ZI Overview

Tech Stock Selloff: Investors sold off tech and AI-linked stocks, leading to a significant decline in the Nasdaq 100 and semiconductor ETFs, with notable drops in companies like Nvidia and Oracle.

Sector Performance: The semiconductor sector experienced its worst stretch since April, with chipmakers falling 9% over four days, while energy stocks like the Energy Select Sector SPDR Fund showed some resilience.

Precious Metals Rally: Silver prices surged over 4%, reaching $66.50 an ounce, while gold also rose, inching closer to its October record high, indicating a shift in investor interest towards precious metals.

Market Indices Overview: Major US indices, including the Dow Jones and S&P 500, experienced slight declines, reflecting a fragile risk appetite in the market, with Bitcoin also down 1.2%.

Analyst Rating Changes: Several Wall Street analysts have adjusted their price targets and ratings for various companies, including upgrades for Stanley Black & Decker and Matson, while downgrades were noted for Annexon and Rapid7.

Current Stock Prices: The article provides the latest closing prices for affected stocks, highlighting significant changes such as ZoomInfo at $10.31 and Affimed at $0.6930.

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Stock Performance Overview: ZI's stock has a 52-week low of $7.01 and a high of $13.67, with the last trade recorded at $10.30.

Author's Perspective Disclaimer: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.

Earnings Reports Overview: Several companies, including Simon Property Group, DaVita, and Archer Aviation, are set to report their earnings for the quarter ending March 31, 2025, with most showing a decline in earnings per share compared to the previous year.

Price to Earnings Ratios: The Price to Earnings ratios for these companies vary, with some like Power Integrations showing significant increases in earnings forecasts, while others like New Fortress Energy and Xenon Pharmaceuticals report negative earnings projections.