Tesla (TSLA) stock climbed around 2.5% on Monday, extending last week’s strong rally as investors continued piling into the electric vehicle maker ahead of several potential catalysts tied to artificial intelligence and autonomous driving. The stock has already gained nearly 10% over the past week. The latest move came as Piper Sandler reiterated its Overweight… Continue reading Why Tesla stock is up around 2.5% on Monday
stocktrader
Q1 beat, $40M contract are old news – why is MRAM stock soaring today then?
Everspin Technologies Inc (MRAM) has been in a sharp uptrend since late April, when it posted a massive Q1 earnings beat and announced a $40 million agreement with a US prime contractor. Yet, the company’s share price ripped higher – as much as 50% – on Monday morning. For novice investors, the price action may… Continue reading Q1 beat, $40M contract are old news – why is MRAM stock soaring today then?
Apple deal fails to lift BofA’s view on Intel stock
Investors continue to cheer Intel Corp (NASDAQ: INTC) following reports of its preliminary chip manufacturing agreement with Apple Inc (NASDAQ: AAPL). This marks a seismic shift for Intel Foundry – suggesting the semiconductor giant is about to sign on a high-volume, high-profile mobile customer it has chased for years. However, Bank of America analysts led… Continue reading Apple deal fails to lift BofA’s view on Intel stock
Why Nvidia stock is beating the broader market today
Nvidia (NVDA) stock rose in early trading Monday as investors positioned ahead of the chipmaker’s upcoming earnings report, with shares approaching a fresh record close. Shares were up 2.07% at $219.76 in early trading after ending Friday at $215.20, just below the stock’s previous record close of $216.61 reached on April 27. The sharp move… Continue reading Why Nvidia stock is beating the broader market today
Moderna stock soars as hantavirus fears spark outbreak trade
Moderna shares surged on Monday as investors rushed into vaccine and biotech stocks following reports of a hantavirus outbreak linked to a cruise ship, despite health authorities maintaining that the overall public health risk remains low. The stock rose 9.43% to $59.48, its intraday high after a US national tested mildly positive for the Andes… Continue reading Moderna stock soars as hantavirus fears spark outbreak trade
Micron stock is extremely cheap despite the ongoing bull run: is it a buy?
Micron stock price continued firing in all cylinders today, May 11, as demand for its products soared. MU jumped by over 6% to $790, continuing an uptrend that started in April last year when it bottomed at $64. Still, despite the surge, there are signs that the company is still a bargain. Micron stock is… Continue reading Micron stock is extremely cheap despite the ongoing bull run: is it a buy?
Circle stock forecast: Revenue growth picks up pace as Arc raises $222M
Circle Internet stock jumped by over 4% in the premarket session after publishing an encouraging first-quarter earnings report, which demonstrated strong revenue growth. CRCL jumped to the important resistance level at $120, up sharply from the year-to-date low of $50. Circle stock jumps as revenue growth continued CRCL stock price has been in a tight… Continue reading Circle stock forecast: Revenue growth picks up pace as Arc raises $222M
Nasdaq 100 Index RSI hits a level that triggered a 16% crash last time
The Nasdaq 100 Index continued its strong bull run this month, reaching its highest point on record. It was trading at an all-time high of $29,235, up by over 15% this year. This rally will be put to the test as the index has become the most overbought since June 2024. Nasdaq 100 Index has… Continue reading Nasdaq 100 Index RSI hits a level that triggered a 16% crash last time
Strategy (MSTR) adds $43M in Bitcoin as Saylor revives aggressive buying
Strategy, the bitcoin-focused company (previously known as Microstrategy), has expanded its cryptocurrency holdings once again, purchasing an additional 535 BTC for approximately $43 million between May 4 and May 10, according to a filing with the Securities and Exchange Commission. The company paid an average price of $80,340 per bitcoin in the latest acquisition round,… Continue reading Strategy (MSTR) adds $43M in Bitcoin as Saylor revives aggressive buying