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Samsung stock plunged nearly 4% on Wednesday due to the prospect of the biggest strike in the company’s history, after talks with its South Korean labour union failed to produce a pay deal. Over 47,000 workers are poised to walk out for 18 days from May 21, raising fears of disruption at the world’s largest… Continue reading Samsung stock plunges as 47,000 workers set to strike after talks fail

US stocks closed lower on Tuesday, with the S&P 500 and Nasdaq Composite extending their losing streaks to three consecutive sessions as rising Treasury yields and persistent inflation concerns weighed on investor sentiment. The S&P 500 declined 0.67%, while the Nasdaq Composite lost 0.84%. The Dow Jones Industrial Average fell 321.81 points, or 0.65%, as… Continue reading Dow falls 320 points as rising bond yields pressure stocks

Shares of Intel (INTC) rebounded on Tuesday after a bruising multi-day selloff, as analysts turned increasingly optimistic about the chipmaker’s long-term positioning in artificial intelligence infrastructure and server processors. Intel stock rose more than 2% on Tuesday, snapping a five-session losing streak that had dragged shares down roughly 16% over the previous week. The rebound… Continue reading Intel snaps its losing streak: what is driving the rebound?

Shares of Astera Labs (ALAB) surged more than 16% on Tuesday after bullish Wall Street commentary and upbeat management remarks reinforced investor enthusiasm around the company’s positioning in the rapidly evolving artificial intelligence infrastructure market. Astera Labs stock traded as high as $255.96 during the session before changing hands near $251.28 in afternoon trading. The… Continue reading Astera Labs stock jumps 16%: is AI inference the next big catalyst?

Bakkt Inc (BKKT) is ripping higher this morning as regulatory filings confirmed director Michael Alfred has aggressively loaded on the company’s Class A common shares. Alfred has purchased a whopping 585,000 shares through his investment vehicle – Alpine Fox LP – for more than $4.85 million at a per-share price of $8.27 on average. Despite… Continue reading Bakkt stock: can it really the sustain insider-driven momentum on Tuesday?

Shares of Agilysys (AGYS) surged 15% on Tuesday after the hospitality software provider delivered quarterly results that topped Wall Street expectations and issued stronger-than-expected full-year guidance. The results have eased investor concerns that artificial intelligence could weaken demand for traditional software companies. Agilysys stock climbed to $80.41, putting the shares on track for their best… Continue reading Agilysys rallies 15%: why AI fears are fading for the software company

Shares of Nvidia (NVDA) recovered from early losses Tuesday as investors positioned ahead of the chipmaker’s closely watched earnings report later this week. The stock initially fell as much as 2% before trimming losses and trading roughly flat by midday. Wall Street remains broadly optimistic that Nvidia’s earnings could reignite the stock’s rally and reinforce… Continue reading Nvidia stock erases early losses ahead of earnings: what to expect

Shares of Oklo (OKLO) fell sharply on Tuesday after Wolfe Research initiated coverage on the advanced nuclear reactor company with a cautious “Peer Perform” (hold) rating, raising fresh concerns about valuation, execution risks, and the company’s long path toward commercialization. Oklo stock dropped more than 6% in morning trading after Wolfe analyst Steve Fleishman outlined… Continue reading Oklo plunges 6%: why this analyst is cautious on the stock