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The unprecedented scale of upcoming initial public offerings (IPOs) from SpaceX, Anthropic, and OpenAI could mean near-term turbulence for the US stock market, says Steve Brice, global chief investment officer of wealth solutions at Standard Chartered. Why? Because these mega-cap market debuts will likely present “digestion challenges,” he argued in a recent CNBC interview, adding… Continue reading Standard Chartered says SpaceX, Anthropic, OpenAI IPOs will weigh on stock market

US stocks closed higher on Tuesday as investors balanced continued enthusiasm for artificial intelligence-related investments against ongoing uncertainty surrounding US-Iran negotiations and rising geopolitical tensions in the Middle East. The Dow Jones Industrial Average rose 237 points, or 0.46%, to close at 51,316.01, setting a new record high. The S&P 500 added 0.13% to finish… Continue reading Dow hits record high as AI rally offsets US-Iran tensions on Wall Street

Coherent and Lumentum Holdings shares surged on Tuesday as investors piled into optical networking stocks. The rally followed comments from Nvidia Chief Executive Jensen Huang, highlighting the growing importance of optical interconnects in artificial intelligence data centers. The rally came alongside a sharp gain in Marvell Technology shares after Huang suggested the chipmaker could become… Continue reading Why Coherent and Lumentum stocks jumped on Tuesday

Marvell Technology (MRVL) ripped higher this morning as Nvidia’s chief executive Jensen Huang signalled the company could be “the next trillion-dollar opportunity” at the Computex conference in Taipei. According to Cantor Fitzgerald’s senior managing director, CJ Muse, however, Huang’s comment was more cheerleading than forecast – and investors hunting for real AI upside should be… Continue reading Jensen Huang’s comment on Marvell stock ‘figurative, not literal’: CJ Muse argues

Shares of major US exchange operators extended their decline on Tuesday as investors assessed the potential impact of newly approved cryptocurrency perpetual futures contracts. Analysts say the move could reshape competition across derivatives markets and create new challenges for established exchange operators. The selloff followed the Commodity Futures Trading Commission’s decision to clear the way… Continue reading US exchange stocks slide as crypto perpetual futures threat looms

Virgin Galactic shares (SPCE) plunged on Tuesday, reversing part of a dramatic rally that had made the stock one of the biggest gainers among space-related companies in recent weeks. The stock fell as much as 38%, marking its steepest one-day decline on record, after the space tourism company announced plans to repay debt by issuing… Continue reading Virgin Galactic stock crashes 38%: Here’s why investors are selling

Tesla (TSLA) shares rose 1.6% on Tuesday to $422.57, rebounding after two consecutive sessions of declines as investors welcomed stronger vehicle sales data from China and signs of continued recovery across several European markets. The gain followed a difficult start to the week for the electric vehicle maker. Tesla stock fell roughly 4.5% on Monday… Continue reading Tesla stock rebounding around 1.5% today: what’s behind the move?

The upcoming SpaceX IPO on June 12 is shaping up to be one of the most closely watched stock market events in recent history.  Elon Musk’s aerospace company is reportedly seeking to raise up to $75 billion in what could become the largest initial public offering ever, surpassing previous records and drawing attention from both… Continue reading 5 things to know before buying SpaceX IPO

Hewlett Packard Enterprise (HPE) shares are up more than 25% this morning after reporting a record Q2 and offering impressive guidance for the full year. Versus its year-to-date low in late February, HPE shares have nearly tripled already – but a senior Loop Capital analyst believes they still have significant room to the upside. Ananda… Continue reading Is there any further upside left in HPE stock? Loop Capital explains