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US stock markets reversed losses and turned higher on Thursday after reports that the United States and Iran had reached a draft agreement, easing geopolitical concerns and improving investor sentiment following earlier losses tied to uncertainty around the conflict. The Dow Jones Industrial Average rose 309 points, or 0.62%, while the S&P 500 gained 0.37%.… Continue reading Dow reverses early losses as US-Iran deal hopes lifts markets

Shares of USA Rare Earth USAR moved 8% higher on Thursday after the company was selected for potential funding from the US Department of Energy under its “Critical Materials Innovation, Efficiency and Alternatives” program. The move added fresh momentum to a stock already benefiting from renewed interest in domestic rare earth supply chains. The funding… Continue reading USA Rare Earth stock jumps as DOE funding fuels growth optimism

SpaceX has officially shattered Wall Street norms with its landmark S-1 filing, paving the way for a June 12 Nasdaq debut under the ticker SPCX. Seeking to raise a record-breaking $75 billion at a staggering $1.75 trillion valuation, the aerospace giant is executing a highly unconventional playbook. Rather than reserving the lion’s share of the… Continue reading SpaceX offering IPO access to retail investors: democracy or distraction?

Spotify (SPOT) shares surged on Thursday after the music streaming company outlined ambitious long-term growth targets at its first investor day since 2022 and unveiled a major artificial intelligence-focused partnership with Universal Music Group, boosting investor optimism about its future beyond streaming. Shares of Spotify rose as much as 14% during the session after management… Continue reading Why Spotify stock is surging 14% today?

Nvidia (NVDA) delivered another blockbuster earnings report, but investors appeared unimpressed as the stock struggled to rally. Shares fell around 1.9% on Thursday morning, with the stock slipping to around $219.62 in early trading. The muted reaction came despite Nvidia once again surpassing Wall Street expectations and forecasting even stronger growth ahead. Nvidia reported fiscal… Continue reading Why Nvidia stock is down 2% after blockbuster earnings

Shares of Chinese electric vehicle maker Nio came under pressure after options trading reflected mixed investor sentiment and expectations for higher volatility, even as the company reported sharply higher revenue and vehicle deliveries for the first quarter. The derivatives market reaction overshadowed otherwise strong operating results and an optimistic outlook tied to an aggressive product… Continue reading Why is Nio stock falling despite revenue surge and strong EV delivery growth

Blockchain.com has confidentially filed for an initial public offering in the United States, the cryptocurrency exchange said on Thursday, marking another potential public market debut from the digital asset sector. Confidential filings with the US securities regulator allow companies to prepare for initial public offerings away from public market scrutiny. The process enables firms to… Continue reading Crypto platform Blockchain moves ahead with confidential IPO filing

US stock indices moved lower on Thursday as rising oil prices and higher Treasury yields renewed concerns about inflation and geopolitical tensions, while investors evaluated whether Nvidia delivered enough upside to justify its elevated valuation after another strong earnings report. The S&P 500 fell 0.48%, while the Nasdaq Composite declined 0.56%. The Dow Jones Industrial… Continue reading Dow, S&P 500 fall as oil prices rise and Nvidia fails to lift sentiment

Neocloud companies are reporting some of the best financial results this year as the artificial intelligence boom accelerates. Despite this, Wall Street traders are betting against some of the top names in the industry, like CoreWeave, Nebius, and IREN. CoreWeave, Nebius, and IREN short interest is rising Data shows that the short interest of some… Continue reading Traders bet against CoreWeave, Nebius, IREN stocks despite strong growth