From Nasdaq: 2025-05-27 09:23:00

Shares of Apple Inc. (AAPL) dropped by 3% following Donald Trump’s warning of potential 25% tariffs on phones made outside the US. Meanwhile, Booz Allen Hamilton Holding Corporation (BAH) saw a 16.5% decrease in shares after reporting lower-than-expected fourth-quarter revenues. On the other hand, Intuit Inc. (INTU) shares surged by 8.1% after beating earnings estimates in the third quarter. National Grid plc (NGG) shares also rose by 1.6% with Utilities leading as the top-performing sector of the day.

Zacks recently identified a top semiconductor stock with massive growth potential in the AI, Machine Learning, and IoT sectors. This stock, although much smaller than NVIDIA, has room for significant growth as the global semiconductor market is projected to reach $803 billion by 2028. This new chip stock is poised for growth with robust earnings and an expanding customer base.



Read more at Nasdaq: Company News for May 27, 2025