SpaceX is just days away from making stock market history. Elon Musk’s rocket, satellite, and artificial intelligence company is expected to begin trading on Nasdaq on June 12 after pricing its initial public offering the day before. With a targeted fundraise of $75 billion and a valuation approaching $1.8 trillion, the offering is set to
Shares of Intel Corp. and Advanced Micro Devices extended their declines on Friday as a sharp selloff across semiconductor stocks gathered pace, with investors continuing to react to Broadcom’s weaker-than-expected artificial intelligence outlook. The broad-based retreat came after Broadcom’s fiscal second-quarter earnings report, which beat headline expectations but failed to meet the market’s lofty hopes
For nearly three years, JPMorgan wore its Tesla (TSLA) pessimism as a badge of conviction; this morning, that conviction quietly folded. In a research note on Friday, analyst Rajat Gupta – who took over TSLA coverage from long-time JPM auto expert Ryan Brinkman just weeks ago – upgraded the EV stock to “neutral”. Gupta also
Shares of Micron Technology and SanDisk came under heavy selling pressure on Friday as a broad retreat in semiconductor stocks gathered pace. Investors reassessed the outlook for artificial intelligence-related names following Broadcom’s latest earnings report and a stronger-than-expected US jobs report. The weakness extended a sharp sector-wide pullback that began after Broadcom issued fiscal third-quarter
Shares of Meta Platforms fell sharply on Friday after a report suggested the social media giant is exploring a potential multibillion-dollar stock offering to help finance its growing artificial intelligence ambitions. META shares dropped more than 5% during the session, with losses accelerating after the Financial Times reported that the company is considering raising tens
US stocks closed sharply lower on Friday as a broad selloff in semiconductor shares and a stronger-than-expected jobs report sparked concerns that the Federal Reserve could maintain a hawkish stance on interest rates. The technology-heavy Nasdaq Composite fell more than 4%, marking its largest one-day decline since the tariff-driven market turmoil of early 2025. The
Top US stock indices like the Nasdaq 100, S&P 500, and the Dow Jones are falling today, continuing a sell-off that started on Thursday. QQQ, which tracks the Nasdaq 100 Index, retreated to $708, down by 5.4% from its highest point this year. Similarly, the VOO and SPY ETFs have dropped by nearly 3% from
The Iran war is becoming a bigger problem for household finances. What began as a geopolitical shock has turned into a direct cost-of-living issue, hitting fuel, borrowing costs, investments and grocery bills at the same time. The April ceasefire was meant to cool markets, but tensions around the Strait of Hormuz and stalled negotiations have
The 2026 FIFA World Cup kicks off June 11 in North America – the “largest edition” in tournament history, with 48 teams, 104 matches, and 16 host cities spread across the US, Mexico, and Canada. The economic footprint is enormous, and for equity investors, the question isn’t whether money will be made – it’s who
As the race to build ever more powerful artificial intelligence systems accelerates, one of the industry’s leading players is urging the world to consider a possibility that until recently belonged largely to science fiction: machines improving themselves without human intervention. Anthropic, the AI company behind Claude, said on Thursday that the ability to slow the