Crude oil price rose slightly as concerns about the US-Iranian truce rose following the latest strikes against Iranian targets. Brent, the global benchmark, was trading at $93.85, while the West Texas Intermediate (WTI) rose to $90 a barrel. US hits Iranian targets again Brent and the West Texas Intermediate rose slightly after the US Central… Continue reading Crude oil price on edge as the US launches another attack against Iranian targets
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Here’s why the Kospi Index rally has taken a breather today
The Kospi Index pulled back by over 1% on Thursday as the recent bull run took a breather, following the South Korean central bank’s interest rate decision. It retreated to KRW 8,133, down slightly from this week’s high of KRW 8,480. South Korea’s central bank gives a hawkish pause The Kospi Index retreated, while the… Continue reading Here’s why the Kospi Index rally has taken a breather today
Marvell stock pops as AI-related bookings drive Q1 revenue to record levels
Marvell Technology (MRVL) is inching higher in extended hours after the company posted stellar Q1 results and issued impressive guidance for the current quarter. The custom AI chips specialist reported a 28% year-on-year increase in revenue to a record $2.42 billion on $0.8 per share of earnings (EPS) – slightly beating consensus set at $0.79… Continue reading Marvell stock pops as AI-related bookings drive Q1 revenue to record levels
After SpaceX, OpenAI, Anthropic, Anduril Is Emerging as the Next IPO Giant
The upcoming SpaceX and OpenAI IPOs will break records globally because of the money they will raise and their sizes. SpaceX is expected to go public at a $1.5 trillion valuation, with Polymarket traders expecting its valuation to jump to over $2 trillion after its listing. Anduril will be the next major IPO to watch… Continue reading After SpaceX, OpenAI, Anthropic, Anduril Is Emerging as the Next IPO Giant
Dow hits record high as AI rally pauses, oil prices retreat
Wall Street closed mixed on Wednesday as the Dow Jones Industrial Average reached another record high, while the S&P 500 and Nasdaq Composite traded little changed as investors paused after a powerful AI-driven rally and monitored developments surrounding Middle East tensions. The Dow Jones Industrial Average rose 189 points, or 0.37%, to close at 50,650.76,… Continue reading Dow hits record high as AI rally pauses, oil prices retreat
IREN jumps 13% as Dell Blackwell deal supercharges AI push
Shares of IREN Limited rose 13% on Wednesday after the company announced a $1.6 billion purchase agreement with Dell Technologies for Nvidia-powered Blackwell systems aimed at expanding its artificial intelligence infrastructure capacity. The agreement involves air-cooled Blackwell systems supplied through Dell and is designed to support IREN’s previously announced five-year, $3.4 billion managed AI cloud… Continue reading IREN jumps 13% as Dell Blackwell deal supercharges AI push
MGM stock jumps 8% as Wall Street bets big on Vegas comeback
Shares of MGM Resorts International surged on Wednesday after multiple Wall Street firms upgraded the casino operator. Analysts cited growing confidence that visitors and consumers are returning to the Las Vegas Strip following a prolonged period of weaker demand trends. MGM stock climbed 9.62% to $42.15 during the session, placing the shares among the top… Continue reading MGM stock jumps 8% as Wall Street bets big on Vegas comeback
What triggered a 7x rally in Astrotech stock today?
Investors are cheering Astrotech Corp (ASTC) on Wednesday after its management announced an ambitious strategic pivot into space-based hardware infrastructure. According to the company’s press release, its board has approved a strategic plan focused on lunar resource development to enable quantum computing and semiconductor manufacturing on the Moon. Given the tiny market cap and tight… Continue reading What triggered a 7x rally in Astrotech stock today?
Why did Abercrombie stock jumps 12% despite weak sales guidance?
Shares of Abercrombie & Fitch (ANF) rose sharply on Wednesday after the retailer reported better-than-expected fiscal first-quarter earnings, helping ease investor concerns despite weaker comparable sales and softer second-quarter guidance. Abercrombie stock climbed more than 12% in the trading session. The rally came after shares had fallen roughly 41% this year following disappointing holiday sales… Continue reading Why did Abercrombie stock jumps 12% despite weak sales guidance?