SoftBank stock surges: is OpenAI loan the next big AI catalyst?

SoftBank Group stock rose on Thursday after a report said the Japanese investor had revived talks for a$10 billion loan backed by its OpenAI stake. The development gave markets another reason to bet on Masayoshi Son’s artificial intelligence push. The stock climbed 2.3% to ¥6,137, outperforming a 0.5% rise in the Nikkei 225. Why the… Continue reading SoftBank stock surges: is OpenAI loan the next big AI catalyst?

Here’s why Samsung, SK Hynix, and Kioxia stocks are diving today

Top Asian stocks in the memory industry retreated sharply today, July 2, as profit-taking gained steam. In Japan, Kioxia stock retreated to ¥75,160, down by 33% from its highest point this year. It has jumped by 555% this year.  The same trend happened in South Korea, where SK Hynix gapped downwards, reaching a low of… Continue reading Here’s why Samsung, SK Hynix, and Kioxia stocks are diving today

Dow hits record high before fading as chip selloff weighs on Nasdaq

The Dow Jones Industrial Average touched a fresh intraday record on Wednesday before giving up most of its gains, while the Nasdaq Composite declined as investors took profits in semiconductor stocks following the sector’s blockbuster first-half rally. The Dow briefly climbed to an all-time intraday high of 52,742.66 before pulling back, with weakness in AI-related… Continue reading Dow hits record high before fading as chip selloff weighs on Nasdaq

Robinhood stock jumps on AI crypto tools and global expansion plans

Robinhood HOOD shares surged 8% on Wednesday after the online brokerage unveiled a series of new products and international expansion initiatives aimed at broadening its presence in cryptocurrency trading and global financial services. The announcements, made during a live event in London, included new AI-powered cryptocurrency trading capabilities for US customers, expanded perpetual futures trading… Continue reading Robinhood stock jumps on AI crypto tools and global expansion plans

Why is Microsoft stock gaining 4% today?

Microsoft MSFT shares rose 4% on Wednesday after consumer health company Haleon announced a new five-year agreement to expand its use of Microsoft’s artificial intelligence, cloud, and data technologies across its global operations. The partnership strengthens Microsoft’s position in enterprise AI adoption while the company also faces reports that it is preparing another round of… Continue reading Why is Microsoft stock gaining 4% today?

Hims & Hers stock jumps as Canaccord lifts target price ahead of FDA review

Hims & Hers Health shares (HIMS) surged 9% on Wednesday after Canaccord Genuity raised its price target on the telehealth company, citing improving sales trends, momentum in its weight-loss business, and growing optimism around its peptide opportunity. Canaccord analyst Maria Ripps maintained a Buy rating on the stock while increasing her price target to $40… Continue reading Hims & Hers stock jumps as Canaccord lifts target price ahead of FDA review

Why Paul Pelosi, Jim Cramer prefer Intel stock over AMD

The race for semiconductor supremacy has taken an unexpected turn. High-profile names are now increasingly backing Intel (INTC) over its arch-rival Advanced Micro Devices (AMD). Veteran investor Paul Pelosi – former House Speaker Nancy Pelosi’s spouse – recently revealed a multi-million-dollar position in INTC through long-dated call options. And former hedge fund manager Jim Cramer… Continue reading Why Paul Pelosi, Jim Cramer prefer Intel stock over AMD

Russell 2000 hits fresh high, but here’s why the rally may soon lose steam

Small-cap stocks began the new trading month and quarter on a strong footing, with the Russell 2000 climbing to a fresh all-time high on Wednesday as investors continued rotating beyond the market’s biggest technology companies. The index was up 0.65% on Wednesday, hitting a fresh high of 3046.59. The benchmark small-cap index has delivered a… Continue reading Russell 2000 hits fresh high, but here’s why the rally may soon lose steam

Caterpillar stock falls 4% as Michael Burry shorts stock after AI rally

Michael Burry has taken a bearish position against Caterpillar, arguing that the construction equipment maker has become one of the most overvalued beneficiaries of the artificial intelligence investment boom. Burry disclosed on Tuesday that he shorted Caterpillar shares at $1,060.98 as part of a broader set of bearish positions that also includes Nvidia, Applied Materials,… Continue reading Caterpillar stock falls 4% as Michael Burry shorts stock after AI rally