Company News for Apr 18, 2024

Zacks Equity Research Published on April 18, 2024

Eli Lilly and Company (LLY) shares rose 0.5% after announcing positive late-stage results for its weight-loss drug Zepbound, which is especially beneficial for overweight individuals with sleep apnea.
Shares of Autodesk, Inc. (ADSK) fell 5.8% following news of a delay in the filing of its annual Form 10-K due to an internal investigation into its accounting practices related to free cash flow and adjusted operating margin.
Mobileye Global Inc. (MBLY) increased 2.8% after announcing the delivery of its new EyeQ6 Lite system-on-chip, accelerating ADAS upgrades globally.
U.S. Bancorp (USB) shares tumbled 3.6% after reporting first-quarter 2024 revenues of $6.69 billion, missing the Zacks Consensus Estimate by 0.16%.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.