Advanced Micro Devices (AMD) shares rose on Wednesday after Chief Financial Officer Jean Hu outlined an expanding artificial intelligence opportunity and said the company expects its data center business to double in 2027. The bullish outlook has also prompted analysts to raise their price targets, while Bank of America data showed increasing institutional ownership of
Apple unveiled its iPhone 18 Pro models and foldable iPhone Duo as part of its annual product launch, with the new devices carrying higher prices. Brent crude prices climbed above $100 a barrel as renewed Middle East hostilities heightened concerns about energy supplies and inflation. Bitcoin struggled below $80,000 as rising oil prices and a
US stocks fell for a third straight session on Wednesday as rising oil prices and Treasury yields added to investor concerns over inflation and the Federal Reserve’s interest-rate path. The Dow Jones Industrial Average dropped 405.41 points, or 0.77%, to 52,380.66. The S&P 500 fell 0.48% to 7,636.36, while the Nasdaq Composite declined 0.64% to
Solana is down 2% on Tuesday and is now trading around $102. However, several large derivatives traders are betting that the cryptocurrency will resume its recent uptrend. Five whale addresses on Hyperliquid opened a combined $9.11 million in SOL long positions between September 7 and September 8, according to CoinGlass data. The positions come ahead
Bloom Energy stock BE rose 8% on Tuesday after the company was selected for inclusion in the S&P 500, adding another potential catalyst for the energy company as demand for power solutions from artificial intelligence data centers continues to grow. S&P Dow Jones Indices announced after Friday’s market close that Bloom Energy would join the
The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few weeks as the recent rally has stalled. After peaking at $35, and becoming the biggest dividend ETF, it has retreated to $34.55, and formed several bearish patterns that may lead to a brief pullback in the near term. SCHD ETF technicals
PI Network has risen roughly 3% over the past 24 hours to trade near $0.097 on Sept. 8, putting the token within reach of $0.10 as its Protocol 27 mainnet upgrade approaches. Coingecko price data puts PI at roughly $0.097, with the token trading between $0.0937 and $0.0969 over the past day. PI has gained
Nvidia stock fell about 1.5% on Tuesday to around $227, taking a breather after three consecutive sessions of gains as broader markets came under pressure from rising oil prices and renewed Middle East tensions. The pullback was notable because several major semiconductor stocks moved higher. Intel surged more than 8% after Northland Capital Markets analyst
Intel stock surged 8% on Tuesday after a report said that the chipmaker is considering a 10% increase in prices for its central processing units (CPUs) starting in early October. The potential price increase was reported by Taiwan-based technology publication DigiTimes, which cited unnamed sources. The move would continue a series of price increases that
Astera Labs stock has remained under pressure in the past few months, moving from the year-to-date high of $498 to the current $300. It has crawled back this month, and this recovery will likely continue in the coming months as demand for its products continues rising. Astera Labs’ business is growing Astera Labs is a