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Around two weeks ago, Elon Musk’s SpaceX conglomerate went public. Everyone who is remotely interested has a fair idea of the numbers. But in a nutshell, it was easily the biggest Initial Public Offering (IPO) in history. It also led to Mr Musk becoming the first ever trillionaire, however briefly. Without doubt, the whole SpaceX… Continue reading Column: was SpaceX IPO the peak of the AI bull market?

Sellas Life Sciences (SLS) shares are extending gains on Jun. 26 following a key regulatory filing that disclosed a series of comprehensive corporate amendments regarding executive compensation and protection. Specifically, the board restructured change-of-control and severance agreements for CEO Angelos Stergiou, CFO John Burns, and CDO Dragan Cicic. The marketplace is widely interpreting these sudden… Continue reading What’s driving SLS stock higher today and what comes next?

Netflix Inc. (NFLX) shares rose more than 5% on Friday, outperforming the broader market. Investors assessed the streaming giant’s growing investments in live sports programming and artificial intelligence initiatives as potential drivers of long-term growth and user engagement. The S&P 500 gained 0.3% while the Nasdaq Composite was up 0.06%. Investors appeared encouraged by Netflix’s… Continue reading Why is Netflix stock rising 5% on Friday? 

Shares of Quantum Cyber (NASDAQ: QUCY) surged 24% on Friday after the company announced that its board had approved pursuing the acquisition of an equity stake in SpaceX (NASDAQ: SPCX). The company said the proposed investment is driven by the strategic alignment between the two firms’ defense and communications capabilities. The company said its board… Continue reading Quantum Cyber jumps 24% on plans to acquire strategic stake in SpaceX

Nvidia stock (NVDA) fell again on Friday as a broader technology-sector selloff continued to pressure artificial intelligence stocks, leaving the chipmaker on track for its worst weekly performance in more than a year. The stock declined about 1.5% to $192.35 in early trading. If losses hold through the close, Nvidia would finish the week down… Continue reading Nvidia stock continues decline on Friday: what’s hurting the AI darling?

Micron Technology’s MU shares fell sharply on Friday, giving up part of the gains recorded earlier in the week despite the memory chipmaker reporting stronger-than-expected quarterly results. The stock declined nearly 5% in premarket trading as weakness spread across the broader semiconductor sector. Other US chipmakers also traded lower, with Intel down just over 3%,… Continue reading Micron shares fall after AI-fuelled rally despite blowout earnings

US stocks opened lower on Friday as investors continued to rotate out of technology stocks, with chipmakers facing renewed selling pressure despite strong recent earnings and upbeat demand forecasts. The Dow Jones Industrial Average was down 207 points points while the Nasdaq Composite dropped 0.95%. The S&P 500 declined 0.61%. The latest weakness comes after… Continue reading Dow falls 200 points as tech selloff deepens and chip stocks extend retreat