Samsung, SK Hynix power Asia rebound while oil shock rattles bonds

Asian equities found support from the one corner of the market investors are still reluctant to abandon: semiconductors. Chipmakers rebounded on Thursday after several days of heavy selling, helping lift benchmarks in Japan and South Korea. But the rally was not broad enough to erase the bigger macro risk. Oil jumped after renewed US-Iran hostilities,… Continue reading Samsung, SK Hynix power Asia rebound while oil shock rattles bonds

Dow falls over 500 points as Trump-Iran tensions send oil prices higher

The Dow Jones Industrial Average fell sharply on Wednesday as renewed tensions between the United States and Iran rattled financial markets, sending oil prices higher and prompting investors to reassess geopolitical risks. The blue-chip index dropped 577 points, or 1.1%, while the S&P 500 slipped 0.3%. The Nasdaq Composite bucked the broader market weakness, rising… Continue reading Dow falls over 500 points as Trump-Iran tensions send oil prices higher

Evening digest: US Iran tensions lifts oil, Bitcoin dips

Escalating tensions between the United States and Iran dominated global markets on Wednesday after President Donald Trump signaled the possibility of further military action. Oil prices surged as investors assessed the risk of supply disruptions through the Strait of Hormuz. Gold prices fell as higher energy costs fueled inflation concerns and strengthened expectations that the… Continue reading Evening digest: US Iran tensions lifts oil, Bitcoin dips

MasTec stock jumps as $1.65B Superior deal boosts AI data center push

MasTec Inc. (MTZ) shares climbed about 6% on Wednesday after the infrastructure engineering and construction company announced a $1.65 billion acquisition of electrical contractor The Superior Group. The deal expands its presence in the rapidly growing data center infrastructure market. The cash-and-stock transaction, which is expected to close in mid-to-late July, subject to customary approvals,… Continue reading MasTec stock jumps as $1.65B Superior deal boosts AI data center push

FCEL, BE stocks sink, but only one is worth buying on the dip

FuelCell Energy (FCEL) and Bloom Energy (BE) shares are taking a significant hit on Wednesday morning, but they are declining for completely different, company-specific reasons. And while both FCEL and BE have their RSIs in the mid-40s after the sell-off, indicating the stocks are headed toward “oversold” territories, only one of them is worth buying… Continue reading FCEL, BE stocks sink, but only one is worth buying on the dip

Why isn’t Battalion Oil stock soaring as Trump said Iran deal is over

Battalion Oil (BATL) shares are slipping this morning even after President Donald Trump said the ceasefire deal with Iran is over and that the US will “hit them hard tonight.” While Trump’s remarks throw a textbook bullish catalyst at the energy sector, as evidenced by the rising oil prices today, BATL is decoupled from the… Continue reading Why isn’t Battalion Oil stock soaring as Trump said Iran deal is over

Why Tesla stock is down around 2% today

Tesla stock (TSLA) fell on Wednesday as investors continued to look past the electric-vehicle maker’s core automotive business and instead focused on the company’s long-term artificial intelligence ambitions. Shares were down 2.2% at $393.91 in midday trading after falling 4% on Tuesday. The S&P 500 declined 0.8%, while the Dow Jones Industrial Average lost 1.5%.… Continue reading Why Tesla stock is down around 2% today

Penguin Solutions stock jumps 18% as AI demand, Nvidia deal drive analyst upgrades

Penguin Solutions Inc. (PENG) shares surged 18% on Wednesday after the company delivered stronger-than-expected fiscal third-quarter results. It has prompted Wall Street analysts to raise their price targets as demand for artificial intelligence infrastructure and memory products continued to strengthen. The stock has gained nearly 221% so far in 2026, reflecting investor optimism around the… Continue reading Penguin Solutions stock jumps 18% as AI demand, Nvidia deal drive analyst upgrades

Zhipu seeks $4B in Hong Kong share sale after AI stock rally

Chinese artificial intelligence company Knowledge Atlas Technology JSC, better known as Zhipu AI, is seeking to raise around $4 billion through a share placement in Hong Kong. The share sale comes after its stock surged following its market debut earlier this year. The fundraising comes as investor interest in Chinese AI companies remains strong and… Continue reading Zhipu seeks $4B in Hong Kong share sale after AI stock rally