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U.S. stocks closed | The three major indexes showed mixed results, with the Nasdaq up more than 1%, nvidia rising nearly 5% ahead of its earnings report; bitcoin hitting a new high led to a strong performance in cryptos concept stocks, with microstrategy
The escalation of the Russia-Ukraine conflict temporarily drove up the dollar, yen, Swiss franc, gold and other safe-haven assets, while bitcoin first broke through 0.094 million dollars. Two days before the earnings report, nvidia rose by 4.9%, super micro computer surged over 31%, the index of Chinese concepts fell by 0.8%, Xiaopeng autos dropped nearly 4%, and weibo gained over 6%.
10 Information Technology Stocks Whale Activity In Today's Session
US stock market anomaly | Wolfspeed falls 5.7%, the board of directors announces the removal of the CEO.
On November 19, GC Group reported that chip manufacturer Wolfspeed (WOLF.US) fell by 5.7%, trading at $6.62. In terms of news, Wolfspeed announced that the board of directors has dismissed Gregg Lowe from his position as CEO due to the increasing challenges presented by slowing demand for electric autos. The company, headquartered in Durham, North Carolina, is facing production issues and has announced plans to close its factory. Additionally, the company has been struggling with a slowdown in orders from the industrial and energy terminal markets. (GC Group)
Wolfspeed Is Maintained at Underperform by Mizuho
Wolfspeed Analyst Ratings
Express News | Wolfspeed Inc : Mizuho Cuts Target Price to $6 From $10