Shares of ServiceTitan TTAN climbed sharply on Friday after the software company delivered stronger-than-expected quarterly results and raised its full-year outlook. The results drew a fresh round of bullish commentary from Wall Street analysts. The stock rose more than 7% in trading. The rally marked a sharp reversal for the shares, which had fallen about… Continue reading ServiceTitan stock soars 7% after blockbuster earnings, outlook hike
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Lululemon tumbles after forecast cut; analysts see prolonged turnaround ahead
Lululemon Athletica LULU shares fell sharply on Friday after the athletic apparel retailer lowered its annual profit outlook and issued weaker-than-expected sales guidance, deepening investor concerns about the pace of its turnaround efforts. The stock dropped nearly 9% in early trading after the company projected flat to slightly lower revenue for the full year. The… Continue reading Lululemon tumbles after forecast cut; analysts see prolonged turnaround ahead
OpenAI commits to compliance with Trump’s AI review order
OpenAI has confirmed that it will comply with an executive order signed by US President Donald Trump that calls on artificial intelligence companies to allow the federal government to assess the capabilities of their AI models before they are released. Speaking to CNBC’s Arjun Kharpal, George Osborne, OpenAI’s head of countries, said the company would… Continue reading OpenAI commits to compliance with Trump’s AI review order
Dow slips as strong US jobs data sparks chip selloff, hits Nasdaq
US stocks moved lower on Friday as a stronger-than-expected May jobs report dampened expectations for interest rate cuts and triggered renewed selling across semiconductor stocks. The Dow Jones Industrial Average was up 20 points while the S&P 500 fell about 0.6%, and the Nasdaq Composite dropped 1.07%. The market reaction followed fresh labor market data… Continue reading Dow slips as strong US jobs data sparks chip selloff, hits Nasdaq
FTSE 100 rises as inflation concerns ease despite Middle East tensions
The UK’s FTSE 100 rose on Friday, outperforming several global markets amid a broader risk-off sentiment, as investors found reassurance in fresh data indicating that inflationary pressures linked to the Middle East conflict may be less severe than previously feared. The blue-chip FTSE 100 index gained 0.45% by 12:48 pm GMT, while the mid-cap FTSE… Continue reading FTSE 100 rises as inflation concerns ease despite Middle East tensions
Nasdaq futures plunge 300 points: 5 things to know before Wall Street opens
US stock index futures were mixed on Friday as a pullback in major chipmakers weighed on sentiment before the May employment report, a key test for investors trying to judge the Federal Reserve’s next move. Technology shares came under pressure after a strong rally, while traders also weighed inflation risks linked to higher energy prices… Continue reading Nasdaq futures plunge 300 points: 5 things to know before Wall Street opens
Micron stock surged 839% in a year, but analysts warn of cracks
Micron stock (NASDAQ: MU) has delivered one of the most extraordinary rallies in semiconductor history, but Wall Street is becoming increasingly cautious about how much future growth is already reflected in the share price. The memory-chip maker has become one of the biggest winners of the artificial intelligence boom, with its shares up about 840%… Continue reading Micron stock surged 839% in a year, but analysts warn of cracks
London Stock Exchange share price rare pattern points to a surge to 13,440p
The London Stock Exchange (LSEG) share price has pulled back in the past few weeks, moving from the April high of 10,120p to the current 9,162p. This retreat will likely be brief as the company’s fundamentals are still strong and it has slowly formed the bullish inverted head-and-shoulders pattern. London Stock Exchange shares are forming… Continue reading London Stock Exchange share price rare pattern points to a surge to 13,440p
Nvidia’s Jensen Huang hints at Korea’s next trillion-dollar AI opportunity
Nvidia Chief Executive Officer Jensen Huang said robotics could become the next major sector in South Korea, a brief but closely watched remark that points to the chipmaker’s expanding focus beyond data centres and into AI-powered machines. Huang made the comment to reporters on Friday after arriving at Gimpo airport near Seoul on a flight… Continue reading Nvidia’s Jensen Huang hints at Korea’s next trillion-dollar AI opportunity