Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 1.3% in the morning session after Wolfe Research upgraded the stock's rating to Outperform from Peerperform.
Shares of health insurance company UnitedHealth (NYSE:UNH)
jumped 4.7% in the morning session after the company provided a positive update on its Medicare Advantage business and reaffirmed its full-year 2025 earnings guidance. In a regulatory filing, the health insurance giant announced that based on a preliminary review, it expects approximately 78% of its Medicare Advantage members to be enrolled in plans rated four stars or higher. This rating is crucial because plans that achieve this threshold in the government's Star Rating system qualify for valuable bonus payments, which can directly boost the company's revenue.
The news provides investors with increased confidence in a key segment of UnitedHealth's business. In addition to the promising Medicare outlook, the company also confirmed it would maintain its previously issued adjusted earnings per share forecast for 2025, signaling stability in its financial projections.
Hundreds of billions of dollars are being spent on artificial intelligence software and infrastructure. These companies are already benefiting from AI demand.
Nvidia Corporation (NASDAQ: NVDA) has seen its price target slashed by Citi due to increasing competition in the artificial intelligence (AI) chip market.
OpenAI CEO Sam Altman warned that AI conversations on Twitter and Reddit "feel very fake" amid bot concerns, even as developers increasingly favor Codex over Anthropic's Claude and the company pushes into custom AI chip production with Broadcom.
On Monday, the tech-heavy Nasdaq Composite climbed to a new high despite the ongoing uncertainty regarding the state of the U.S. economy and the rate outlook.
Semiconductors are the picks and shovels of modern technology. The amount of data we ingest is also increasing exponentially, leading to elevated demand for chips with more processing power.
This secular trend bodes well for the industry, which has posted a six-month gain of 28.1% and beat the S&P 500 by 12.4 percentage points.
The artificial intelligence revolution continues its relentless march, transforming industries and reshaping the global economic landscape. At the forefront of this seismic shift are semiconductor giants NVIDIA (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO), whose pivotal roles in powering AI infrastructure have propelled them to unprecedented heights. Their robust performance and
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL)
jumped 2.9% in the afternoon session after a series of analyst ratings and broader positive sentiment in the semiconductor sector. Over the past month, five analysts have weighed in on the company. Four firms—JP Morgan, Needham, Barclays, and Wells Fargo—maintained their positive "Overweight" or "Buy" ratings. However, B of A Securities bucked the trend by downgrading its rating to "Neutral." The upward movement also appears linked to broader strength in the chip industry. Optimism is being fueled by continued demand for artificial intelligence applications and positive results from competitor Broadcom, which helped ease recent concerns about the AI trade. This comes as investors look ahead to the SEMICON Taiwan 2025 conference, a major industry event set to begin this week.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Monday as we examine the latest happenings in today's session.
