Qualcomm, Fermi, Organon and more

Check out the companies making the biggest moves midday: Qualcomm — The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia…

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Berkshire Hathaway downgraded to sell by KBW, citing Buffett succession, ‘many’ other issues

Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, warning that Warren Buffett’s succession risk and a slew of business-specific headwinds could weigh on the conglomerate’s earnings and share performance over the next year. The brokerage slashed its rating to the equivalent of sell from neutral, and cut its price target for Berkshire’s Class A…

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AMD, RNA, LULU, GME and more

Check out the companies making the biggest moves in premarket trading: Rare earth stocks — Treasury Secretary Scott Bessent said Sunday he expects China to delay imposing strict rare earth export controls as part of a trade deal with the U.S., sending shares of rare-earth miners lower. United States Antimony tumbled nearly 15%, Critical Metals…

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Chinese rivals to Meta’s AI glasses pile up. How Goldman is playing the trend

With Meta Platforms proving there’s demand for well-designed smart glasses, Alibaba has become the latest Chinese company rushing to sell its own version. “Continuous” launches of glasses with artificial intelligence or augmented reality (AR) features, including upgrades by Meta itself, should benefit the supply chain based in Greater China, Goldman Sachs analysts said this month….

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F, GOOGL, ALK, COIN, SAM and more

Check out the companies making headlines in midday trading. Ford Motor — The Detroit automaker surged 10.7% following its third-quarter earnings beat . Ford’s adjusted earnings of 45 cents per share topped the 36 cents expected from analysts polled by LSEG. Revenue came in at $47.19 billion, versus the $43.08 billion consensus estimate. Alphabet —…

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