Qualcomm has set out an ambitious growth target for its data centre business, forecasting $15 billion in sales from the segment by 2029 as it accelerates efforts to diversify beyond its core smartphone chip business. The company said that, alongside a broader expansion of its artificial intelligence strategy, it helped lift its shares more than… Continue reading Qualcomm wants $15 billion from data centres as phone-chip era shifts
stocktrader
Gold hits 7-month low: 3 ‘strong buy’ stocks with 100%+ upside potential
Gold has dropped below $4,000 an ounce, but Wall Street is not giving up on every corner of the gold trade. Spot bullion slipped to a seven-month low near $3,981, pressured by a stronger US dollar and rising expectations that the Federal Reserve may keep rates higher for longer. That is usually bad news for… Continue reading Gold hits 7-month low: 3 ‘strong buy’ stocks with 100%+ upside potential
Hang Seng Index forms death cross as Anthropic accuses Alibaba of distilling
The Hang Seng Index continued its strong downward trend this week, reaching its lowest level since June last year. HSI has dropped in the last eight consecutive days and is down by nearly 20% from its highest point this year. The Hang Seng has diverged from other global indices like the Nikkei 225 and Kospi… Continue reading Hang Seng Index forms death cross as Anthropic accuses Alibaba of distilling
Nikkei 225 Index nears crucial price as Kioxia, Tokyo Electron, Softbank stocks surge
The Nikkei 225 Index jumped and neared its all-time high as memory and semiconductor companies like Kioxia, Tokyo Electron, Advantest, and Keyence Corporation soared. It jumped by over 5% to 71,950, a few points below the all-time high of 72,781. Kioxia, Tokyo Electron, Advantest, and Keyence boosts Japan stocks The Nikkei 225 Index has soared… Continue reading Nikkei 225 Index nears crucial price as Kioxia, Tokyo Electron, Softbank stocks surge
Kospi Index, EWY ETF jumps after Micron earnings, but major risks remain
South Korea’s Kospi Index jumped by over 5% on Thursday, and is slowly nearing its all-time high of 9,387. It has soared by 184% in the last 12 months, making it the best-performing global index. Similarly, the iShares MSCI South Korea ETF (EWY) has soared by 171% in the same period and is nearing the… Continue reading Kospi Index, EWY ETF jumps after Micron earnings, but major risks remain
SK Hynix stock jumps 11%: will Nasdaq listing trigger a memory-chip rerating?
SK Hynix shares jumped as much as 11.6% on Thursday, after the South Korean chipmaker laid out plans for one of the biggest equity offerings in market history. The Nvidia supplier plans to raise up to 45.45 trillion won, or about $29.4 billion, through a Nasdaq listing of American depositary receipts. The deal involves up… Continue reading SK Hynix stock jumps 11%: will Nasdaq listing trigger a memory-chip rerating?
Tom Lee calls chip-stock selloff a textbook buying opportunity
Macroeconomic risks, including resurgent fears of a Fed rate hike, and valuation concerns recently sent shockwaves through the tech sector, triggering a steep sell-off that caught investors off guard. The turbulence started in Asia, where South Korea’s benchmark KOSPI index crashed by about 10%, triggering a domino effect that rapidly spread to Wall Street. Along… Continue reading Tom Lee calls chip-stock selloff a textbook buying opportunity
Tesla stock slips as investors eye deliveries data and SpaceX merger buzz
Tesla shares TSLA remained under pressure on Wednesday as investors looked ahead to the electric vehicle maker’s second-quarter delivery report while increasingly focusing on speculation surrounding a potential merger with SpaceX. Tesla stock fell 1.8% to $374.69 after declining 5.8% in the previous session. The shares have dropped nearly 13% in June and are down… Continue reading Tesla stock slips as investors eye deliveries data and SpaceX merger buzz
Hertz stock plunges as weak used-car demand hits earnings outlook
Shares of Hertz Global Holdings plunged on Wednesday after the car-rental company warned that second-quarter earnings are tracking toward the lower end of its guidance range, citing unexpected weakness in the used-car market. The stock sank more than 38% during trading and was on track for its largest-ever single-day percentage decline and its lowest close… Continue reading Hertz stock plunges as weak used-car demand hits earnings outlook