Nvidia NVDA shares rose over 3% at market open on Monday after the chipmaker unveiled a record $150 billion share buyback, underscoring the extraordinary cash generation being driven by the artificial intelligence boom. The share received a boost despite broader markets remaining weak over rising oil prices and bond yields, with the 10-year Treasury yield
The Dow Jones Industrial Average fell 336 points to 51,492.19 in early trading on Monday as higher oil prices and Treasury yields pressured stocks. Nvidia bucked the weakness, jumping more than 3% after announcing the largest increase to a share buyback authorization on record. The S&P 500 slipped 0.50% to 7,704.53, and the Nasdaq Composite
The Roundhill Memory ETF (DRAM) heads into the week with a big catalyst ahead: Micron’s earnings. Micron is the fund’s largest holding, and the report should show whether growth across the memory industry is holding up. DRAM closed last week at $61.91, more than double its all-time low but about 24% below its all-time high
Strategy stock (formerly known as MicroStrategy) MSTR fell 0.75% on Monday after the Bitcoin treasury company disclosed another purchase of 1,665 BTC for approximately $142.7 million. According to a Form 8-K filing with the Securities and Exchange Commission, Strategy acquired the Bitcoin between Sept. 21 and Sept. 27 at an average price of $85,681 per
Crude oil price will be in the spotlight on Monday as traders react on the new developments in the US-Iran war. Brent, the global benchmark, has dropped to $97.6, down modestly from this month’s high of $109.96. West Texas Intermediate (WTI) ended the week at $92 as traders reacted to signs of a potential deal
US companies have been delivering one of the strongest earnings seasons in years, but the market response has exposed a problem for anyone still treating a quarterly beat as the main event. By early August, 86 percent of S&P 500 companies that had reported second quarter results had exceeded earnings estimates, according to FactSet. That
Anthropic is reportedly targeting a November Nasdaq listing at a valuation investors are discussing near $2 trillion. That figure would more than double the $965 billion post-money valuation set in the company’s May 2026 Series H round, and it would make Anthropic’s IPO the largest by valuation, eclipsing SpaceX’s reported $1.77 trillion debut earlier this
Anthropic is reportedly targeting a November Nasdaq listing at a valuation investors are discussing near $2 trillion. That figure would more than double the $965 billion post-money valuation set in the company’s May 2026 Series H round, and it would make Anthropic’s IPO the largest by valuation, eclipsing SpaceX’s reported $1.77 trillion debut earlier this
Speaking this morning with CNBC, former Bridgewater Associates chief investment strategist and Council on Foreign Relations senior fellow Rebecca Patterson delivered a firm market assessment, doubling down on her cautious stance toward 10-year Treasury bonds. Reiterating her advice against buying the benchmark 10-year note, Patterson warned that fixed-income markets have undergone a fundamental shift. While
India’s 158-year old Tata Group is facing an unusually public battle over control, strategy and governance as the board of Tata Sons, the group’s principal investment holding company, finds itself at odds with the Tata Trusts, which control the company. The dispute, involving Tata Sons chairman N Chandrasekaran and Tata Trusts chairman Noel Tata, has