Tag: shares slide
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Shein shares slide 10% in long-awaited Hong Kong trading debut
HONG KONG, Sept 1 : Online fashion retailer Shein’s shares tumbled about 10 per cent in early Hong Kong trading on Tuesday as the company made its long awaited debut, capping a years-long effort to go public.The stock began trading at HK$48.56 each, in line with the final price set in the initial public offer
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Marvell shares slide as concerns over timing of Google AI deal revenue eclipse strong results
Aug 28 : Marvell Technology’s shares fell 8 per cent to $223.1 in premarket trading on Friday as concerns about the potential upside from its AI chip deal with Google overshadowed better-than-expected results from the semiconductor designer.The company secured a custom-chip deal with Alphabet’s Google last we
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Payments firm FIS shares slide after outlook cut
Aug 4 : Banking and payments processing firm Fidelity National Information Services cut its annual revenue and profit forecasts on Tuesday, amid economic uncertainty, sending its shares down more than 10 per cent in premarket trading.Here are some details:• Economic uncertainty linked to the Iran war
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Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast
July 30 : Qualcomm shares fell about 5 per cent in premarket trading on Thursday after the chipmaker’s warning about higher memory costs and a steeper decline in Apple revenue raised concerns about near-term profit growth.A surge in AI infrastructure spending has tightened semiconductor supply chains, driving
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SpaceX shares slide below IPO price for the first time as blistering rally unravels
July 15 : SpaceX shares dropped below their initial public offering price on Wednesday, a first for the company, just over a month after a frenzy over the rockets-to-AI firm powered the biggest IPO ever and made Elon Musk the world’s first trillionaire.Its shares slid 1.9 per cent to $133.5, falling below the
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Fast Retailing shares slide in Tokyo after Uniqlo operator’s results, yen warning
TOKYO, July 10 : Shares in the Japanese owner of clothing brand Uniqlo slid sharply on Friday after the company raised its profit forecast but warned about the impact of the weak yen.Fast Retailing slid as much as 5.1 per cent in early Tokyo trading. After the bell on Thursday, the company announced it was…
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Oracle shares slide as hefty AI spending, debt plans spook investors
June 11 : Oracle shares tumbled 12 per cent on Thursday as surging spending and a ballooning debt load fanned investor concerns about the cash burn in the company’s push to build out AI infrastructure.If the losses persist, the stock would log its biggest one-day drop since January last year, wiping off aroun
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