US stocks fell on Thursday as renewed concerns about artificial intelligence spending pressured technology shares, while rising geopolitical tensions in the Middle East pushed oil prices to a five-month high. The Nasdaq Composite recorded its steepest daily decline since June, while the S&P 500 suffered its worst session since July. Investors also moved into US
Bloom Energy shares BE rose over 6% on Wednesday after SpaceX CEO Elon Musk said power generation and cooling infrastructure, rather than semiconductor availability, were emerging as the main constraints on the expansion of artificial intelligence computing capacity. “I think people are starting to realize the constraint on deployment of superintelligence is more in power
Strategy (MSTR) stock has traded within a narrow range over the past few days as Bitcoin’s rally has lost momentum. The stock was trading at $142.70, down from its September high of $170. However, this period of consolidation could be the calm before the storm, especially after JPMorgan issued a bold prediction about Bitcoin’s future
The Nasdaq Composite rose on Monday as investors returned to technology and artificial intelligence-related stocks following last week’s sharp selloff, while markets looked ahead to earnings from major US companies. The tech-heavy index gained 1.1%, while the S&P 500 advanced 0.4%. The Dow Jones Industrial Average finished slightly below the flatline. The rebound followed a
Crude oil prices continued the upward trend, reaching its highest level since May 20 as the crisis in the Middle East gained momentum. Brent, the global benchmark, rose to $110, while West Texas Intermediate (WTI) moved to $99.05, well above its July low of $67. Iran continues to shoot ships Brent and West Texas Intermediate
Anthropic’s potential initial public offering is facing an early test of investor appetite, with some prospective and existing investors reportedly considering a valuation of around $1.5 trillion, below the roughly $2 trillion target previously expected for its November listing. The reassessment follows a slowdown in the company’s sequential revenue growth and comes as investors grow
Trump Media stock continued its strong downward trend, reaching its lowest level on record as headwinds jumped. DJT fell to $6.9, down by 60% from its highest point this year and 33% below its highest point in August. This sell-off may continue as the company faces some major headwinds. Trump Media is facing headwinds DJT
ServiceNow shares NOW rose 6.2% in trading on Thursday after TD Cowen raised its price target on the enterprise software company to $165 from $140 and reiterated its Buy rating. Analyst Derrick Wood expects a strong third-quarter performance, supported by customer upgrades, growth in security products and demand from US federal agencies. The gains came
US stocks closed lower on Wednesday as hotter-than-expected inflation data increased expectations of further Federal Reserve interest rate hikes, weighing on technology shares and other rate-sensitive investments. The S&P 500 fell 1.08% to 7,721.49, while the Nasdaq Composite dropped 1.85% to 26,701.48. The Dow Jones Industrial Average declined 0.09%, or 45.23 points, to 51,624.87, with
Wells Fargo (WFC) stock is inching lower on October 13 after the bank’s Q3 earnings disappointed investors. On a per-share basis, WFC earned $1.87 in its third quarter, exceeding $1.85 per share consensus, but its revenue at $21.87 billion missed expectations of about $22.31 billion. Yet investors looking beyond the headline have reasons to consider