Shares of Intel surged sharply on Friday after a report said the company had reached a preliminary agreement with Apple to manufacture some of the chips used in the iPhone maker’s devices.According to a Wall Street Journal report citing people familiar with the matter, Apple and Intel had been engaged…
Nio stock price has pulled back in the past few days, mirroring the performance of other Chinese electric vehicles. It was trading at $5.90 on Tuesday, down substantially from the year-to-date high of $7.01. Still, the stock is showing some bullish signals, which may lead to a strong comeback in…
The FTSE 100 Index remained in a narrow range this week as traders watched the developments in the Middle East, where odds of a deal between the US and Iran rose. It also wavered because of the weak HSBC earnings. This article looks at some of the top FTSE 100 and…
US equities edged higher on Thursday, supported by declining oil prices and growing optimism that a deal to end the conflict involving Iran could be nearing completion.The S&P 500 rose 0.1%, while the Nasdaq Composite also gained 0.1%. The Dow Jones Industrial Average advanced 174 points, or 0.4%.Oil prices extend…
Shares of Tesla (TSLA) climbed on Thursday, rising above the $400 mark as improved sales data from China supported investor sentiment despite ongoing concerns around the company’s long-term strategy.The stock was up around 3% at $409.70 in early trading.China sales provide boostTesla sold 79,478 vehicles from its Shanghai plant in…
Shares of Nvidia (NVDA) rose on Thursday, extending gains from the previous session as the broader semiconductor sector rallied.The stock was up around 3% at $213.53 in early trading, after climbing 5.8% on Wednesday and reclaiming the closely watched $200 level.Analyst reaffirms bullish outlookGoldman Sachs reiterated a Buy rating on…
Shares of Microsoft (MSFT) rose in mid-day trading on Thursday, supported by a combination of analyst upgrades and improving sentiment toward software stocks.The stock gained about 2.04% to $422.35, extending its recovery following the company’s recent quarterly results.Earnings beat supports momentumMicrosoft’s fiscal third-quarter results, reported on April 29, exceeded expectations…
Wedbush Securities’ senior analyst Dan Ives believes Datadog (DDOG) has significant room to the upside as the stock rallies on stellar Q1 earnings.On Thursday, the cloud-based observability platform reported a blockbuster $1.1 billion revenue, a 32% year-on-year increase that comfortably cleared the $960 million analysts had pencilled in.On the bottom…
The S&P 500 slipped on Thursday after briefly touching a fresh all-time intraday high, as oil prices rebounded from earlier losses. Investors continued to monitor developments surrounding potential negotiations between the United States and Iran.The benchmark index fell 0.4%, pressured by declines in technology and semiconductor stocks, including Amazon, Broadcom…
Nvidia and IREN announced a strategic partnership on Thursday aimed at accelerating the deployment of next-generation artificial intelligence infrastructure, as global demand for computing power continues to surge.As part of the agreement, Nvidia will gain the right to invest up to $2.1 billion in IREN through a five-year option to…