POET Technologies Inc (NASDAQ: POET) tanked on Monday morning after Marvell Technology abruptly canceled all outstanding purchase orders, citing an alleged breach of confidentiality. Following the post-announcement crash, POET looks headed to challenge its 20-day MA. A clear break below the $7.83 level is broadly expected to accelerate bearish momentum in the near-term. POET shares… Continue reading POET stock: how a major CFO blunder triggered a crash
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SanDisk soars 7% as AI memory boom drives record highs
Shares of SanDisk Corp have surged to record highs, extending a remarkable rally driven by investor enthusiasm for artificial intelligence-linked memory demand. The stock closed last week near $990 and continued its upward momentum on Monday, rising more than 7% in trading. Over the past 12 months, SanDisk has delivered an extraordinary gain of nearly… Continue reading SanDisk soars 7% as AI memory boom drives record highs
Why Tesla stock is crashing around 3% on Monday
Shares of Tesla fell more than 3% on Monday to $365.12, underperforming a relatively subdued broader market. The move comes as investors continued to digest the company’s recent earnings and reassess its long-term growth narrative. The S&P 500 and the Dow Jones Industrial Average were down 0.1% and 0.2%, respectively. Post-earnings weakness extends Tesla shares… Continue reading Why Tesla stock is crashing around 3% on Monday
Verizon stock: why are investors ignoring Q1 revenue miss
Verizon (NYSE: VZ) is pushing higher on Apr. 27, even though the telecommunications giant came in slightly shy of revenue estimates for its first financial quarter. While the top-line number of $34.4 billion narrowly missed the consensus of roughly $35 billion, the post-earnings momentum helped VZ break above its 20-day moving average (MA) on Monday.… Continue reading Verizon stock: why are investors ignoring Q1 revenue miss
WhiteBIT, FC Barcelona announce agreement to drive global innovation in sport
WhiteBIT, the largest European cryptocurrency exchange by traffic, and FC Barcelona have entered a landmark five-year agreement through 2030, bringing together two global leaders to shape the future of fan engagement, digital finance, and sport. This partnership is a strategic alliance between category leaders, where crypto meets one of the most influential sports institutions in… Continue reading WhiteBIT, FC Barcelona announce agreement to drive global innovation in sport
OpenAI-Microsoft reset may reshape AI cloud competition
OpenAI and Microsoft on Monday unveiled a revamped partnership that loosens long-standing exclusivity terms, giving the artificial intelligence startup greater commercial flexibility while preserving key elements of its collaboration with the software giant. The updated agreement allows OpenAI to distribute its products across multiple cloud providers, marking a notable shift in one of the most… Continue reading OpenAI-Microsoft reset may reshape AI cloud competition
Nvidia stock wobbly after hitting record high, but analysts see more upside
Shares of Nvidia rose in early trading on Monday, extending a breakout rally that has pushed the stock to record highs. However, at the time of writing, shares of the chip maker had given up most of those gains to trade mostly flat. Investors are looking ahead to a key week of earnings from major… Continue reading Nvidia stock wobbly after hitting record high, but analysts see more upside
Dow Jones rises 96 points as Iran tensions keep Wall Street cautious
Wall Street’s main indexes were muted on Monday, as stalled peace talks between the United States and Iran and rising oil prices kept investors cautious ahead of a crucial week for earnings and monetary policy. The S&P 500 slipped about 0.04%, while the Nasdaq Composite declined 0.28%. On the other hand, Dow Jones Industrial Average… Continue reading Dow Jones rises 96 points as Iran tensions keep Wall Street cautious
Big Tech shifts to new energy sources amid AI expansion
Big Tech is entering an intensifying race to secure reliable, long-term energy as the rapid expansion of artificial intelligence drives an unprecedented surge in data centre power demand. This is forcing companies to lock in everything from nuclear and geothermal to experimental sources such as fusion and even space-based solar. Against this backdrop, Meta Platforms… Continue reading Big Tech shifts to new energy sources amid AI expansion
