AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief… Continue reading AST SpaceMobile stock sinks on double dose of bad news
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Micron, SK Hynix, other memory stocks fall as TSMC outlook sparks chip selloff
Memory chip and storage stocks fell sharply on Thursday as investors extended a broad semiconductor selloff following Taiwan Semiconductor Manufacturing Co.’s quarterly results, despite the world’s largest contract chipmaker posting record earnings. TSMC reported its fifth consecutive quarter of record profit, beating analyst expectations. However, investors focused instead on the company’s higher-than-expected capital spending plans,… Continue reading Micron, SK Hynix, other memory stocks fall as TSMC outlook sparks chip selloff
Dow futures surge 130 points today: 5 things to know before markets opens
US stock futures were mixed on Thursday as investors paused after a two-day advance and weighed whether strong earnings can keep the rally moving while semiconductor shares remain under pressure. Futures tied to the Dow Jones Industrial Average surged 131 points, or 0.08%, reversing an earlier gain. S&P 500 futures edged 0.1% lower, while Nasdaq… Continue reading Dow futures surge 130 points today: 5 things to know before markets opens
Ocado shares fall to multi-year low as retailer partnership talks continue
Ocado shares fell sharply on Thursday. The British technology and online grocery group’s stock hit its lowest level in 13 years. Investors were disappointed after the company failed to show meaningful progress in securing new US retail partners. The market is closely watching Ocado’s efforts to grow its customer base. The company is also trying… Continue reading Ocado shares fall to multi-year low as retailer partnership talks continue
This ‘dividend king’ pays twice the market yield, but is the stock too hot?
One of Wall Street’s most dependable income stocks has quietly become a market outperformer trading close to a record high. Its dividend yield is roughly twice that of the broader market, while its payout has increased every year for more than six decades. The company is Coca-Cola (NYSE: KO). Investors have embraced its defensive demand,… Continue reading This ‘dividend king’ pays twice the market yield, but is the stock too hot?
Rotork jumps 67% as ABB seals record $5.5B takeover amid UK dealmaking boom
Shares of British engineering company Rotork surged 67% on Thursday after Swiss industrial giant ABB agreed to acquire the company for $5.5 billion in the largest acquisition in ABB’s history, extending a wave of foreign takeovers that is reshaping the UK stock market. The recommended cash offer eclipses ABB’s previous biggest acquisitions, including its $4.2… Continue reading Rotork jumps 67% as ABB seals record $5.5B takeover amid UK dealmaking boom
Nvidia stock: this quiet Japan deal could unlock NVDA’s next growth frontier
Nvidia’s latest Japanese collaboration may not change earnings forecasts overnight, but it offers a glimpse of where the chipmaker expects artificial intelligence to travel next. Fujitsu is bringing together FANUC, Yaskawa Electric and Kawasaki Heavy Industries to explore a physical-AI control platform using Nvidia technology, with applications across factories, logistics networks and hospitals. For investors,… Continue reading Nvidia stock: this quiet Japan deal could unlock NVDA’s next growth frontier
Kospi tumbles 6% as Asian markets brace for TSMC’s earnings test
Asian stocks fell on Thursday as a renewed sell-off in chipmakers exposed the risk of sky-high expectations before TSMC’s quarterly results. South Korea bore the brunt, with the Kospi down about 6.4% as SK Hynix lost 11% and Samsung Electronics fell more than 8%. Japan’s Nikkei dropped almost 3%, while Hong Kong bucked the regional… Continue reading Kospi tumbles 6% as Asian markets brace for TSMC’s earnings test
SK Hynix stock tumbles 11% again: when will this boom-bust cycle finally end?
SK Hynix stock fell as much as 11% in Seoul on Thursday, surrendering most of the previous session’s sharp rebound as another sell-off in memory and AI-hardware stocks spread across Asia. The reversal came after the company’s Korean shares surged nearly 13% on Wednesday. Its Nasdaq-listed depositary receipts moved in the opposite direction, falling about… Continue reading SK Hynix stock tumbles 11% again: when will this boom-bust cycle finally end?