Bitcoin price has held steady in the past few months, and is holding near a record high as demand remains high. The coin was trading at $101,760, which is about 570% from its lowest point in 2022, making it the best-performing major asset. Bitcoin demand and supply dynamics All signs…
The “Magnificent Seven” group of megacap tech companies reached an unprecedented milestone as their collective valuation exceeded $18 trillion. According to Dow Jones Market Data, their combined worth now surpasses the gross domestic product (GDP) of every country in the world, excluding the United States and China. This incredible valuation…
Broadcom Inc (NASDAQ: AVGO) chief executive Hock Tan says the company has secured two new hyperscale customers for its custom AI chips. The announcement follows a report that AVGO is working with Apple Inc on a custom chip. So, it’s conceivable that one of the new customers CEO Tan talked…
Evgo Inc (NASDAQ: EVGO) is up 10% in premarket on Friday after securing a $1.25 billion guaranteed loan facility from the US Department of Energy (DOE). Evgo will use this loan to set up another 7,500 fast-charging stalls across the United States. Following the buildout, the company will have a…
Affirm Inc (NASDAQ: AFRM) opened in the green this morning after private-credit firm Sixth Street agreed to buy up to $4 billion worth of its consumer installment loans. The transaction marks largest-ever capital commitment for the buy now, pay later company. Sixth Street has signed a “forward-flow agreement” with Affirm,…
Micron stock price will be in the spotlight as it publishes its final quarterly results next week. These numbers will come at a time when the MU share price has crashed by about 35% from the year-to-date high, moving it into a deep bear market. Micron stock braces for earnings…
SoundHound stock price has gone parabolic this month and is nearing its all-time high as demand for its solutions rise. SOUN was trading at $17, its highest point since May 2022, and 1,040% above its lowest level this year. This rebound has pushed its market cap to over $6 billion.…
Few could have predicted the remarkable market performance in 2024. Starting the year with low equity valuations, recessionary warnings, and cautious investor sentiment, the stage seemed set for challenges. Yet, a steady stream of interest rate cuts by the Federal Reserve, along with growing confidence in AI’s transformative potential, proved…
HSBC says emerging markets could prove to be relatively “less vulnerable” as President-elect Donald Trump proceeds with raising tariffs on foreign goods in 2025. EMs typically have better growth dynamics than the developed markets which justifies a “small overweight” in their stocks. The investment firm is particularly bullish on two…