Shares of Advanced Micro Devices Inc. (AMD) tumbled on Wednesday as its revenue outlook failed to impress investors, despite the company reporting better-than-expected second-quarter earnings and revenue. While the stock was under pressure, Wall Street analysts largely maintained their bullish outl…
Asian stocks traded higher at the time of writing, led by a nearly 13% surge in South Korea’s KOSPI, while U.S. stock futures advanced and oil prices remained elevated.Asian Markets Trend Higher as Samsung, SK Hynix SurgeSouth Korea’s KOSPI surged 12.84% to 6,311.81, with gains in semiconductor hea…
U.S. stocks tumbled Wednesday, with the Dow Jones Industrial Average falling about 900 points as rising oil prices and renewed Middle East tensions weighed on investor sentiment ahead of the Federal Reserve's policy decision.The Dow dropped 1.6%, while the S&P 500 lost 1.1% and the Nasdaq Composite…
Chinese startup Moonshot AI on Friday released Kimi K3, a new model the company says closes much of the performance gap with the leading U.S. AI systems.The launch revived memories of last year's "DeepSeek moment," when another Chinese AI model briefly rattled Wall Street and triggered a sharp sell…
U.S. stock futures declined in the overnight session late Thursday, reversing gains in the regular session, which were driven by gains in major chipmaking stocks.Meanwhile, U.S. President Donald Trump told reporters on board Air Force One that Iran “badly” wants to make a deal after America had “ju…
U.S. stock indices ended lower on Tuesday as investors sold off high-growth tech and chipmaker stocks as Treasury yields spiked owing to a jump in oil prices after Iran attacked a Qatari shipment in the Strait of Hormuz.The S&P 500 ended 0.5% lower, while the Nasdaq 100 lost 1.8% and the Dow Jones…
Micron Technology NASDAQ:MU found itself in Michael Burry's crosshairs again after the famed The Big Short investor disclosed a new short position, arguing the memory chip maker's rally has become detached from fundamentals.In a post on Substack, Burry said he shorted Micron at $1,051.87 per share…
