Stock Research

Meta Platforms Inc. is making a significant move into India’s fintech ecosystem with a $900 million investment in startup CRED. The deal gives Meta a roughly 20% stake in the company. According to the announcement, CRED will raise ₹8,550 crore ($900 million) in its Series H round, led by Meta. The round is structured through… Continue reading Meta to acquire 20% stake in CRED through $900M investment

Shares of Fervo Energy FRVO surged on Monday as investors looked past a wider-than-expected quarterly loss and instead focused on the geothermal company’s new artificial intelligence partnership with Nvidia. The Houston-based geothermal startup, backed by Bill Gates, was up about 15% after announcing an agreement with Nvidia and the Pacific Northwest National Laboratory (PNNL) to… Continue reading Fervo Energy stock jumps on Nvidia AI partnership despite wider-than-expected loss

Shares of Chevron Corporation CVX traded lower after the oil major announced a long-term agreement with Microsoft Corporation to supply electricity to a massive artificial intelligence data center in West Texas. Under the agreement, Chevron’s unit, Energy Forge One LLC, will build a 2.67-gigawatt natural gas power plant under Project Kilby, a development expected to… Continue reading Chevron stock slips despite long-term Microsoft AI power agreement

Shares of Reliance Industries Ltd rose on Monday after the conglomerate’s annual general meeting (AGM) unveiled a series of growth initiatives, including the proposed listing of Jio Platforms, artificial intelligence investments, and new energy projects. The stock rose more than 2% during the session, making it one of the top gainers on the Nifty 50.… Continue reading Jio IPO could unlock value and drive next growth phase, analysts say

US stock futures struggled for direction on Monday as investors returned from the Juneteenth break to a market caught between easing oil risks and a more hawkish Federal Reserve. Progress in US-Iran talks helped pull crude prices lower, reducing fears of a fresh inflation shock from the Middle East. But the relief was not enough… Continue reading Dow futures plunge 180 points: 5 things to know before Wall Street opens

A surge in artificial intelligence adoption may be displacing some workers, but its overall effect on aggregate employment and wages in the United States has remained limited so far, according to a study released by the European Central Bank on Monday. The study comes as companies continue to invest heavily in AI tools, fuelling concerns… Continue reading ECB study flags limited impact of AI boom on US jobs and wages

Bank of America has identified a fresh set of technology stocks that it believes are well-positioned heading into the second half of the year, with artificial intelligence and enterprise software trends expected to remain key drivers of performance. The brokerage named chip giant Nvidia, social media company Meta Platforms, cloud software provider Snowflake, observability platform… Continue reading Bank of America names Nvidia, Meta and three others top tech stocks for H2

SK Hynix on Monday overtook Samsung Electronics to become South Korea’s most valuable listed company, in a striking turnaround for a chipmaker that had once come close to collapse under a heavy debt burden. The milestone reflects how the global artificial intelligence boom has reshaped the semiconductor industry and lifted demand for high-bandwidth memory, or… Continue reading AI rally lifts SK Hynix above Samsung in market capitalisation

Asian markets began the week with a rare pocket of calm. Investors who had spent days watching the Strait of Hormuz, oil screens and central-bank signals found enough comfort in fresh US-Iran diplomacy to buy risk again, even if the relief looked fragile. Iranian negotiators said the first round of talks had made progress, while… Continue reading Kospi surges as US-Iran talks cool oil panic across Asian markets