Software ETFs Are Finally Catching An AI Tailwind

Shares of semiconductor companies are trading lower as inflation concerns and elevated oil prices push U.S. and global bond yields higher, raising concerns that the Federal Reserve could tighten monetary policy later this month. Higher rates can weigh on growth stocks by making future profits less attractive.

Shares of semiconductor and chip companies are trading lower, possibly after Federal Reserve Chairman Warsh's comments on inflation and prices raised rate-hike concerns. The sector may be facing pressure from peer Marvell Technology, as the company pulls back after its FY28 guidance may have failed to meet investor expectations.

Evercore ISI Group Maintains Outperform on AppLovin, Lowers Price Target to $510

Needham Maintains Buy on AppLovin, Lowers Price Target to $475

Needham analyst Bernie McTernan maintains AppLovin (NASDAQ:APP) with a Buy and lowers the price target from $500 to $475.

Benzinga Bulls and Bears: Palo Alto, Ciena, Lululemon

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Asana shares are trading lower after the company reported Q2 financial results and issued Q3 adjusted EPS guidance below estimates.