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…
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 yearHong Kong’s…
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…
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…
Hims & Hers Health shares (HIMS) surged 9% on Wednesday after Canaccord Genuity raised its price target on the telehealth company, citing improving sales trends, momentum in its weight-loss business, and growing optimism around its peptide opportunity.Canaccord analyst Maria Ripps maintained a Buy rating on the stock while increasing her…
Microsoft MSFT shares rose 4% on Wednesday after consumer health company Haleon announced a new five-year agreement to expand its use of Microsoft’s artificial intelligence, cloud, and data technologies across its global operations.The partnership strengthens Microsoft’s position in enterprise AI adoption while the company also faces reports that it is…
Robinhood HOOD shares surged 8% on Wednesday after the online brokerage unveiled a series of new products and international expansion initiatives aimed at broadening its presence in cryptocurrency trading and global financial services.The announcements, made during a live event in London, included new AI-powered cryptocurrency trading capabilities for US customers,…
The Dow Jones Industrial Average touched a fresh intraday record on Wednesday before giving up most of its gains, while the Nasdaq Composite declined as investors took profits in semiconductor stocks following the sector’s blockbuster first-half rally.The Dow briefly climbed to an all-time intraday high of 52,742.66 before pulling back,…
Top Asian stocks in the memory industry retreated sharply today, July 2, as profit-taking gained steam. In Japan, Kioxia stock retreated to ¥75,160, down by 33% from its highest point this year. It has jumped by 555% this year. The same trend happened in South Korea, where SK Hynix gapped downwards,…
The Kospi Index slumped by over 7% as volatility in the South Korea’s equity market continued. It plunged to a low of 7,733, down by 17.50% from its highest point this year. Memory stocks drag the Kospi Index lowerThe Kospi Composite Index remained on edge today as its recent volatility gained…