Bloom Energy stock has retreated into a bear market, falling by 33% from its highest point this year. It dropped to $234 today, continuing a trend that started on June 25 when it reached a record high of $350. So, is this the start of a prolonged bear market or…
SpaceX (SPCX) shares fell more than 2% on Friday, extending a volatile stretch that has erased the stock’s post-IPO gains as investors continue debating whether Elon Musk’s AI and space ambitions justify one of the world’s richest valuations.The stock traded around $148, below its $150 listing price, after briefly soaring…
Seagate Technology (STX) shares rose on Friday after Wells Fargo upgraded the data storage company to an Overweight rating. The analyst cited growing confidence in its long-term earnings potential and sustained demand for hard-disk drives (HDDs) driven by artificial intelligence infrastructure.The upgrade comes after Seagate shares pulled back in recent…
South Korean semiconductor giant SK Hynix made history on Wall Street, listing on Nasdaq today via American Depositary Receipts (ADRs) under the ticker SKHY. The firm’s US initial public offering (IPO) priced at $149 was more than 7x oversubscribed – and raised a total of about $26.5 billion. This made…
US stocks ended higher on Friday, with the S&P 500 closing just shy of a record high as enthusiasm around artificial intelligence and semiconductor stocks offset concerns over renewed tensions in the Middle East. Investors also turned their attention to the start of the second-quarter earnings season next week, when…
Cerebras Systems CBRS shares rose 11% on Thursday after the artificial intelligence infrastructure company unveiled plans for a major expansion across Europe.The initiative includes new AI data centres that will partially support OpenAI workloads under the companies’ existing partnership.The company said it expects to bring its first European data centre…
US-Iran tensions escalated for a second straight day as fresh military strikes threatened the fragile ceasefire and disrupted shipping through the Strait of Hormuz. SK Hynix moved closer to its record US listing with plans to price its American depositary receipts at $149 each. Oil prices fell as demand concerns…
US stocks closed higher on Thursday as a rally in semiconductor shares offset concerns over renewed military exchanges between the United States and Iran, while easing oil prices helped support broader market sentiment.The Dow Jones Industrial Average added 139.02 points, or 0.27%, to finish at 52,487.41. The Nasdaq Composite gained…
Tata Consultancy Services shares rose more than 3% on Friday after India’s largest software exporter reported quarterly revenue ahead of estimates, helped by steady demand from banking clients, a weaker rupee and growing AI-linked work. The earnings beat did not erase concerns about slow discretionary spending across the sector.But it…
SK Hynix raised about $26.5 billion after pricing 177.9 million American depositary shares at $149 each.The fresh raise sets up a closely watched Nasdaq debut that will test Wall Street’s appetite for the AI-memory boom.Demand exceeded the available stock by more than seven times, despite a recent pullback in global…