Novo Nordisk shares fell on Thursday after Deutsche Bank downgraded the Danish drugmaker to Sell from Hold and lowered its price target, citing concerns over the company’s growth prospects. The company’s US shares declined about 2% in trading, with Deutsche Bank cutting its target to 265 Danish kroner from 290 kroner. The downgrade adds to
Global markets were shaped by developments across artificial intelligence, cryptocurrencies and commodities on Thursday, with OpenAI and Anthropic urging governments and businesses to strengthen defenses against AI-enabled cyberattacks. Bitcoin climbed back above $80,000 as renewed ETF demand and stronger risk appetite supported its rebound. Oil prices rose as hopes for renewed US-Iran negotiations faded and
US stocks ended higher on Thursday, with the Nasdaq Composite outperforming the broader market as Nvidia’s strong revenue outlook boosted technology and semiconductor shares. Investors also looked ahead to Federal Reserve Chair Kevin Warsh’s upcoming Jackson Hole speech amid renewed concerns over inflation and interest rates. Nvidia earnings lift technology stocks The Nasdaq Composite gained
Oklo stock rose nearly 4% in premarket trading, extending the 12% gain from the previous session. The rebound came as investors returned to small modular reactor (SMR) stocks, including NuScale. However, Oklo still faces significant risks, which helps explain its elevated short interest and continued insider selling. Top insiders have been selling Oklo stock While
Scotiabank stock price continued its strong bull run this week, reaching an all-time high. BNS has jumped 30% this year and 68% over the past 12 months, outpacing the SPDR S&P Bank ETF (KBE), which has risen just 16% this year. This rally may continue in the foreseeable future, as the bank’s revenue growth is
Even as Wall Street’s broader conviction on artificial intelligence holds firm, short-term positioning fatigue is threatening to unwind the market’s most lucrative trade. Chip stocks face a sharp near-term drawdown risk, driven less by any operational stumble than by overcrowded portfolio bets colliding with macroeconomic pressure. Bank of America semiconductor analyst Vivek Arya thinks the
Alphabet (GOOGL) shares fell on Wednesday as a landmark settlement between Meta Platforms and US state attorneys general placed renewed scrutiny on how YouTube protects children and teenagers on its platform. Meta’s landmark settlement over child safety would not only impose stricter limits on how teenagers use Instagram and Facebook, but could also put a
SpaceX stock (SPCX) fell around 1% Wednesday, extending a choppy stretch in which the stock has closed lower in six of the past nine sessions. Analysts, however, see the company’s planned Louisiana expansion as a potentially significant source of upside. Morgan Stanley sees launch capacity upside Morgan Stanley analyst Adam Jonas reiterated an Overweight rating
Bitcoin (BTC) price is trading in negative territory on Wednesday, holding around $78,000 and struggling to extend its recovery beyond the $80,000 level. The cryptocurrency’s recent strength has been supported by renewed institutional demand and increased activity among large Bitcoin holders, commonly known as whales. However, Bitcoin still faces significant resistance before a sustained recovery
Micron stock has slumped sharply in the past few months, falling from the year-to-date high of $1,257 in June to the current $932. This retreat has happened despite its strong performance as the AI boom gains steam. This article explores what to expect as Nvidia publishes its financial results. Nvidia earnings to have an impact