Shares of Micron Technology (MU) fell sharply on Friday as renewed uncertainty surrounding Nvidia’s AI chip sales to China triggered a broader semiconductor selloff and prompted investors to lock in profits following Micron’s massive recent rally. Micron shares dropped roughly 7.3% during the session after climbing to a fresh all-time high near $818 earlier in
Elon Musk’s rocket and satellite maker SpaceX is preparing for one of the most closely watched stock market debuts in recent years, with the company targeting an initial public offering as early as June 12, according to people familiar with the matter cited by Reuters. The company plans to price its IPO as early as
Shares of Salesforce (CRM) moved higher Friday as investors reacted positively to the company’s expanding artificial intelligence strategy, stronger financial performance, and a newly announced US Air Force contract that reinforced optimism around enterprise AI demand. Salesforce shares gained roughly 4.1% during the session, outperforming the broader market. The S&P 500 was down 1.03% while
US stocks fell sharply on Friday as rising Treasury yields, surging oil prices, and fading enthusiasm surrounding artificial intelligence stocks pressured markets following weeks of record-setting gains. The Dow Jones Industrial Average dropped roughly 537 points, or about 1.1%, while the S&P 500 lost approximately 1.2%. The Nasdaq Composite declined about 1.5% as technology and
Indian capital market stocks have emerged as one of the strongest-performing pockets of the market over the past year. The muted benchmark index performance has done nothing to limit the rally. At the time of writing, while the Nifty 50 has declined by 5.66% over the last year, the Nifty Capital Market index surged nearly
Shares of Gemini Space Station surged more than 20% in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and announced a $100 million investment from its founders. The New York-based company’s shares, which were priced at $28 during its initial public offering, closed at $5.26 on Thursday before rallying in
POET Technologies stock price has gone parabolic this year, making it one of the top gainers as the artificial intelligence boom continues. It jumped to $20 on Thursday, up by 315% from its lowest point this year. POET jumped after a major $500 million partnership The stock soared on Thursday after the company inked a
Billionaire investor Bill Ackman revealed Friday that Pershing Square has built a new position in Microsoft. He argued that recent weakness in the software giant’s stock has created an attractive long-term investment opportunity despite growing concerns over artificial intelligence competition and heavy spending. Ackman disclosed the investment in a post on social media platform X,
US stocks fell sharply on Friday as rising Treasury yields, persistent inflation concerns, and escalating energy prices pressured markets following another record-setting session for major indexes. The Dow Jones Industrial Average dropped roughly 402 points, or about 0.8%, while the S&P 500 fell 1.13%. Nasdaq Composite led declines, sliding about 1.58% as investors pulled back
Shares of Nvidia (NVDA) fell sharply on Friday, pulling back after an explosive rally that had pushed the chipmaker close to another record valuation milestone. The stock dropped around 4% to $226.80 in early trading after gaining roughly 20% over the previous seven sessions. Thursday’s rally alone saw Nvidia rise 4.4% to close at $235.75,