Alphabet moved to raise up to $25 billion through a US bond offering as artificial intelligence spending continues to reshape Big Tech financing strategies. Memory stocks came under pressure despite better-than-expected earnings from Western Digital and Sandisk, while gold retreated as rising oil prices revived inflation concerns. Crude oil surged after reports that Iran is
Wall Street ended lower on Thursday as investors paused after this week’s record-setting rally, weighing a fresh round of corporate earnings alongside renewed uncertainty over developments in the Middle East. The Dow Jones Industrial Average dropped 454 points, or 0.83%, while the S&P 500 slipped 0.18%. The Nasdaq Composite edged 0.04% lower as weakness in
Stocks rallied sharply on Tuesday, sending both the Dow Jones Industrial Average and the S&P 500 to fresh record highs as strong corporate earnings and another steep decline in oil prices boosted investor sentiment. Optimism over artificial intelligence spending continued to build after upbeat results from Palantir Technologies and Caterpillar, while hopes for easing tensions
SpaceX (SPCX) shares slipped in after-hours trading late Tuesday as Wall Street delivered a muted verdict on the company’s inaugural quarterly financial report. In its first public earnings update since a record-setting initial public offering on June 12, SpaceX reported second-quarter revenue of $7.81 billion, beating analyst estimates of $6.93 billion and surging 92% from
Strategy Inc. MSTR (formerly known as Microstrategy) shares gained 2% on Monday after the company disclosed fresh sales of Bitcoin and common stock as it continued executing its revamped capital strategy focused on strengthening liquidity and supporting its balance sheet. The company, led by Executive Chairman Michael Saylor, said it sold approximately 1,638 Bitcoin for
Jim Cramer’s favourite dip-buying rule starts with a margin decline, but it does not end there. Investors must decide whether profits are temporarily compressed by investment or permanently damaged by weak demand and competition. Meta Platforms, Alphabet and SoFi are the clearest tests after their shares were punished by spending increases or cautious guidance. Intel
When FIFA on Tuesday announced plans to create a $20 billion subsidiary to manage the commercial rights of the World Cup and other major tournaments, the proposal immediately became one of the most controversial ideas in modern football governance. What initially appeared to be a financial restructuring has quickly evolved into a debate over who
Nvidia stock (NVDA) rose on Friday after Amazon reaffirmed its commitment to the chipmaker’s artificial intelligence processors and increased its capital spending plans, reinforcing investor confidence in continued demand for AI infrastructure. The stock gained 2.6% to $199.07 in midday trading, building on Thursday’s more than 2% advance. The rally put Nvidia on track to
Apple Inc. reported fiscal third-quarter results that topped Wall Street expectations on overall revenue and earnings, driven by strong iPhone and Mac sales. However, weaker-than-expected performance in China and its high-margin services business weighed on investor sentiment, sending shares down about 3.9% in after-hours trading. The iPhone maker reported revenue of $109.42 billion for the
Qualcomm stock price continued its strong downward trend this week, reaching its lowest level since April 30. QCOM has plunged by over 37% from its highest point this year, with its market capitalization falling from $265 billion to $171 billion. Qualcomm’s crash has coincided with the ongoing sell-off among other semiconductor companies. The VanEck Semiconductor