SoFi stock has rebounded in recent weeks, climbing from its year-to-date low of about $15 to around $19 today. Even so, the shares remain roughly 42% below their all-time high. CEO Anthony Noto has attributed much of the weakness to the broader pullback in fintech stocks. With the company’s earnings due later this month, the
Chainlink (LINK) continued its recovery on Friday, trading above $7.90 after posting modest gains in the previous session. The token is benefiting from renewed institutional interest and expanding adoption of its cross-chain technology, helping improve investor sentiment despite broader market uncertainty. Growing inflows into spot Chainlink exchange-traded funds (ETFs), combined with new ecosystem integrations involving
Uniswap (UNI) surged by nearly 5% on Friday, extending its recovery for a third consecutive session as the decentralized exchange (DEX) continues to benefit from rising on-chain activity and growing trader confidence. The token remains comfortably above its 50-day Exponential Moving Average (EMA), while increasing stablecoin trading volume and stronger derivatives activity point to improving
OpenAI and Google have confirmed that they supplied advanced artificial intelligence services to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, companies that the US government has accused of having links to China’s military. The disclosures have renewed debate over whether Washington should tighten export controls on advanced AI models in addition to restrictions on semiconductor
Vodafone shares jumped nearly 13% on Friday. The surge came after UAE telecom operator e& agreed to sell its entire stake in the British telecom company. The buyer is Vega, an investment vehicle wholly owned by the family group of French billionaire Xavier Niel. The deal is valued at nearly $6 billion. Under the binding
SK Hynix’s American depositary shares are set to make their Nasdaq debut after the South Korean memory-chip giant priced 177.9 million ADSs at $149 each, raising about $26.5 billion. Each ADS represents one-tenth of a Seoul-listed common share, giving US investors direct access to one of the biggest beneficiaries of the AI infrastructure boom. The
US stock futures were mixed on Friday as investors paused after a chip-led rally and turned their attention to SK Hynix’s Nasdaq debut. Dow futures edged higher, but S&P 500 and Nasdaq 100 futures slipped as memory-chip stocks pulled back in premarket trading. The listing of South Korea’s SK Hynix is a major test of
Circle shares surged in premarket trading on Friday after the stablecoin issuer announced it had received final regulatory approval from the US OCC to establish a national trust bank. At the time of writing, Circle shares were up 13.33% in premarket trading. The regulatory approval allows the company to act as custodian for its own
London’s FTSE 100 edged higher on Friday, supported by strong gains in Vodafone and easyJet following major corporate developments. However, renewed tensions in the Middle East continued to weigh on investor sentiment, limiting broader market gains. The blue-chip FTSE 100 index rose 0.08% to 10,480.31 points by 1053 GMT. Meanwhile, the mid-cap FTSE 250 gained
SK Hynix’s blockbuster US listing is already spawning a new wave of leveraged investment products, with several exchange-traded fund issuers preparing to launch products tied to the South Korean memory-chip maker’s American depositary receipts (ADRs), a move that analysts say could increase volatility in one of the world’s hottest AI stocks. According to a Bloomberg