Market News

Here’s why the SMCI stock price is nearing a golden cross

The Super Micro Computer (NASDAQ: SMCI) stock price extended its rally on Friday as the artificial intelligence supercycle gained momentum. It jumped to $48, its highest point since November 25, up by 145% from its lowest point this year. This rally may continue soon as the Supermicro stock nears a golden cross pattern.  SMCI stock… Continue reading Here’s why the SMCI stock price is nearing a golden cross

SoFi stock warning: stablecoin faces major scaling headwinds

SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April 28, up by 22% from its lowest point this year, as investors welcomed the new stablecoin. SoFi Technology stock technicals point to more gains The… Continue reading SoFi stock warning: stablecoin faces major scaling headwinds

Here’s why Alibaba, Tencent, Xiaomi stocks are falling amid the AI boom

The biggest Chinese technology companies are underperforming the market despite the ongoing artificial intelligence boom. Xiaomi stock has plunged by 30% this year, while Tencent and Alibaba have dropped by 27% and 13%, respectively.  They have suffered steeper declines from their highest points last year. Xiaomi, which is widely seen as China’s answer to Apple,… Continue reading Here’s why Alibaba, Tencent, Xiaomi stocks are falling amid the AI boom

Here’s why the XRP price is in a deep dive today (May 28)

XRP price crashed below a crucial support level today, May 28, as liquidations in the crypto industry. It also plunged amid the ongoing US-Iran tensions, and as investors rotated to the fast-growing space and artificial intelligence industries. Ripple dropped to $1.2723, its lowest level since February. XRP price crashes as ETF inflows stall Ripple’s price… Continue reading Here’s why the XRP price is in a deep dive today (May 28)

Here’s why the crypto market is crashing today (May 28)

The crypto market is crashing today, with Bitcoin and top coins being in the red. Bitcoin price dropped below the crucial support level of $73,000, while Ethereum plunged below $2,000. Other top laggards in the crypto industry were tokens like Humanity, Render, Ondo, Virtuals Protocol, Worldcoin, and Celestia. Crypto market crash triggered by US-Iran tensions… Continue reading Here’s why the crypto market is crashing today (May 28)

Crude oil price on edge as the US launches another attack against Iranian targets

Crude oil price rose slightly as concerns about the US-Iranian truce rose following the latest strikes against Iranian targets. Brent, the global benchmark, was trading at $93.85, while the West Texas Intermediate (WTI) rose to $90 a barrel.  US hits Iranian targets again Brent and the West Texas Intermediate rose slightly after the US Central… Continue reading Crude oil price on edge as the US launches another attack against Iranian targets

Here’s why Tilray Brands stock has crashed: will it rebound soon?

Tilray Brands (NASDAQ: TLRY) stock price has plummeted this year, and is now hovering at its lowest level since July last year. It has plunged by 76% from its highest point last year, meaning that a $10,000 investment at its peak would be about $2,100 today.  Tilray Brands is facing major headwinds as core business… Continue reading Here’s why Tilray Brands stock has crashed: will it rebound soon?

Virgin Galactic stock is soaring ahead of the SpaceX IPO: what next?

Virgin Galactic (NYSE: SPCE) stock price has gone parabolic this month, reaching its highest point since December last year. SPCE shares have jumped by 65% from their lowest level this year. So, will the stock continue rising as short interest jumps? Virgin Galactic has soared ahead of the SpaceX IPO The SPCE stock price has… Continue reading Virgin Galactic stock is soaring ahead of the SpaceX IPO: what next?