Western Digital rallies 7% amid AI surge in Micron and Sandisk

Western Digital WDC shares surged 7% on Monday as investors increased bets on companies positioned to benefit from the accelerating AI-driven memory and storage boom. The rally in Western Digital comes amid growing optimism around demand for high-capacity data center storage, with investors viewing the company as a key beneficiary of expanding AI infrastructure spending.… Continue reading Western Digital rallies 7% amid AI surge in Micron and Sandisk

Why Tesla stock is up around 2.5% on Monday

Tesla (TSLA) stock climbed around 2.5% on Monday, extending last week’s strong rally as investors continued piling into the electric vehicle maker ahead of several potential catalysts tied to artificial intelligence and autonomous driving. The stock has already gained nearly 10% over the past week. The latest move came as Piper Sandler reiterated its Overweight… Continue reading Why Tesla stock is up around 2.5% on Monday

Q1 beat, $40M contract are old news – why is MRAM stock soaring today then?

Everspin Technologies Inc (MRAM) has been in a sharp uptrend since late April, when it posted a massive Q1 earnings beat and announced a $40 million agreement with a US prime contractor. Yet, the company’s share price ripped higher – as much as 50% – on Monday morning. For novice investors, the price action may… Continue reading Q1 beat, $40M contract are old news – why is MRAM stock soaring today then?

Apple deal fails to lift BofA’s view on Intel stock

Investors continue to cheer Intel Corp (NASDAQ: INTC) following reports of its preliminary chip manufacturing agreement with Apple Inc (NASDAQ: AAPL). This marks a seismic shift for Intel Foundry – suggesting the semiconductor giant is about to sign on a high-volume, high-profile mobile customer it has chased for years. However, Bank of America analysts led… Continue reading Apple deal fails to lift BofA’s view on Intel stock

Why Nvidia stock is beating the broader market today

Nvidia (NVDA) stock rose in early trading Monday as investors positioned ahead of the chipmaker’s upcoming earnings report, with shares approaching a fresh record close. Shares were up 2.07% at $219.76 in early trading after ending Friday at $215.20, just below the stock’s previous record close of $216.61 reached on April 27. The sharp move… Continue reading Why Nvidia stock is beating the broader market today

Moderna stock soars as hantavirus fears spark outbreak trade

Moderna shares surged on Monday as investors rushed into vaccine and biotech stocks following reports of a hantavirus outbreak linked to a cruise ship, despite health authorities maintaining that the overall public health risk remains low. The stock rose 9.43% to $59.48, its intraday high after a US national tested mildly positive for the Andes… Continue reading Moderna stock soars as hantavirus fears spark outbreak trade

Strategy (MSTR) adds $43M in Bitcoin as Saylor revives aggressive buying

Strategy, the bitcoin-focused company (previously known as Microstrategy), has expanded its cryptocurrency holdings once again, purchasing an additional 535 BTC for approximately $43 million between May 4 and May 10, according to a filing with the Securities and Exchange Commission. The company paid an average price of $80,340 per bitcoin in the latest acquisition round,… Continue reading Strategy (MSTR) adds $43M in Bitcoin as Saylor revives aggressive buying

Alphabet plans first Yen bond sale to help fund AI expansion

Alphabet (GOOGL) plans to issue Japanese yen-denominated bonds for the first time as the technology giant seeks additional funding for its rapidly expanding artificial intelligence infrastructure ambitions. According to a filing on Monday, the Google parent company intends to launch the bond offering in Japan, although it did not disclose the size of the issuance.… Continue reading Alphabet plans first Yen bond sale to help fund AI expansion

Bitget IPO Prime taps into $4T AI opportunity with OpenAI

Bitget has added OpenAI (preOPAI) as the second listing on its IPO Prime platform, extending pre-IPO access to one of the most closely watched companies in artificial intelligence. Issued on Solana by regulated partner Republic, preOPAI is designed to track the economic performance of OpenAI following a future public listing. The offering introduces a low… Continue reading Bitget IPO Prime taps into $4T AI opportunity with OpenAI