PayPal shares rallied nearly 17% following a report of a $53 billion takeover bid, while Aehr Test Systems surged on strong guidance. On the downside, Micron Technology and The Progressive Corp. saw significant declines in Wednesday's trading.
Options traders are anticipating a potential 9.1% swing in Texas Instruments' stock price following its earnings report on July 22. The chipmaker has a history of volatile reactions, with its stock move exceeding market expectations in five of the last eight quarters.
Oracle shares rallied after a Financial Times report identified the company as the front-runner to provide a high-security cloud system for Japan's government, offering a positive catalyst after a recent sell-off.
The philanthropic arm of the ice cream maker may suspend operations by year-end after its parent company, Magnum, cut its funding and evicted it from its offices, prompting a legal battle.
A new survey of 100 CIOs by Bernstein shows that corporate spending plans for IBM continue to deteriorate, placing the company among the weakest vendors for IT infrastructure even as the overall market outlook remains constructive.
Shares of Dell Technologies fell sharply as investors weighed concerns over a potential slowdown in AI server demand, rising costs, a valuation-driven downgrade, and significant insider stock sales.
The Athens General Composite index fell 0.89% on Wednesday, with significant losses in the banking and telecommunications sectors overshadowing gains in energy stocks.
Cintas shares jumped after the company reported fiscal fourth-quarter earnings and revenue that topped analyst estimates, and issued an optimistic financial outlook for fiscal 2027.
Apple is reportedly considering acquisitions of semiconductor startups to enhance its AI data center performance, as it faces internal chip delays and relies on partners for demanding workloads.
