Why Is Credo Technology Stock Sinking Wednesday? - Yahoo Finance

Dell Technologies Inc. DELL stock fell more than 11% on Wednesday after a Barclays downgrade, even as CEO Michael Dell highlighted strong demand for artificial intelligence infrastructure and growing enterprise adoption. Barclays analyst Tim Long downgraded the stock from Overweight to Equal-Weight and lowered his price forecast to $574 from $603. Long cited Dell’s stretched valuation and said broader enterprise technology spending has yet to see a significant boost from AI adoption. Despite Wednesday’s selloff, Dell shares have gained more than 300% in 2026, supported by strong AI server orders and a growing enterprise backlog. However, Michael Dell struck an optimistic tone in a Wednesday CNBC interview, suggesting that the AI infrastructure boom still has years of growth ahead. Dell Sees AI Demand Outpacing Supply Through 2030Dell told CNBC that demand for AI infrastructure continues to exceed supply, a trend he expects to persist through 2030. He acknowledged that long-term forecasts remain uncertain. However, he pointed to the time required to expand semiconductor manufacturing capacity.

Seagate Technology Holdings PLC STX stock fell more than 13% Friday even as the broader market moved higher. The Nasdaq gained more than 1%, while the S&P 500 rose 0.91%. The selloff followed reports that Toshiba plans to double production capacity for hard disk drives used in artificial intelligence data centers by fiscal 2027. Toshiba plans to invest about 60 billion yen, or $380 million, to expand facilities in the Philippines. The move raised concerns that additional capacity could eventually pressure HDD pricing. However, the supply picture remains tight for now. Nearline HDD demand has surged as AI data centers require more storage. Seagate said in January that its nearline capacity for 2026 was already sold out. Solid-state drives offer faster performance but remain more expensive than HDDs. That cost gap continues to support hard-drive demand for large-scale data centers. Seagate Technical AnalysisSeagate remains in a longer-term uptrend. The stock is trading 24.6% above its 200-day simple moving average of $650.52. Its 50-day SMA also remains above the 200-day SMA. That typically signals a bullish longer-term trend. However, the short-term setup looks weaker.

Here’s your NYT Strands hint for today, plus the spangram and all of today’s Strands answers for puzzle No. 959 on Sunday, Oct. 18, 2026. Today’s Strands theme was tricky. It helps to be a runner. Read on for all the answers.

A supply-chain attack involving ConnectWise’s cloud services has exposed Microsoft 365 customers to unauthorized application access, with researchers reporting successful sign-ins across 173 partner and customer tenants. The incident centres on credentials associated with ConnectWise Cloud Backup, formerly SkyKick, and raises concerns about attackers exploiting permissions already entrusted to business software. ConnectWise has confirmed unauthorized access to application identities within its Cloud Backup environment. In an October 17 update on its service-status page, the company said it was shutting off application access, interrupting customer backups while investigation and remediation continued.