Yesterday, analyst Ronald Epstein from Bank of America adjusted his projected value for Intuitive Surgical’s shares from $16 to $10.50. This new valuation resulted in an “underperform” rating. Surprisingly, the stock price for Intuitive Machines actually increased by 1.2% upon this announcement.
For the quarter, TSMC surpassed expectations by reporting $2.47 per American depository receipt, compared to the forecasted $2.28. This exceeded the prediction significantly. The company also reported sales of NT$933.8 billion, equivalent to approximately $30.1 billion.
Let me explain how this transaction aligns with Marita Zuraitis’s usual trading patterns: This sale falls in line with her median trade volume of 5,000 shares, but it is significantly smaller than the larger trades she makes approximately 25% of the time, which average around 52,758 shares. On average, Marita engages in about 7.3 trades per year, suggesting a fairly active trading frequency.
In the recent past, you might remember that the stock prices of a company manufacturing semiconductor memory dropped, following Edgewater Research’s prediction that the cost and demand for computer memory chips could decrease in the latter part of 2025.
As of 12:27 p.m. ET, shares of Plug Power are up 5.6%, retreating from an earlier climb of 9.2%.
Today, Uber Technologies revealed that they have chosen Lucid as a significant automobile supplier for their robotaxi projects. In the future, Uber plans to acquire these vehicles from Lucid and manage them by implementing autonomous-vehicle technology from Nuro. Additionally, Uber invested $300 million in Lucid as part of this arrangement.
As of 12:12 p.m. ET, the stock was up 6.8% on the news.
In simpler terms, Oklo is moving forward in the process of potentially constructing a small modular reactor at INL. Specifically, they are now eligible to submit an application for permission to do so. However, it’s important to note that whether or not their application will be approved by the NRC is still undecided.
Today, there seems to be no recent business-related updates for BigBear.ai, but its value is significantly increasing due to positive market trends. The surge in Palantir’s stock reaching a new high today might also be positively influencing BigBear.ai’s share price.
The price of XRP’s token has been surging, fueled by the U.S. House of Representatives’ “Crypto Week” initiative and a positive trend in the overall crypto market. Over the past three months, its value has increased by 46%.