- Shares of JPMorgan Chase & Co. JPM climbed 1.7% after a senior executive forecast third-quarter investment banking revenues to grow in low double digits and markets revenues to advance in the high teens.
- Shares of Core & Main, Inc. CNM plummeted 25.4% after it reported second-quarter fiscal 2025 revenues of $2.09 billion, which missed the Zacks Consensus Estimate of $2.12 billion.
- Apple Inc.’s AAPL stock fell 1.5% after its “Awe Dropping” product launch disappointed investors by delivering only incremental updates, particularly in artificial intelligence.
- Shares of Casey's General Stores, Inc. CASY jumped 3.8% after reporting first-quarter fiscal 2026 earnings of $5.77 per share, beating the Zacks Consensus Estimate of $5.01 per share.
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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.
Investors who bought shares like Nvidia at the right time have had a shot at huge gains.
But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.
Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.
Access AI Boom 2.0 now, absolutely free >>JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
Core & Main, Inc. (CNM) : 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.
