Shares of eBay EBAY fell about 4% on Monday after a Bloomberg report said GameStop chief executive Ryan Cohen is considering abandoning the video game retailer’s proposed $56 billion acquisition of the online marketplace in favour of a partnership. According to Bloomberg News, citing people familiar with the matter, GameStop is exploring the possibility of
Nvidia (NVDA) shares slipped on Monday after reports highlighted the chipmaker’s expanding role in financing and investing across the artificial intelligence infrastructure buildout. Nvidia stock fell over 3% to around $217 in afternoon trading. The reported Lancium investment added to investor scrutiny of Nvidia’s growing activity across the artificial intelligence supply chain, as the company
Hewlett Packard Enterprise (HPE) stock rose more than 4% on Monday after Morgan Stanley upgraded the company, citing continued strength in enterprise AI infrastructure spending and arguing that demand for servers and networking hardware remains resilient despite concerns about the sustainability of the AI investment cycle. Morgan Stanley analyst Erik Woodring upgraded HPE shares to
Microsoft MSFT shares rose 1.7% on Monday after a report said the software giant is preparing to unveil its next-generation Maia 300 artificial intelligence chip this fall, marking another step in its effort to reduce dependence on Nvidia’s processors as competition in custom AI silicon intensifies. According to The Information, citing people familiar with the
Monday.com shares fell sharply on Monday after the work management software company issued third-quarter revenue guidance that fell short of Wall Street expectations, overshadowing stronger-than-expected second-quarter earnings and continued momentum in its artificial intelligence business. MNDY shares dropped more than 6% after the company projected third-quarter revenue of $368 million to $370 million, representing growth
A potential $500 billion AI infrastructure partnership involving Nvidia and major investment firms highlighted another day of aggressive spending on artificial intelligence. Intel unveiled plans for a $15 billion share sale to strengthen its balance sheet and fund AI initiatives. Gold prices hovered near a seven-week high as investors awaited key US inflation data and
Wall Street closed slightly lower on Monday as investors weighed renewed uncertainty over the reopening of the Strait of Hormuz, rising oil prices and a busy week of inflation data that could shape expectations for Federal Reserve policy. The Dow Jones Industrial Average fell 60.95 points, or 0.11%, to close at 53,975.98. The S&P 500
Crude oil prices rose on Hyperliquid as Iran issued a list of demands for reopening of the Strait of Hormuz. WTI perpetual futures jumped to $77.67, while Brent, the global benchmark, soared to $83. This rebound may continue in the new week as tensions between the US and Iran remains. Iran has issued a list
The popular iShares 20+ Year Treasury Bond ETF (TLT) has slumped into a correction as its outflows rose and as long-term US bond yields rose. It is also under pressure as the US public debt nears the $40 trillion milestone. It was trading at $82.7 on Friday, down by 10% from its highest point last
Advanced Micro Devices (AMD) stock edged lower on Friday after the chipmaker announced the acquisition of AI inference specialist Taalas, as investors balanced the strategic deal against near-term concerns over slowing growth in its client and gaming businesses and intensifying competition from Nvidia. AMD shares fell about 2% even as the company unveiled its latest