Indian IT shares fell sharply on Friday after Accenture’s weaker outlook revived concerns that global technology spending remains fragile despite strong investor enthusiasm around artificial intelligence. The Nifty IT index dropped as much as 5.8%,…
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MU, SNDK, STX, WDC stocks rise after Apple chief warns of memory-driven price hikes
by adminby adminShares of memory and storage companies climbed in premarket trading on Thursday after Apple Chief Executive Tim Cook warned that soaring memory and storage chip prices could force the iPhone maker to raise product prices.…
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SpaceX rally sparks tech-stock bubble concerns, fuels meme-stock comparisons
by adminby adminSpaceX’s blistering rally since its stock market debut is reigniting concerns that investor enthusiasm for artificial intelligence and technology stocks may be pushing valuations into bubble territory, with some market observers also drawing comparisons to…
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SpaceX (SPCX) has formally agreed to acquire artificial intelligence coding startup Cursor in a transaction that values the company at $60 billion. The acquisition advances Elon Musk’s efforts to strengthen his position in one of…
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SpaceX stock climbed in premarket trading on Monday after the Elon Musk-led company delivered a strong debut on the Nasdaq, with investors betting that upcoming index inclusions could provide another catalyst for gains. The stock…
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SpaceX (SPCX) made history on Friday – raising $75 billion in the largest IPO “ever” – promptly gaining 19% in its Nasdaq debut. The frenzy is real, the story is compelling, but the valuation, hovering…
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SpaceX SPCX has hit the market, but the buzz around it continues to remain with another question that is increasingly capturing Wall Street’s attention: could Elon Musk eventually merge his rocket company with Tesla? The…
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US stock-index futures rose on Friday as traders moved back into risk assets, encouraged by hopes that a Middle East deal may ease the oil shock and by anticipation around SpaceX’s market debut. The mood…
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US stock futures rose on Thursday as investors moved back into beaten-down technology shares and took some comfort from signs that Washington and Tehran were still exchanging messages on a possible peace framework. The rebound…
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US stock futures traded lower during European hours on Wednesday as investors assessed escalating geopolitical tensions in the Middle East and prepared for the release of closely watched US inflation data. At the time of…