SpaceX’s (SPCX) valuation has been in the spotlight ever since its historic June 12th initial public offering (IPO) that tagged a market cap of nearly $2 trillion on the space infrastructure and AI titan. And while many believe the company is trading at a stretched multiple, Brian Gesuale, a Raymond James analyst, issued a contrarian
Adobe Inc. (ADBE) shares rose about 4.6% on Tuesday even after Bank of America reinstated coverage of the software company with an Underperform rating. The brokerage argued that generative artificial intelligence is weakening Adobe’s competitive position despite the stock trading near the lower end of its historical valuation range. Bank of America set a price
Bitcoin has slipped back below $64,000 after Monday’s rebound stalled near $64,500, as long liquidations and pre-Fed caution added pressure. According to market data from CoinGecko, Bitcoin climbed back above $64,000 after recovering from Monday’s selloff but failed to extend gains beyond roughly $64,529 before retreating toward the $63,200 area, where another wave of long
The NZD/USD exchange rate pulled back a bit on Tuesday, reacting to more weak US macro data, and as traders refocused on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision. It retreated to 0.5693 from last week’s high of 0.5725. RBNZ expected to hike interest rates The New Zealand dollar, commonly known
Silver’s four-day rebound ran into a familiar problem on Tuesday: oil. The white metal fell back towards $61 an ounce as reports of fresh attacks on commercial shipping near the Strait of Hormuz revived concerns that energy prices could climb again. For silver, the issue is not only geopolitical risk. A stronger oil market can
DEXE price has climbed to a multi-year high after strong buying pressure, rising on-chain activity, and improving market sentiment combined to extend the token’s recent rally. According to CoinGecko data, DEXE rose above $28 on July 6 before easing slightly to trade near $27.7, leaving the governance token up more than 10% over the past
British house prices increased by 0.2% in June, marking the first monthly rise in four months, while annual growth accelerated slightly to 0.6%, according to data released by mortgage lender Lloyds on Tuesday. The latest figures showed that the average UK property price reached £299,330 during the month. The increase follows several months of weaker
Micron stock price has plunged and entered a local bear market after falling by over 22% from its all-time high. It slipped to $975 on Thursday, its lowest level since June 11, after a series of negative news. So, is this the start of a new downtrend or just an overreaction? Micron stock dived after
US stocks opened higher on Monday, with the S&P 500 and Nasdaq looking to extend last week’s rally. Investors welcomed a rebound in semiconductor shares while preparing for the release of Federal Reserve meeting minutes and the start of the second-quarter earnings season later this week. The Dow Jones Industrial Average gained 83 points as
Sandisk stock price has suffered a harsh reversal recently as the recent bull run hits a wall. SNDK dropped by 14% on Friday, reaching its lowest level since June 11. It has now slumped by 25% this year, even as top Wall Street analysts have maintained their bullish outlook. Top analysts are bullish on Sandisk