2025 Tech Stock Highlights: Disney Shares Drop Amid Cost Cuts, Dell Surges to $152, Monday.com Soars 20%
Explore the latest movements in tech stocks for 2025, including Disney's strategic cost reductions affecting Disney+ shares, Dell's record-breaking rise fueled by AI growth, and Monday.com's impressive earnings beating expectations across all markets.
Bill McColl brings over 25 years of expertise as a senior producer and writer for television, radio, and digital platforms, leading teams in delivering impactful news coverage on major stories.
On Wednesday at 3:15 p.m. ET, the S&P 500 Information Technology Sector rose by 2%, outpacing the broader S&P 500's 1% gain and the Nasdaq's 1.3% increase driven by tech stocks.
Disney CEO Announces Significant Cost Reduction Plan; Shares Decline Over 2%
Walt Disney (DIS) shares dropped more than 2% following CEO Bob Iger's announcement at the 2024 Media, Internet, and Communications Conference in New York. Iger revealed plans to cut expenses to enhance profitability, targeting high costs associated with Disney+ and planning a substantial decrease in content investment for traditional networks.
Dell Technologies Stock Hits New Intraday High, Morgan Stanley Raises Price Target to $152
Dell Technologies (DELL) surged nearly 10% to an all-time intraday high amid Morgan Stanley's boost of its price target from $128 to $152. Analysts highlighted Dell's accelerating momentum in its artificial intelligence (AI) offerings and strong uptake among enterprise clients.
Monday.com Shares Jump 20% After Surpassing Earnings Expectations and Demonstrating Strong Market Demand
Monday.com (MNDY) experienced a 20% increase in shares following a robust Q1 earnings report. The cloud-based workflow software maker exceeded profit and sales projections, grew its customer base significantly, achieved record free cash flow, and provided optimistic full-year guidance, citing strong demand across all markets.
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