Meta Platforms (META) shares are in the spotlight on July 17th following reports that the tech giant is in preliminary discussions to lease out its computing infrastructure to AI research lab Anthropic. The blockbuster deal rumoured to be worth up to $10 billion arrives at a time when Meta sits firmly above its major moving
AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief
Intel (INTC) and Advanced Micro Devices (AMD) shares are under immense pressure on Thursday morning, amidst what can be described as a “perfect storm”. A mix of global semiconductor panic, a significant shift in how Wall Street is viewing the AI boom, and painful company-specific realities (for INTC in particular) is hurting the chip names
OKX’s OKB token came under pressure over the past 24 hours as weakness across the cryptocurrency market weighed on major digital assets. The token slipped 2.2% to trade at $80.89, extending the broader risk-off move that also pushed Bitcoin and the wider crypto market lower. While the decline has drawn attention, it is largely tied
Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) declined in US trading on Thursday despite the company posting record second-quarter earnings and raising its long-term investment plans. The decline suggests investors may be focused on higher capital spending and the potential impact of US manufacturing expansion on margins. TSMC’s US-listed shares fell more than 2.2%, while
Nvidia stock (NVDA) fell 2.5% on Thursday, tracking a broader decline in semiconductor stocks, even as the company announced new artificial intelligence partnerships and products aimed at expanding its presence in Japan. The stock traded at $207.27 in midday trading, broadly in line with the wider chip sector. The PHLX Semiconductor Index was also down
SpaceX (SPCX) shares extended their recent decline on Thursday, falling about 2% to around $132. The fall today came as investors weighed the company’s premium valuation, a sharp increase in short selling, and the prospect of a significant increase in shares available for trading following its first quarterly earnings report. The stock entered Thursday down
AtaiBeckley (ATAI) shares are ripping higher on Thursday morning after pharmaceutical giant Eli Lilly (LLY) said it will acquire the clinical-stage biotechnology firm for up to $3.8 billion. Lilly has agreed to pay $6.75 a share in cash upfront ($2.8 billion) – with an additional $2.5 a share in contingent value rights (CVRs) tied to
SpaceX has become one of Wall Street’s biggest targets for short sellers just weeks after completing the largest initial public offering in history, as investors increasingly bet that the Elon Musk-led company’s blockbuster valuation could come under pressure. The stock briefly slipped below its $135 IPO price on Wednesday before recovering to close at $135.27,
Salesforce stock has plunged by more than 50% from its December 2024 peak as concerns about its growth outlook have intensified. Its market capitalization has fallen from more than $347 billion to about $136 billion, and the selloff could continue as investors remain concerned about the company’s strategy and long-term growth prospects. Salesforce stock has