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Asian stocks rose on Thursday as investors looked past mixed reactions to US technology earnings and focused on the scale of spending still flowing into artificial-intelligence infrastructure. South Korea’s Kospi gained more than 3%, led by SK Hynix and Samsung Electronics, while Japan’s Nikkei 225 advanced about 1%. MSCI’s Asia-Pacific index outside Japan also added… Continue reading Kospi jumps 3% as Asian markets chase Alphabet’s $200B AI splurge

Tesla stock (NASDAQ: TSLA) sank more than 4% in after-hours trading after second-quarter results exposed the mounting cost of Elon Musk’s push into artificial intelligence, autonomous taxis and humanoid robots. Revenue rose 26% to $28.24 billion, beating Tesla’s company-compiled consensus of $27.58 billion. Adjusted earnings were 33 cents a share, missing the 55-cent consensus. Capital… Continue reading Tesla stock sinks 4% after Q2 earnings: has Elon Musk’s AI pivot gone too far?

Famed investor Jim Cramer has declared Intel (INTC) a “miracle stock” ahead of the giant’s fiscal Q2 earnings set to be released today (July 23rd) after market close. In a recent segment of CNBC, the former hedge fund manager also reiterated that INTC remains his favourite pick in the chip sector. Consensus is for the… Continue reading Jim Cramer dubs Intel a ‘miracle stock’ ahead of earnings

Alphabet Inc. reported second-quarter results that exceeded Wall Street expectations on earnings and revenue, driven by strong cloud growth, although its search advertising business narrowly missed analyst estimates. The Google parent posted cloud revenue of $24.77 billion for the quarter ended June 30, an 82% increase from a year earlier and ahead of Bloomberg-compiled analyst… Continue reading Alphabet earnings beat estimates as cloud growth tops forecasts

US stocks closed mixed on Wednesday as rising oil prices and caution ahead of a key batch of corporate earnings weighed on investor sentiment. Investors also continued to monitor developments in the Middle East and reassess expectations for Federal Reserve interest rates. The S&P 500 fell 0.1%, while the Nasdaq Composite declined 0.6%. The Dow… Continue reading Dow flat as S&P 500, Nasdaq slip before Big Tech earnings, oil climbs

Palantir Technologies Inc. (PLTR) shares fell on Wednesday as investors weighed fresh regulatory scrutiny surrounding the company’s UK National Health Service (NHS) Federated Data Platform (FDP) contract alongside growing concerns over emerging competition ahead of its upcoming earnings report. The decline comes as the UK’s Office for Statistics Regulation (OSR) addressed concerns over how NHS… Continue reading Why is Palantir stock falling 5% today? 

Global markets remained focused on four major developments on Wednesday, as the US and Iran signaled no immediate return to negotiations amid escalating military action.  AMD and Anthropic reportedly reached a multibillion-dollar AI infrastructure agreement centered on next-generation chips. Gold climbed to a two-week high as a weaker dollar offset concerns over higher oil prices.… Continue reading Evening Digest: US-Iran tensions rise, Anthropic to buy AMD chips

Dell Technologies Inc. (DELL) shares moved 9% higher on Wednesday after Super Micro Computer released a stronger-than-expected preliminary update that reinforced expectations for continued spending on artificial intelligence infrastructure. The rally followed Super Micro’s announcement that it received more than $60 billion in new orders during its fiscal fourth quarter, driving its order backlog to… Continue reading Dell stock gains 9%, and it has Super Micro Computer to thank