Memory chip stocks, including Micron Technology, Samsung Electronics and SK Hynix, have been battered several times this year by reports of technological advances at China’s ChangXin Memory Technologies (CXMT). Investors fear the Chinese chipmaker could eventually erode the competitive advantage enjoyed by the industry’s leading players, whose shares have soared amid the artificial intelligence boom.
Nu Holdings stock price has pulled back in the last two consecutive days as investors started booking profits after the recent surge. It dropped to $15.6, a few points below this month’s high of $16.17. This retreat may continue as investors attempt to fill the fair value gap formed earlier this month. Nu Holdings stock
Bank of America is telling investors to buy BWX Technologies, DraftKings and Grocery Outlet Holdings before they report third-quarter results, backing each name with a different argument. The companies span nuclear components, sports betting and grocery retail, and share little beyond the timing of their earnings. Two reach the list through rating upgrades, while the
Nvidia stock has pulled back in the past four consecutive days. It has slumped from the all-time high of $243 to the current $230 as investors have remained cautious about the artificial intelligence boom. So, will the stock continue falling or bounce back as some of its portfolio companies flop? Top Nvidia-backed companies are flopping
Crude oil price held steady on Friday, with Brent ending the week at $104.5 and the West Texas Intermediate (WTI) hitting $93. Brent has jumped by nearly 10% from its lowest level this month, and this recovery may continue as the Middle East erupts. Houthi and Saudi Arabia crisis escalates Crude oil prices reacted mildly
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
Oil prices pulled back on Friday after their biggest one-day jump in weeks, as Donald Trump’s pledge to avoid attacking Iran before the US midterm elections removed some of the immediate geopolitical premium from crude. Brent fell about 1.3% to $102.91 a barrel in Asian trade, while West Texas Intermediate slipped to roughly $90.40. The
Ethereum dropped below $2,500 on Friday, declining nearly 3% as institutional withdrawals, rising exchange balances, and broader economic pressures weighed on demand. The third consecutive daily decline came alongside elevated oil prices and US Treasury yields. ETH also slipped beneath its 50-day exponential moving average, weakening its near-term technical structure. Treasury yields and Fed outlook
Gold prices rose in early trading Thursday while silver declined sharply as oil prices climbed and Treasury yields remained near multi-decade highs, keeping inflation and interest-rate risks in focus. At the time of writing, spot gold was trading at $4128 an ounce, up around 0.40% on the day. Spot silver fell close to 1% and
Penguin Solutions delivered the kind of quarter needed to defend a 228% stock rally, but the valuation question has not disappeared. The AI infrastructure company reported an 888% jump in quarterly net income to $93 million, while revenue rose 68% to a record $567 million. Management also raised its fiscal 2027 outlook as AI data-centre