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European shares rise nearly 1% as oil prices fall on US-Iran pause

European shares climbed nearly 1% on Monday as a pause in US-Iran hostilities over the weekend pushed oil prices lower. The move also improved risk appetite across financial markets. Investors were also preparing for a closely watched week of corporate earnings from major US technology companies. The pan-European STOXX 600 index was up 0.8%. The… Continue reading European shares rise nearly 1% as oil prices fall on US-Iran pause

Naver shares surge as Nvidia invests $1B in AI data centre

Shares of South Korea’s Naver Corp rose 8% on Monday after the internet company announced that Nvidia Corporation will acquire $1 billion of newly issued shares. The investment is part of a partnership between the companies to develop an artificial intelligence data center. At the time of writing Naver shares were up 8.43%. They reached… Continue reading Naver shares surge as Nvidia invests $1B in AI data centre

Nvidia stock gets a fresh breakout catalyst from its SK Hynix partnership

Nvidia’s expanded partnership with SK Hynix has given investors a reason to look for a breakout, although the agreement has not yet produced a measurable market reaction. NVDA closed Friday at $206.84, down 0.92%, before details of the SK Group initiative were absorbed. Nvidia already dominates AI accelerators, but its processors cannot be delivered as… Continue reading Nvidia stock gets a fresh breakout catalyst from its SK Hynix partnership

Nikkei 225 Index: Kioxia earnings and other catalysts for Japan stocks this week

The Nikkei 225 Index tilted upwards on Monday, even as top technology stocks declined. It rose by 27 basis points to 64,780, up a bit from this month’s low of 62,646. This article highlights some of the most important catalysts that will drive Japanese stocks this week. Top Nikkei 225 companies will publish their earnings… Continue reading Nikkei 225 Index: Kioxia earnings and other catalysts for Japan stocks this week

Kospi Index recoils ahead of Samsung, SK Hynix earnings: buy the dip?

South Korea’s Kospi Index pulled back modestly on Monday, even as a risk-on sentiment spread in the financial market. It dropped to 6,650, down sharply from the year-to-date high of 9,387 as traders focused on the upcoming Samsung Electronics and SK Hynix earnings. Samsung stock drops despite a $200 billion order Samsung Electronics, the biggest… Continue reading Kospi Index recoils ahead of Samsung, SK Hynix earnings: buy the dip?

CXMT stock soars 472% in debut as chipmaker becomes China’s most valuable

CXMT stock surged nearly 470% at its Shanghai debut on Monday, propelling the Chinese memory-chip maker to the top of mainland China’s stock-market rankings. The historic debut exposed a striking gap between its strategic importance and the valuation investors assigned within minutes. The stock opened at 49.50 yuan, almost six times its 8.66-yuan IPO price.… Continue reading CXMT stock soars 472% in debut as chipmaker becomes China’s most valuable

Here’s why flying car stocks like Joby and Archer Aviation falling

Top flying car stocks such as Joby Aviation and Archer Aviation have tumbled this year, wiping out billions of dollars in market value. Joby Aviation shares have fallen 48% year to date and 60% over the past 12 months, while Archer Aviation has declined 37% and 57%, respectively, despite both companies moving closer to commercial… Continue reading Here’s why flying car stocks like Joby and Archer Aviation falling

Alphabet, Tesla earnings set a nervous tone: all eyes on Meta, Amazon and Microsoft

Artificial intelligence has become the biggest growth story in global technology, but this week’s earnings from Alphabet and Tesla have reminded investors that building the infrastructure behind that boom is becoming increasingly expensive. And, investors are not okay with this. While both companies reported robust revenue growth and highlighted expanding demand for AI-related products and… Continue reading Alphabet, Tesla earnings set a nervous tone: all eyes on Meta, Amazon and Microsoft