Tesla stock (TSLA) jumped on Monday as investors looked ahead to the company’s second-quarter delivery report later this week, while fresh comments from Chief Executive Elon Musk provided an additional boost to sentiment. The stock rose around 4% in early trading to $396.64, recovering some ground after a difficult week for the electric vehicle maker.
Marvell Technology could have more room to run after its sharp rally this year. UBS became the latest brokerage to turn more bullish on the semiconductor company as artificial intelligence infrastructure spending accelerates demand for next-generation connectivity products. The brokerage raised its price target on Marvell to $340 from $230, implying roughly 27.5% upside from
Alphabet GOOG shares rose 4.1% in trading on Monday as the Google parent began its first trading session as a member of the Dow Jones Industrial Average, replacing Verizon Communications in the 30-stock benchmark. The index change, announced last week, marks a milestone for Alphabet. However, because the Dow is a price-weighted index rather than
PancakeSwap’s native token, CAKE, continues to face selling pressure despite several positive developments across its ecosystem. The token traded at $1.32 at the time of writing, down 1.8% over the past 24 hours, while extending its weekly decline to 4.9%. Over the past year, CAKE has lost 41.6% of its value, highlighting the broader bearish
Chip stocks including Intel (INTC), Advanced Micro Devices (AMD), and Arm Holdings (ARM) opened in the red this morning mostly due to technical quarter-end positioning. Amidst a lack of fresh positive catalysts, lingering earnings pressure and macroeconomic caution are also adding to the weakness in these semiconductor names on Jun. 29. That said, INTC,
Ripple has reported a sharp increase in tokenised assets issued on the XRP Ledger, highlighting growing institutional interest in blockchain-based financial products even as XRP continues to face pressure in the broader cryptocurrency market. The value of tokenised real-world assets (RWAs) on the XRP Ledger rose from about $5 million at the start of 2025
Apple Inc. (AAPL) shares have come under pressure after the company raised prices on several MacBook and iPad models. But some Wall Street analysts believe the pullback could present a buying opportunity as the company leverages its pricing power and loyal customer base. Apple stock fell 6.1% on Thursday after the company announced price increases
The Dow Jones Industrial Average and the broader US stock market closed lower on Friday as investors continued rotating out of technology and semiconductor stocks while shifting into more defensive sectors such as healthcare, consumer staples, and utilities. The S&P 500 slipped 0.27% to close at 7,337.68, while the Nasdaq Composite fell 0.48% to 25,236.88.
The artificial intelligence boom has long been pitched as a transformative force that would boost productivity and eventually lower costs across the economy. But this week, investors were confronted with a less discussed consequence of the AI race: higher prices. Apple and Microsoft both announced product price increases on Thursday, citing soaring costs for memory
A growing chorus of China’s most influential hedge fund managers is sounding the alarm on what they describe as a dangerously overheated global AI trade. After an explosive run-up in semiconductor and model‑development stocks from Seoul to Silicon Valley, several of Beijing’s money managers now argue the rally has detached from fundamentals – and that