Venice AIToken price is getting supercharged today, May 20th, helped by the recent Robinhood listing, upcoming NVIDIA earnings, growing usage, and increased VVV token burns. The token has jumped for four consecutive days and is now nearing its all-time high. Venice AI users are growing In an era when popular companies like ChatGPT and Anthropic… Continue reading Here’s why the Venice AI token price is going parabolic and what next
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Michael Burry just loaded up on these 5 ‘beaten-down’ stocks
Big Short investor Michael Burry is aggressively reallocating capital toward beaten-down stocks, warning the artificial intelligence (AI) boom increasingly resembles the dot-com era. According to him, a remarkable 87% of venture funding now targets AI, creating what he dubs an “asset bubble – plain and simple”. To hedge against it, Burry is decisively rotating into… Continue reading Michael Burry just loaded up on these 5 ‘beaten-down’ stocks
Samsung stock plunges as 47,000 workers set to strike after talks fail
Samsung stock plunged nearly 4% on Wednesday due to the prospect of the biggest strike in the company’s history, after talks with its South Korean labour union failed to produce a pay deal. Over 47,000 workers are poised to walk out for 18 days from May 21, raising fears of disruption at the world’s largest… Continue reading Samsung stock plunges as 47,000 workers set to strike after talks fail
Brent crude oil price forecast as Trump options in Iran dwindle
Brent crude oil price held steady above $110 on Wednesday as investors predicted a prolonged conflict in the Middle East. It has soared sharply from last month’s low of $86. Potential for a prolonged conflict There is a likelihood that the US and Iran will go through a prolonged conflict this year. That’s because President… Continue reading Brent crude oil price forecast as Trump options in Iran dwindle
Dow falls 320 points as rising bond yields pressure stocks
US stocks closed lower on Tuesday, with the S&P 500 and Nasdaq Composite extending their losing streaks to three consecutive sessions as rising Treasury yields and persistent inflation concerns weighed on investor sentiment. The S&P 500 declined 0.67%, while the Nasdaq Composite lost 0.84%. The Dow Jones Industrial Average fell 321.81 points, or 0.65%, as… Continue reading Dow falls 320 points as rising bond yields pressure stocks
Intel snaps its losing streak: what is driving the rebound?
Shares of Intel (INTC) rebounded on Tuesday after a bruising multi-day selloff, as analysts turned increasingly optimistic about the chipmaker’s long-term positioning in artificial intelligence infrastructure and server processors. Intel stock rose more than 2% on Tuesday, snapping a five-session losing streak that had dragged shares down roughly 16% over the previous week. The rebound… Continue reading Intel snaps its losing streak: what is driving the rebound?
Astera Labs stock jumps 16%: is AI inference the next big catalyst?
Shares of Astera Labs (ALAB) surged more than 16% on Tuesday after bullish Wall Street commentary and upbeat management remarks reinforced investor enthusiasm around the company’s positioning in the rapidly evolving artificial intelligence infrastructure market. Astera Labs stock traded as high as $255.96 during the session before changing hands near $251.28 in afternoon trading. The… Continue reading Astera Labs stock jumps 16%: is AI inference the next big catalyst?
Bakkt stock: can it really the sustain insider-driven momentum on Tuesday?
Bakkt Inc (BKKT) is ripping higher this morning as regulatory filings confirmed director Michael Alfred has aggressively loaded on the company’s Class A common shares. Alfred has purchased a whopping 585,000 shares through his investment vehicle – Alpine Fox LP – for more than $4.85 million at a per-share price of $8.27 on average. Despite… Continue reading Bakkt stock: can it really the sustain insider-driven momentum on Tuesday?
Agilysys rallies 15%: why AI fears are fading for the software company
Shares of Agilysys (AGYS) surged 15% on Tuesday after the hospitality software provider delivered quarterly results that topped Wall Street expectations and issued stronger-than-expected full-year guidance. The results have eased investor concerns that artificial intelligence could weaken demand for traditional software companies. Agilysys stock climbed to $80.41, putting the shares on track for their best… Continue reading Agilysys rallies 15%: why AI fears are fading for the software company