Zcash (ZEC) has returned to the spotlight after posting another strong move alongside the broader cryptocurrency market. The privacy-focused cryptocurrency climbed 1.5% over the past 24 hours to trade at $541.07, extending its monthly gain to nearly 20% while remaining one of the strongest-performing large-cap digital assets over the past year. While the latest recovery
Alphabet Inc. (GOOGL) will report second-quarter earnings on Wednesday after the closing bell, with investors closely watching whether the Google parent can justify its growing investments in artificial intelligence amid delays to a key AI model and intensifying competition. As the first of the “Magnificent Seven” technology companies to report earnings this season, Alphabet’s results
Jito’s latest product launch has put fresh attention on the JTO token at a time when sentiment across the cryptocurrency market is improving. The protocol has introduced JTX, a self-custodial trading platform built for Solana assets and tokenised real-world assets, adding a new business line beyond its well-known liquid staking and MEV infrastructure. https://twitter.com/jtx_trade/status/2079586859529777388?s=20 Following
Tesla (TSLA) shares are inching higher ahead of the company’s second-quarter earnings scheduled to be released after market close on Wednesday, July 22nd. Consensus is for the EV specialist to post a nearly 15% year-on-year increase in earnings per share (EPS) to $0.31 on revenue of at least $25.7 billion – which would represent a
Micron Technology Inc. (MU) shares surged 12% on Tuesday after Bank of America argued that the rapid emergence of low-cost, open-source Chinese artificial intelligence models could increase, rather than reduce, demand for memory chips. The rally came ahead of a key week for the technology sector, with investors awaiting earnings from Alphabet and other major
Palo Alto Networks Inc. (PANW) is emerging as one of Wall Street’s preferred cybersecurity plays as concerns over increasingly powerful artificial intelligence models drive demand for security products and services. The view follows comments from International Business Machines (IBM), which said last week that enterprise customers are placing greater emphasis on cybersecurity as more advanced
US stocks closed sharply higher on Tuesday, led by a strong rebound in semiconductor shares as investors looked past geopolitical tensions in the Middle East and focused on the upcoming wave of Big Tech earnings reports. The Dow Jones Industrial Average rose 384.46 points, or 0.74%, to close at 52,223.72. The S&P 500 gained 0.86%
Novo Nordisk has filed a lawsuit against Eli Lilly (LLY) in a US federal court, accusing its rival of running false and misleading advertising campaigns for its blockbuster diabetes and weight-loss drugs. The lawsuit, filed Tuesday in the US District Court for the District of New Jersey, alleges that Eli Lilly and Lilly USA violated
US-listed shares of Taiwan Semiconductor Manufacturing Co. rose nearly 4% in pre-market trading on Tuesday after a report said the world’s largest contract chipmaker has finalized plans to increase chipmaking prices next year. According to a Nikkei Asia report, TSMC has completed discussions with customers on base-price increases ranging from 5% to 10% for both
Celestica stock has moved into a bear market, mirroring the performance of other artificial intelligence (AI) companies. CLS dropped to $307 in New York, down by over 35% from its highest level this year. This retreat will be put to the test when the company publishes its financial results next week. Celestica stock in focus