Shares of home energy technology company Enphase (NASDAQ:ENPH)
fell 6.8% in the afternoon session after Barclays downgraded the stock from Buy to Sell, citing the potential repeal of "section 25D" which had been largely discounted. Section 25D helps homeowners claim tax credit for solar energy and storage installations and the firm thinks the removal of the tax credit might hurt ENPH's financials.
Shares of exercise equipment company Peloton (NASDAQ:PTON)
jumped 5.5% in the morning session after Macquarie upgraded the stock from Hold to Buy, citing the turnaround potential. The firm noted that management's continued optimism about near-term cash generation, as emphasized in the latest earnings release, strengthened the investment case at current valuation levels.
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA)
jumped 6% in the afternoon session after the company said it would sell more than 18,000 of its AI chips (GB300 Blackwell chips) to Saudi Arabian company Humain to be used in a 500 megawatt data-center project. The agreement also includes further expansion with "several hundred thousand" additional chips potentially planned for delivery within five years.
Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 15.8% in the afternoon session after Raymond James analysts initiated coverage of the stock with a Buy rating and a price target of $41. The analysts called out SMCI's leadership in "AI-optimized infrastructure," noting that artificial-intelligence platforms represented approximately 70% of the company's sales.
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
jumped 8.9% in the afternoon session after Bank of America analyst Perez Mora raised the stock's price target to $150 while maintaining a Buy rating.
Wharton Professor of Finance and WisdomTree Senior Economist Jeremy Siegel says the U.S.-China trade deal was a lot better than anyone was anticipating, and he expects it to stay that way.
Bristol-Myers Squibb will pay $350 million to settle Hawaii's lawsuit over Plavix marketing practices, ending claims without admitting wrongdoing and avoiding trial.
SoftBank reports 10.2% growth in net sales, driven by Arm Holdings' 38.3% rise. Vision Fund investments turn a profit, plans $100B AI infrastructure venture.
