Investors pulled a net $4.8 billion from U.S. equity funds in the first weekly outflow in three weeks, driven by a sharp selloff in semiconductor stocks that overshadowed positive economic signals, according to LSEG Lipper data.
Shares of Intuitive Surgical fell sharply after the company reported a slowdown in its core U.S. da Vinci procedure growth, sparking investor concern despite second-quarter earnings and revenue that surpassed analyst estimates.
Apple Inc. is on the verge of overtaking Nvidia Corp. as the world's most valuable company, with both tech giants valued near $4.90 trillion, signaling a potential shift in investor focus within the artificial intelligence sector.
According to an analysis by Investing.com, software firm Adobe Inc. has emerged as the top S&P 500 company when measured against Warren Buffett's acquisition principles, citing a potential 57% upside to its fair value.
A new Morgan Stanley survey of value-added resellers shows strengthening demand for Cisco Systems, with the firm positioned as the top vendor to benefit from AI and data center modernization spending.
The German equipment manufacturer lifted its revenue and profit margin targets for the full year, citing strong preliminary first-half results that surpassed analyst expectations.
The Amazon-owned self-driving car company is issuing a software update for its entire fleet after a vehicle entered a smoke-obscured fire scene, highlighting broader regulatory concerns about AVs interfering with first responders.
Citi analysts named Fox its 'Top Pick,' arguing the market has excessively punished the stock following its Roku acquisition announcement and is underestimating potential synergies.
Analysts at Bernstein identified paint and coatings maker Akzo Nobel as their highest-conviction tactical call for the second quarter, citing overly pessimistic market expectations. The firm also warned that specialty chemicals company Solvay carries the weakest near-term risk-reward profile.
