Gold has dropped below $4,000 an ounce, but Wall Street is not giving up on every corner of the gold trade.Spot bullion slipped to a seven-month low near $3,981, pressured by a stronger US dollar and rising expectations that the Federal Reserve may keep rates higher for longer.That is usually…
Qualcomm has set out an ambitious growth target for its data centre business, forecasting $15 billion in sales from the segment by 2029 as it accelerates efforts to diversify beyond its core smartphone chip business.At an investor presentation, Qualcomm Chief Financial Officer Akash Palkhiwala stated that the company anticipates its…
Amazon has announced plans to invest an additional $13 billion in India to expand its artificial intelligence and cloud infrastructure, taking its total planned investment in the country to $48 billion between 2026 and 2030.The fresh commitment builds on the company’s previously announced $35 billion investment across its India businesses…
A blockbuster earnings report from Micron Technology (NASDAQ: MU) breathed fresh life into the artificial intelligence trade on Thursday, sending semiconductor stocks surging globally and temporarily easing investor concerns over stretched valuations and the enormous costs associated with building AI infrastructure.Micron shares rose 16% in premarket trading after the company…
London’s main FTSE indexes moved higher on Thursday, supported by strong updates from financial and retail companies, while investor attention also turned to renewed takeover interest in easyJet.The blue-chip FTSE 100 rose 0.3% by 0901 GMT.The midcap FTSE 250 climbed 0.7%.Both indexes were on track to record one-week highs, reflecting…
International Consolidated Airlines Group (IAG) and Rolls-Royce (RR) shares have gone parabolic this month. IAG jumped to 488p, its highest point since 1997, bringing its year-to-date gains to 14.5%. Rolls-Royce share price jumped to a record high of 1,532p before pulling back to 1,426p. It has jumped by 23% this year,…
Wall Street looked ready to give the AI trade another chance on Thursday, but the recovery came with a warning label. Nasdaq futures jumped after Micron and Qualcomm delivered the kind of demand signals investors had been waiting for after a bruising selloff in chip shares. The message was simple:…
The Roundhill Memory ETF (DRAM) stock price dropped sharply this week as investors waited for the financial results of one of its biggest constituent companies. It also reacted to a new report about SK Hynix, the second-biggest company in South Korea. It was trading at $70 on Wednesday, a few…
Zeta Global stock price jumped on Tuesday after the company intensified its pivot towards artificial intelligence (AI) by partnering with Palantir Technologies. It jumped to $20.50, and then pared back some of those gains to close at $19.50. So, will this partnership boost ZETA shares in the near future?Zeta Global…
South Korea’s Kospi Index jumped by over 5% on Thursday, and is slowly nearing its all-time high of 9,387. It has soared by 184% in the last 12 months, making it the best-performing global index. Similarly, the iShares MSCI South Korea ETF (EWY) has soared by 171% in the same…