The Super Micro Computer (NASDAQ: SMCI) stock price extended its rally on Friday as the artificial intelligence supercycle gained momentum. It jumped to $48, its highest point since November 25, up by 145% from its lowest point this year. This rally may continue soon as the Supermicro stock nears a…
Asian stocks continued their uptrend today, May 19, as investors adopted a risk-on sentiment amid hopes of a deal between the US and Iran. In Japan, the blue-chip Nikkei 225 Index soared by 2.30% to a record high of ¥66,120. It has soared by 31% this year.In Hong Kong, the…
Wipro shares rose 4% on Friday after the Indian IT services company expanded its partnership with ServiceNow, signalling a deeper push into agentic artificial intelligence for enterprise clients.The Bengaluru-based company said it would work with the US software provider to deploy agentic AI workflows across core business functions. The announcement…
The biggest Chinese technology companies are underperforming the market despite the ongoing artificial intelligence boom. Xiaomi stock has plunged by 30% this year, while Tencent and Alibaba have dropped by 27% and 13%, respectively. They have suffered steeper declines from their highest points last year. Xiaomi, which is widely seen as…
Nvidia (NASDAQ: NVDA) is deepening its push into photonics, the light-based technology that could become the next big battleground in artificial intelligence infrastructure.The company has spent the past two months striking deals with suppliers that make the lasers, optical components and fibre connections needed to move data inside massive AI…
European shares moved higher on Friday and were on track to finish the month in positive territory as investors responded to expectations that a proposed agreement aimed at extending the Middle East ceasefire and restoring shipping through the Strait of Hormuz could soon be finalised. The deal also did not…
SpaceX is expected to make its Nasdaq debut on June 12 in what could become the largest initial public offering in history.The company is targeting a valuation of about $1.8 trillion, with the proposed ticker SPCX and an unusually large retail allocation.That alone would be enough to stir a market…
Western Digital stock (NASDAQ: WDC) has quietly became one of Wall Street’s strongest AI-storage trades this year.While Micron remains the obvious name for investors chasing the memory boom, Western Digital has staged a sharper and less discussed turnaround.The hard-drive maker’s stock is up roughly 200% in 2026, recently trading near…
Some Japanese financial institutions have been granted access to OpenAI’s GPT-5.5 model to help strengthen their defences against cyberattacks, Japanese Finance Minister Satsuki Katayama said on Friday.Katayama described the development as a significant advancement for Japan’s financial sector following a meeting in Tokyo with Jason Kwon, OpenAI’s chief strategy officer.Government…
US stock index futures were little changed on Friday after Wall Street closed at record highs in the previous session, with investors awaiting details on reports that Washington and Tehran had agreed to extend a ceasefire. The deal still requires approval from President Donald Trump. The S&P 500 was on…