SpaceX stock price pulled back slightly from this week’s high of $139.8 to $133 as the recent rebound lost steam. SPCX remains 27% above its lowest level this month, and a top analyst from Morgan Stanley believes it may double soon. He joins other top players in Wall Street who believe that it has more
IREN stock rose by over 7.5% in the premarket session after a series of good news in the neocloud industry. It jumped to $43.3, up by nearly 50% from its lowest level on June 29 this year. IREN stock jumps after some positive neocloud news IREN, a top company in the neocloud industry, has jumped
US stock markets are standing at a crucial inflection point as investors brace for the release of the July Consumer Price Index (CPI) report. Wall Street consensus estimates project headline inflation to cool slightly to 3.4% year-over-year – down from June’s 3.5% reading – while core inflation, excluding volatile food and energy costs, is expected
Rocket Lab stock rose to the important resistance level of $80 after the company reported strong financial results. RKLB has jumped by 37% from its lowest point this year, and analysts believe that it has more upside to go as it solidifies its role in the space industry. Rocket Lab published strong earnings RKLB stock
US consumer inflation rose modestly in July, matching economists’ expectations and potentially reducing the urgency for the Federal Reserve to raise interest rates next month as policymakers weigh easing price pressures against a weakening labour market. The Consumer Price Index increased 0.1% in July from the previous month, according to data released Wednesday by the
US stock indexes opened higher on Wednesday after a largely in-line inflation report reinforced expectations that the Federal Reserve could leave interest rates unchanged next month, while strong earnings and upbeat guidance from artificial intelligence infrastructure companies boosted technology shares. The Dow Jones Industrial Average gained 68 points while the S&P 500 climbed 0.35%. The
Intel stock INTC surged 4% on Wednesday after its recent $20 billion stock offering. While Bank of America said the stock offering may dilute earnings in the near term, the analyst sees the move as growing confidence in the chipmarker’s long term foundry strategy. BofA estimates the additional shares issued through the equity raise could
Nvidia stock (NVDA) rose early Wednesday as investors appeared to take some comfort from a new financing initiative involving six of Wall Street’s biggest investment firms. Shares rose around 3% to about $223 in early trading. The MoUs announced Monday bring together Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR to
Oil prices climbed nearly 3% on Monday after Iran reiterated that the United States must meet several conditions before the Strait of Hormuz can reopen, reviving concerns over global energy supplies and pushing crude benchmarks higher. Brent crude futures rose 3.27%, to $86.30 a barrel, while US West Texas Intermediate crude futures gained 3.48%, to
Supermicro (SMCI) shares are inching higher ahead of the artificial intelligence (AI) server firm’s Q4 earnings scheduled for release after the market closes on August 11. Consensus is for the company to post $11 billion in revenue – up an exciting 91% year-on-year – on $0.68 per share of earnings (EPS), which would represent a