By Rounak Jain
Publication Date: 2025-12-12 17:38:00
Broadcom shares were down more than 11% in Friday’s midday session after CEO Hock Tan’s $73 billion AI backlog order statement failed to impress Wall Street.
- Tilray shares were up by nearly 30% in Friday’s midday trade amid reports that President Donald Trump discussed with lawmakers a potential executive order to reclassify marijuana as a less dangerous drug.
- Rivian shares were up more than 17% in Friday’s midday trade after price target hikes from Needham and Goldman Sachs.
- Fermi shares were down more than 34% in Friday’s midday session after the company said that an investment-grade tenant had terminated an agreement.
U.S. equities were in the red in Friday’s midday trade as a slide in artificial intelligence stocks entered its third day, with Oracle’s mixed second-quarter (Q2) performance beginning the slide in chip stocks this week.
Oracle reported earnings per share (EPS) of $2.26 on revenue of $16.06 billion, compared to analyst estimates of an EPS of $1.64 on…
