Top companies in the private credit industry have pulled back over the past few days as investors reassessed their outlook on the Federal Reserve. Most have fallen into correction territory, dropping more than 10% from their recent highs. This article examines how the Fed’s next move could affect these stocks. Private credit stocks have pulled
US stocks rose Friday as investors looked to recover from four consecutive sessions of declines, with easing oil prices helping sentiment. The Dow Jones Industrial Average rose 520 points, or 1%, while the S&P 500 gained 0.9% and the Nasdaq Composite advanced 0.8%. The rebound came after the major averages posted four straight daily declines.
Adobe stock (NASDAQ: ADBE) has beaten Wall Street expectations consistently, but investors seem unimpressed. The Photoshop maker reports fiscal third-quarter results after the US market closes on Thursday, with analysts expecting revenue of about $6.69 billion and adjusted earnings of roughly $6.08 a share. Yet, market data indicates that Adobe shares have fallen after 15
Nvidia stock (NASDAQ: NVDA) is sitting less than 5% below its record high, but the next catalyst arrives on September 10. Chief executive Jensen Huang will participate in a fireside chat at Goldman Sachs’ Communacopia + Technology Conference at 8:50 a.m. PT, where investors will listen for signals on AI demand, enterprise adoption and Nvidia’s
Intel stock surged 8% on Tuesday after a report said that the chipmaker is considering a 10% increase in prices for its central processing units (CPUs) starting in early October. The potential price increase was reported by Taiwan-based technology publication DigiTimes, which cited unnamed sources. The move would continue a series of price increases that
Astera Labs stock has remained under pressure in the past few months, moving from the year-to-date high of $498 to the current $300. It has crawled back this month, and this recovery will likely continue in the coming months as demand for its products continues rising. Astera Labs’ business is growing Astera Labs is a
Broadcom is emerging as a major beneficiary of the rapid expansion in artificial intelligence infrastructure, with its AI semiconductor business posting strong growth and the company raising its long-term revenue outlook. The semiconductor and infrastructure software company expects AI revenue to reach $115 billion in fiscal 2027 and $230 billion in fiscal 2028, supported by
Anthropic, the giant company in the artificial intelligence (AI) space, is planning to launch the biggest IPO in the coming weeks. As this happens, more details, including banker selection and prospectus release date are coming out. Goldman Sachs and Morgan Stanley scoop major roles One of the closely-watched move whenever a company as large as
GoPro stock GPRO has surged in recent sessions after the struggling action-camera maker announced a $285 million cash merger with Starman Optical, a privately held photonics company. Earlier, YouTube creator Mark Fischbach, better known as Markiplier, revealed an 8.5% stake in the company, making him the single largest stakeholder in the company. GoPro shares have
Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic’s launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value