IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure. The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed Wall Street forecasts. Yet
ASML Holding raised its financial guidance for 2026 on Wednesday after reporting stronger-than-expected second-quarter earnings and announcing plans to increase capacity. The results showed that robust demand for artificial intelligence chips continues to fuel investment across the semiconductor industry. The Dutch company, the world’s largest supplier of semiconductor manufacturing equipment, now expects full-year 2026 net
Crypto exchange Bitrue has launched an artificial intelligence-powered trading platform that lets users build and activate automated strategies without writing code, as demand for AI-linked markets accelerates among its customers. The product, called Bitrue AI, can generate a personalised strategy in about 10 seconds after a user selects an asset and preferred risk level, according
SpaceX stock (NASDAQ: SPCX) briefly looked unstoppable after the world’s largest initial public offering, but almost all the early excitement has now disappeared. Shares closed Tuesday at $136.08, only $1.08, or 0.8%, above the $135 offering price. The stock has fallen almost 40% from its June 16 intraday peak of $225.64, wiping an estimated $1.2
JPMorgan Chase reported record second-quarter profit on Tuesday, helped by robust investment banking activity and a sharp jump in trading revenue as volatile financial markets boosted client activity. Despite the earnings beat, shares of the largest US lender fell more than 2.5% in premarket trading after the bank raised its forecast for 2026 expenses to
Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65. This rebound may continue in the coming weeks after the stock formed a double-bottom pattern and as its earnings report looms. Figma stock technical analysis points to more gains The daily chart
International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary second-quarter results that fell short of Wall Street expectations. The hardware, software, and consulting company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, missing analysts’ expectations of earnings
Gold prices recovered strongly on Tuesday, reversing losses from a sharp sell-off as cooler-than-expected US inflation data reinforced expectations. The precious metal had come under pressure in the previous session, briefly touching a two-week low as investors refrained from placing large bets ahead of the release of the US CPI data and Federal Reserve Chair
Oracle stock continued its strong freefall this week, reaching its lowest level since April last year. ORCL has slumped by over 62% from its all-time high, with Larry Ellison’s net worth plunging by $60 billion this year to $187 billion. It has become one of the top laggards in the AI space. Oracle stock has
US consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided temporary relief from this year’s inflation pressures. The Consumer Price Index for All Urban Consumers (CPI-U) fell 0.4% on a seasonally adjusted basis in June after rising 0.5% in May, the Bureau