NVIDIA Corporation (NASDAQ:NVDA) was downgraded by Canaccord Genuity from a “buy” rating to a “hold” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. NVIDIA Corporation (NASDAQ:NVDA) stock opened at $16.11 in last session, and closed at $15.75, while the day range of stock is $15.70 – $16.14. The stock showed a negative weekly performance of -0.69%.
A gloomy update from Spirent Communications and heavy falls from ARM Holdings plc (ADR) (NASDAQ:ARMH) and Imagination Technologies dragged the tech sector lower on Thursday. ARM Holdings plc (ADR) (NASDAQ:ARMH) stock opened at $50.75, in last session and closed at $48.79, by losing -7.96%. The 52 week range of the stock is $34.75 – $55.26. Company’s market capitalization is $22.76 billion.
Baidu Inc (ADR) (NASDAQ:BIDU) shares gained 1.65% to $184.48. The company on Jan. 1 announced that its Android battery saving app DU Battery Saver has partnered with the world’s leading independent conservation body, the World Wide Fund for Nature (WWF), to raise awareness and funds in support of global conservation in a uniquely fun way. For 45 days, DU Battery Saver will sell wildlife-themed battery skins within the app for $0.99 each, with $0.55 of each sale going to the WWF to support its global conservation efforts. Baidu Inc (ADR) (NASDAQ:BIDU) stock decreased -3.45% and finished the last session at $175.52. The EPS of the stock remained 4.97. Company’s market capitalization is $61.37 billion.
Zacks reiterated their underperform rating on shares of Sohu.com Inc (NASDAQ:SOHU) in a research note released on Friday morning, American Banking News reports. Sohu.com Inc (NASDAQ:SOHU) stock opened the session at $78.84, and closed the session at $75.89. The 52 week range of the stock remained $39.79 – $87.29 and the day range was $75.45 – $78.84.