Sonos reported higher-than-expected Q4 revenue and sales earlier today. This comes after the company announced its acquisition of voice assistant startup Snips yesterday.
— An analyst at UBS downgraded KLA to sell from buy, citing a "peaking" run-rate for some semiconductor stocks. "Foundry/logic is the most extended and vulnerable to these run-rate headwinds and memory WFE remains very healthy, but we nonetheless see downside for the entire group," the analyst said.
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