Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
USA

INTC, AI, AAP, HPQ, etc.

A sign outside Intel headquarters in Santa Clara, Calif., January 30, 2023.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making the biggest moves at noon.

intel — Shares surged 4.83% after the semiconductor maker’s finance chief said the company could turn around soon. Chief Financial Officer David Jinsner said at a news conference that the company’s data center division is starting to hit a “turning point”, adding that China inventories should start easing from the third quarter onwards. He also said sales in the second quarter will hit the upper end of guidance.

Related investment news

CNBC Investment Club

advanced auto parts — Shares fell 35.04% after an auto parts retailer reported: Adjusted earnings per share of 72 centsThat’s well below analyst expectations of $2.57, according to Refinitiv. The company also missed earnings and lowered its quarterly dividend and full-year outlook.

Avis budget — Shares of the car-rental company rose 2.77% on Wednesday following its Deutsche Bank takeover Purchase upgraded stock. The bank said a share buyback announcement could be made in the second half of 2023, which could be a positive trigger for the stock.

Nvidia — The stock fell 5.68%, taking a breather from its recent rally. Nvidia rallied on Tuesday, sending tech stocks temporarily lower. Market capitalization exceeds $1 trillion. The stock is gaining traction as interest in artificial intelligence grows.

C3.ai — After the bell, the stock fell 8.96% ahead of the AI ​​software maker’s quarterly results. C3.ai has surged more than 250% so far this year.

Ambarella — Semiconductor stocks fell 11.76%. Ambarella said on Tuesday it expected second-quarter revenue to be in the $60 million to $64 million range, below analyst estimates of $67.2 million, according to Refinitiv.key bank downgraded the stock Post-report sector weight changed from overweight to overweight. The decline came despite Ambarella reporting smaller-than-expected adjusted losses in the first quarter.

Hewlett Packard Enterprise – The tech company’s shares fell 7.09% in a day after the company released mixed quarterly reports. Refinitiv said earnings per share beat analyst expectations, but revenue fell short of expectations in the quarter.

HP – The stock price fell by 6.05%. The move comes a day after the tech hardware company reported mixed quarterly results. HP’s revenue of $12.91 billion fell short of the $13.07 billion forecast by analysts surveyed by Refinitiv. Adjusted earnings per share were 80 cents, beating expectations of 76 cents.

SoFi technology – Shares of student loan refinancing companies rose 15.09%.The House of Commons is scheduled to vote on debt ceiling bill Wednesday. The package contains End student loan suspension.

micron technology – Chip shares fell 4.87% following the company’s presentation at the Goldman Sachs Global Semiconductor Conference. Micron said third-quarter trends were in line with guidance and didn’t see a need for an increase. However, Micron noted that its revenue growth guidance is near the high end of the aforementioned range.

Calvana – Shares fell 5.83%, wiping out some of the big gains seen so far this year. Shares surged earlier this month after Calvana announced that: achieve adjusted earnings sooner than expected. Carvana is up almost 160% year-to-date.

Twilio – Tech stocks rose 11.09%. News reports on Tuesday showed that activist investor Legion Partners had several meetings with Twilio’s board and management. Legion is considering changes to its board of directors and is asking it to consider selling the company, according to a source familiar with the matter. informationsaid a person familiar with the matter.

Regional Banks – Regional banks fell Wednesday, further widening May’s heavy losses. key corp lost 5.94%, Zions Bancorp decreased by 5.6%, Citizen Financial Group fell 5.12%, Trust Financial It fell 1.99%.

— CNBC’s Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel, and Fred Imbert contributed to the report.

Correction: A previous version of this article incorrectly stated that C3.ai was behind ChatGPT.

Summarize this content to 100 words A sign outside Intel headquarters in Santa Clara, Calif., January 30, 2023.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making the biggest moves at noon.intel — Shares surged 4.83% after the semiconductor maker’s finance chief said the company could turn around soon. Chief Financial Officer David Jinsner said at a news conference that the company’s data center division is starting to hit a “turning point”, adding that China inventories should start easing from the third quarter onwards. He also said sales in the second quarter will hit the upper end of guidance.Related investment newsadvanced auto parts — Shares fell 35.04% after an auto parts retailer reported: Adjusted earnings per share of 72 centsThat’s well below analyst expectations of $2.57, according to Refinitiv. The company also missed earnings and lowered its quarterly dividend and full-year outlook.Avis budget — Shares of the car-rental company rose 2.77% on Wednesday following its Deutsche Bank takeover Purchase upgraded stock. The bank said a share buyback announcement could be made in the second half of 2023, which could be a positive trigger for the stock.Nvidia — The stock fell 5.68%, taking a breather from its recent rally. Nvidia rallied on Tuesday, sending tech stocks temporarily lower. Market capitalization exceeds $1 trillion. The stock is gaining traction as interest in artificial intelligence grows.C3.ai — After the bell, the stock fell 8.96% ahead of the AI ​​software maker’s quarterly results. C3.ai has surged more than 250% so far this year.Ambarella — Semiconductor stocks fell 11.76%. Ambarella said on Tuesday it expected second-quarter revenue to be in the $60 million to $64 million range, below analyst estimates of $67.2 million, according to Refinitiv.key bank downgraded the stock Post-report sector weight changed from overweight to overweight. The decline came despite Ambarella reporting smaller-than-expected adjusted losses in the first quarter.Hewlett Packard Enterprise – The tech company’s shares fell 7.09% in a day after the company released mixed quarterly reports. Refinitiv said earnings per share beat analyst expectations, but revenue fell short of expectations in the quarter.HP – The stock price fell by 6.05%. The move comes a day after the tech hardware company reported mixed quarterly results. HP’s revenue of $12.91 billion fell short of the $13.07 billion forecast by analysts surveyed by Refinitiv. Adjusted earnings per share were 80 cents, beating expectations of 76 cents.SoFi technology – Shares of student loan refinancing companies rose 15.09%.The House of Commons is scheduled to vote on debt ceiling bill Wednesday. The package contains End student loan suspension.micron technology – Chip shares fell 4.87% following the company’s presentation at the Goldman Sachs Global Semiconductor Conference. Micron said third-quarter trends were in line with guidance and didn’t see a need for an increase. However, Micron noted that its revenue growth guidance is near the high end of the aforementioned range.Calvana – Shares fell 5.83%, wiping out some of the big gains seen so far this year. Shares surged earlier this month after Calvana announced that: achieve adjusted earnings sooner than expected. Carvana is up almost 160% year-to-date.Twilio – Tech stocks rose 11.09%. News reports on Tuesday showed that activist investor Legion Partners had several meetings with Twilio’s board and management. Legion is considering changes to its board of directors and is asking it to consider selling the company, according to a source familiar with the matter. informationsaid a person familiar with the matter.Regional Banks – Regional banks fell Wednesday, further widening May’s heavy losses. key corp lost 5.94%, Zions Bancorp decreased by 5.6%, Citizen Financial Group fell 5.12%, Trust Financial It fell 1.99%.— CNBC’s Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel, and Fred Imbert contributed to the report.Correction: A previous version of this article incorrectly stated that C3.ai was behind ChatGPT.
https://www.cnbc.com/2023/05/31/stocks-making-the-biggest-moves-midday-intc-ai-aap-hpq-and-more.html INTC, AI, AAP, HPQ, etc.

Back to top button