Riskified, CoreWeave, Micron And Other Big Stocks Moving Higher On Wednesday
U.S. stocks mixed; Riskified surged 27.7% on strong Q3 results and raised FY26 guidance. Gevo, Fossil, PepGen and tech stocks also rallied.
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UBS Adjusts Lumentum Price Target to $686 From $960, Maintains Neutral Rating
UBS has lowered its price target for Lumentum Holdings Inc. to $686 from $960 while maintaining a Neutral rating on the stock.
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Why Marvell Technology Stock Fell Hard in October
Marvell Technology's stock plunged 25.6% in October as investors fled AI stocks amid concerns about excessive tech spending on data center infrastructure. The decline accelerated after Bloomberg reported Marvell's plan to acquire optical component maker Lumentum for $115 billion in an all-stock deal, raising shareholder dilution concerns. Despite strong fiscal guidance announced earlier in the month, broader AI sector skepticism and rising inflation fears dominated market sentiment.