Company News for Mar 20, 2024

• McDonald's Corporation’s (MCD) shares rose 1.5% following the announcement that CEO Chris Kempczinski would assume the role of chairman in May, succeeding Enrique Hernandez, who is retiring.

   

• Shares of Super Micro Computer, Inc. (SMCI) fell 9% as the company announced that it would sell 2 million shares to raise capital.

   

• International Paper Company (IP) shares surged 11% after the company announced Andrew Silvernail's appointment as CEO effective May 1.

   

• MicroStrategy Incorporated (MSTR) shares declined by 5.7% after the company disclosed the completion of a $603.75 million convertible debt offering, marking its second in a week, aimed at financing bitcoin acquisitions.

   

Zacks Reveals ChatGPT "Sleeper" Stock

One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

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