Computers/Consumer Electronics

There may be another shoe to drop after Micron’s big outlook miss

Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter revenue of $6.8 billion to $7.6 billion, whereas analysts tracked by FactSet had been modeling $9.15 billion. Micron’s chief executive acknowledged that “the industry demand …

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Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says

Exactly how much bounce is left in this bear market? A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply …

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Atari turns 50, and the godfather of video games talks about how to change the world

“‘Schopenhauer always talked about creative destruction. New innovations often destroy old dominance. And that’s what you kind of want to do, because you’re not going to beat Microsoft at their game. But you can beat them at a game that you own.’” That’s Atari founder and mass-market video game creator Nolan Bushnell’s advice to the …

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Zendesk shares soar 35% after report of buyout deal

Zendesk Inc. ZEN, +1.29% shares soared 35% to $78.36 in after-hours trading Thursday following a report from The Wall Street Journal that the company is close to a deal with a group of buyout firms. A deal with a group that includes Hellman & Friedman LLC and Permira could be struck in the coming days …

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Tesla stock has ‘gone on sale,’ according to one analyst. Here’s what investors should do

Tesla Inc. stock is caught up in the tech selloff as well as some company and industry headwinds, but that doesn’t mean investors should shy away from the “highly attractive entry point” the pullback has created. That’s from CFRA analyst Garrett Nelson, who said in a note Tuesday that even though Tesla TSLA, +9.35% shares …

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Oracle stock jumps 15% on strong cloud revenue

Oracle Corp.’s push to shift more of its business to the cloud paid off in its fiscal fourth quarter, and its stock was benefiting late Monday. The Silicon Valley giant beat the top and bottom line with a sharp bump in cloud-license and on-premise license revenue (up 18% year-over-year to $2.5 billion) and moderate gains …

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These 19 big tech stocks have now dropped at least 60% from their 52-week highs

The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% from 52-week highs is below. The consumer-price index report for May from the Bureau of Labor Statistics came …

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‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase, and are now unemployed

When Hao Jia received an email from Coinbase that his job offer had been rescended, he was on his way to watch “Top Gun: Maverick,” the blockbuster movie starring Tom Cruise. Jia’s girlfriend had asked him to watch it for her because she was in China, where the film has not been released, and she …

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Microsoft joins chorus of tech companies warning about the effects of a strong dollar

Microsoft Corp. cut its guidance due to a headwind that’s been a dominant talking point for tech companies reporting earnings of late: The strong dollar is making business more expensive. Microsoft MSFT, +0.79% executives disclosed Thursday in a PowerPoint presentation that due to an “unfavorable foreign exchange rate movement in the fourth quarter,” they were …

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Small-cap growth stocks are at their lowest P/E valuation in at least 24 years.

Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Alger, FactSet The chart shows the weighted forward …

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