SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down by nearly 80% from its all-time high, a sign that Nvidia’s investment has flopped. Investors are aggressively betting against SoundHound stock SOUN stock has plunged
US stocks ended mixed on Thursday, with the Nasdaq Composite posting its steepest decline among the major indexes as artificial intelligence stocks came under pressure and rising oil prices added to inflation concerns. The Nasdaq fell 1.24% to 27,197.10 points, while the S&P 500 lost 0.46% to 7,765.70. The Dow Jones Industrial Average gained 0.09%
Dell Technologies stock has continued its strong rally this year, making it one of the top gainers in the S&P 500 Index. It has soared by 347% this year, bringing its market capitalization to over $365 billion, with Michael Dell’s net worth rising to $266 billion. So, with the stock being highly overbought, does it
JPMorgan expects the US midterms to reshuffle healthcare winners, with the outcome hinging on which party controls Congress. The bank’s strategists believe November’s vote should reward stock picking over broad sector bets – and healthcare appears in both of their scenario baskets: one for a split Congress, and the other for a Democratic sweep. Republicans
The latest US employment data has revived an increasingly familiar description of the US labour market: low hire, low fire. It is an unusual combination. Employers are adding very few workers, but they are also not cutting existing staff at a pace typically associated with such weak hiring. The result is a labour market that
US employers added far fewer jobs than expected in September, while the unemployment rate rose to 4.2%, strengthening expectations that the Federal Reserve may leave interest rates unchanged in October. Gold prices fell as a stronger dollar and elevated Treasury yields outweighed earlier support from the weaker US jobs report. Oil prices were mixed after
US stocks ended higher on Friday after weaker-than-expected September jobs data reduced expectations for a Federal Reserve rate hike later this month. The Dow Jones Industrial Average rose 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%. The Nasdaq briefly reached an all-time high during the session before
Alphabet stock GOOGL fell in trading on Thursday even after Google unveiled Gemini 4 Argon, its latest frontier artificial intelligence model, with analysts highlighting its performance across coding, cybersecurity and complex workflows. JPMorgan maintained its ‘Overweight’ rating on Alphabet following the announcement. In a note cited by TheFly, the bank said Google needs to “re-establish
OpenAI is seeking at least $30 billion in fresh funding at a valuation of about $1.4 trillion, while the 30-year US Treasury yield climbed above 5.61% to its highest level since 2002. Oil prices fell as Middle East exports improved, while gold recovered from a more than seven-week low. OpenAI seeking $30 billion funding OpenAI
US stocks ended lower on Tuesday as Treasury yields climbed to fresh multiyear highs, while investors assessed the outlook for interest rates ahead of key inflation and labour market data. The Dow Jones Industrial Average fell 136 points, or 0.26%, to 51,345.41. The S&P 500 declined 0.14% to 7,672.57, while the Nasdaq Composite slipped 0.08%