Moderna Inc. (MRNA) shares rose 9.2% on Thursday, making the biotechnology company one of the top performers in the S&P 500. Investors responded positively to new pipeline updates, encouraging influenza vaccine data, and favorable analyst commentary. The stock extended its recent rally after climbing to a new annual high on Wednesday. At one point, shares
The Dow Jones Industrial Average climbed to a record high on Thursday after a weaker-than-expected US jobs report reduced expectations of near-term Federal Reserve interest rate hikes, while technology stocks and semiconductor shares extended their recent decline. The 30-stock Dow rose 560 points, or 1.10%, to close at 52,865.24 after touching an all-time intraday high
Samsung Electronics and SK Hynix stocks rebounded on Friday, as bargain hunters returned to South Korea’s biggest chipmakers after Thursday’s bruising sell-off. The recovery looked less like a fresh fundamental reset and more like a correction in sentiment after investors appeared to overreact to Meta’s cloud-computing plans. The bigger question now is whether this bounce
Asian markets found a steadier footing on Friday as investors took a softer US jobs report as a reason to dial back fears of an immediate Federal Reserve rate hike. The move was not a simple risk-on surge. It was more measured than that. Chip stocks bounced after a bruising selloff, regional PMI data pointed
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the Nikkei 225 and Kospi, which jumped by 34% and 85%, respectively. Top Hang Seng Index stocks have retreated this year Hong Kong’s Hang Seng Index
Chipmaker Nvidia has introduced a new revenue-sharing programme designed to support fast-growing artificial intelligence startups by providing access to computing power in exchange for a share of future revenue. The company announced that the initiative will offer token credits to AI startups to help power their development. Under the programme, cloud-based AI companies, model developers
Cathie Wood’s ARK Innovation ETF has bought back into SoFi Technologies (NASDAQ: SOFI) just as the beaten-down fintech stock is trying to recover from a difficult first half of the year. ARKK bought 299,753 SoFi shares across June 29, June 30 and July 1, worth about $5.5 million based on SoFi’s July 1 close of $18.44,
Investor Michael Burry, best known for his successful bet against the US housing market portrayed in The Big Short, has reportedly opened a short position in Micron Technology (MU), arguing that the memory chip maker’s recent rally has been driven by speculative enthusiasm rather than fundamentals. According to a post published on his Substack, Burry
Nvidia enters the second half of 2026 facing growing pressure to defend both its market leadership and investor confidence. While the company remains the world’s largest by market capitalisation, its stock has lagged several semiconductor peers this year as investors broaden their focus across the artificial intelligence (AI) supply chain. The company continues to benefit
OpenAI has discussed giving the US government a 5% equity stake in the company as policymakers seek greater oversight of the rapidly expanding sector and explore ways for Americans to benefit financially from the AI boom, according to a Financial Times report. The proposal, which remains in the conceptual stage, would also encourage other major