Bright Smart stock (HKG: 1428) surged over 82% on Tuesday after Ant Group said it had completed the required mainland Chinese reporting procedures for the acquisition. The announcement removes a major overhang on a deal that investors had been watching for months. The stock later pared some gains and was trading at HK15.38 at press… Continue reading Why Bright Smart stock surged over 82% on Ant Group deal?
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Mike Wilson explains why US stocks may tumble in early April
Investors may need to tighten their seatbelts as the second quarter approaches. Morgan Stanley’s chief US equity strategist, Mike Wilson, says a near-term retreat in US stocks is likely before the market finds its footing again. While the longer-term outlook remains constructive, the coming weeks may test the nerves of even the most seasoned traders,… Continue reading Mike Wilson explains why US stocks may tumble in early April
Asian markets open firm as Japan, Korea lead tech-driven rally
Asian markets opened on a firm note on Tuesday as investors returned to technology and auto names after Nvidia announced new tie-ups and gave an upbeat outlook. Japan and South Korea led the Asian markets rally, even as a fresh rise in oil prices kept geopolitical risk firmly in view. The early move also fit… Continue reading Asian markets open firm as Japan, Korea lead tech-driven rally
Zcash price prediction: here’s why ZEC token is soaring
Zcash price surged by double digits on Tuesday, continuing a recent rally that started on March 7. ZEC token jumped to a high of $275, its highest level since February 18, and up by 40% from its lowest level this month. Zcash price rebounded after forming a double-bottom The daily timeframe chart shows that the… Continue reading Zcash price prediction: here’s why ZEC token is soaring
Nvidia CEO Jensen Huang sees $1T AI chip demand by 2027 at GTC
Nvidia expects purchase orders for its next-generation artificial intelligence chips to reach $1 trillion through 2027, underscoring the massive computing demand created by the rapid expansion of AI technologies. Speaking at Nvidia’s annual GTC developer conference in San Jose, California, CEO Jensen Huang said demand for the company’s upcoming Blackwell and Vera Rubin chip systems… Continue reading Nvidia CEO Jensen Huang sees $1T AI chip demand by 2027 at GTC
S&P 500 jump 1%, Dow Jones gain 388 points as oil falls
US stocks closed higher on Monday as investors returned to equities after several weeks of pressure linked to the escalating Iran conflict, while oil prices declined from recent highs. The Dow Jones Industrial Average gained 387.94 points, or 0.83%, to close at 46,946.41. The S&P 500 rose 1.01% to 6,699.38, marking its strongest one-day gain… Continue reading S&P 500 jump 1%, Dow Jones gain 388 points as oil falls
Europe bulletin: stocks rebounds, Nebius surges on $27B Meta deal
European financial markets saw a mix of developments on Monday as investors navigated easing oil prices, corporate deals, and significant business disruptions across the region. The pan-European STOXX 600 rebounded after early losses as crude prices pulled back, offering relief to markets rattled by the escalating Middle East conflict. Meanwhile, artificial intelligence infrastructure firm Nebius… Continue reading Europe bulletin: stocks rebounds, Nebius surges on $27B Meta deal
DCF model suggests Nebius stock is ‘overvalued’ – but should you sell?
Nebius Group (NASDAQ: NBIS) rallied another 15% this morning as investors cheered the firm’s massive $27 billion infrastructure deal with Meta Platforms (NASDAQ: META). Versus its year-to-date low, NBIS shares are trading up a remarkable 80% at the time of writing. However, while the market is currently in a “buy-at-any-price” frenzy for AI compute providers… Continue reading DCF model suggests Nebius stock is ‘overvalued’ – but should you sell?
FedEx stock price analysis ahead of earnings: buy or sell?
FedEx stock price has retreated in the past few weeks, moving from the year-to-date high of $390 in February to $350. This retreat happened as fuel prices rose and supply chain disruptions rose. So, will the stock rebound or continue falling as it releases its financial results later this week? FedEx to publish its results… Continue reading FedEx stock price analysis ahead of earnings: buy or sell?