CrowdStrike stock (NASDAQ: CRWD) looked like it had fallen off a cliff on Thursday, with the stock moving from roughly $773 at Wednesday’s close to about $193 on split-adjusted screens. The scary-looking drop was not a selloff, but a company’s scheduled 4-for-1 stock split taking effect. Investors who held one share now hold four, each
US stock futures slipped before Thursday’s jobs report, leaving Wall Street with a cautious tone after a weak session for technology shares. The rally that carried equities through the first half is not broken, but investors are becoming more selective as chip stocks lose momentum and the Federal Reserve stays data-dependent. Softer private hiring and
When markets move sharply, the problems that surface at prop firms are rarely the ones operators planned for. Risk models hold. Marketing conversion holds. Trader demand increases. What starts to buckle is the infrastructure, the systems handling onboarding, challenge evaluation, risk monitoring, payout processing, and trader support at once, at volumes that may be double
The Roundhill Memory ETF (DRAM) retreated for the second consecutive day as jitters in the memory industry accelerated. The fund, which has become a $24.3 billion behemoth, retreated to $62.45 in the pre-market, down by 22.75% from its highest point this year. Why the DRAM ETF is falling DRAM is a top ETF that gives
Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals. Shopify stock jumps after crucial settlement Shopify, the operator of the biggest e-commerce software, soared after reaching a settlement with Shopline, a
Palantir Technologies PLTR shares extended their recent rally on Thursday after DA Davidson upgraded the software company to Buy, arguing that its role as an artificial intelligence orchestration platform is becoming increasingly valuable as enterprises seek flexibility in deploying AI models. The stock rose more than 4% in premarket trading, building on an 8% gain
Meta Platforms is facing fresh regulatory pressure in Europe as the European Union prepares to escalate its investigation into whether Facebook and Instagram use design features that are addictive to children. The developments place Meta at the centre of two major stories at once. In Europe, the company is facing closer scrutiny over the impact
US stocks opened lower on Tuesday as a technology-led selloff accelerated, with semiconductor and artificial intelligence-related stocks coming under renewed pressure. The Dow Jones Industrial Average fell 326 points. The Nasdaq Composite dropped 2.2% while the S&P 500 was down 1.5%. The weakness followed Monday’s session, when the Nasdaq Composite fell 1.3%, weighed heavily by
SpaceX stock price has suffered a major crash a few days after it launched the biggest initial public offering (IPO) on record. SPCX tumbled to $154, down sharply from its all-time high of $225.80. As a result, Elon Musk’s net worth has tumbled by $300 billion, and he may soon lose his trillionaire status. Elon
AMZN kicked off its 12th annual Prime Day event on Tuesday, launching a four-day shopping extravaganza featuring millions of deals across more than 35 countries. For the e-commerce giant, Prime Day has become one of the most important events on the retail calendar, driving a surge in online spending and offering insights into consumer behaviour.