Michael Burry has exited his bullish Microsoft trade and closed his remaining bearish Oracle position, but one prominent artificial-intelligence wager is still alive: Palantir stock. That decision looks provocative after Palantir shares surged nearly 30% on Tuesday following another blowout quarter. The contrast suggests Burry’s remaining bet is less about whether AI demand exists and
Cardano’s ADA token has climbed more than 7% over the past 24 hours to trade around $0.20, extending its weekly rally as traders have responded to a series of network upgrades. According to Intersect, development of Cardano’s next major protocol phase, the Dijkstra era, has officially started following the successful activation of the Van Rossem
Hiring at US private companies slowed sharply in July, with healthcare accounting for the bulk of new jobs as employers adopted a more cautious approach to recruitment amid shifting economic conditions. According to payroll processing firm ADP, private nonfarm employment rose by a seasonally adjusted 44,000 jobs during the month, falling well short of economists’
US stocks opened higher on Wednesday as investors balanced optimism over a potential diplomatic breakthrough in the Middle East against disappointing market reactions to earnings from SpaceX and Advanced Micro Devices (AMD). The Dow Jones Industrial Average rose about 0.76%, while the S&P 500 gained 0.59%. The Nasdaq Composite added roughly 0.41%, following a strong
Cisco Systems stock is in a strong bull run this year and is the best-performing company in the Dow Jones Index. It has jumped by 60%, beating other top companies like Caterpillar, Travelers, Chevron, and Coca-Cola. This surge happened as the company became a major provider of AI infrastructure solutions. Cisco Systems’ business is booming
The New York Times NYT shares fell more than 12% in trading on Wednesday after the publisher reported slower-than-expected digital subscriber growth for the second quarter and issued a weaker-than-anticipated outlook for digital subscription revenue. The media company added about 280,000 net digital-only subscribers during the quarter, below analysts’ average estimate of 295,300 compiled by
Nvidia stock (NVDA) rose sharply on Wednesday after Elon Musk said SpaceX would build its artificial intelligence infrastructure exclusively around Nvidia’s processors. The stock climbed 4.6% to about $221 in early trading. The gains also came as rival Advanced Micro Devices looked set for a weaker session, with its shares falling more than 5% in
Eli Lilly stock LLY gained 6% on Wednesday after delivering a stronger-than-expected second quarter as robust demand for its blockbuster GLP-1 medicines Mounjaro and Zepbound lifted revenue and profit well above Wall Street expectations. This has prompted the drugmaker to raise its full-year revenue outlook. The company reported adjusted earnings per share of $8.38, comfortably
Broadcom stock has jumped to its highest level since June 4 as investors buy the dip in technology companies. AVGO jumped to $418, up by 17% from its lowest point in July and 45% above the year-to-date low. This article explains why the stock will continue rising and possibly move above the year-to-date high of
World Chain has announced the launch of full block access lists, becoming the first production Layer-2 blockchain network to stream EIP-7928 block access lists within every flashblock. The feature is scheduled to go live on World Chain Mainnet on Aug. 17 and is designed to improve transaction throughput without increasing hardware requirements for validators. According