To The Moon

Broadcom stock soared after it delivered its fiscal fourth-quarter earnings report last week.Though it delivered strong earnings growth, investors now seem to think the rally was overdone.Chip stocks fell broadly on Tuesday.After a two-session surge driven by the emergence of the chipmaker's artificial intelligence business in the fiscal fourth-quarter earnings report it delivered on Thursday, $Broadcom$ fell on Thursday alongside the broader semiconductor sector.While there wasn't any company-

Intel CEO Pat Gelsinger to retireDec 2 (Reuters) - Chipmaker Intel INTC.O said on Monday CEO Pat Gelsinger will retire from the company. (Reporting by Arsheeya Bajwa in Bengaluru) ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

Raymond James cut Micron price target to $125 per share from $160 but says it’s standing by the stock.Micron shares slumped over 5% in morning trading.“High Bandwidth Memory for AI applications is an incremental opportunity for the company and we expect Micron to gain its fair share over time.”

Intel's ambitious 2026 targets have not been met, leading to significant investor angst and the sharpest decline in its stock price seen since 1975.Management is actively working to restore investor c

Price: 23.70, Change: -0.14, Percent Change: -0.59

$Palantir Technologies$ was in focus on Friday as investment firm Monness, Crespi, Hardt downgraded the enterprise software maker, citing worries in the space.Shares fell 3% in premarket trading.The results from enterprise software companies that reported recently were "largely downbeat," analyst Brian White said. White cut his rating on Palantir to Sell from Neutral and put a $20 price target on the stock.And with the "preeminent" companies in the space, such as Salesforce , Workday and others

** Palantir Technologies shares fall 3.6% to $24.62 premarket after analysts at Monness Crespi Hardt double downgrade the data analytics firm to "sell" from "buy" ** MCH analyst Brian White believes valuation has reached a "a gluttonous extreme" after a near 50% rise YTD and ~167% surge in 2023 ** "On the back of a dismal earnings season for enterprise software and the failure of this 18-month gen AI propaganda cycle to deliver more than de minimis revenue for most companies in the industry, we believe the market will increasingly shun software stocks with excessive valuations," White says ** MCH issues PT of $20; median PT on the stock is $23.50 and avg rating "hold" - LSEG data ** Stock is trading at forward P/E of 70.76

The booming AI revolution is raising expectations through the roof for companies directly engaged in building and expanding the industry. Palantir’...