Dow, S&P 500, Nasdaq futures slide as Wall Street weighs prospects for Iran truce

💻 Google memory breakthrough prompts global chipmaker selloff

Shares of computer memory and storage makers slumped after Google researchers touted a new compression technique that could reduce the amount of memory needed for artificial intelligence workloads.

SK Hynix Inc., a key maker of memory chips for artificial intelligence applications, fell as much as 6.4% on the Korea Exchange.

Flash memory manufacturer Kioxia Holdings Corp. dropped by a similar measure in Tokyo. That followed losses by Micron Technology Inc. and Sandisk Corp. Wednesday in New York. Yahoo Finance reports.


🚀 Why Navan shares are trading higher by over 25%

Shares of Navan Inc rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

Navan reported fourth-quarter revenue of $177.92 million, beating analyst estimates of $162 million, according to Benzinga Pro.

The company reported adjusted earnings of two cents per share for the quarter, beating estimates for a loss of 12 cents per share.

Navan shares jumped 25.7% to $11.50 in pre-market trading. TechStock² reports.


🔥 Super Micro, Dell and HPE have been red-hot stocks this week. What’s behind the big moves.

Server stocks have been some of the hottest in the S&P 500 so far this week, and an analyst sees three potential drivers of the market momentum.

One is that there’s been increasing investor interest in all things tied to central processing units.

While graphics processing units dominated the early wave of artificial-intelligence workloads, CPUs are now deemed to be essential for AI computing tasks. MarketWatch reports.


🚀 Why this micro cap stock is up 90% in premarket?

Fitness Champs Holdings shares rallied nearly 90% in premarket trading on Thursday, with a recently concluded reverse stock split and a fresh stock offering.

If the stock holds in the regular session, it would mark the best single-day move for the micro-cap stock on record since the company's initial public offering last September.

The company executed a 15-for-1 share consolidation (reverse split) on March 23 to regain compliance with Nasdaq’s $1 minimum bid price rule.

Shares have shown extreme volatility since, including a sharp 42% drop on Wednesday after it filed an F-1 registration statement for a proposed offering of up to 6 million units at an assumed $3 per unit price, with significant potential dilution from up to 90 million additional shares tied to warrants. StockTwits reports.


💻 MSFT stock heads for worst quarter since 2008 crisis: retail, Wall Street still see long-term upside

Microsoft Corp. is on track for its worst quarterly stock performance in nearly 18 years, as pressure from multiple fronts weighs on shares.

Still, retail investors remain constructive, pointing to long-term upside.

MSFT has dropped 23.1% so far in the first quarter, the worst showing among the “Magnificent Seven” group.

If the trend holds through month-end, it would mark the stock’s weakest quarter since the December quarter of 2008. StockTwits reports.

Time (ET)/ Report/ Period

8:30 AM - Initial jobless claims - March 21
4:00 PM - Federal Reserve governor Lisa Cook speaks - N/A
6:30 PM - Federal Reserve governor Stephen Miran speaks - N/A

“Good investing is about making fewer mistakes than others.”

– Aswath Damodaran

Sourced in: Damodaran on Valuation – NYU Stern.

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