China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9. Xpeng stock has tumbled to $13.21 in New York, down 53% from its… Continue reading Nio, XPeng, Li Auto, BYD, Polestar: Why are China EV stocks tumbling?
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Western Digital, Seagate, Sandisk stocks are bracing for a major Micron event
Sandisk, Western Digital, and Seagate stocks have been in a strong rally this year and are the top gainers in the S&P 500 and Nasdaq 100 indices. SNDK jumped by 800% this year, while Western Digital, Micron, and Seagate have soared by 320%, 285%, and 280%, respectively. Sandisk, Western Digital, and Seagate face a major… Continue reading Western Digital, Seagate, Sandisk stocks are bracing for a major Micron event
Jio IPO could unlock value and drive next growth phase, analysts say
Shares of Reliance Industries Ltd rose on Monday after the conglomerate’s annual general meeting (AGM) unveiled a series of growth initiatives, including the proposed listing of Jio Platforms, artificial intelligence investments, and new energy projects. The stock rose more than 2% during the session, making it one of the top gainers on the Nifty 50.… Continue reading Jio IPO could unlock value and drive next growth phase, analysts say
Dow futures plunge 180 points: 5 things to know before Wall Street opens
US stock futures struggled for direction on Monday as investors returned from the Juneteenth break to a market caught between easing oil risks and a more hawkish Federal Reserve. Progress in US-Iran talks helped pull crude prices lower, reducing fears of a fresh inflation shock from the Middle East. But the relief was not enough… Continue reading Dow futures plunge 180 points: 5 things to know before Wall Street opens
ECB study flags limited impact of AI boom on US jobs and wages
A surge in artificial intelligence adoption may be displacing some workers, but its overall effect on aggregate employment and wages in the United States has remained limited so far, according to a study released by the European Central Bank on Monday. The study comes as companies continue to invest heavily in AI tools, fuelling concerns… Continue reading ECB study flags limited impact of AI boom on US jobs and wages
FTSE 100 Index outlook: top 3 catalysts for the Footsie this week
The FTSE 100 Index has wavered in the past few weeks and continued to underperform its top global peers like the S&P 500, Kospi, and the Nikkei 225. It has barely moved in the past three months. This article highlights some of the top catalysts for the Footsie this week. FTSE 100 Index to react… Continue reading FTSE 100 Index outlook: top 3 catalysts for the Footsie this week
Bank of America names Nvidia, Meta and three others top tech stocks for H2
Bank of America has identified a fresh set of technology stocks that it believes are well-positioned heading into the second half of the year, with artificial intelligence and enterprise software trends expected to remain key drivers of performance. The brokerage named chip giant Nvidia, social media company Meta Platforms, cloud software provider Snowflake, observability platform… Continue reading Bank of America names Nvidia, Meta and three others top tech stocks for H2
AI rally lifts SK Hynix above Samsung in market capitalisation
SK Hynix on Monday overtook Samsung Electronics to become South Korea’s most valuable listed company, in a striking turnaround for a chipmaker that had once come close to collapse under a heavy debt burden. The milestone reflects how the global artificial intelligence boom has reshaped the semiconductor industry and lifted demand for high-bandwidth memory, or… Continue reading AI rally lifts SK Hynix above Samsung in market capitalisation
Japan’s Kioxia stock is beating Micron, Sandisk, SK Hynix: here’s why
Global investors have focused on the performance of top memory stocks like Micron (MU), Sandisk (SNDK), and SK Hynix this year as they surpass their all-time highs each week. However, Kioxia stock, a top competitor, is beating all of them by a large margin. Kioxia stock is firing on all cylinders Kioxia stock price is… Continue reading Japan’s Kioxia stock is beating Micron, Sandisk, SK Hynix: here’s why