Nvidia stock (NVDA) edged higher on Monday but continued to lag the broader semiconductor rally as investors remained cautious about the company’s ability to capture the next wave of artificial intelligence infrastructure spending. The stock rose 0.5% to $195.86 in early trading, well behind the wider chip sector. The iShares Semiconductor ETF gained 4.3%, led
All eyes are on Terawulf (WULF) shares this morning after the digital infrastructure firm revealed a monumental $19 billion contracted revenue deal with Anthropic. But it’s not all about WULF only; neocloud provider IREN Ltd (IREN) is soaring this morning as well, and it also has the same artificial intelligence (AI) research lab to thank.
Shares of Palo Alto Networks Inc. (PANW) climbed more than 5% on Monday after analysts at BTIG and Wells Fargo raised their price targets on the cybersecurity company. The analysts raised prices citing improving business momentum and continued demand for AI-driven security solutions. The stock rose as much as 5.7% during morning trading to a
Europe’s major stock markets ended higher on Friday, with the pan-European STOXX 600 and Germany’s DAX reaching fresh record highs as investors welcomed easing expectations for near-term US interest rate hikes and rotated into cyclical sectors. The STOXX 600 climbed 0.7% to close at a record high after touching an intraday peak of 652.35, registering
A Goldman Sachs economist expects artificial intelligence to displace more than 15 million US workers over the next decade, but argues that the resulting job losses are likely to be temporary as new occupations emerge and the economy adapts to technological change. In a recent research report titled “An AI Job Apocalypse?”, Goldman Sachs senior
Oil prices were little changed on Friday, with benchmark crude posting only modest gains as investors balanced optimism over ongoing US-Iran negotiations against rising Middle East oil supplies and persistent concerns about global demand. Brent crude futures rose 0.19%, to $71.94 a barrel, while US West Texas Intermediate (WTI) crude edged up 0.13% to $68.78.
Gold prices rose more than 1% on Friday, putting the precious metal on track for its first weekly gain in five weeks after weaker-than-expected US employment data reduced expectations of a near-term Federal Reserve interest rate hike. Spot gold climbed 1.28% to $4,175.37 per ounce after touching its highest level since June 23. US gold
Bitcoin climbed above $62,000 on Friday as large holders continued accumulating the cryptocurrency despite record outflows from US spot Bitcoin exchange-traded funds (ETFs), while investors also weighed weaker US economic data and the outlook for Federal Reserve policy. Bitcoin BTC rose to as high as $62,310, its strongest level since June 24, according to CoinMarketCap
Europe’s major stock markets ended higher on Friday, with the STOXX 600 and Germany’s DAX hitting record highs as investors rotated into cyclical sectors. Bitcoin climbed above $62,000 as large holders accumulated coins despite record ETF outflows. Tesla expanded its robotaxi service to Miami as competition in autonomous driving intensified. Poland’s prime minister warned that
Wall Street will enter the July 6-10 week with less room for error after a choppy start to the second half. The S&P 500 is still sitting near record territory, but the market is carrying a tricky mix of stretched valuations, a cooling labour market, fragile oil prices and fresh pressure in semiconductor stocks. The