Thermo Fisher Scientific (TMO) shares fall 1.6% in Wednesday trading after HSBC downgraded the stock to hold from buy and lowered its price target to $540 From $670.
Trading volume stood at about 1 million shares against daily average of 2.3 million.
Price: $474.42, Change: $-7.66, Percent Change: -1.59%
JinkoSolar (JKS) will enter the data center business, supplying power directly from its plants to meet the growing demand from the spread of artificial intelligence, Nikkei Asia reported Wednesday.In April, the local government and Jinko Power Technology planned to build a 24.5 billion yuan ($3.6 billion) data center in the desert city of Zhongwei, according to the report.Construction of the 1 gigawatt data center, spanning over 530,000 square meters, is set to begin this year, with completion forecasted by 2028, the report added.JinkoSolar did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $22.59, Change: $-0.13, Percent Change: -0.59%
Rio Tinto (RIO) shares were down over 3% in Wednesday trading after RBC Capital Markets downgraded the stock to underperform from sector perform.Trading volume stood at more than 1.9 million shares, compared with a daily average of close to 2.8 million.Price: $108.09, Change: $-3.59, Percent Change: -3.21%
Nu Holdings (NU) shares fall 4% in Wednesday trading after Susquehanna downgraded the stock to neutral from positive and lowered its price target to $13 from $18.Trading volume stood at more than 80.6 million shares against daily average of about 52.5 million.Price: $11.46, Change: $-0.47, Percent Change: -3.94%