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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
SpaceX Stock Falls 5.4% for Third Straight Day as Valuation Skepticism Grows
SpaceX shares are down for the third day in a row. On Monday, the stock dropped 5.4% in premarket trading to $175.05. While this is still higher than the $135 IPO price, it is a big drop from last week’s $225.64 high. A new analyst report with a neutral rating is adding to the pressure. […]
Nvidia Stock Rises 1.1% as Chip Maker Courts European AI Customers
NVIDIA is actively expanding in Europe while questions grow about who can access American AI technology. The company’s shares rose 1.1% in early trading Thursday after it used the VivaTech conference in Paris to showcase its growing AI chip business across Europe. Here’s a look at the European opportunity and why now is an important […]
Oklo Stock Rises 2.7% After Signing Domestic Nuclear Fuel Supply Deal
Oklo may have solved one of its biggest challenges. On Thursday, the nuclear startup said it signed a letter of intent with Centrus Energy for a multi-year supply of domestic high-assay low-enriched uranium, or HALEU, starting in 2029. This fuel will power up to five of Oklo’s Aurora nuclear powerhouses. After the news, Oklo shares […]
Micron Stock Jumps 4.4% Toward New Record as Apple Flags Unsustainable Memory Costs
Micron shares surged 4.4% in premarket trading on Thursday, putting the stock on track to surpass its all-time closing high of $1,087.99 set on Monday, after Apple’s chief executive confirmed that surging memory and storage chip costs have made price increases on iPhones and other products unavoidable. The disclosure is one of the most direct […]
SpaceX Stock Recovers 1% as Analysts Set Targets as High as $401
SpaceX shares are bouncing back after their first down day as a public company. The stock rose 1% in premarket trading on Thursday to $193.75, recovering from a 5% decline on Wednesday and breaking a three-session winning streak that had taken the stock as high as $225.64, up 67% from its $135 IPO price. Two […]
Rumble Stock Jumps 16.5% as Video Platform Completes AI Infrastructure Pivot
Rumble has expanded beyond being just a video platform. Its shares jumped 16.5% in premarket trading on Thursday after the company completed its purchase of Northern Data, a German AI infrastructure firm. Rumble will now rebrand as RUM Group and operate two separate business units. Here’s a look at what this restructuring means and what […]
AST SpaceMobile Stock Rises 5% After SpaceX Deploys Three BlueBird Satellites
AST SpaceMobile shares rose almost 5% on Wednesday after SpaceX successfully launched three of its BlueBird satellites into orbit. This achievement helps make up for the setback from a failed Blue Origin launch in April, which had raised concerns about the company’s schedule. Here’s what this successful launch means for AST SpaceMobile’s commercial plans and […]
Jabil Stock Jumps 4.7% on Earnings Beat and Raised Full-Year Guidance
Jabil is showing that companies can succeed in the AI infrastructure market without making chips. On Wednesday, its shares rose 4.7%, making it one of the top performers in the S&P 500. The company reported strong third-quarter results and raised its full-year outlook, both of which beat analyst expectations. Here’s a look at the numbers […]
Applied Materials Leads S&P 500 as Citi Raises Chip Equipment Targets
Shares of three chip equipment makers jumped on Wednesday after Citi raised their price targets and kept Buy ratings. Applied Materials rose 8%, Lam Research gained 5.4%, and KLA added 2.8% in midday trading. Citi pointed to strong and steady AI spending by large tech companies as the main reason. All three stocks have more […]
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