Planet Labs (NYSE: PL) stock has been firing on all cylinders and has continued to beat most companies in the space industry. It has jumped by 695% in the last 12 months and by 135% this year. In contrast, the Procure Space ETF (UFO) has soared by 51% this year and 150% in the last
Broadcom’s stock surged more than 4% in trading on Tuesday as investors reacted positively to several developments tied to the artificial intelligence sector. Market sentiment was boosted by Alphabet’s plans to raise funds for AI infrastructure, Nvidia CEO Jensen Huang’s prediction that Marvell could become the “next trillion-dollar company,” and Anthropic’s recent IPO filing. The
The US labour market showed renewed signs of strength in April, with job openings unexpectedly surging to their highest level in nearly two years, even as businesses grappled with higher energy costs and broader economic uncertainty. Data released Tuesday by the US Bureau of Labor Statistics showed that the number of available jobs climbed to
Alphabet shares (GOOGL) fell in trading after the Google parent unveiled plans to raise $80 billion through a massive equity offering, underscoring the growing financial demands of the artificial intelligence race. The stock dropped about 1.6% on Tuesday. The move came despite strong investor enthusiasm for Alphabet shares, which had gained more than 20% year-to-date
Tesla’s new car sales in Spain more than doubled in May, reflecting strong demand for the electric vehicle maker’s products in one of Europe’s key automotive markets. Registration data released by industry group ANFAC on Monday showed that Tesla sold 1,690 vehicles in Spain during May, representing a 112.8% increase compared with the same month
Bank of England Governor Andrew Bailey has signalled growing concern about public-sector wage growth as a potential source of inflation pressure, saying policymakers are paying closer attention as pay increases continue to outpace those in the private sector. In remarks published by the Financial Times on Monday, Bailey said the widening gap between public- and
Dell Technologies DELL shares extended their rally on Monday after the company unveiled its most affordable XPS laptop yet, adding fresh momentum to a stock already boosted by record earnings and growing demand for artificial intelligence infrastructure. The company introduced the new XPS 13 on Sunday, positioning it directly against Apple’s MacBook Neo in the
Arm Holdings shares soared in premarket trading on Monday after investors cheered the information that Nvidia’s new artificial intelligence-focused personal computer chip relies on Arm-based technology. The British semiconductor intellectual property company rose more than 11% before the opening bell, extending a remarkable rally that has already seen its shares more than triple in value
US stocks opened in the red on Monday as investors balanced renewed optimism around artificial intelligence against rising geopolitical tensions in the Middle East, while oil prices climbed following fresh developments involving Iran. The S&P 500 slipped 0.2%, while the Nasdaq Composite fell 0.1%. The Dow Jones Industrial Average was down 132 points, or 0.26%
India is expected to discuss Washington’s Section 301 investigation and potential tariff measures with US trade officials this week as both countries work toward finalising a trade agreement. A US delegation led by chief negotiator Brendan Lynch is scheduled to hold three days of discussions with Indian trade officials in New Delhi beginning Tuesday. The