US stocks opened subdued on Wednesday after another stronger-than-expected inflation report reinforced expectations that the Federal Reserve may keep interest rates elevated throughout the year, while a rebound in semiconductor stocks helped support technology-heavy indexes. The Dow Jones Industrial Average fell 230 points, or 0.46%, while the S&P 500 slipped 0.04%. Nasdaq Composite outperformed, gaining
Shares of Alibaba Group fell more than 2.5% in premarket trading on Wednesday after the Chinese technology giant reported mixed quarterly results, with revenue growth supported by artificial intelligence demand but profitability sharply hit by aggressive investment spending. Alibaba posted a 3% rise in fiscal fourth-quarter revenue, as its cloud and AI businesses continued to
The stock of Micron Technology has been on a stunning rally over the last year, with its share price surging by more than 720% during the period, but Bank of America says it sees more upside. BofA Securities lifted its price target on Micron (MU) stock to $950 from $500 while maintaining a Buy rating,
Figma stock price has crashed and is hovering near its all-time low as concerns about its business growth and costs jump. After peaking at $142 following its initial public offering, FIG stock has tumbled to $21, erasing billions of dollars in value. Still, there are signs that the stock is a good buy ahead of
The extraordinary rise of Nvidia has become more than just a stock market story. The artificial intelligence chipmaker’s surge beyond a $5 trillion market valuation is now reshaping global equity markets, redefining the dominance of technology companies and exposing how heavily investor capital is gravitating toward AI-linked businesses. Nvidia shares climbed another 2% on Monday
Wall Street opened lower on Tuesday as investors reacted to a hotter-than-expected inflation report and mounting concerns that the ongoing US-Iran conflict could continue driving oil prices higher and delaying potential Federal Reserve interest rate cuts. The S&P 500 fell 0.39%, while the Nasdaq Composite dropped 0.66%. The Dow Jones Industrial Average slipped 156 points.
Cisco stock price continued its bull run this week and is now trading at its all-time high. It has jumped in the last six consecutive weeks, bringing its market capitalization to nearly $400 billion. Still, despite the stock being highly overbought, Jay Woods, a popular Wall Street analyst, believes that CSCO stock may surge by
Plug Power resumed its strong surge in the extended hours today, May 12, as the company published strong financial results, confirming that it has now turned the corner. PLUG jumped by over 12% on Monday and continued the rally by over 6% to $3.73. It remains 108% above the lowest point this year. Plug Power
Affirm stock price has remained in a tight range in the past few weeks, and its recent earnings provided no boost. It was trading at $65.45 on Tuesday, inside the narrow range where it has remained at since April 17 this year. Still, the AFRM stock has formed a highly bullish pattern as Bank of
Strategy, the bitcoin-focused company (previously known as Microstrategy), has expanded its cryptocurrency holdings once again, purchasing an additional 535 BTC for approximately $43 million between May 4 and May 10, according to a filing with the Securities and Exchange Commission. The company paid an average price of $80,340 per bitcoin in the latest acquisition round,