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Tech Today: Everspin Falls, Google Q2 on Tap, Debating Nvidia, Applied Opto

Here are some things going on toady in your world of tech:

Small-cap memory-chip maker Everspin Technologies (MRAM) is down $2.91, or 14%, at $18.25, on no news or ratings changes, that I can see. The stock is still up almost 120% this year.

Shares of Alphabet (GOOGL) are up $8.16, or 0.8%, at $1,002, in advance of the company’s Q2 earnings report this afternoon, after the closing bell. The Street is modeling $25.57 billion in GAAP revenue and $4.44 per share in net income.

On individual with an above-consensus number is James Cakmak of Monness Crespi Hardt, who has a Buy on the stock and a $1,050 price target. He’s looking for $25.91 billion, though his EPS number of $4.36 is slightly lower. He includes in that EPS number an accrual oft he European Union’s €2.42 billion fine against Google.

Cakmak assumes “paid clicks” rose 45% from a year earlier. One person who’s cautious today is Canaccord Genuity’s Michael Graham, who has a Hold on the stock. “In particular, we are cautious about Google lapping its robust mobile ad inventory growth from the last two years,” he...


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