Spotify Technology shares SPOT rose on Thursday after the music streaming company forecast fourth-quarter operating income above Wall Street expectations, supported by subscriber growth and investments in artificial intelligence-powered features. The stock gained 8.6% in trading, outperforming a broader market decline driven by renewed concerns about AI spending and technology valuations. Spotify reported revenue of
Bitcoin was trading above $83,000 on Wednesday, up 2.5% in the last 24 hours, as renewed buying through US spot exchange-traded funds helped strengthen its recovery. The primary catalyst behind the rally is the massive inflow into Bitcoin ETFs over the last two days. Data obtained from SoSoValue revealed that $23.16 million was recorded as
Oil prices retreated more than 2% on Wednesday after fresh data indicated that crude shipments from Gulf producers had recovered to prewar levels, although persistent attacks on commercial vessels continued to threaten the stability of energy supplies. Brent crude futures, which had climbed above $111 a barrel early in the morning, fell to $108.2 by
US stocks opened higher on Wednesday as strong quarterly results from SpaceX and Super Micro Computer supported investor appetite for artificial intelligence-related stocks, while a weaker outlook from Netflix weighed on the streaming company’s shares. The Nasdaq Composite advanced 0.57%, reflecting strength in technology and semiconductor stocks. The Dow Jones Industrial Average fell 38 points,
CoreWeave CRWV and Nebius stocks fell about 3% on Wednesday, even after comments from SpaceX executives boosted sentiment in the pre-market session. The artificial intelligence infrastructure providers have come under pressure amid concerns about debt-funded expansion and a potential glut of computing capacity. SpaceX chief Elon Musk said the company was receiving more requests for
Quantum computers already exist, but the race to make them reliably useful for demanding commercial applications has a more specific deadline: 2029, according to Quantinuum CEO Rajeeb Hazra. Speaking with CNBC on October 21st, Hazra said a breakthrough in quantum error correction strengthens the company’s confidence in delivering Apollo, its planned universal fault-tolerant computer, that
Micron faces a fresh challenge to its recovery after workers at a Taiwanese facility announced plans to strike on Thursday over a dispute about profit-sharing. The Taoyuan walkout, scheduled for 22 October, comes as the US memory-chip producer seeks to recover from a 14.6% share-price slump last week. Micron rebounded 2.97% on Monday to close
Scottish Mortgage Investment Trust (SMT) has lost momentum in the past few days as investors wait for earnings of its top companies. It dropped to 1,538p on Tuesday, down by 6.8% from its highest point this year. This sell-off will be in the spotlight as investors assess the value of Anthropic, one of its top
Solana remained above $100 following several days of selling pressure, as repeated buying around that level helped prevent a sustained breakdown. Over the past seven days, attempts to push SOL beneath the threshold were met with demand. Long lower wicks on recent daily candles reflected those recoveries, reinforcing the area’s near-term technical importance. However, SOL
Micron and SanDisk shares rose in US pre-market trading on Monday, recovering part of last week’s heavy losses as investors returned to technology stocks following a bruising sell-off. Micron gained 2.6% to $901.76, while SanDisk advanced roughly 4% towards $1,350. The moves followed weekly falls of 14.6% and 17.9%, driven by concerns over Chinese competition