Tesla stock (TSLA) fell on Wednesday as investors continued to look past the electric-vehicle maker’s core automotive business and instead focused on the company’s long-term artificial intelligence ambitions. Shares were down 2.2% at $393.91 in midday trading after falling 4% on Tuesday. The S&P 500 declined 0.8%, while the Dow Jones Industrial Average lost 1.5%.… Continue reading Why Tesla stock is down around 2% today
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Penguin Solutions stock jumps 18% as AI demand, Nvidia deal drive analyst upgrades
Penguin Solutions Inc. (PENG) shares surged 18% on Wednesday after the company delivered stronger-than-expected fiscal third-quarter results. It has prompted Wall Street analysts to raise their price targets as demand for artificial intelligence infrastructure and memory products continued to strengthen. The stock has gained nearly 221% so far in 2026, reflecting investor optimism around the… Continue reading Penguin Solutions stock jumps 18% as AI demand, Nvidia deal drive analyst upgrades
Zhipu seeks $4B in Hong Kong share sale after AI stock rally
Chinese artificial intelligence company Knowledge Atlas Technology JSC, better known as Zhipu AI, is seeking to raise around $4 billion through a share placement in Hong Kong. The share sale comes after its stock surged following its market debut earlier this year. The fundraising comes as investor interest in Chinese AI companies remains strong and… Continue reading Zhipu seeks $4B in Hong Kong share sale after AI stock rally
Alibaba stock: Cathie Wood isn’t buying the AI hype
Alibaba (BABA) stock is printing its strongest single-day performance in about ten months on July 8th following a sneak peek into its fiscal Q1 results. Investors are loading up on the Chinese tech behemoth after the leaked earnings preview signalled a return to top-line growth in its core e-commerce segment. Additionally, BABA is proving… Continue reading Alibaba stock: Cathie Wood isn’t buying the AI hype
SpaceX stock is back to its opening price of $150: is it a buy now?
SpaceX shares SPCX are hovering near their opening price now, erasing all of the gains made after the company’s blockbuster stock market debut. The stock fell as investors look past the boost from its inclusion in the Nasdaq-100 and instead focus on lofty valuations, broader market weakness, and concerns over elevated expectations. The stock touched… Continue reading SpaceX stock is back to its opening price of $150: is it a buy now?
Plug Power stock sinks even as turnaround story builds, short interest hits 27.4%
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,… Continue reading Plug Power stock sinks even as turnaround story builds, short interest hits 27.4%
Celestica stock is up 125% in 12 months: more upside ahead?
Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest Canadian companies. Celestica stock has… Continue reading Celestica stock is up 125% in 12 months: more upside ahead?
Dow falls 500 points as Trump’s Iran remarks send oil prices higher
US stocks opened lower on Wednesday after President Donald Trump said an interim agreement aimed at ending the conflict with Iran was “over,” triggering a broad risk-off move across global markets as oil prices surged and investors reassessed geopolitical risks. The Dow Jones Industrial Average fell about 509 points, or 0.96%, while the S&P 500… Continue reading Dow falls 500 points as Trump’s Iran remarks send oil prices higher
From startups to Big Tech, Nvidia’s rivals are multiplying: can it be dethroned?
The race to challenge Nvidia’s dominance in artificial intelligence chips is entering a new chapter, with startups attracting billions of dollars in funding, Big Tech accelerating in-house chip development, and investors betting that the next phase of AI computing may not belong exclusively to graphics processing units. While Nvidia continues to dominate the market for… Continue reading From startups to Big Tech, Nvidia’s rivals are multiplying: can it be dethroned?