Wall Street Pit

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Microchip Stock Soars 11% - Wall Street Bets the Bottom Is In

1 week ago | wallstreetpit.com | Ben Atlin

Microchip Technology (MCHP) shares rose 11% to $54.52, hitting an intraday high of $58.06, after forecasting fiscal first-quarter 2026 revenue of $1.02 billion to $1.07 billion and adjusted EPS of 18 to 26 cents, surpassing analyst expectations despite a 40% stock decline over the past year.
Lyft Stock Soars 22% on $750M Buyback, Bullish Demand Outlook

1 week ago | wallstreetpit.com | Yoel Beinart

Lyft Inc. (LYFT) stock surged 22% to $15.84 after reporting $4.16 billion in first-quarter gross bookings, up 13% and above the $4.15 billion forecast, with rides increasing 16% to 218.4 million, beating expectations of 215.1 million. The company expanded its share repurchase program to $750 million, planning to use $500 million within 12 months, including $200 million in the next three months, while projecting 10% to 14% gross bookings growth for the second quarter.
Dow, S&P 500, Nasdaq Futures Climb as US-China Trade Talks Loom

1 week ago | wallstreetpit.com | Ron Haruni

Stock futures rose modestly on Friday, with Dow Jones Industrial Average futures up 59 points (0.14%) to 41,527.00, S&P 500 futures up 18 points (0.31%) to 5,702.00, and Nasdaq-100 futures up 85.50 points (0.42%) to 20,233.50, driven by optimism surrounding U.S.-China trade talks in Geneva.
Boeing Stock Takes Off as Trump Announces U.K. Trade Deal

1 week ago | wallstreetpit.com | Yoel Beinart

Boeing’s (BA) stock rose 4.22% to $193.39, hitting an intraday high of $194.75, driven by a $10 billion U.K. plane order and optimism for further international deals. Despite a $435 billion order backlog, Boeing’s stock rally reflects confidence in expanding global markets, critical as nearly half of its 2024 revenue came from international sales.
Intel’s 18A Scores Big with Microsoft as Google, NVIDIA Circle In – Report - Wall Street Pit

1 week ago | wallstreetpit.com | Yoel Beinart

Report suggests that Intel (INTC) has signed a major foundry deal with Microsoft (MSFT) using the 18A process, with talks underway with Google (GOOG), marking a milestone under CEO Lip-Bu Tan to compete with TSMC and Samsung. Intel’s 18A process is in risk production, with volume manufacturing expected this year, and enhanced variants 18A-P (2026) and 18A-PT (2028) in development, alongside early 14A PDK sharing with partners.
Nvidia Stock Climbs as Cathie Wood Jumps Back In

1 week ago | wallstreetpit.com | Ben Atlin

Nvidia’s (NVDA) stock increased 1.3% to $118.67 in premarket trading, fueled by the Trump administration’s decision to rescind the AI diffusion rule, enhancing Nvidia’s global AI chip market prospects. Cathie Wood’s Ark Invest acquired 107,661 Nvidia shares, reflecting strong investor confidence in Nvidia’s pivotal role in AI innovation and growth.
Nvidia Stock Climbs as Trump Moves to Scrap AI Chip Export Controls

1 week ago | wallstreetpit.com | Yoel Beinart

The Trump administration’s decision to rescind the AI diffusion rule, set to take effect on May 15, led to a 3% rise in Nvidia’s stock price, closing at $117.06, reflecting market optimism. The rule, criticized as overly complex, would have restricted exports of advanced AI chips by Nvidia, AMD, and Intel to countries based on a three-tier system, potentially hindering U.S. innovation.
Fed Holds Firm on Rates, Shrugs Off Trump’s Push for Cuts

1 week ago | wallstreetpit.com | Ben Atlin

The Federal Reserve kept interest rates steady at 4.25% to 4.5% for the third consecutive meeting, resisting President Trump’s calls for cuts amid rising economic uncertainty from his tariff policies. Fed Chair Jerome Powell highlighted elevated risks of inflation and unemployment due to tariffs, noting the economy contracted in Q1 2025 for the first time in three years, driven by trade disruptions.
Apple Says Google Searches Declined in April for First Time Ever

1 week ago | wallstreetpit.com | Ron Haruni

Alphabet’s stock fell nearly 8% in midday trading after Apple’s Eddy Cue testified that Google searches via Safari dropped in April, threatening the $20 billion annual revenue-sharing deal, as reported by CNBC. Apple is exploring AI search alternatives like Perplexity and Anthropic for iOS, while the DOJ considers ending Google’s default search exclusivity, causing Cue to “lose sleep” over potential revenue loss.
Google Stock Slides After Apple Flags First-Ever Drop in Search Traffic

1 week ago | wallstreetpit.com | Ron Haruni

Alphabet’s (GOOGL) stock dropped nearly 8% in midday trading Wednesday after Apple’s (AAPL) Eddy Cue testified that Google searches via Safari declined in April, potentially jeopardizing the $20 billion annual revenue-sharing deal. Apple is exploring AI search alternatives like Perplexity and Anthropic for iOS, while the DOJ considers ending Google’s default search exclusivity, causing Cue to “lose sleep” over potential revenue loss.