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
Burlington Stores Stock Still Has Room to Run Despite 25% Rally
Burlington Stores has been a top performer in retail, and analysts believe its strong run could continue. The stock is up about 25% since late last year, beating the S&P 500 and most retail ETFs. For investors worried the rally is overdone, the numbers tell a different story. Here’s what’s fueling the momentum and what […]
SpaceX Stock Jumps 20% as Musk and Shotwell Ring Nasdaq Opening Bell.
SpaceX shares jumped 20% on Friday as the company started trading in the largest IPO ever. Elon Musk rang the opening bell from Texas, while SpaceX president and COO Gwynne Shotwell did the same at the Nasdaq in New York. Below are Musk’s comments on growth plans and details from the company’s prospectus about SpaceX’s […]
Adobe Stock Falls 8% on Freemium AI Strategy Despite Earnings Beat
Adobe beat expectations for its second-quarter earnings and raised its full-year outlook, but the stock still dropped. Shares fell 8% on Friday morning as analysts paid more attention to Adobe’s new freemium AI strategy and the exit of its chief financial officer than to the strong results. Here’s a look at Adobe’s numbers, why analysts […]
Rocket Lab Stock Jumps 7.6% as It Joins the Nasdaq 100
Rocket Lab is set to join the Nasdaq 100, and excitement around the SpaceX IPO is adding to the momentum. Shares rose 7.6% in premarket trading on Friday after Nasdaq said the rocket-launch company would be added to the index before markets open on June 22 as part of the quarterly rebalancing. Here’s a look […]
Nvidia Stock Could Benefit Long-Term from Successful SpaceX IPO
NVIDIA shares rose 0.5% in premarket trading on Friday, but the stock is still down 9.1% over the past month as worries about stronger competition in AI chips continue. The upcoming SpaceX IPO could be a positive development. If the IPO does well, it may support one of Nvidia’s biggest long-term growth stories. Here’s how […]
Zillow Stock Falls 4.9% as Google Expands Home Listings to All 50 States
Google is moving into the real estate search market, and housing stocks are reacting. Zillow shares fell 4.9% on Thursday, heading for their lowest close since December 2022, after Alphabet said it would add home listings to mobile search results in all 50 states. CoStar shares also dropped 3.6% on the news. Here’s what Google’s […]
Intel Stock Jumps 5.6% After BofA Double-Upgrades to Buy from Sell
Intel’s stock has already tripled this year, and BofA Securities believes the rally will continue. Shares rose 5.6% on Thursday after BofA issued a rare double-upgrade, moving Intel from Underperform to Buy and raising the price target to $135 from $96. BofA’s optimism is based on two main points that Wall Street has not fully […]
OpenAI Price War with Anthropic Could Rattle the Entire Tech Rally
OpenAI might soon start a price war in the AI market, which could have a big impact on technology stocks. Reports say the company is thinking about cutting the price it charges for tokens, the main unit of AI use, to better compete with Anthropic. OpenAI did not respond to a request for comment. Here’s […]
Tesla Stock Rises 0.4% as SpaceX IPO Book Closes and Selling Pressure Eases
Tesla shares rose 0.4% on Thursday morning after the SpaceX IPO order book closed ahead of its expected trading debut on Friday. This may have eased some of the selling pressure that affected Tesla over the past week. Here’s a look at what caused Tesla’s recent losses and whether the stock’s recovery can continue once […]
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