Asian semiconductor and technology stocks resumed their decline on Wednesday, tracking overnight weakness on Wall Street as concerns over artificial intelligence-related valuations continued to weigh on investor sentiment. The losses came after a brief rebound in chipmakers lost momentum, with investors increasingly questioning whether the sector’s rapid gains have outpaced underlying fundamentals. Chip stocks lead… Continue reading Asian tech stocks slide as AI rally loses momentum amid valuation worries
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Rolls-Royce share price faces a crucial test: rally or retreat ahead?
Rolls-Royce share price has lost the momentum it had last year as it faces some major external challenges that threaten its profit targets. RR has remained inside the narrow range between 1,095p and 1,340p since February. Still, this consolidation may lead to a strong rebound in the coming weeks as its fundamentals remain intact. Rolls-Royce… Continue reading Rolls-Royce share price faces a crucial test: rally or retreat ahead?
BYD chairman projects global leadership in five years amid market challenges
BYD Chairman Wang Chuanfu has said the Chinese electric vehicle maker aims to become the world’s largest automaker within the next five years, outlining an ambitious growth target as the company faces slowing domestic demand and pressure on its share price. Speaking at BYD’s annual shareholder meeting at the company’s headquarters in Shenzhen on Tuesday,… Continue reading BYD chairman projects global leadership in five years amid market challenges
Meta is building a new $20B business, Truist says
Meta Platforms (META) is positioning itself for further upside as it taps a new subscription-based revenue stream, Truist analysts led by Youssef Squali told clients in their latest research note. Squali maintains a “buy” rating on the tech behemoth, with an $840 price target indicating potential upside of more than 40% from current levels. “We… Continue reading Meta is building a new $20B business, Truist says
Silver price forecast: death cross nears ahead of US inflation data
Silver price retreated sharply today, June 10, as concerns about the global economy and inflation continued. XAG fell to $64, down sharply from the year-to-date high of $121. It has slumped to its lowest point since March 24 this year. Silver price slips amid inflation worries Silver retreated sharply on Wednesday as concerns about the… Continue reading Silver price forecast: death cross nears ahead of US inflation data
Gold price loses crucial support ahead of US CPI data: will it crash to $4,000?
Gold price made a strong bearish breakout overnight, reaching its lowest level since March 23rd this year. It dropped to a low of $4,180, down by over 25% from its highest point this year. This retreat may continue now that it has formed a death cross pattern ahead of the US inflation report. Gold price… Continue reading Gold price loses crucial support ahead of US CPI data: will it crash to $4,000?
Dow gains as Nasdaq slides on chip selloff, SpaceX IPO concerns
Technology stocks dragged Wall Street lower on Tuesday as a rebound in semiconductor shares lost momentum, while investors weighed renewed geopolitical uncertainty in the Middle East and prepared for key inflation data and the highly anticipated SpaceX initial public offering. The S&P 500 fell 0.26% to 7,386.65, while the Nasdaq Composite dropped 0.97% to 25,678.82.… Continue reading Dow gains as Nasdaq slides on chip selloff, SpaceX IPO concerns
DraftKings stock jumps 11% as prediction markets volume surges
Shares of DraftKings (DKNG) rallied on Tuesday after the sports-betting company reported strong growth in activity on its predictions platform. The update fueled investor optimism about DraftKings’ position in the rapidly expanding prediction markets industry. At the time of writing, DraftKings stock was up more than 11%, making its largest one-day percentage gain in more… Continue reading DraftKings stock jumps 11% as prediction markets volume surges
Options data reveals how Oracle stock may respond to its Q4 earnings tomorrow
Oracle (ORCL) shares remain in focus ahead of the artificial intelligence (AI) infrastructure firm’s Q4 earnings set to be released tomorrow, June 10, after market close. Consensus is for the company to report $1.96 a share (EPS) of adjusted earnings on $19.1 billion in revenue – about a 20% growth on the top-line and 15%… Continue reading Options data reveals how Oracle stock may respond to its Q4 earnings tomorrow