It’s time to dive into the biggest stock market stories on Wednesday. There’s loads of news out there, but TipRanks has highlighted all of the latest news worth reading about today.
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Trade IBM with leverage- Target (TGT) stock dropped as an executive departure overshadowed an earnings beat.
- NovaBay Pharmaceuticals (NBY) stock surged on a $6 million securities purchase agreement and new CEO announcement.
- Archer Aviation (ACHR) stock was down despite the company making test flight progress.
- President Donald Trump pinned housing problems on Federal Reserve Chairman Jerome Powell.
- Shineco (SISI) stock rallied after the company announced a Cellular Asset On-Chaining and Marketing Ecosystem Cooperation Agreement.
- International Business Machines (IBM) has invested $500 million in quantum computing and AI.
- Baidu (BIDU) stock was down after its latest revenue fell short of estimates.
- Lowe’s (LOW) stock was up after it announced the purchase of Foundation Building Materials (FBM) for $8.8 billion.
- EnVVeno Medical (NVNO) stock fell after the company received a rejection letter from the FDA.
- SoundHound AI (SOUN) stock decreased alongside an investor selloff of the shares.
- Apple (AAPL) is increasing its iPhone production in India as trade tensions increase.
- JPMorgan Chase (JPM) stock slipped on reports it will dedicate billions of dollars to a data center project.
- IBM revealed plans to release new AI tools as part of a collaboration with the United States Tennis Association (USTA).
- Snowflake (SNOW) stock received an upgrade and increased price target from top Bank of America analyst Bradley Sills.
- TJX Companies (TJX) stock climbed after the company beat Q2 estimates and raised its outlook.
- The White House has opened an official TikTok account.
- Salesforce (CRM) stock received praise from Citizens JMP analyst Patrick Walravens alongside a reiterated Buy rating and $430 price target.
- McDonald’s (MCD) stock rallied after the fast-food company announced cuts to its menu prices.
- Microsoft (MSFT) expanded a partnership with the NFL to provide them with AI-powered tools.
- Nexon (JP:3659) stock slipped after it was accused of stealing a streamer’s likeness for an AI ad.
Read more of the biggest stock market stories at TipRanks!