Global markets opened on Wednesday with investors digesting a mix of technology dealmaking, uneven economic signals, and sharp moves in commodities. Early-stage talks between OpenAI and Amazon pointed to intensifying competition in artificial intelligence, while Asian equities edged higher amid strong IPO activity in China. In the United States, attention shifted to the Federal Reserve
Micron Technology Inc. is set to report its fiscal first-quarter earnings after market close on Wednesday, with investors closely watching whether the memory-chip maker can exceed already-strong expectations and reassure markets about the durability of the artificial intelligence trade. After a year of exceptional stock performance, the company’s outlook will likely play a decisive role
Shares of crypto miner Hut 8 jumped nearly 17% in premarket trading on Wednesday after the company announced a major artificial intelligence infrastructure partnership with Anthropic and cloud compute provider Fluidstack. The deal marks a significant expansion beyond Hut 8’s traditional bitcoin mining roots, positioning the company as a developer and operator of large-scale data
Affirm stock price popped by over 10% on Tuesday as investors cheered the company’s presentation at its event. It jumped to a high of $73.40, up sharply from last month’s low of $60.40. It remains up by 135% from its lowest level this year, with its market capitalization rising to over $25 billion. Affirm reaffirmed
Global markets and policymakers faced a turbulent start to the week as Australia mourned a deadly antisemitic attack at Sydney’s Bondi Beach, and China reported fresh signs of economic slowdown. Nvidia moved to deepen its AI infrastructure with a key acquisition, and Bitcoin slid below $87,000 amid heavy liquidations. The developments underscore rising geopolitical, economic,
The S&P 500 turned negative on Monday as selling in major artificial intelligence names weighed on the broader market. The index edged down roughly 0.3% in midday trading, while the Dow fell about 145 points and the Nasdaq slipped 0.5%. The pullback extends the technology sector’s struggles from last week, when Broadcom’s disappointing guidance and
BigBear.ai shares (NYSE: BBAI stock) tumbled roughly 6% on Monday, extending the broader market’s pullback from artificial intelligence and high-beta technology names. The decline erased near-term gains despite the company’s ambitious Ask Sage acquisition and strong government backlog. The development highlighted how small-cap AI plays remain vulnerable to sector-wide profit-taking and investor concern about equity
The global AI boom looks unstoppable when measured by stock prices. Trillions of dollars in market value rest on the idea that machines are changing work, productivity, and profits. But AI is not just a technology race. It is becoming one of the largest debt-funded infrastructure projects in modern history, and the strain is starting
FactSet stock price has crashed this year, mirroring the performance of other companies in the data services industry like MorningStar. FDS has dropped by 41% from its highest level in November, lowering its market capitalization from a high of $18.86 billion to the current $10.9 billion. Is it safe to buy the dip ahead of
Broadcom stock (NASDAQ: AVGO) slid sharply following the company’s fourth-quarter results and guidance last week. The recent crash erased recent gains and triggered a debate on whether this pullback is a tactical buying window or an early warning sign. The stock tumbled approximately 14% from its early December highs of $400 to the $340 range,