Memory chips maker Micron (NYSE:MU) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 84.3% year on year to $8.71 billion. On the other hand, next quarter’s revenue guidance of $7.9 billion was less impressive, coming in 11.9% below analysts’ estimates. Its non-GAAP profit of $1.79 per share was 1.4% above analysts’ consensus estimates.

Merck threw its hat into the obesity race on Wednesday, inking a deal worth up to $2.01 billion with Hansoh Pharma for its weight-loss drug.

Micron delivers record fiscal Q1 revenue, driven by strong AI demandData center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlights Revenue of $8.71 billion versus $7.75 billion for the prior quarter and $4.73 billion for the same period last yearGAAP net income of $1.87 billion, or

DENVER, December 18, 2024--Palantir Technologies Inc. (NASDAQ: PLTR) today announced that it has extended its long-standing partnership with the U.S. Army to deliver the Army Vantage capability in support of the "Army Data Platform" (ADP). The total value of this agreement is $400,746,583 for a period of up to four years, with a total available ceiling of $618,871,428.

LOS ANGELES, December 18, 2024--EQTY Lab, Intel, and NVIDIA release 'Verifiable Compute,' a new solution to secure trusted AI.

Is it too late to score big wins with Nvidia stock and the AI revolution?

Federal Reserve Chair Jerome Powell's press conference did little to soften the stock market’s slide. The Dow was down 780 points, or 1.8%, after Powell wrapped up the question and answer portion of his press conference. The Nasdaq Composite was down 3.2%.

The Federal Reserve implemented a 25 basis point rate cut Wednesday afternoon, sending stock markets (^DJI, ^IXIC, ^GSPC) lower. Roth Capital Partners chief economist & macro strategist Michael Darda joins Market Domination to provide insights into the central bank's decision. Darda says the rate cut was "expected" but notes the updated dot plot projections contained a hawkish tone. He anticipates a "multi-month pause" in rate cuts, citing Federal Reserve Chair Powell's indication that the economy is outperforming initial expectations from September. "What's really strange about the current backdrop is ... the labor market is cooling," Darda explains. He highlights that private employment growth is at "half the level that we were seeing pre-pandemic," and the unemployment rate showed early recessionary signals by "hooking upwards" during the summer. Despite this, Darda notes that overall, economic growth remains robust, with fourth quarter GDP tracking estimates in the 3% range. "People look at that, and they look at the stock market ... and they kind of scratch their head thinking, 'what is the sense of urgency here? Why is the Fed doing 100 basis points of cuts when everything seems to be fine?'" Darda tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 8.4% in the afternoon session as stocks tumbled (Nasdaq down 1.3%, S&P 500 down 1.1%) after the Fed signaled that there would be fewer cuts ahead (than expected) during the December 2024 FOMC meeting.

Powell said "we are not looking for a law change."