Micron Technology (MU) shares edged lower on Friday as investors weighed valuation concerns and rising expectations ahead of the memory-chip maker’s upcoming earnings report.However, demand for artificial intelligence-related memory products continued to support the company’s long-term growth outlook.Micron stock fell 1.43% on Friday after Goldman Sachs raised its price target…
US stocks closed higher on Friday as investors welcomed signs of progress toward a potential peace agreement between the United States and Iran, while SpaceX’s blockbuster market debut added to positive sentiment across Wall Street.The Dow Jones Industrial Average rose 353.51 points, or 0.7%, to close at 51,202.26. The S&P…
Micron Technology MU shares moved higher on Thursday as investors returned to semiconductor stocks and analysts grew increasingly optimistic about the outlook for memory-chip demand driven by artificial intelligence.The stock gained more than 10% during the session, rebounding after a sharp pullback that had seen shares fall roughly 12% over…
US stocks ended higher on Thursday, with the Dow Jones Industrial Average gaining more than 900 points, as investors welcomed signs of easing tensions between the United States and Iran and returned to technology shares following a sharp selloff earlier in the week.The Dow Jones rose 929 points, or 1.84%,…
SpaceX, billionaire Elon Musk’s artificial intelligence (AI) and space infrastructure company, goes live on Nasdaq just hours from now – and Anthropic isn’t far behind either, having confidentially filed its S-1 at a valuation of nearly $1 trillion.For investors seeking to ride these historic debuts but wary of their unpredictability…
Alibaba has reportedly offered $1.5 billion to buy Chinese grocery delivery firm Pupu, more than double an earlier $600 million bid from Sun Art Retail.The reported bid, cited by Bloomberg, is not just about buying a grocery delivery company, but a bet on frequency, logistics and consumer habit.For Alibaba, Pupu…
Asian equities climbed on Friday, tracking a broader global rally, as investors bet that diplomatic progress in the Middle East could cool energy prices and ease pressure on inflation.The mood was also helped by anticipation around SpaceX’s market debut, after Elon Musk’s rocket and satellite company priced a record $75…
The Kospi Composite Index jumped by nearly 10% today, June 12, and moved closer to the all-time high. It jumped to KRW 8,430, a few points below the record high of KRW 8,925. This article highlights the top reasons behind the rally in South Korean stocks.Kospi Index jumps after President…
TSMC’s chief executive said Taiwan’s most urgent semiconductor shortage is no longer just water, power or land, but the people needed to sustain the island’s role at the centre of the global AI boom.Speaking at a ceremony for a new science park in Pingtung, southern Taiwan, CC Wei said the…
The HSBC share price has remained inside a narrow range in the past few months as investors assess its performance. It was trading at 1,320p on Thursday, up by 4.2% from its lowest point this week. It may be ripe for more gains in the near term after forming a…