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The semiconductor stock Wolfspeed fell nearly 5% after a downgrade to underperform from neutral at Mizuho, citing pricing concerns for silicon carbide used in electric vehicles. Nvidia’s shares rose over 1% as CEO Jensen Huang noted high demand for its next-gen AI graphics processor Blackwell. Hims & Hers Health declined around 9% due to a resolved shortage of GLP-1 treatments from Eli Lilly. EVgo saw a 9% increase in shares after an upgrade from JPMorgan. Levi Strauss shares dropped 12% after trimming revenue guidance and missing Q3 revenue expectations. Constellation Brands slightly rose on better-than-expected earnings for the fiscal second quarter. Stellantis fell more than 3% after a Barclays downgrade.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
