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Business

Fears and frenzy mount as SpaceX, OpenAI and Anthropic prepare for a $4T AI IPO wave

Silicon Valley is heading toward what could become one of the most consequential listing waves in modern market history, with artificial intelligence heavyweights SpaceX, OpenAI, and Anthropic preparing to enter public markets at valuations that could redraw the hierarchy of global corporations. After several subdued years for technology listings, the expected debuts of the three

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Business

Workday stock surges after earnings; technicals point to a short-lived rally

Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110.  Workday stock is soaring after earnings report WDAY stock has been under pressure in the past few years, moving from a

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Oil spikes over 3% as Iran nuclear standoff threatens supply from Hormuz

Oil prices surged more than 3% on Thursday after Iran’s supreme leader ordered that enriched uranium must remain inside the country, a move seen as complicating fragile peace talks with the US.  The directive heightened geopolitical uncertainty, keeping crude markets volatile as supply disruptions through the Strait of Hormuz persist. Prices jump on nuclear standoff

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Business

Real, iExec to explore confidential infrastructure for tokenized assets

Real, a Layer 1 blockchain focused on institutional-scale real-world asset tokenization, has signed a memorandum of understanding with iExec to explore privacy-preserving infrastructure for tokenized assets. The collaboration will examine how institutional RWA issuance, distribution, and on-chain financial operations can be carried out while maintaining confidentiality, compliance, and auditability. Real supports the full lifecycle of

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Ronin (RON) rally explained: Coinbase listing, L2 upgrade and supply shock

Ronin (RON) has surged sharply over the past 24 hours, climbing 35.8% to $0.1233 and outperforming a largely flat crypto market. The rally pushed the token to an intraday high of $0.1365 from a low of $0.08542. Ronin price chart | Source: Coingecko The move came alongside a massive increase in trading activity, with 24-hour

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Business

Europe’s AI future at risk as soaring power costs push data centers abroad

Europe’s soaring electricity prices are threatening its ambitions to compete with the US and China in artificial intelligence, as power-hungry data centers face mounting costs and investors increasingly look elsewhere, according to a CNBC report.  Experts warn that without cheaper energy, Europe risks falling far behind in the AI race.  Europe has set its sights

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Business

The ‘Thucydides Trap’: why a 2,500-year-old war loomed over the Trump-Xi summit

In 2015, Chinese President Xi Jinping used the term “Thucydides Trap” in Seattle before an audience that included former Secretary of State Henry Kissinger. “There is no such thing as the so-called Thucydides Trap in the world. But should major countries time and again make the mistakes of strategic miscalculation, they might create such traps

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Business

Why Nvidia stock is crashing around 4% on Friday

Shares of Nvidia (NVDA) fell sharply on Friday, pulling back after an explosive rally that had pushed the chipmaker close to another record valuation milestone. The stock dropped around 4% to $226.80 in early trading after gaining roughly 20% over the previous seven sessions. Thursday’s rally alone saw Nvidia rise 4.4% to close at $235.75,

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Nvidia tops $230 mark: here’s why analysts say NVDA still cheap ahead of earnings 

Shares of Nvidia (NVDA) climbed to another record high on Thursday, extending a powerful rally fueled by optimism around artificial intelligence demand, easing restrictions on chip sales to China, and expectations of another blockbuster earnings report later this month. The stock rose by 2.6% at the market open to cross the $231 mark after closing

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Business

Figma stock price just double-bottomed: will it surge after earnings?

Figma stock price has crashed and is hovering near its all-time low as concerns about its business growth and costs jump. After peaking at $142 following its initial public offering, FIG stock has tumbled to  $21, erasing billions of dollars in value. Still, there are signs that the stock is a good buy ahead of

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