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Asian equities fell on Tuesday as doubts over a Middle East ceasefire weighed on risk appetite, offsetting optimism around artificial intelligence funding and potential listings. MSCI’s Asia-Pacific index excluding Japan slipped 0.6% after a volatile open. South Korea’s KOSPI fell as much as 3.3%, while Japan’s Nikkei 225 declined 1.9%. S&P 500 e-mini futures were… Continue reading Nikkei 225 leads Asian markets lower as Middle East tensions hit sentiment

US stocks advanced on Monday, with the S&P 500 and Nasdaq Composite reaching fresh record highs as gains in technology shares helped offset concerns about rising oil prices and renewed uncertainty surrounding US-Iran negotiations. The S&P 500 rose 0.27% to close at 7,600.03, while the Nasdaq Composite gained 0.43% to 27,087.37. The Dow Jones Industrial… Continue reading Dow, S&P 500 hit record highs as Nvidia rally offsets oil surge

Costco Wholesale COST shares have come under pressure following the retailer’s latest quarterly earnings report, but several analysts argue that the recent pullback may not reflect the company’s long-term strengths. The stock fell again on Monday, marking its seventh decline in the past eight trading sessions. At around $949.50, Costco was on track for its… Continue reading Why analysts are backing Costco despite its post-earnings slump

Shares of Zscaler surged on Monday after Guggenheim upgraded the cybersecurity company to Buy from Neutral, arguing that the recent selloff has created an attractive entry point for investors despite ongoing concerns about growth. Zscaler shares climbed 10% to $154.11, extending a rebound that put the stock on track for its third consecutive daily gain.… Continue reading Zscaler jumps 10% after Guggenheim upgrade signals 40% upside

Japan stock have already had a record run, and one of the largest Wall Street banks believes their rally is far from over yet. Goldman Sachs strategists have raised their 12-month target for the benchmark Topix index to 4,400, indicating potential upside of more than 10% from current levels. According to them, renewed foreign interest,… Continue reading Japan stocks have had a record run: Goldman Sachs sees them pushing higher

Zoom Communications shares surged on Monday after AI startup Anthropic disclosed plans for an initial public offering, boosting the value of Zoom’s early investment in the company. Shares of Zoom rose 11% to $112.86 after Anthropic disclosed that it had confidentially submitted draft registration paperwork to the US Securities and Exchange Commission for a proposed… Continue reading Zoom stock jumps as Anthropic IPO plans boost AI investment value

Munich-headquartered Siemens says its had developed a DSX Vera Rubin-aligned reference design in collaboration with Nvidia (NVDA) and Fluence Energy (FLNC). The firm’s announcement of a deployable, industrialized electrical, power, and control architecture purpose-built for hyperscalers, colocation providers, and specialized cloud infrastructure operators sent FLNC up some 40% on June 1st. Despite its meteoric run… Continue reading Fluence Energy stock pops on Siemens/Nvidia announcement but gains may be short lived

Microsoft (MSFT) shares surged on Monday as investors welcomed Nvidia’s latest artificial intelligence-focused PC initiative and a series of bullish analyst comments highlighting the software giant’s expanding AI opportunities. The rally followed a major announcement from Nvidia at the Computex technology conference in Taiwan, where Chief Executive Officer Jensen Huang unveiled a new processor developed… Continue reading Why Microsoft stock is up around 2% today

Anthropic has confidentially filed for an initial public offering, setting the stage for what could become one of the largest stock market debuts in history and intensifying competition with rivals OpenAI and SpaceX. The artificial intelligence company announced on Monday that it had submitted draft registration paperwork to the US Securities and Exchange Commission, giving… Continue reading Anthropic files for IPO, setting up AI showdown with OpenAI and SpaceX