Xiaomi stock retreated for two consecutive days after a report confirmed that the company was losing market share in the smartphone industry. It slipped to H$25.82 in Hong Kong, a few points below this month’s high of H$26.70. Xiaomi is losing market share in the smartphone industryA report released by Omdia…
TSMC is expected to deliver another record profit on Thursday, but investors may need more than strong headline numbers to push the stock higher.The chipmaker reports at 2 AM ET on July 16. Analysts expect second-quarter net profit to surge 59% to NT$632.6 billion, which would mark a fifth consecutive…
Groww parent Billionbrains Garage Ventures reported that its consolidated net profit nearly doubled in the first quarter, driven by strong growth in transacting users and higher trading activity across its investment platform.The results also lifted investor sentiment, with the company’s shares rising during trading.The company posted a consolidated net profit…
PayPal’s stock surged in premarket trading after reports emerged that Stripe and Advent International had offered to acquire the company for over $53 billion. The offer, valued at $60.50 per share, represents roughly a 28% premium over PayPal’s most recent closing price. Shares have traded as low as $38.46 over the…
IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure.The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed…
Bitcoin treasury company Strategy (previously known as Microstrategy) fell 3% on Monday after raising approximately $466.7 million by selling common stock last week while leaving its bitcoin holdings unchanged. The company sold 4,818,781 MSTR shares between July 6 and July 12 and did not buy or sell any bitcoin during…
Nvidia (NVDA) stock declined on Monday, even as fresh announcements on artificial intelligence infrastructure spending reinforced expectations of continued demand for the chipmaker’s products.Shares of Nvidia were down 3.2% at $204.12 in trading. The decline broadly tracked weakness in the wider market, with the Nasdaq Composite falling 1.4%. However, Nvidia…
President Donald Trump announced the reinstatement of a US blockade on Iranian shipping and proposed a 20% charge on cargo transiting the Strait of Hormuz. Oil prices surged as markets assessed renewed risks to global energy supplies, while gold fell on expectations that higher energy costs could keep US interest…
US stocks closed lower on Monday as escalating tensions between the United States and Iran triggered a sharp rise in oil prices and renewed concerns over inflation, while a broad sell-off in semiconductor stocks added to pressure ahead of a busy week of corporate earnings and economic data.The Dow Jones…
SanDisk stock (NASDAQ: SNDK) suffered another bruising session on Monday, dropping 12.6% to $1,673.97 as investors rushed out of memory and semiconductor stocks.The decline continued after the close, with the stock slipping a further 2.4% by late trading.The contrast is striking as SanDisk has fallen almost 29% from its late-June…