Nike Inc (NYSE:NKE) stock is down 7.4% to trade at $93.40, the worst Dow stock today by far, in the wake of the blue-chip apparel retailer's fiscal third-quarter quarterly report. Though Nike reported better-than-expected earnings and revenue thanks to sales and prices changes in North America, its shares are being dragged down by slowing growth in China.  No less than 12 analysts cut their price targets; RBC slashed its objective to $100 from $110 and also cut its rating to "sector perform" from "outperfor ...

Upbeat quarterly results and a strong revenue outlook pushed semiconductor name Micron Technology (MU) to record highs earlier earlier today, and is providing a halo lift to its peers. Marvell Technology Inc (NASDAQ:MRVL) and Western Digital Corp (NASDAQ:WDC) are among the handful of stocks benefitting from MU's rally.Marvell Technology stock was last seen up 3.8% to trade at $68.03, bouncing back from a pullback to the $63 level from a March 7, two-year high of $85.75. While shares are now back below the f ...

China-based Li Auto Inc (NASDAQ:LI) announced earlier it expects electric vehicle (EV) deliveries to come around 78,000 vehicles for the first quarter, as opposed to the 103,000 it previously anticipated, due to lower-than-expected order intake. The security is down 7.3% at $31.63 this morning.Li Auto stock has suffered several bear gaps in the past month that have place it below the 20-day moving average, a trendline that had been acting as support earlier this month. Overhead pressure at the $47 level tur ...

Shares of Broadcom Inc (NASDAQ:AVGO) are 2.9% higher at $1,313 before the bell, after TD Cowen upgraded the semiconductor maker to "outperform" from "market perform" and lifted its price target to $1,500 from $1,400. In its bull note, the analyst said the artificial intelligence (AI) business has the potential to provide even more tailwinds.There's been a lot of hype surrounding chipmakers and their respective equities, especially AI-darling Nvidia (NVDA), which just announced a new generation of AI chips. ...

Intel Corp (NASDAQ:INTC) was last seen up 1% at $42.45, following news it will receive $8.5 billion in government funding for high-end chip manufacturing, in addition to $11 billion in loans. The company plans to spend $100 billion in Arizona, New Mexico, Ohio, and Oregon to build and expand factories, and expects to get another $25 billion in tax breaks.The shares have struggled with overhead pressure at the $47 region since a late-January pullback, though long-term support from the 140-day moving average ...

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are 6.1% higher in premarket action, after the fast-casual chain's board of directors approved a 50-for-1 split -- the company's first stock split ever. In a statement, Chipotle's CFO Jack Hartung said the split will make CMG "more accessible to employees as well a a broader range of investors."Should these premarket gains hold, Chipotle stock will open at around $2,950, surpassing its March 18 record high of $2,813.99. The stock has ripped up the charts ove ...

Semiconductor giant Nvidia Corp (NASDAQ:NVDA) unveiled a new generation of artificial intelligence (AI) chips at its first ever GTC Conference in San Jose, CA. Despite the new AI developments and three price-target hikes, NVDA was last seen 3.7% lower at $851.63. Wells Fargo, Goldman Sachs, and Susquehanna all lifted their price objectives on the "Magnificent Seven" member, with the lattermost moving all the way up to $1,050 from $850 -- a more than 22% upside to last night's close. In response, the tech-he ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) is down 5.1% at $181.00, after Nvidia (NVDA) ramped up competition by unveiling a new flagship artificial intelligence (AI) chip during its annual developer conference. AMD sports a 96.9% year-over-year lead, despite cooling from its March 8, all-time high of $227.30, with long-term support from the 40-day moving average ready to contain this pullback. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ADM' ...

Barclays lifted its price target on Micron Technology Inc (NASDAQ:MU) stock to $120 from $95 ahead of this week's earnings report, anticipating "another strong beat and raise" from the company. MU initially jumped over 4% after the bull note today, though has since pared gains -- up 0.9% at $94.11 at last look. Micron Technology will report earnings after the close on Wednesday, Mar. 20. The options pits are pricing in a 16.2% swing after the event, regardless of direction, which is much larger than the 4.3 ...

Fortinet Inc (NASDAQ:FTNT) stock is up 2% at $68.06 at last check, as it trades within one standard deviation of its 50-day moving average, a historically bullish trendline that has provided tailwinds in the past. The shares already boast a 16% lead for 2024, and could soon make another run at a ceiling at the $74 level.  Per Schaeffer's Senior Quantitative Analyst Rocky White's data, the security saw at least two similar signals in the last three years, defined for this study as having traded north of this ...