Intel, one of the best-performing stocks in the S&P 500 Index this year, has lost momentum in recent weeks. The stock has fallen 32% from its year-to-date high and is hovering near its lowest level since May. That weakness will face a crucial test later this week when the chipmaker reports its quarterly financial results.… Continue reading Intel stock could be at risk of hitting $75 as Q2 earnings loom
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AMD stock gets a big boost from Microsoft ahead of AI event
Advanced Micro Devices (AMD) stock is pushing higher on Monday morning after the chipmaker announced a major, full-stack expansion of its strategic partnership with Microsoft (MSFT). The centerpiece of the new deal is MSFT committing to deploy AMD Helios Rackscale Solution “at scale” within its Azure cloud infrastructure. AMD shares have been a blockbuster investment… Continue reading AMD stock gets a big boost from Microsoft ahead of AI event
General Motors stock forms risky patterns as earnings report loom
General Motors stock has retreated in recent days, falling from its year-to-date high of $87 in February to about $76 today. The pullback could continue in the near term after the stock formed a bearish double-top pattern ahead of its second-quarter earnings report. General Motors to publish earnings on July 21 GM stock will be… Continue reading General Motors stock forms risky patterns as earnings report loom
Dow rises 140 points as chip stocks rebound ahead of Big Tech earnings
US stocks opened higher on Monday as semiconductor stocks recovered from last week’s selling, while investors awaited key earnings announcements in the week. The Dow Jones Industrial Average rose 143 points, or 0.28%. The S&P 500 advanced 0.56%, while the Nasdaq Composite traded 0.87% higher. The recovery followed a difficult week for US equities, with… Continue reading Dow rises 140 points as chip stocks rebound ahead of Big Tech earnings
UK government backs British AI startup CuspAI in $450M funding round
Cambridge-based AI startup CuspAI has raised $450 million in fresh funding. Investors include Amazon founder Jeff Bezos and the UK government. The company will use the funds to speed up the discovery of new materials for industries such as semiconductors and clean energy. The Series B funding round values the two-year-old company at $2.6 billion… Continue reading UK government backs British AI startup CuspAI in $450M funding round
FTSE 100 falls as rising oil prices and political uncertainty weigh on sentiment
London’s FTSE 100 edged lower on Monday as escalating tensions between the United States and Iran raised concerns over shipping through the Strait of Hormuz. Investors also turned their attention to Britain’s political transition as Andy Burnham prepared to take office as the country’s new prime minister. The blue-chip FTSE 100 index fell 0.5% to… Continue reading FTSE 100 falls as rising oil prices and political uncertainty weigh on sentiment
I think AI will create more jobs, says Dr Richard Peterson, founder of MarketPsych
Artificial intelligence has become the defining investment story of the decade, propelling companies like Nvidia, Broadcom, and Micron to record valuations while helping drive the S&P 500 to successive highs. But every transformative technology has, at some point, been accompanied by concerns that optimism has run too far. That question formed the basis of the… Continue reading I think AI will create more jobs, says Dr Richard Peterson, founder of MarketPsych
Domino’s Q2 tops estimates as supply-chain growth offsets restaurant demand
Domino’s Pizza reported second-quarter revenue that narrowly exceeded Wall Street expectations, as growth in its supply-chain business helped offset softer demand across its restaurant operations. Consumers continued to limit discretionary spending, weighing on sales at the pizza chain’s stores. The Ann Arbor, Michigan-based company reported second-quarter revenue of $1.19 billion, slightly above analysts’ estimates of… Continue reading Domino’s Q2 tops estimates as supply-chain growth offsets restaurant demand
Dow futures jump 130 points: 5 things to know before Wall Street opens
US stock futures edged higher on Monday as investors attempted to stabilise markets after last week’s semiconductor-led retreat, with a packed technology earnings calendar set to determine whether the AI rally still has room to run. Dow, S&P 500 and Nasdaq 100 contracts posted modest gains in early New York trading, but confidence remained fragile… Continue reading Dow futures jump 130 points: 5 things to know before Wall Street opens