Stock Market News

ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by techgolly.com.

Latest Stock Market News

IBM Shares Drop 6% as Artificial Intelligence Fears Slow Software Growth

Key Points: IBM shares dropped 6% in after-hours trading following a noticeable slowdown in first-quarter revenue growth. Total revenue increased by 9% to $15.92 billion, missing the faster 12.2% growth seen in the previous quarter. Investors worry that new artificial intelligence tools from rivals like Anthropic will eat into IBM's core software business. The company's...

Adobe Announces $25 Billion Share Buyback to Calm Anxious Investors

Key Points: Adobe announced a massive share repurchase program worth up to $25 billion running through April 2030. The company's stock has fallen roughly 30% this year due to fears over new artificial intelligence design tools. Anthropic recently launched a powerful AI chatbot named Claude Design that competes directly with Adobe products. Longtime Adobe CEO...

Meta Stock Hits Key Resistance Ahead of Earnings

Key Points: Meta stock hit key resistance zone ( 690−690-690− 700) ahead of earnings. The zone includes 200-day MA and Fibonacci retracement level. Monday saw Meta as the worst-performing Magnificent Seven stock. Earnings report on April 29 is a major catalyst for future direction. Meta (META) has been a standout performer among the "Magnificent Seven"...