Sandisk forecasts upbeat quarterly revenue on AI-driven demandSandisk anticipates higher quarterly revenue, fueled by robust demand for AI data center memory chips. The company is now prioritizing long...
Global Market Today: Asian stocks drop as AI rally pauses, oil dipsAsian markets experienced a dip on Thursday as Wall Street's recent tech surge showed signs of slowing down. Crude oil prices also fell sli...
South Korea’s Kospi climbs 5%, extending two-day rebound: 3 reasons fueling the rally after July selloffSouth Korea's KOSPI surged over 5% on Wednesday, extending its two-day recovery to 7% following a heavy July selloff. The rally was fueled ...
US stocks: Dow closes at record high on Iran talks optimismUS stocks opened August with strong gains, pushing the Dow Industrials to a record closing high. Easing oil prices and Treasury yields supp...
US stocks: US market starts the month strong as Mideast deal hopes riseMajor US stock indexes opened higher on Monday. De-escalating Middle East tensions helped drag down crude oil prices. Investors are now pre...
AI isn’t a catch-all trade for stocks in this earnings seasonInvestors are becoming more selective about AI-linked stocks, rewarding companies such as Microsoft and Amazon for showing clear returns fr...
AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in daysAschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, ...
Ex-OpenAI employee's hedge fund Situational Awareness hit by AI stock rout; seeks fresh fundingSituational Awareness hedge fund is seeking new capital after significant losses. The fund experienced heavy declines as artificial intelli...
US stocks: US market ends sharply higher, lifted by soaring MicrosoftWall Street surged on Thursday, led by chip stocks and Microsoft's strong forecast. Microsoft's forecast eased investor concerns about mass...
Vertiv shares crash 14% in pre-market after Q2 revenue misses estimatesVertiv shares fell 14% in premarket trading after second-quarter revenue missed estimates despite strong profit growth. The AI data centre ...
Global Market Today: Oil jumps on renewed Middle East tension, US stock futures dipCrude oil prices surged and US equity futures declined following renewed Middle East conflict. American crude oil jumped nearly five percen...
Nasdaq 100 heads for correction as AI worries rattle investorsThe benchmark reached the correction threshold in just 38 trading days, versus more than 100 sessions during its previous decline.
SanDisk Selloff Explained: Why investors are moving away from the memory chip giant
TCS, Infosys, Coforge, other IT stocks rally up to 10% after Nvidia-led chip rout. Is AI trade ending?Indian IT stocks rallied on Tuesday, with TCS, Infosys, HCL Tech, Wipro, Coforge and Tech Mahindra gaining despite a global sell-off in AI-...
Global Market Today: Asian stocks fall on AI jitters, oil extends dropAsian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent s...
Global Market: AI-driven chip rally stumbles as investors question lofty valuations after sharp selloffGlobal artificial intelligence stock rallies experienced a sharp setback last week. Investors are now reassessing expectations surrounding ...
Why SanDisk stock plunged despite Wall Street's bullish outlookSanDisk shares tumbled over 12% amid profit-booking and weakness in semiconductor stocks. Despite the decline, analysts remain bullish, cit...