Elon Musk’s latest comments highlight a balancing act at the centre of his artificial intelligence strategy. Even as Tesla advances its own chip development and SpaceX deepens its AI ambitions, both companies are expected to continue buying Nvidia hardware at scale. The update comes at a time when Tesla is building its next generation AI… Continue reading Why Elon Musk is still buying Nvidia chips despite Tesla’s AI5 push
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HSBC share price outlook as it eyes another round of layoffs
The HSBC share price has slumped and moved into a correction after falling by 12% from its highest point this year. It has dropped to 1,210p, mirroring the performance of other European banks. So, will it rebound as the company plans more job cuts amid its AI investment? HSBC plans massive job cuts HSBC, the… Continue reading HSBC share price outlook as it eyes another round of layoffs
HDFC Bank hits 52-week low: did Chairman’s exit signal trouble?
HDFC Bank’s boardroom shock has turned an already weak stock into one of the market’s biggest stress points. Shares of India’s largest private lender plunged over 8% on Thursday after part-time Chairman Atanu Chakraborty resigned with immediate effect. The market reaction was swift because the resignation did not come with a clear explanation. In his… Continue reading HDFC Bank hits 52-week low: did Chairman’s exit signal trouble?
Micron stock: why attack on Qatar’s energy facility is bearish for it
Micron Technology (MU) slipped notably after market close on March 18, even though the memory chips specialist posted a blowout quarter featuring a nearly 200% year-on-year increase in revenue to $23.86 billion. And while this weakness is being attributed primarily to the firm’s warning that capex will step up “meaningfully” this year, part of it… Continue reading Micron stock: why attack on Qatar’s energy facility is bearish for it
Asian markets tumble as Middle East strikes spark oil shock
Asian markets tumbled at the open on Thursday following the escalation of geopolitical tensions in the Middle East. Brent crude pushed above $110 a barrel after strikes on critical energy infrastructure deepened fears of a broader supply squeeze. The development came as Tehran hit a major energy facility in Qatar in a direct response to… Continue reading Asian markets tumble as Middle East strikes spark oil shock
Micron stock falls despite AI demand driving blowout earnings, outlook
Micron Technology delivered a blockbuster set of second-quarter results on Wednesday, underscoring the strength of demand for memory chips driven by artificial intelligence and data center expansion. The company reported adjusted earnings per share of $12.20, far exceeding Wall Street expectations of about $9.19. Revenue surged to roughly $23.9 billion, well above consensus estimates near… Continue reading Micron stock falls despite AI demand driving blowout earnings, outlook
Dow falls 700 pts as Fed holds rates, hot PPI fuels inflation fears
Wall Street ended sharply lower on Wednesday as investors reacted to the Federal Reserve’s decision to hold interest rates steady, rising inflation pressures, and escalating geopolitical risks linked to the Middle East conflict. Major US indexes extended losses following the Fed’s announcement and fresh economic data. The Dow Jones Industrial Average fell about 768 points,… Continue reading Dow falls 700 pts as Fed holds rates, hot PPI fuels inflation fears
What to expect from Micron’s Q2 earnings today?
Micron Technology is set to report its fiscal second-quarter earnings after the bell on March 18, with investors bracing for a high-stakes release as the chipmaker rides a powerful wave of demand driven by artificial intelligence. Analysts expect Micron to report earnings of around $9.19 per share on revenue nearing $19.7 billion, according to FactSet… Continue reading What to expect from Micron’s Q2 earnings today?
Four big reasons that are hurting Fannie Mae stock today
Federal National Mortgage Association (FNMA) is slipping this morning as a “significant decline” in mortgage applications raised fresh concerns about housing market momentum. While Fannie Mae remains a cornerstone of US housing market, a fusion of delayed privatization, rising interest rates, and institutional rebalancing has created a perfect storm for investors. FNMA stock price has… Continue reading Four big reasons that are hurting Fannie Mae stock today