A growing chorus of China’s most influential hedge fund managers is sounding the alarm on what they describe as a dangerously overheated global AI trade. After an explosive run-up in semiconductor and model‑development stocks from Seoul to Silicon Valley, several of Beijing’s money managers now argue the rally has detached from fundamentals – and that
Crude oil prices are in the spotlight this week as the deal between the United States and Iran is tested. Brent, the global benchmark, ended the week at $73.6, down sharply from year-to-date high of $119.4. WTI has moved below the key support level of $70. US and Iran exchange strikes There are signs that
South Korean stocks have soared in the past few months, with the KOSPI Index doubling this year, helped by the strong performance of Samsung and SK Hynix. It peaked at 9,388 this month and then pulled back to the current 8,410. Still, there is a risk that the index will retreat sharply once the ongoing
Bitcoin price retreated below the important support of $60,000 as concerns about demand from American investors continued. BTC was trading at $59,930, lower from last month’s high of $82,803. So, will the retreat continue as ETF outflows jump? Bitcoin ETF outflows are surging There are signs that American investors are aggressively selling their Bitcoin positions.
The S&P 500 Index has come under pressure in the past few days, moving from the year-to-date high of $7,620 to the current $7,354. This retreat continued amid the rising jitters that the AI boom is ending. This article highlights some of the top catalysts for the index and its ETFs like VOO and SPY.
Shares of Rocket Lab (NASDAQ: RKLB) climbed in premarket trading after the space company announced that NASA had selected its Electron launch vehicle for two Earth and solar science missions. The missions, known as Polarized Submillimeter Ice-cloud Radiometer Satellite (PolSIR) and Total and Spectral Solar Irradiance Sensor-2 (TSIS-2), will launch from Rocket Lab’s Launch Complex
The Vanguard S&P 500 ETF (VOO) stock has pulled back in the past seven consecutive days and is hovering at its lowest level since June 11. There is a risk that the recent stock market rally is about to take a breather. S&P 500 Index has fallen despite some major good news The S&P 500
US stocks opened lower on Friday as investors continued to rotate out of technology stocks, with chipmakers facing renewed selling pressure despite strong recent earnings and upbeat demand forecasts. The Dow Jones Industrial Average was down 207 points points while the Nasdaq Composite dropped 0.95%. The S&P 500 declined 0.61%. The latest weakness comes after
Micron Technology’s MU shares fell sharply on Friday, giving up part of the gains recorded earlier in the week despite the memory chipmaker reporting stronger-than-expected quarterly results. The stock declined nearly 5% in premarket trading as weakness spread across the broader semiconductor sector. Other US chipmakers also traded lower, with Intel down just over 3%,
Jito (JTO) extended its recent rally after recording another strong trading session, with the token climbing nearly 12% in 24 hours to trade around $0.76. The move pushed JTO close to the top of its daily range of $0.6436 to $0.771 while lifting its monthly gain to more than 45%. The latest rally stands out