Check out the companies making headlines in cloud trading: Nvidia – Shares of the artificial intelligence darling rose 1.8% after KeyBanc raised its price target to $180, representing about 40% from Monday’s close. The company said demand for Nvidia’s H100 chip “remains strong” despite Blackwell’s launch in the second half of the year. Helen of Troy – Home appliance stocks fell nearly 28%, hitting a new 52-week high on the session. The company posted an earnings loss for the first quarter of fiscal 2025 before the bell, earning 99 cents per share, excluding items. Analysts polled by FactSet expected earnings of $1.59 per share. The company also cut its full-year guidance. UiPath – The software stock fell 7% after the company announced plans to cut about 10% of its global workforce, with most of the reductions expected to take place by the end of the first quarter of fiscal 2026. The company said it was part of. restructuring plan to manage operating costs. Jumia Technologies – Shares of the company surged 30%, hitting a new 52-week high after Benchmark initiated coverage of the stock with a buy rating. The $14 price target represents about 65.5% of Monday’s close. The company believes that its e-commerce platform is at an inflection point, citing the demographic transformation of the region and its position as a pan-African leader with services created specifically to capture demand as a catalyst. Chemours – Shares of the chemical company gained 2% after receiving an upgrade to buy from neutral at UBS. The company sees potential for higher performance, citing demand and price drivers that are relevant for 2025. BP – Shares of the US-listed oil and gas giant fell 4.5% after the company warned it would post a loss of up to $2 billion in the second. quarter and anticipate weak refining margins, which the company said will weigh on earnings results. Lucid – Shares of the electric vehicle company added nearly 1% after rallying around 8% in the previous session. Lucid jumped after the company said it delivered 2,394 vehicles in the second quarter, marking a 70% year-over-year increase. Novo Nordisk – Health care stocks fell about 1.7%. On Monday, a study published in JAMA Internal Medicine found that the active ingredient in Eli Lilly’s Mounjaro and Zepbound – tirzepatide – is more effective in reducing weight than semaglutide, which is the active ingredient in Novo Nordisk’s Ozempic and Wegovy. Shares of Eli Lilly rose about 1%. Sony — Shares rose nearly 4% after Paramount Global parent company National Amusements and Skydance Media agreed on a merger. The transaction has already attracted bids from Sony and Apollo, CNBC reported. Tesla – Shares of the electric vehicle company rose more than 4%. Morgan Stanley stuck with an overweight rating on Tesla, noting that the company’s share of the global battery electric vehicle market in May was 15%. Shares are on track for 10th positive day. Corning – The specialty glass maker added nearly 4%. A day earlier, Corning raised its expectations for second-quarter core sales to about $3.6 billion, compared to its previous outlook of about $3.4 billion. The company also said that it expects core earnings per share at the end or slightly above the management’s guidance from 42 cents to 46 cents. – CNBC’s Yun Li, Pia Singh, Sarah Min and Darla Mercado contributed reporting.
(tagsTo Translate)Top News: Market
