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Yahoo
39 minutes ago
- Yahoo
Why Appian (APPN) Shares Are Trading Lower Today
What Happened? Shares of low-code automation software company Appian (NASDAQ:APPN) fell 3.3% in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. Despite the downturn, some analysts viewed this as an opportunity to own some of the "Core AI winners." Dan Ives of Wedbush Securities commented, "In our view, the tech bull cycle will be well intact for at least another 2-3 years, given the trillions being spent on AI infrastructure/software/chips/power/apps looking ahead. This remains our tech playbook and investor roadmap." Additionally, mixed earnings reports from retailers, such as Target, have added to the market's weakness. Investors are closely monitoring these reports for insights into the broader economic health and the potential impact of new tariffs on inflation. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Appian? Access our full analysis report here, it's free. What Is The Market Telling Us Appian's shares are very volatile and have had 21 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 3.3% on the news that the SaaS sector continued to rally as favorable inflation data bolstered hopes for a Federal Reserve interest rate cut. This optimism was largely driven by a benign July Consumer Price Index (CPI) report, which solidified investor expectations for a Federal Reserve interest rate cut. Following the release of the inflation data, which showed a year-over-year increase of 2.7%, the probability of a rate cut in September surged to over 96%. Lower interest rates are typically beneficial for growth-oriented technology stocks, as they can reduce borrowing costs and increase the present value of future earnings. Adding to the positive sentiment was a 90-day delay in the imposition of higher tariffs on Chinese goods, which reduced trade-related uncertainty for the technology sector. Appian is down 12.9% since the beginning of the year, and at $28.90 per share, it is trading 30.5% below its 52-week high of $41.56 from November 2024. Investors who bought $1,000 worth of Appian's shares 5 years ago would now be looking at an investment worth $538.38. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
39 minutes ago
- Yahoo
Noodles, GoodRx, Micron, Custom Truck One Source, and CarMax Shares Are Falling, What You Need To Know
What Happened? A number of stocks fell in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. Despite the downturn, some analysts viewed this as an opportunity to own some of the "Core AI winners." Dan Ives of Wedbush Securities commented, "In our view, the tech bull cycle will be well intact for at least another 2-3 years, given the trillions being spent on AI infrastructure/software/chips/power/apps looking ahead. This remains our tech playbook and investor roadmap." Additionally, mixed earnings reports from retailers, such as Target, have added to the market's weakness. Investors are closely monitoring these reports for insights into the broader economic health and the potential impact of new tariffs on inflation. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Modern Fast Food company Noodles (NASDAQ:NDLS) fell 5.8%. Is now the time to buy Noodles? Access our full analysis report here, it's free. Healthcare Technology for Patients company GoodRx (NASDAQ:GDRX) fell 7.7%. Is now the time to buy GoodRx? Access our full analysis report here, it's free. Memory Semiconductors company Micron (NASDAQ:MU) fell 5.8%. Is now the time to buy Micron? Access our full analysis report here, it's free. Specialty Equipment Distributors company Custom Truck One Source (NYSE:CTOS) fell 4.9%. Is now the time to buy Custom Truck One Source? Access our full analysis report here, it's free. Vehicle Retailer company CarMax (NYSE:KMX) fell 4.3%. Is now the time to buy CarMax? Access our full analysis report here, it's free. Zooming In On GoodRx (GDRX) GoodRx's shares are very volatile and have had 29 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 2 days ago when the stock gained 40.2% on the news that the company announced a collaboration with pharmaceutical giant Novo Nordisk to offer the popular medications Ozempic and Wegovy for $499 per month to eligible self-paying customers. This landmark collaboration makes the popular GLP-1 medications—used for type 2 diabetes (Ozempic) and weight loss (Wegovy)—available at a significantly lower cost to those who lack adequate insurance coverage. According to the announcement, this marks the first time Ozempic has been offered at this self-pay price point. The offer is effective immediately and available through the GoodRx platform at over 70,000 retail pharmacies nationwide. Investors reacted positively, viewing the strategic partnership as a pivotal move that could substantially expand GoodRx's market reach and user base by capitalizing on the high-demand therapeutic category. GoodRx is down 3.6% since the beginning of the year, and at $4.40 per share, it is trading 48.8% below its 52-week high of $8.59 from August 2024. Investors who bought $1,000 worth of GoodRx's shares at the IPO in September 2020 would now be looking at an investment worth $87.03. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Gizmodo
an hour ago
- Gizmodo
Oracle Will Reportedly Spend $1 Billion a Year on a Gas-Powered Data Center
Oracle is going all-in on its AI-focused cloud business, pouring billions into building massive new data centers. One site under construction in West Texas will reportedly cost the company around $1 billion just to keep the lights on. Bloomberg reported, citing unnamed sources familiar with the plans, that Oracle intends to spend more than $1 billion a year to run a new West Texas megasite on gas generators rather than wait for a utility hookup. It can take years to get approval and infrastructure to pull the kind of electricity these massive data centers need from local grids. Oracle's workaround shows just how much it's willing to spend, how fast it wants these sites running, and how little it cares for any environmental consequences. Oracle, founded all the way back in 1977 and best known for its business database software, has reinvented itself in the last decade or so as a player in cloud services, after years of initially dismissing the idea. Its big bet now is on AI-focused cloud computing. In recent years, Oracle has landed big deals with major tech firms and quickly built a reputation for handling AI projects. A big draw is the company's 'bare metal' approach, which gives clients their own dedicated servers—opposed to sharing them with other clients. This makes the servers faster and more secure. Oracle has now become the backbone for many AI companies. Things really took off for the company when TikTok came aboard, and by 2022, all U.S. user traffic on the app was flowing through Oracle servers. This deal quickly generated over $1 billion of annual revenue for the company. Today, the company is helping power Elon Musk's xAI from a Utah data center and building a cluster of tens of thousands of AI chips for Nvidia. All these deals have helped make Oracle founder Larry Ellison the second-richest man in the world, just behind Elon Musk. Oracle also recently signed what Bloomberg calls the largest single cloud deal ever with OpenAI for its Stargate project, an ambitious joint venture announced at the White House back in January. The AI company has agreed to develop about 4.5 gigawatts of data center power with Oracle. For context, one gigawatt is enough to power about 750,000 homes. Still, we've seen little movement in the real world to indicate the project is on track. Oracle's new gas-powered data center is going up in Shackelford County, Texas, not far from another one of its data centers in Abilene. Developed by Vantage Data Centers, the site will have a massive 1.4-gigawatt capacity, making it one of the largest data centers in the world. Oracle did not immediately respond to a request for comment from Gizmodo.
