Former Karaoke Company Drags Logistics Into the ‘AI Scare Trade' [Yahoo! Finance Canada]
McKesson Corporation (MCK)
Last mckesson corporation earnings: 2/4 07:00 am
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Source: Yahoo! Finance Canada
It was the worst drop for the sector since April's trade-war market meltdown. Drug distribution stocks were also caught up in the selloff, with McKesson Corp. and Cardinal Health Inc. both sliding about 4%. Algorhythm Holdings Inc., which previously traded as The Singing Machine Company Inc., announced that its SemiCab platform was helping its customers scale freight volumes by 300% to 400% without a corresponding increase in operational headcount. Algorhythm used to sell karaoke products until rebranding in 2024 as an AI logistics firm. It reported less than $2 million in sales for the quarter that ended on Sept. 30, with a net loss totaling nearly $3 million for the period. But its shares soared to $1.08 after its announcement, paring what had been a jump of as much as 82% earlier in the session. The movements underscored how much angst has built up around AI. Concern that new AI-powered tools and applications can upend the business models of many industries has sparked bruta
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MCK
News
- McKesson (NYSE:MCK) had its price target raised by analysts at JPMorgan Chase & Co. from $983.00 to $1,107.00. They now have an "overweight" rating on the stock.MarketBeat
- McKesson (NYSE:MCK) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (a-)" rating to a "buy (b+)" rating.MarketBeat
- McKesson (NYSE:MCK) had its price target raised by analysts at Wells Fargo & Company from $914.00 to $925.00. They now have an "equal weight" rating on the stock.MarketBeat
- McKesson (NYSE:MCK) had its price target raised by analysts at Mizuho from $880.00 to $885.00. They now have a "neutral" rating on the stock.MarketBeat
- McKesson (NYSE:MCK) had its "buy" rating reaffirmed by analysts at TD Cowen.MarketBeat
MCK
Earnings
- 2/4/26 - Beat
MCK
Sec Filings
- 2/13/26 - Form 4
- 2/12/26 - Form 4
- 2/11/26 - Form 4
- MCK's page on the SEC website