Geopolitical risks reached a fever pitch on Monday after the US President Donald Trump said Iran ceasefire is “on life-support” as he rejected Tehran’s counter proposal for a peace treaty. With the Strait of Hormuz remaining a volatile flashpoint and energy prices threatening to squeeze corporate margins, the macro environment appears fraught with peril. However,… Continue reading Nasdaq seen hitting 30,000, S&P 500 exceeding 8,000 level
stocktrader
Western Digital rallies 7% amid AI surge in Micron and Sandisk
Western Digital WDC shares surged 7% on Monday as investors increased bets on companies positioned to benefit from the accelerating AI-driven memory and storage boom. The rally in Western Digital comes amid growing optimism around demand for high-capacity data center storage, with investors viewing the company as a key beneficiary of expanding AI infrastructure spending.… Continue reading Western Digital rallies 7% amid AI surge in Micron and Sandisk
Why Tesla stock is up around 2.5% on Monday
Tesla (TSLA) stock climbed around 2.5% on Monday, extending last week’s strong rally as investors continued piling into the electric vehicle maker ahead of several potential catalysts tied to artificial intelligence and autonomous driving. The stock has already gained nearly 10% over the past week. The latest move came as Piper Sandler reiterated its Overweight… Continue reading Why Tesla stock is up around 2.5% on Monday
Q1 beat, $40M contract are old news – why is MRAM stock soaring today then?
Everspin Technologies Inc (MRAM) has been in a sharp uptrend since late April, when it posted a massive Q1 earnings beat and announced a $40 million agreement with a US prime contractor. Yet, the company’s share price ripped higher – as much as 50% – on Monday morning. For novice investors, the price action may… Continue reading Q1 beat, $40M contract are old news – why is MRAM stock soaring today then?
Apple deal fails to lift BofA’s view on Intel stock
Investors continue to cheer Intel Corp (NASDAQ: INTC) following reports of its preliminary chip manufacturing agreement with Apple Inc (NASDAQ: AAPL). This marks a seismic shift for Intel Foundry – suggesting the semiconductor giant is about to sign on a high-volume, high-profile mobile customer it has chased for years. However, Bank of America analysts led… Continue reading Apple deal fails to lift BofA’s view on Intel stock
Why Nvidia stock is beating the broader market today
Nvidia (NVDA) stock rose in early trading Monday as investors positioned ahead of the chipmaker’s upcoming earnings report, with shares approaching a fresh record close. Shares were up 2.07% at $219.76 in early trading after ending Friday at $215.20, just below the stock’s previous record close of $216.61 reached on April 27. The sharp move… Continue reading Why Nvidia stock is beating the broader market today
Moderna stock soars as hantavirus fears spark outbreak trade
Moderna shares surged on Monday as investors rushed into vaccine and biotech stocks following reports of a hantavirus outbreak linked to a cruise ship, despite health authorities maintaining that the overall public health risk remains low. The stock rose 9.43% to $59.48, its intraday high after a US national tested mildly positive for the Andes… Continue reading Moderna stock soars as hantavirus fears spark outbreak trade
Micron stock is extremely cheap despite the ongoing bull run: is it a buy?
Micron stock price continued firing in all cylinders today, May 11, as demand for its products soared. MU jumped by over 6% to $790, continuing an uptrend that started in April last year when it bottomed at $64. Still, despite the surge, there are signs that the company is still a bargain. Micron stock is… Continue reading Micron stock is extremely cheap despite the ongoing bull run: is it a buy?
Circle stock forecast: Revenue growth picks up pace as Arc raises $222M
Circle Internet stock jumped by over 4% in the premarket session after publishing an encouraging first-quarter earnings report, which demonstrated strong revenue growth. CRCL jumped to the important resistance level at $120, up sharply from the year-to-date low of $50. Circle stock jumps as revenue growth continued CRCL stock price has been in a tight… Continue reading Circle stock forecast: Revenue growth picks up pace as Arc raises $222M