Company News for July 11, 2024

Zacks Equity Research

11 July 2024 at 7:58 am·1-min read

Shares of Intuit Inc. (INTU) fell 2.6% after the company announced it would cut 10% of its workforce to prioritize artificial intelligence efforts.
HubSpot, Inc. (HUBS) shares fell 12.1% after Bloomberg reported that Alphabet Inc. (GOOG) has decided to end its pursuit of acquiring the software company.
LegalZoom.com, Inc. (LZ) shares fell 25.4% after Chief Executive Officer Dan Wernikoff announced his departure from the company.
Shares of Advanced Micro Devices, Inc. (AMD) rose 3.9%, following the announcement of its plans to acquire Finnish artificial intelligence company Silo AI in a $665 million deal.

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