Opendoor stock crashed to its lowest level since August 11 as concerns about its growth in a high mortgage environment continued. It slipped to $2.65, down by 75% from its highest point last year. Soaring mortgage rates are hitting its business The housing market in the US is facing substantial challenges this year as mortgage
Anthropic’s confidential June S-1 filing has set up what could be the year’s defining public offering, with Reuters reporting a target listing window in mid-October. Goldman Sachs, Morgan Stanley, and JPMorgan are leading the offering, while Chief Financial Officer Krishna Rao has been holding early investor meetings. Private chatter floats valuation numbers approaching $2 trillion
Gold and silver rose in trading Wednesday as falling oil prices and a small dip in bond yields offered some relief ahead of the Federal Reserve’s rate decision later in the day. Gold traded at $4,352.18, up 1.3%, while silver rose 1.56% to $64.63. Fed decision is today’s main event The Fed is expected to
TELUS stock remains in a strong freefall this year, and is hovering at its lowest level since April 2017. It has dropped from the record high of $25.6, which it reached in April 2022, to the current $12.6. This retreat has seen its market capitalization has dropped from over $45 billion to $20.4 billion today.
Dell Technologies shares DELL rose more than 5% in trading on Wednesday as Goldman Sachs raised its forecast for the global server market, highlighting continued expectations for strong growth in artificial intelligence infrastructure. Goldman Sachs now expects the overall server market to reach $1.5 trillion by 2030, representing a compound annual growth rate (CAGR) of
Joby Aviation stock remains in a freefall this week and is hovering at its lowest level since May 2025. It slipped to $6.30, down more than 70% from its high last year, with its valuation falling from over $17.4 billion to $6.2 billion today. This retreat may continue, even as the company’s commercialization nears. Joby
Bank of America (BAC) shares were in focus on Tuesday after the financial services firm issued disappointing guidance for its fiscal Q3. Speaking at the Barclays Global Financial Services Conference, CEO Brian Moynihan said BAC’s investment banking fees and trading revenue will fall notably short of the solid growth seen earlier this year. Bank of
Meta Platforms’ stock META has been caught between enthusiasm over its artificial intelligence ambitions and concerns about the enormous cost of funding those efforts. The latest rebound is giving bulls fresh reason to believe the company could finally be approaching a sustained breakout, Bloomberg reported, although analysts remain divided over whether the rally can last.
Top neocloud companies have dropped sharply this year, even as their revenue growth continues. CoreWeave, the pioneer of the industry, slipped to $87, down sharply from its all-time high of $186. This retreat has pushed its market capitalization from over $88 billion to $49 billion today. Nebius stock slipped to $224 from the year-to-date high
Wall Street’s main indexes opened lower on Monday as a selloff in major AI and semiconductor stocks added to pressure on US equities. The decline followed calls from senior artificial intelligence executives for a slower pace of AI development amid growing safety concerns. The Dow Jones Industrial Average declined 153 points. The S&P 500 fell