- Applied Materials, Inc.’s AMAT shares tumbled 14.1% after it issued a grim sales and profit outlook, stoking concerns that the U.S.-China trade dispute was hampering demand.
- Shares of UnitedHealth Group Incorporated UNH jumped 12% on Berkshire Hathaway Inc.’s (BRK.A) announcement of a $1.6 billion stake, signaling strong investor confidence amid the company’s recent challenges.
- Wells Fargo & Company’s WFC shares fell 2.9% on financial stocks, losing out in the session.
- Shares of Eli Lilly and Company LLY gained 2.7% on reports emerging that a major collaboration deal worth up to $1.3 billion with Superluminal Medicines to develop obesity and cardiometabolic treatments was in the cards.
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The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.
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Access AI Boom 2.0 now, absolutely free >>Wells Fargo & Company (WFC) : Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
Berkshire Hathaway Inc. (BRK.A) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
