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2024.04.03 09:59
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WSB Hot Discussion | Intel plunges nearly 5% in pre-market trading, General Electric completes spin-off of its energy division

KULR, a penny stock, surged more than 70% overnight; Reddit's second wave?

Trump concept stock DJT is the hottest, consistently on the list recently, with a strong appeal, rebounding by 6% overnight.

In terms of chip stocks, due to the unfortunate earthquake in the island, the market is concerned about the impact on chip production capacity. TSMC fell by 1.6% pre-market, currently narrowing down to 0.8%, while Nvidia slightly dropped by 0.7%, and other semiconductor stocks are mostly down.

Intel plummeted nearly 5% pre-market. This morning, Intel announced on April 2 that the company's total revenue will decline from $57 billion in 2022 to $47.7 billion in 2023. The wafer fabrication business will have a revenue of $18.9 billion in 2023, operating at a loss of $7 billion. In 2022, the revenue and loss of this business were $27.5 billion and $5.2 billion, respectively.

Intel CEO Pat Gelsinger stated that 2024 will be the year with the most severe operating losses for the company's wafer fabrication business, and it is expected to achieve a balanced budget around 2027.

Retail investors' stronghold Reddit ranks sixth in popularity, with a nearly 10% rebound overnight, possibly starting a second wave of increase.

General Electric (GE) ranks tenth in popularity. It had been rising for 12 consecutive weeks before falling by 2.5% by Tuesday this week, possibly ending the 12-week uptrend.

General Electric has completed the process of splitting into three companies, marking the end of this 132-year-old corporate group. The energy sector officially listed as GE Vernova (GEV) on Tuesday, with the three independent companies focusing on energy, aerospace, and healthcare businesses.

Royal Bank of Canada Capital announced a target price of $160 per share for the common stock of General Electric's Vernova company.

Penny stock KULR ranks 11th in popularity, surging by over 70% overnight:

Last week, KULR announced that it had received a "six-figure" contract from Lockheed Martin, a carbon fiber material thermal management company. This stock is a penny stock, so risks should be noted.

Source: apewisdom, the most discussed stocks in the past 24 hours

Note:

The Wall Street Bets channel on Reddit (WSB) was created in 2012. This investment community has attracted more than 15 million users and is a gathering place for retail investors to discuss US stocks. The stocks discussed in this channel are often the hottest at the moment, and due to the channel's influence, they may drive stock price movements Risk Warning:

Stocks discussed on WSB may experience significant volatility due to retail investors' enthusiasm or abandonment, especially for small companies (such as 2021's GameStop GME and AMC). Please be aware of the risks