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IBM Shares Fall as CEO Doubles Down on Quantum While Market Stays Skeptical
At New York Tech Week on Tuesday, IBM’s CEO made his strongest argument so far that quantum computing is real, ready for business, and closer than most people think. Even as Arvind Krishna called quantum the next step after CPUs and GPUs and promised a $10 billion investment over five years, IBM shares dropped along […]
Market Insights
HPE Stock Skyrockets 30% on Biggest Earnings Beat Since 2018
Hewlett-Packard Enterprise just posted its strongest quarterly results in almost eight years. On Monday, shares jumped 30% after the company reported second-quarter numbers that beat analyst expectations in every major area and raised its full-year earnings outlook by a dollar. Here’s what fueled the strong results and why HPE’s AI server business is growing faster […]
Marvell Stock Surges 24% After Nvidia CEO Calls It the Next $1 Trillion Company
Jensen Huang just handed Marvell its biggest single-day catalyst in years. Marvell shares surged 24% in premarket trading on Tuesday after Nvidia’s chief executive publicly declared at the Computex conference in Taiwan that the chips and networking company is on a path to a market value of more than $1 trillion, implying a fivefold increase […]
Anthropic Files Confidentially for IPO in Race to Beat OpenAI to Market
Anthropic confirmed Monday it has confidentially submitted draft paperwork for a public listing, joining rivals OpenAI and SpaceX in a sprint toward public market debuts expected as early as this fall. The number of shares and the offering price have not yet been set. Here is what the filing signals about the AI IPO race […]
Dell Shares Rise 1.5% as New XPS 13 Takes Aim at Apple MacBook Neo
Dell is building on its strong earnings by going head-to-head with Apple. On Monday, Dell shares rose 1.5% in premarket trading, following a 33% jump on Friday after a strong earnings report. The company just introduced the XPS 13 laptop, priced at $699, or $599 for students, matching Apple’s MacBook Neo. This move highlights Dell’s […]
NVIDIA RTX Spark Sends Intel and AMD Shares Falling Sharply
NVIDIA is challenging Intel and AMD in the PC market. On Monday, shares of both companies dropped after NVIDIA introduced the RTX Spark, a new AI chip for personal computers that aims at the market long led by Intel and AMD. NVIDIA’s shares went up 2.3% in premarket trading, while Intel fell 6% and AMD […]
FedEx Freight Spinoff Starts Trading Monday
FedEx Freight, a major logistics player, will begin trading under its own ticker, FDXF, starting Monday, June 1, marking a long-anticipated spinoff. This move lets investors directly access one of the largest less-than-truckload freight companies in the U.S. Here’s what the new stock is worth, how it compares to its peers, and the factors that […]
SoFi Stock Surges 7.9% to Cap Best Week of the Year on Pure Momentum
SoFi shares have made a comeback, though the reason is unclear. The stock rose 7.9% on Friday with no obvious cause, finishing a four-day streak that pushed the fintech platform up 17% for the week. This was SoFi’s second-best week of the year. Here’s a look at what happened and what this momentum could mean […]
Dell Stock Soars 32% on Record AI Server Revenue and Massive Earnings Beat
Dell just posted its strongest earnings report ever. On Friday, shares soared 32%, marking the biggest one-day gain in the company’s history and the top performance in the S&P 500 that day. The computer and server maker’s first-quarter results beat analyst expectations across the board. Here’s what fueled the surge and why some analysts now […]
Dell Stock Rises 4.6% on $9.7B Pentagon Deal Ahead of Earnings
Dell is entering its earnings report in a strong position. On Thursday, shares rose 4.6% and were set to close at a record high after the Department of War announced a five-year, $9.69 billion contract with the company. This deal adds a significant government revenue stream to Dell’s already strong AI server business. Here’s what […]
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