Active Stocks in Late US Trading: Corning, Tesla, Booz Allen Hamilton

Deep News03:11

Below are the companies drawing attention during US trading hours.

Investors pulled back from companies tied to data center infrastructure amid ongoing worries about hyperscaler spending on artificial intelligence. Specialty glass and fiber optic company Corning fell 3%, while photonics firms Coherent and Lumentum each dropped roughly 7%. GE Vernova, Eaton, and the Defiance AI & Power Infrastructure ETF (AIPO) all declined more than 1%.

Elon Musk's electric vehicle company declined for a third consecutive session, falling over 3% on Friday. Tesla Motors is on track for a weekly loss of nearly 19%. The stock tumbled nearly 15% on Thursday after the company signaled it would increase spending on artificial intelligence.

Shares of the defense contractor surged 12% after Booz Allen Hamilton reported first-quarter earnings that topped expectations. Adjusted earnings per share came in at $1.81, compared to the FactSet consensus estimate of $1.48. The consulting firm also reaffirmed its full-year outlook.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment