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Qualcomm (QCOM) shares moved higher on Tuesday as investors focused on the chipmaker’s expanding artificial intelligence ambitions. Investors also reacted to reports of a potential acquisition and expectations for new details on the company’s data-center strategy at an upcoming investor event. The stock gained about 3% in premarket trading to $228.09, extending a strong rally… Continue reading Qualcomm stock rises on AI chip push, Tenstorrent deal speculation

US stocks opened higher on Tuesday, continuing from Monday’s strong performance. The Dow Jones Industrial Average rose 383 points after the blue-chip index closed at a record high in the previous session. The S&P 500 surged 1.65% while the Nasdaq 100 fell 0.19%. The S&P 500 trades at 32.59 times earnings, compared with 24.63 times… Continue reading Dow rises 380 points as investors await Fed decision, SpaceX extends rally

Robinhood Markets said on Tuesday it will reduce its full-time workforce by roughly 10%, affecting about 290 employees, as part of a restructuring effort that comes despite record trading activity across several of its businesses. The online trading platform also said it would eliminate a small number of remaining open positions. Shares of Robinhood (HOOD)… Continue reading Robinhood stock climbs as firm announces 10% reduction in workforce

SpaceX (SPCX) has formally agreed to acquire artificial intelligence coding startup Cursor in a transaction that values the company at $60 billion. The acquisition advances Elon Musk’s efforts to strengthen his position in one of the fastest-growing segments of the AI industry. According to a company filing released Tuesday, Cursor investors will receive SpaceX stock… Continue reading SpaceX agrees to acquire AI startup Cursor in $60B deal

US stock futures were little changed on Tuesday as investors paused after Monday’s record-setting rally and turned their attention to Kevin Warsh’s first Federal Reserve decision as chair. The market mood was still supported by lower oil prices after the US-Iran peace framework, but traders were reluctant to add risk before the Fed’s latest inflation… Continue reading Wall Street futures mixed today: 5 things to know before markets open

Shares of SpaceX (SPCX) surged more than 10% in premarket trading on Tuesday, extending a blistering post-IPO rally and putting Elon Musk’s company on course to surpass Amazon in market value. The stock was last trading at $211.95, up 10.1% before the opening bell. If those gains hold, SpaceX would command a market capitalization approaching… Continue reading SpaceX stock rockets 10% as Musk’s giant nears Amazon’s valuation