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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News
- Latent Raises $80M to Close the Gap Between Diagnosis and Treatment [Yahoo! Finance]Yahoo! Finance
- McKesson (MCK) had its price target lowered by Bank of America Corporation from $1,040.00 to $1,000.00. They now have a "buy" rating on the stock.MarketBeat
- Ethica Wines Strengthens Pacific Distribution Platform Through Integration of Dispensing Solutions and The Standard Wine Company [Yahoo! Finance]Yahoo! Finance
- McKesson (MCK) was upgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=MCK&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "hold" to "buy".MarketBeat
- 3 Stocks That Could Be Next to Announce a Stock Split [Yahoo! Finance]Yahoo! Finance
MCK
Earnings
- 2/4/26 - Beat
MCK
Sec Filings
- 4/13/26 - Form 3
- 4/6/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- MCK's page on the SEC website