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
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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
Alibaba stock: Cathie Wood isn’t buying the AI hype
Alibaba (BABA) stock is printing its strongest single-day performance in about ten months on July 8th following a sneak peek into its fiscal Q1 results. Investors are loading up on the Chinese tech behemoth after the leaked earnings preview signalled a return to top-line growth in its core e-commerce segment. Additionally, BABA is proving… Continue reading Alibaba stock: Cathie Wood isn’t buying the AI hype
SpaceX stock is back to its opening price of $150: is it a buy now?
SpaceX shares SPCX are hovering near their opening price now, erasing all of the gains made after the company’s blockbuster stock market debut. The stock fell as investors look past the boost from its inclusion in the Nasdaq-100 and instead focus on lofty valuations, broader market weakness, and concerns over elevated expectations. The stock touched… Continue reading SpaceX stock is back to its opening price of $150: is it a buy now?
Dow falls 500 points as Trump’s Iran remarks send oil prices higher
US stocks opened lower on Wednesday after President Donald Trump said an interim agreement aimed at ending the conflict with Iran was “over,” triggering a broad risk-off move across global markets as oil prices surged and investors reassessed geopolitical risks. The Dow Jones Industrial Average fell about 509 points, or 0.96%, while the S&P 500… Continue reading Dow falls 500 points as Trump’s Iran remarks send oil prices higher
From startups to Big Tech, Nvidia’s rivals are multiplying: can it be dethroned?
The race to challenge Nvidia’s dominance in artificial intelligence chips is entering a new chapter, with startups attracting billions of dollars in funding, Big Tech accelerating in-house chip development, and investors betting that the next phase of AI computing may not belong exclusively to graphics processing units. While Nvidia continues to dominate the market for… Continue reading From startups to Big Tech, Nvidia’s rivals are multiplying: can it be dethroned?
This memory stock may be a better pick than Micron or SanDisk
The ongoing artificial intelligence (AI) infrastructure boom has sparked an unprecedented memory supercycle, lifting chipmakers to historic heights. While Micron and SanDisk have captured massive headlines in recent months with exceptional triple- and quadruple-digit returns, a more dominant powerhouse may actually be a better pick to play the memory market upside. South Korean semiconductor giant… Continue reading This memory stock may be a better pick than Micron or SanDisk
OpenAI expands AI lineup with GPT-5.6 after delayed public launch
OpenAI will publicly launch its most capable artificial intelligence model, GPT-5.6, on Thursday after delaying the release last month at the request of the US government, as concerns grow over the potential misuse of advanced AI systems for national security purposes. The delay came amid heightened scrutiny of frontier AI models by US authorities, who… Continue reading OpenAI expands AI lineup with GPT-5.6 after delayed public launch
Dow futures crash over 500 points: 5 things to know before Wall Street opens
Wall Street’s rally is facing a fresh Middle East test before the opening bell. US stock futures slid on Wednesday after President Donald Trump said the Iran peace memorandum was “over”, sending oil prices higher and putting renewed pressure on technology shares. Nasdaq 100 futures touched a four-week low as investors moved away from risk,… Continue reading Dow futures crash over 500 points: 5 things to know before Wall Street opens
