Meta Platforms and asset manager BlackRock announced on Tuesday a venture to develop and operate a data center campus in El Paso, Texas. The project is expected to cost about $14 billion in development. The partnership comes as technology companies accelerate spending on artificial intelligence infrastructure. The growing scale of investment in AI data centers
US stocks opened lower on Tuesday, with the Nasdaq underperforming as renewed weakness in semiconductor stocks overshadowed gains in consumer-focused companies. Investors remained cautious ahead of quarterly earnings from several of the largest technology companies and the Federal Reserve’s interest rate decision later this week. The Nasdaq Composite fell about 0.67%, while the S&P 500
Spot gold and silver prices moved lower ahead of the North American market open on Tuesday. A firmer US dollar, elevated Treasury yields and caution ahead of this week’s Federal Reserve decision weighed on precious metals. At the time of writing, spot gold was trading near $4,031.00 an ounce. The metal was down 1.09% on
SpaceX (SPCX) shares extended their decline on Tuesday as investors continued to weigh the prospect of a wave of insider share sales ahead of the company’s first post-IPO lock-up expiration. The SpaceX stock fell more than 5% to around $107, well below its IPO price of $135. The broader market was mixed, with the S&P
SanDisk stock continued its strong retreat as investors continued selling memory shares. SNDK dropped to $1,204 in the premarket, reaching its lowest level since May 1. It has slumped by 45% from its all-time high, and the Wyckoff Theory suggests that it has more downside to go. SanDisk stock technicals point to a retreat SNDK
Microsoft stock has retreated sharply in the past few months, moving from a record high of $556 in October last year to $390. This retreat has pushed its market capitalization from over $3.89 trillion to $2.9 trillion today. This article highlights what to expect as its fourth-quarter earnings loom. Microsoft stock has dropped amid capex
Intel and AMD shares came under heavy selling pressure on Tuesday as investors reassessed the outlook for the semiconductor industry amid China’s rapid advances in memory chips and artificial intelligence infrastructure. Intel INTC stock fell about 6%, while AMD declined roughly 8%, extending a broader selloff across global semiconductor stocks. The weakness followed sharp declines
D-Wave Quantum (QBTS) stock is ripping higher on Monday morning after the company revealed an expanded agreement with telecom giant AT&T (T). The quantum computing firm now looks headed to challenge its 20-day moving average (MA) – with a decisive break above $19.66 expected to boost upward momentum in the near-term. Despite today’s rally, however,
Intel (INTC) just handed the semiconductor sector a preview of what’s driving the AI trade in mid-2026 – and it wasn’t subtle. A blowout quarter, a stock that fell anyway, and a supply chain that can’t keep pace with demand. All of it matters for Advanced Micro Devices (AMD), which reports its own second-quarter results
Strategy MSTR (formerly known as Microstrategy) shares climbed on Monday after the company disclosed it had not purchased any Bitcoin for the fifth consecutive week, instead continuing to build its cash reserves and repurchase preferred shares under its revised capital allocation strategy. The company said in a filing that it neither bought nor sold Bitcoin