Why Nvidia stock is sinking around 4% on Monday

Nvidia (NVDA) shares fell around 3% early Monday as investors assessed a series of artificial intelligence infrastructure deals involving OpenAI and SK Hynix. The stock traded around $198.86 after declining 0.9% in the previous session. Other semiconductor stocks also traded lower, with AMD down about 4% and Intel falling roughly 2%. Investors digest massive AI… Continue reading Why Nvidia stock is sinking around 4% on Monday

Rivian stock gains after Piper Sandler upgrade ahead of Q2 earnings

Rivian Automotive RIVN stock moved 4% higher on Monday after Piper Sandler upgraded the electric vehicle maker ahead of its second-quarter earnings report, citing improving demand, a smoother-than-expected R2 launch and a stronger balance sheet. Piper Sandler analyst Alexander Potter upgraded Rivian to Overweight from Neutral and raised his price target to $20 from $18,… Continue reading Rivian stock gains after Piper Sandler upgrade ahead of Q2 earnings

GOOG stock rebounds as Wall Street continues to back AI strategy despite PT cuts

Alphabet GOOGL shares rebounded on Monday after suffering a sharp selloff following last week’s quarterly earnings, with several Wall Street brokerages maintaining bullish recommendations even as they trimmed price targets in response to the company’s aggressive artificial intelligence investment plans. Shares of the Google parent rose nearly 3% at the market open, signalling that investors… Continue reading GOOG stock rebounds as Wall Street continues to back AI strategy despite PT cuts

Dow jumps 600 points as US-Iran pause lifts stocks ahead of Fed decision

US stocks opened higher on Monday as easing tensions between the United States and Iran boosted investor sentiment, while a sharp decline in oil prices lifted travel-related stocks ahead of a crucial week featuring major technology earnings, key inflation data and the Federal Reserve’s interest rate decision. The Dow Jones Industrial Average climbed about 602… Continue reading Dow jumps 600 points as US-Iran pause lifts stocks ahead of Fed decision

Dow futures surge 550 points: 5 things to know before Wall Street opens

Wall Street was set for a sharp rebound on Monday as a temporary pause in US-Iran attacks pulled oil prices lower and revived demand for technology, travel and other rate-sensitive shares. Dow futures jumped 550 points, or 1.05%, while S&P 500 futures rose 0.94% and Nasdaq 100 contracts climbed 1.58%. The relief rally remains fragile,… Continue reading Dow futures surge 550 points: 5 things to know before Wall Street opens

FTSE 100 gains as lower oil prices lift global risk sentiment

London’s FTSE 100 gained on Monday as a pause in US-Iran hostilities over the weekend sent oil prices lower and improved risk sentiment across global markets. However, a sharp decline in energy stocks limited the broader advance. The blue-chip FTSE 100 index rose 0.4% to 10,781 points by 0922 GMT. The mid-cap FTSE 250 also… Continue reading FTSE 100 gains as lower oil prices lift global risk sentiment

Robert Kiyosaki sees a brutal depression ahead: 3 stocks that may protect portfolios

Robert Kiyosaki’s warning that the world faces what he called the “greatest depression in world history” does not seem to be a Wall Street consensus forecast. Yet, the Rich Dad Poor Dad author and a long-time advocate of hard assets, has repeatedly warned that a deep economic downturn could erode wealth and destabilise financial markets.… Continue reading Robert Kiyosaki sees a brutal depression ahead: 3 stocks that may protect portfolios

Micron stock faces a hidden threat after CXMT’s blockbuster market debut

Micron faces a longer-term competitive challenge after CXMT’s Shanghai debut gave the Chinese memory-chip maker access to billions that could fund a rapid expansion in conventional DRAM. MU closed at $920.95 on Friday, down 6.9%, before CXMT started trading on Monday. CXMT opened 470% higher at 49.50 yuan, against an IPO price of 8.66 yuan,… Continue reading Micron stock faces a hidden threat after CXMT’s blockbuster market debut

European shares rise nearly 1% as oil prices fall on US-Iran pause

European shares climbed nearly 1% on Monday as a pause in US-Iran hostilities over the weekend pushed oil prices lower. The move also improved risk appetite across financial markets. Investors were also preparing for a closely watched week of corporate earnings from major US technology companies. The pan-European STOXX 600 index was up 0.8%. The… Continue reading European shares rise nearly 1% as oil prices fall on US-Iran pause