Cloudflare shares NET surged in premarket trading on Friday after the cloud services company raised its full-year revenue and earnings forecasts, signaling continued strength in demand for artificial intelligence infrastructure and cybersecurity services. The stock rose more than 16% before the opening bell after the company lifted its fiscal 2026 outlook following second-quarter results. The
The US labor market unexpectedly contracted in July, with nonfarm payrolls posting their first monthly decline in years as hiring weakened across several sectors, reinforcing concerns that employment momentum is slowing even as inflation remains above the Federal Reserve’s target. According to the Bureau of Labor Statistics, nonfarm payrolls fell by a seasonally adjusted 23,000
US stocks were mixed on Friday after a weaker-than-expected July jobs report sharply reduced expectations of a Federal Reserve interest rate hike in September. The Dow Jones index fell about 0.11% or 60 points, while the S&P 500 gained 0.37%. The Nasdaq Composite led the advance, climbing more than 1.06% as semiconductor and software stocks
Nebius Group stock has lost momentum and is now in a deep bear market after falling by over 37% from the year-to-date high. NBIS dropped to $189, with analysts and investors now focusing on the upcoming earnings, which will come out on Wednesday next week. Nebius Group stock has plunged amid AI concerns Nebius Group
SpaceX stock (SPCX) climbed on Friday, putting the stock on track to snap a four-week losing streak after stronger-than-expected quarterly results prompted analysts to raise revenue forecasts. Shares of Elon Musk’s rocket and AI company rose about 11% to $126.82 in early trading. Despite the week’s rebound, SpaceX shares remain well below their post-listing highs.
Micron Technology MU shares fell more than 1.8% on Friday as investors weighed fresh investment plans from South Korean memory chip maker SK Hynix alongside a more cautious outlook for memory pricing from Citi. The memory-chip maker has declined about 9% over the past month, although the stock remains up more than 660% over the
Tesla stock (NASDAQ: TSLA) closed 2% lower at $319.53 on Thursday as Elon Musk revealed the extraordinary scale of the company’s next industrial gamble. Tesla and SpaceX will initially invest $16.8 billion in Terafab, a 100-million-square-foot semiconductor complex in Grimes County, Texas. The plant is designed to manufacture, package and test advanced logic and memory
Asian stocks traded cautiously on Friday, but the week exposed a widening gap between South Korea and Japan. The KOSPI slipped 0.5% and headed for a 5% weekly loss, while the Nikkei 225 fell 0.9% yet remained on course to gain 1.2%. Both markets are exposed to the AI hardware cycle, but Korea’s concentrated memory-chip
Gold climbed on Friday and headed for its strongest weekly advance since January, as a steep retreat in oil over the week eased inflation concerns and investors prepared for US employment data that could reshape expectations for the Federal Reserve’s September meeting. Spot gold rose about 0.6% to $4,262.39 an ounce in early trade, taking
Crude oil price jumped for the third consecutive day, with Brent hitting a high of $83.75, up by 7.30% from its lowest level this week. This rebound happened after China boosted its oil purchases and after Iran published details of the Strait of Hormuz reopening. China boosts oil purchases One reason why crude oil prices