Marvell Technology stock surged roughly 25% in premarket trading Tuesday after Nvidia CEO Jensen Huang called the chipmaker the next trillion-dollar company during an appearance at the Computex trade show in Taipei. Huang made the remark while joining Marvell CEO Matthew Murphy onstage at the annual technology conference, according to CNBC. “The next trillion-dollar company, […]
The U.S. stock market is charging higher at an astonishing pace. Since March, the S&P 500 (SNPINDEX: ^GSPC) had advanced 16%, while closing higher in nine straight weeks. And the Nasdaq Composite (NASDAQINDEX: ^IXIC) has advanced 25%, its largest two-month return since 2002. Yet the stock market is vulnerable. Treasury yields spiked in May as […]
Wall Street used to get the growth story early. Now it often only gets the receipt. SpaceX (SPAX.PVT) is targeting a public listing roughly 24 years after Elon Musk founded the rocket maker, underscoring a market shift that has pushed more company-building into private markets — and left public investors looking for wrappers, proxies, and […]
US stock futures pushed up early Monday as investors looked to build on a strong May that pushed major indexes to fresh record highs. Dow Jones (YM=F) and S&P 500 (ES=F) futures climbed 0.4% and 0.2%, respectively. Nasdaq 100 (NQ=F) futures made gains of 0.2%. Wall Street enters June following a powerful monthly rally. The […]
The tech trade isn’t just leading the market. It’s swallowing the ETF tape. Since the S&P 500’s March 30 low, technology ETFs have dominated sector flows, leaving most other sectors fighting over scraps. For investors trying to diversify after another tech-led surge, the first challenge is simple: making sure their “diversifier” is not just tech […]
You are getting massively wealthier if you are a Dell (DELL) shareholder. Shares of the computing giant turned AI infrastructure play soared over 30% in trading on Friday following a blowout quarter and a big-time guidance raise. Dell said late Thursday it sees $167 billion in fiscal year 2027 revenue, including a staggering $60 billion […]
Goldman Sachs COO John Waldron called out inflation as “the single biggest risk element” to the economy on Thursday during a talk at the Bernstein Strategic Decisions Conference in New York. “Inflation, I would say it’s probably the single biggest risk element. It’s the one that worries me the most personally,” said Waldron, who is […]
What happened: Snowflake (SNOW) stock jumped 36% on Thursday in its best day on record after the cloud data company posted better-than-expected quarterly results, driven by accelerating enterprise AI demand for its platform and an expanded deal with Amazon’s (AMZN) Amazon Web Services. Shares of peer ServiceNow (NOW) also jumped, along with the broader iShares […]
HP beat analysts’ estimates for second-quarter revenue and profit on Wednesday, helped by strong demand for AI-optimized personal computers, but warned that rising memory costs would pressure margins. PC makers including HP, Dell Technologies and China’s Lenovo Group are navigating a shortage of memory chips as data center buildout is sucking up capacity and triggering […]
The Pentagon on Wednesday announced a five-year, $9.69 billion agreement to consolidate Microsoft and other enterprise software licenses scattered across the military services, the intelligence community, and the U.S. Coast Guard into a single contract vehicle, officials said. The cost-cutting effort hands Microsoft a guaranteed enterprise-wide foothold across the U.S. armed forces while squeezing out […]
Elon Musk’s SpaceX is eligible for inclusion in both the Russell U.S. Equity Indexes and FTSE Global Equity Index Series under newly announced fast-entry rules, according to index provider FTSE Russell. FTSE Russell, a London Stock Exchange Group business, proposed introducing a fast-entry mechanism for initial public offerings and revising eligibility requirements for its Russell […]
Oil dropped on hopes that the US and Iran will reach a peace deal despite fresh hostilities and uncertainty over the vital Strait of Hormuz. Brent fell to near $96 a barrel after rising almost 4% on Tuesday, while West Texas Intermediate was around $90. An Iranian official said on Wednesday that indirect contacts with […]
