Alibaba stock could jump 40%: new AI chip gives bulls fresh momentum

Alibaba’s latest AI chip has given investors another reason to look past near-term profit pressure. The Chinese technology giant unveiled the Zhenwu M890 on May 19, a processor it says delivers three times the performance of its predecessor, with 144GB of GPU memory and faster chip-to-chip communication for heavy AI workloads. Alibaba’s US-listed shares closed… Continue reading Alibaba stock could jump 40%: new AI chip gives bulls fresh momentum

Michael Burry just loaded up on these 5 ‘beaten-down’ stocks

Big Short investor Michael Burry is aggressively reallocating capital toward beaten-down stocks, warning the artificial intelligence (AI) boom increasingly resembles the dot-com era. According to him, a remarkable 87% of venture funding now targets AI, creating what he dubs an “asset bubble – plain and simple”. To hedge against it, Burry is decisively rotating into… Continue reading Michael Burry just loaded up on these 5 ‘beaten-down’ stocks

Samsung stock plunges as 47,000 workers set to strike after talks fail

Samsung stock plunged nearly 4% on Wednesday due to the prospect of the biggest strike in the company’s history, after talks with its South Korean labour union failed to produce a pay deal. Over 47,000 workers are poised to walk out for 18 days from May 21, raising fears of disruption at the world’s largest… Continue reading Samsung stock plunges as 47,000 workers set to strike after talks fail

Dow falls 320 points as rising bond yields pressure stocks

US stocks closed lower on Tuesday, with the S&P 500 and Nasdaq Composite extending their losing streaks to three consecutive sessions as rising Treasury yields and persistent inflation concerns weighed on investor sentiment. The S&P 500 declined 0.67%, while the Nasdaq Composite lost 0.84%. The Dow Jones Industrial Average fell 321.81 points, or 0.65%, as… Continue reading Dow falls 320 points as rising bond yields pressure stocks

Intel snaps its losing streak: what is driving the rebound?

Shares of Intel (INTC) rebounded on Tuesday after a bruising multi-day selloff, as analysts turned increasingly optimistic about the chipmaker’s long-term positioning in artificial intelligence infrastructure and server processors. Intel stock rose more than 2% on Tuesday, snapping a five-session losing streak that had dragged shares down roughly 16% over the previous week. The rebound… Continue reading Intel snaps its losing streak: what is driving the rebound?

Astera Labs stock jumps 16%: is AI inference the next big catalyst?

Shares of Astera Labs (ALAB) surged more than 16% on Tuesday after bullish Wall Street commentary and upbeat management remarks reinforced investor enthusiasm around the company’s positioning in the rapidly evolving artificial intelligence infrastructure market. Astera Labs stock traded as high as $255.96 during the session before changing hands near $251.28 in afternoon trading. The… Continue reading Astera Labs stock jumps 16%: is AI inference the next big catalyst?

Bakkt stock: can it really the sustain insider-driven momentum on Tuesday?

Bakkt Inc (BKKT) is ripping higher this morning as regulatory filings confirmed director Michael Alfred has aggressively loaded on the company’s Class A common shares. Alfred has purchased a whopping 585,000 shares through his investment vehicle – Alpine Fox LP – for more than $4.85 million at a per-share price of $8.27 on average. Despite… Continue reading Bakkt stock: can it really the sustain insider-driven momentum on Tuesday?

Agilysys rallies 15%: why AI fears are fading for the software company

Shares of Agilysys (AGYS) surged 15% on Tuesday after the hospitality software provider delivered quarterly results that topped Wall Street expectations and issued stronger-than-expected full-year guidance. The results have eased investor concerns that artificial intelligence could weaken demand for traditional software companies. Agilysys stock climbed to $80.41, putting the shares on track for their best… Continue reading Agilysys rallies 15%: why AI fears are fading for the software company

Nvidia stock erases early losses ahead of earnings: what to expect

Shares of Nvidia (NVDA) recovered from early losses Tuesday as investors positioned ahead of the chipmaker’s closely watched earnings report later this week. The stock initially fell as much as 2% before trimming losses and trading roughly flat by midday. Wall Street remains broadly optimistic that Nvidia’s earnings could reignite the stock’s rally and reinforce… Continue reading Nvidia stock erases early losses ahead of earnings: what to expect