Micron and SanDisk shares rebounded in the early premarket trading on Monday after a bruising semiconductor sell-off forced investors to reassess one of the most crowded parts of the artificial intelligence trade. At 5:45 am ET, Micron (NASDAQ: MU) was up more than 3%, while SanDisk (NASDAQ: SNDK) had gained about 2.5%, according to market… Continue reading Micron stock up 3%, SanDisk gains 2.5%: what woke the memory trade?
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Moonshot AI pauses Kimi K3 subscriptions as demand strains compute capacity
Chinese artificial intelligence startup Moonshot AI has temporarily paused new consumer subscriptions after overwhelming demand for its recently launched Kimi K3 model stretched its computing capacity. The move comes as the company seeks fresh funding and prepares for a potential initial public offering (IPO) in Hong Kong. Two people familiar with the matter told Reuters… Continue reading Moonshot AI pauses Kimi K3 subscriptions as demand strains compute capacity
QuantumScape stock: what could trigger its looming 15% earnings swing?
QuantumScape stock (NASDAQ: QS) faces a potentially sharp earnings reaction on Wednesday as investors test whether the solid-state battery developer can turn technical progress into a credible manufacturing and commercialisation plan. Options traders are pricing a move of roughly 12% to 15% in either direction after the second-quarter report, reflecting the uncertainty surrounding a company… Continue reading QuantumScape stock: what could trigger its looming 15% earnings swing?
European stocks edge lower amid US-Iran tensions
European shares traded lower on Monday as escalating tensions between the United States and Iran pushed oil prices higher, raising concerns about inflation ahead of another corporate earnings season. Investors also turned their attention to upcoming earnings from major US technology companies and the European Central Bank’s policy meeting later this week. Geopolitical tensions pressure… Continue reading European stocks edge lower amid US-Iran tensions
Top 4 catalysts for the FTSE 100 Index this week
The FTSE 100 Index has held steady in the past few days, reaching its highest point since July 8. It has jumped by nearly 10% from its lowest point in March this year. This article highlights some of the top catalysts for the Footsie Index this week. FTSE 100 Index to react to US-Iran war… Continue reading Top 4 catalysts for the FTSE 100 Index this week
Top professor explains why WTI crude oil price could surge soon
Brent and the West Texas Intermediate (WTI) crude oil benchmarks jumped on Monday, reaching their highest levels since June 12 as the crisis in the Middle East escalated. Even so, Professor John Mearsheimer has warned that this rally could accelerate in the near term. John Mearsheimer warns on crude oil prices Mearsheimer, a distinguished professor… Continue reading Top professor explains why WTI crude oil price could surge soon
Hang Seng Index jumps on China stimulus hopes as Alibaba stock soars
The Hang Seng Index jumped more than 2% on Monday, making it the best-performing major benchmark in Asia as investors bet on fresh Chinese stimulus following a string of weak economic data. The index climbed to 25,103, its highest level since June 5. Hang Seng Index jumps on stimulus hopes Hong Kong stocks continued rising,… Continue reading Hang Seng Index jumps on China stimulus hopes as Alibaba stock soars
Asian markets wobble as $90 Brent turns tech earnings into a stress test
Asian stocks opened lower on Monday as Brent crude climbed above $90 a barrel, reviving inflation fears just as investors prepared for a defining week of technology earnings. MSCI’s Asia-Pacific gauge outside Japan slipped 0.3%, while South Korea’s chip-heavy Kospi fell another 4.2% after losing almost 9% last week. Chinese blue chips bucked the trend… Continue reading Asian markets wobble as $90 Brent turns tech earnings into a stress test
Kospi Index slides as Samsung, SK Hynix sink; Barclays stays bullish on semis
The Kospi Index retreated by over 4% today, July 20, as concerns on the technology sector coincided with the ongoing US-Iran war. It slumped to 6,525 points, down substantially from the year-to-date high of 9,387. Still, despite this weakness, Barclays and UBS analysts believe that top semiconductor stocks have an upside. Barclays and UBS are… Continue reading Kospi Index slides as Samsung, SK Hynix sink; Barclays stays bullish on semis