In the pursuit of powering artificial intelligence (AI) and the race to come out on top, data has become the new oil. Companies that control the pipelines are pulling in record venture capital (VC), with centralised AI web infrastructure startups raising more than $280 million over the past 18 months. Nimble secured $47 million in
German-Swiss quantum technology firm Terra Quantum announced plans on Thursday to go public on the Nasdaq this year through a merger with a US-based special purpose acquisition company (SPAC). The deal is expected to value the company at $3.25 billion, marking a significant step in its growth strategy. The company has signed a non-binding letter
UK large-cap and mid-cap shares jumped on Wednesday after a breakthrough agreement between the United States and Iran on a temporary ceasefire lifted investor sentiment globally. The development triggered a broad-based rally in equities while sharply reducing oil prices. The benchmark FTSE 100 rose 3.09%, reaching its highest level since March 3. Meanwhile, the mid-cap
Investors are recalibrating their strategies in response to renewed geopolitical uncertainty, crafting a fresh “Trump trade” playbook as markets react to shifting dynamics around US-Iran tensions, oil prices, and global monetary policy. With inflation and interest rate trajectories increasingly difficult to predict, many investors are stepping away from long-term positioning and instead focusing on short-term
US stocks surged on Wednesday after a surprise two-week ceasefire agreement between the United States and Iran eased geopolitical tensions and sent oil prices sharply lower, boosting risk appetite across global markets. The announcement, made just hours before US President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz, triggered a broad “risk-on”
Microsoft stock has crashed into a technical bear market after plunging from $550 to the current $372. This retreat has coincided with the ongoing sell-off in software stocks and as concerns about its massive capital expenditure continues. So, will the stock rebound now that it has become a bargain? Microsoft stock has plunged amid AI
Shares of Delta Air Lines surged sharply in early Wednesday trading, lifted by stronger-than-expected earnings and optimism following a two-week cease-fire agreement between the US and Iran that sent oil prices tumbling. The stock jumped more than 11% after the market opened, putting it on track for one of its strongest single-day gains in over
Broadcom stock price has crashed into a technical bear market after falling by over 24% from its highest point in December last year. AVGO dropped to 314, with its market capitalisation dropping from over $1.9 trillion to $1.5 trillion. So, will the new deal with Anthropic fuel its comeback? Broadcom inks major deal with Anthropic
The Virgin Galactic stock price has rebounded this week and is hovering at its highest point since January 28. It has soared by 45% from its lowest point this year, bringing the market capitalisation to $250 million. Top reasons why the Virgin Galactic stock has soared The SPCE stock has soared in the past few
Shares of major US health insurers jumped in premarket trading on Tuesday following the government’s announcement of a larger-than-expected increase in 2027 payment rates for Medicare Advantage plans. Insurance giant UnitedHealth led the rally, climbing 6.9%, while CVS Health, Elevance Health, Centene , and Molina Healthcare rose between 3.6% and 6%. Notably, Humana surged 10.7%,