The ongoing artificial intelligence (AI) infrastructure boom has sparked an unprecedented memory supercycle, lifting chipmakers to historic heights. While Micron and SanDisk have captured massive headlines in recent months with exceptional triple- and quadruple-digit returns, a more dominant powerhouse may actually be a better pick to play the memory market upside. South Korean semiconductor giant
London’s major stock indexes fell more than 1% on Wednesday after US President Donald Trump said an initial agreement to end the war on Iran was over, reviving investor concerns about escalating tensions in the Middle East and the possibility of higher oil prices. The benchmark FTSE 100 dropped 1.3% to 10,519.17 points by 1111
Nvidia stock remains under pressure this week as the recent sell-off continues. It dropped to $189, down by 18% from its highest point this year, with its valuation falling by nearly $1 trillion. Still, the stock has formed a highly bullish pattern and has landed at a core support, suggesting a rebound is possible. Nvidia
Nio stock price dropped below a crucial support level as demand for Chinese electric vehicle shares fell. It dropped to a multi-month low of $4.88 in New York, down by 40% from its highest point this year despite its strong delivery numbers. Nio’s vehicle deliveries are soaring Nio has emerged as one of the fastest-growing
The race to challenge Nvidia’s dominance in artificial intelligence chips is entering a new chapter, with startups attracting billions of dollars in funding, Big Tech accelerating in-house chip development, and investors betting that the next phase of AI computing may not belong exclusively to graphics processing units. While Nvidia continues to dominate the market for
US stocks opened lower on Wednesday after President Donald Trump said an interim agreement aimed at ending the conflict with Iran was “over,” triggering a broad risk-off move across global markets as oil prices surged and investors reassessed geopolitical risks. The Dow Jones Industrial Average fell about 509 points, or 0.96%, while the S&P 500
Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest Canadian companies. Celestica stock has
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,
The Bank of England has warned that artificial intelligence is emerging as a growing threat to financial stability, citing heightened market expectations, rising leverage and increasing cyber risks linked to the technology. In its half-yearly assessment of risks to Britain’s financial system, released on Tuesday, the central bank said earlier concerns over elevated share price
Shares of Fiserv climbed more than 6% in premarket trading on Tuesday after a report said several of the largest US banks had explored acquiring one of the fintech company’s debit-card networks, highlighting the growing strategic importance of payments infrastructure as banks compete with fintech firms and crypto players. According to The Wall Street Journal,