The latest market news & Insights
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
Micron Stock Surged Sixfold, with Analysts Forecasting Another 40% Gain
Micron Technology shares have climbed almost sixfold in the last year. Even so, KeyBanc analysts believe the memory chip stock could rise as earnings season approaches. They highlight strong, still-growing demand. They also note that the stock is still unusually cheap compared to its growth. Micron fell 1.7% to $413.54 in premarket trading on Monday. […]
TSMC Shares Rise on Strong AI Chip Demand
Shares of Taiwan Semiconductor Manufacturing Company rose in premarket trading after the chipmaker reported strong monthly revenue growth, indicating that demand for AI-related semiconductors remains steady despite ongoing tensions in the Middle East. U.S.-listed ADRs (American Depositary Receipts, which represent shares of a foreign company traded in the U.S.) rose about 2.3% to $373.70 before […]
NVIDIA Stock’s Seven-Day Winning Streak Hits a Wall
NVIDIA shares fell 0.6% to $182.88 in premarket trading on Friday. This drop could end the stock’s seven-day winning streak, its longest since November 2023. Investors are stepping back from technology stocks as they wait for the latest consumer price index report. While NVIDIA’s streak stands out, context matters. The S&P 500 also gained for […]
CoreWeave Secures $21 Billion Meta Capacity Agreement
CoreWeave has signed a larger cloud infrastructure deal with Meta Platforms, worth about $21 billion, to provide dedicated AI computing power through December 2032. This new agreement builds on their existing partnership and includes Meta’s decision to use an option for more capacity that was part of their earlier deal. After the announcement, CoreWeave’s stock […]
Alphabet Stock Sees Mixed Institutional Activity as Ownership Hits 40%
Nikulski Financial reduced its Alphabet holdings by 5.5% in the fourth quarter, selling 3,378 shares and leaving 57,788 shares worth about $18.1 million. Alphabet remains the firm’s second-largest holding at 4.3% of assets, signaling continued confidence in the stock despite a slight reduction. Meanwhile, looking at the bigger picture, many asset managers actually increased their […]
Intel Stock Surges 4% as Terafab Deal Rewrites Its Growth Story
Intel shares climbed 3.9% to $52.76, beating the broader market, which fell that day. The company will join the Terafab project, a major semiconductor effort that includes SpaceX, xAI, and Tesla, aiming to produce 1 terawatt of computing power each year. The Terafab deal strengthens Intel’s manufacturing comeback under CEO Lip-Bu Tan, who took over […]
Samsung’s 700% Profit Jump Signals Memory Chip Boom
Samsung Electronics said its first-quarter operating profit jumped more than eight times, with earnings expected to reach about $37.91 billion. This growth comes from strong demand for high-bandwidth memory chips, which has pushed prices and profit margins higher throughout the global semiconductor industry. The company also reported a 68% increase in revenue for the quarter. […]
Globalstar Surges 13% on Amazon Takeover Bid
Globalstar shares jumped 13% premarket on Wednesday after reports that Amazon is negotiating to buy the satellite operator. This would allow Amazon to expand its low-Earth-orbit network, increasing competition with SpaceX in the commercial space connectivity market. A complication is Apple’s 20% stake in Globalstar and its use of the network for iPhone emergency messaging, […]
Lilly Stock Surges 4% While Novo Slides on Oral Weight-Loss Approval
Eli Lilly shares rose 4.1% on Wednesday after the Food and Drug Administration approved Foundayo, its once-daily oral obesity drug. This approval is a big step in the competition for leadership in the fast-growing obesity drug market. Meanwhile, Novo Nordisk’s American depositary receipts fell 0.4% after the news. The difference in stock movement shows the […]
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