Nvidia (NVDA) shares edged lower on Thursday, extending a recent pullback. The stock started the day in the green and even went on to reclaim the $200 mark, but fell shortly after. Shares of Nvidia fell about 1% in early trading after finishing Wednesday below the $200 level, a level it has struggled to hold… Continue reading Nvidia stock continues decline: what’s hurting the AI darling?
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Super Micro stock falls even after letter addresses Taiwan probe concerns
Super Micro Computer Inc. (SMCI) sought to reassure customers and partners after four employees at its Taiwan unit were questioned as part of an investigation into the alleged illegal export of advanced AI servers containing Nvidia chips. The AI server maker issued an open letter on Wednesday stating that it is not a target of… Continue reading Super Micro stock falls even after letter addresses Taiwan probe concerns
Why Tesla stock is tanking 3% even after crushing delivery estimates
Tesla (TSLA) reported second-quarter vehicle deliveries that comfortably exceeded Wall Street expectations on Thursday, signaling a significant rebound in demand as the electric-vehicle maker navigates an increasingly competitive global market. The company delivered 480,126 vehicles worldwide during the second quarter, according to a statement released Thursday. The result came in well above analyst expectations. FactSet… Continue reading Why Tesla stock is tanking 3% even after crushing delivery estimates
Dow rises as weak US jobs data eases Fed rate hike expectations
US stocks moved higher on Thursday after a weaker-than-expected June employment report tempered expectations for further Federal Reserve interest rate hikes, while investors continued to assess the outlook for inflation and economic growth. The Dow Jones Industrial Average gained 256 points, or 0.49%. The S&P 500 rose 0.39%, while Nasdaq Composite added 0.24%. The closely… Continue reading Dow rises as weak US jobs data eases Fed rate hike expectations
AeroVironment stock rises on $500M army contract, strong results boost outlook
AeroVironment Inc. (AVAV) shares rose 4% in premarket trading on Thursday after the US Department of War awarded the defense contractor a $500 million contract for counter-unmanned aerial systems. The Simi Valley, California-based company received a firm-fixed-price contract to procure commercial counter-unmanned aerial systems and counter small-unmanned aerial systems capabilities. According to the Department of… Continue reading AeroVironment stock rises on $500M army contract, strong results boost outlook
Palantir stock gains: here’s why analysts want you to buy the stock right now
Palantir Technologies PLTR shares extended their recent rally on Thursday after DA Davidson upgraded the software company to Buy, arguing that its role as an artificial intelligence orchestration platform is becoming increasingly valuable as enterprises seek flexibility in deploying AI models. The stock rose more than 4% in premarket trading, building on an 8% gain… Continue reading Palantir stock gains: here’s why analysts want you to buy the stock right now
This $700 stock ‘lost’ 75% overnight, but here’s why Wall Street isn’t panicking
CrowdStrike stock (NASDAQ: CRWD) looked like it had fallen off a cliff on Thursday, with the stock moving from roughly $773 at Wednesday’s close to about $193 on split-adjusted screens. The scary-looking drop was not a selloff, but a company’s scheduled 4-for-1 stock split taking effect. Investors who held one share now hold four, each… Continue reading This $700 stock ‘lost’ 75% overnight, but here’s why Wall Street isn’t panicking
OpenAI discusses giving US govt 5% stake as Washington tightens oversight: report
OpenAI has discussed giving the US government a 5% equity stake in the company as policymakers seek greater oversight of the rapidly expanding sector and explore ways for Americans to benefit financially from the AI boom, according to a Financial Times report. The proposal, which remains in the conceptual stage, would also encourage other major… Continue reading OpenAI discusses giving US govt 5% stake as Washington tightens oversight: report
AI trade is turning increasingly volatile: experts suggest ways to manage the risk
Artificial intelligence has remained one of the strongest investment themes in global markets this year, but recent swings in technology stocks have prompted strategists to caution investors against becoming overly concentrated in the trade. Last week marked one of the sharpest bouts of volatility for AI-linked stocks in months, as investors questioned the sustainability of… Continue reading AI trade is turning increasingly volatile: experts suggest ways to manage the risk