new stock offering of two million shares underwritten by Goldman Sachs.
โ **Tencent Music Entertainment**: Shares of this Chinese internet company rose by less than 1% post its fourth-quarter earnings report, which showed an increase in paying users but an overall revenue decline.
โ **dLocal**: Shares of this packaged software company fell by 13% due to an earnings miss in the fourth quarter, with full-year revenue guidance falling short of Wall Street expectations.
Hot Take on Wall Street Companies ๐ก
Keep an eye on these companies as they navigate through market challenges and opportunities. Stay tuned for more updates on how these developments impact their performance and stock prices.