Stock Research

Virax Biolabs (VRAX) shares exploded higher on Thursday morning after management announced a lucrative cross-border commercial breakthrough. In a press release dated July 9th, the company said its UK subsidiary signed an “exclusive” multi-country commercial supply agreement with Fosun Diagnostics, a key division of Shanghai Fosun Pharmaceutical. Despite the cosmic run today, Virax stock remains… Continue reading Why this biotech stock more than tripled on Thursday

Meta Platforms Inc. (META) shares traded higher on Thursday, reversing early losses as investors assessed the company’s latest artificial intelligence initiatives. This includes plans to begin manufacturing an in-house AI chip and the public preview of its upgraded Muse Spark 1.1 model. The developments show Meta’s efforts to strengthen its AI infrastructure, reduce reliance on… Continue reading Meta stock rises as AI chip plans and Muse Spark 1.1 rollout take focus

Memory chip and storage stocks staged a strong recovery on Thursday, with investors rushing back into the sector after a sharp selloff triggered by Samsung Electronics’ quarterly earnings earlier this week. Micron Technology climbed more than 7%, while SanDisk SNDK gained about 7.5%. Western Digital advanced over 7.2%, and Seagate Technology rose more than 6.5%,… Continue reading Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment

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MARA Holdings (MARA) shares are ripping higher on Thursday after the company announced a major acquisition that meaningfully accelerates its pivot into the AI and data center infrastructure space. Before the market opened on July 9th, MARA said it has agreed to acquire a “1,200-acre” powered land site in Matagorda County from HIF USA. This… Continue reading MARA stock soars on a major AI announcement

PepsiCo beat Wall Street expectations for second-quarter revenue and profit on Thursday, but investors focused on the company’s warning that inflationary pressures continue to weigh on consumer spending in North America, sending its shares slightly lower in premarket trading. The snacks and beverages giant reaffirmed its full-year outlook, as it continues to benefit from resilient… Continue reading PepsiCo beats revenue estimates but warns North America demand remains under pressure

US stocks opened higher on Thursday as gains in semiconductor shares helped offset renewed geopolitical concerns after fresh exchanges of attacks between the United States and Iran threatened to prolong the conflict and keep investors on edge. The Dow Jones Industrial Average fell 28 points, or 0.05%, while the S&P 500 gained 0.11%. Nasdaq Composite… Continue reading Dow Jones slips even as chip stocks offset renewed US-Iran tensions

Micron Technology shares surged 6% in premarket trading on Thursday after the memory-chip maker announced plans to invest up to $3 billion to strengthen the US semiconductor supply chain. The bullish analyst commentary and improving sentiment toward AI-related memory demand further supported the stock. Micron announces $3 billion US supply chain investment Micron Technology said… Continue reading Micron to invest up to $3B in US chip supply chain, stock jumps on AI optimism

The UK’s FTSE 100 declined on Thursday as investors assessed renewed tensions in the Middle East, while pharmaceutical heavyweight AstraZeneca weighed heavily on the benchmark after reporting disappointing results from a late-stage clinical trial. The blue-chip FTSE 100 index fell 0.6% to 10,417.63 points by 10:45 GMT. In contrast, the domestically focused FTSE 250 index… Continue reading UK stocks decline as AstraZeneca tumbles after trial setback