AMC Entertainment's stock dropped 21% ahead of its stock conversion, part of the company's efforts to eliminate debt and increase authorized common shares.
Oracle stock jumped 3% after UBS analyst Karl Keirstead upgraded the rating, citing the company's potential in both cloud business and artificial intelligence.
HP's stock dropped 5.6% after posting lower-than-expected revenue for the fiscal third quarter, while PVH's stock climbed 2.6% on strong financial results and an improved outlook.
HP Inc.'s stock dropped 10.7% in after-hours trading following mixed financial results and a cautious outlook, with CEO Enrique Lores noting that the external environment has not improved as expected and PC pricing has been a challenge, but the availability of AI products in late 2024 is expected to boost sales.
Shares of HP dropped 7% after the company reported a fiscal third-quarter revenue miss, with quarterly revenue of $13.20 billion falling short of estimates.
Oracle stock closed trading Tuesday up 2.5% after an analyst upgraded the company's stock, citing its cloud business growth and potential as an artificial intelligence leader.
C3.ai stock falls after the company withdraws its profit forecast, despite posting solid results for its latest quarter.
C3.ai Inc. shares dropped 8% in after-hours trading following the release of quarterly results, despite the company's positive performance and CEO's statement on strong traction with enterprise AI applications.
Oracle is set to release its earnings, and the focus will be on its success in the artificial intelligence sector.
Oracle narrowly missed market expectations for first-quarter revenue due to reduced spending on cloud services, leading to a drop in shares, but the company's advancements in networking technology make it well-suited to capture AI workloads and potentially boost its cloud infrastructure business.
Oracle exceeded earnings estimates for its fiscal first quarter, but its sales were in line with expectations, causing a 9.2% drop in Oracle stock during after-hours trading.
Oracle's stock is facing a decline, but now is a good time to invest in its AI potential.
The Dow Jones Industrial Average dropped due to disappointing earnings from Oracle, while attention will shift to key inflation data, including the Consumer Price Index and the Producer Price Index, later this week.
Shares of Oracle Corp. are set to suffer their worst one-day performance in 21 years after the software and cloud services company reported disappointing earnings and provided a downbeat outlook for the next quarter.
Oracle's shares plunged more than 12% and its Chair, Larry Ellison, lost $18 billion in wealth following disappointing revenue and weaker-than-expected guidance, despite the company's focus on artificial intelligence and cloud services.
Oracle shares dipped 13.5% after disappointing earnings and revenue guidance, while WestRock rose 2.8% following news of a merger with Smurfit Kappa, and Apple shares fell 1.8% ahead of the launch event for its new iPhone.
Stocks slump as Oracle and Apple experience losses, with the Nasdaq Composite having its first losing day in three, while Apple's new iPhone 15 and iPhone 15 Pro fail to boost investor interest in the company.
Investor fear is causing tech stocks like Oracle and Apple to drop, according to CNBC's Jim Cramer, who believes the selling is unwarranted given the lack of clear negatives and recommends investors to tap into Oracle before it starts its "mammoth buyback."
Apple's stock dropped 7.2% in the week leading up to the iPhone 15 launch, the largest decline ever for an iPhone release, signaling investors' lack of enthusiasm for the company's stagnant growth compared to other S&P 500 companies.
Despite optimistic earnings predictions, the current market math suggests that stock prices are likely to drop substantially due to high price-to-earnings ratios and rising interest rates.
Rivian's stock dropped 8.7% after the electric vehicle maker announced a $1.5 billion convertible bond sale and issued disappointing guidance for the third quarter.
Rivian's stock plunges 22.9% in response to its sales outlook and convertible debt offering, marking the largest percentage drop on record.