Rivian Automotive RIVN stock moved 4% higher on Monday after Piper Sandler upgraded the electric vehicle maker ahead of its second-quarter earnings report, citing improving demand, a smoother-than-expected R2 launch and a stronger balance sheet. Piper Sandler analyst Alexander Potter upgraded Rivian to Overweight from Neutral and raised his price target to $20 from $18,
Nvidia (NVDA) shares fell around 3% early Monday as investors assessed a series of artificial intelligence infrastructure deals involving OpenAI and SK Hynix. The stock traded around $198.86 after declining 0.9% in the previous session. Other semiconductor stocks also traded lower, with AMD down about 4% and Intel falling roughly 2%. Investors digest massive AI
Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI as part of one of the largest artificial intelligence infrastructure projects ever planned, according to a Wall Street Journal report. While analysts see the move as reinforcing confidence that the AI infrastructure boom has years to run, they also say it
PayPal stock is gearing up for one of its most important earnings releases yet, as investors await the company’s response to the recent buyout offer from Stripe and Advent International. PYPL was trading at $56, well above its year-to-date low of $40. PayPal to respond to Stripe and Advent offer In one of the biggest
Shares of Dutch semiconductor equipment giant ASML fell sharply on Monday after a report said China has begun manufacturing domestically developed immersion deep ultraviolet (DUV) lithography machines, a milestone that could reduce the country’s dependence on Western chipmaking equipment as export restrictions tighten. According to The Information, the state-backed machines are expected to be delivered
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
Memory and storage stocks came under heavy selling pressure on Monday after Chinese memory chipmaker ChangXin Technology Group (CXMT) made a blockbuster stock market debut, and reports emerged that China has begun manufacturing domestically developed deep ultraviolet (DUV) lithography machines. The twin developments heightened investor concerns that China’s semiconductor industry is rapidly closing the technology
Shiba Inu coin price has pulled back after one of its strongest rallies in recent months, but on-chain data suggests investors are still positioning for another move higher. The meme coin recently climbed above $0.0000050 before encountering profit-taking, while a wave of token withdrawals from centralized exchanges has drawn fresh attention to its near-term outlook.