What happened: Supermicro (SMCI) stock jumped more than 18% in early trading on Wednesday. What’s behind the move: The server maker posted improved margins in its fiscal third quarter and projected revenue above Wall Street expectations, driven by sustained strong demand for artificial intelligence data center infrastructure. Sales of the company’s servers equipped with Nvidia […]
Wall Street stocks climbed on Wednesday as investors weighed reports that the US and Iran may be closing in on a peace deal and a solid earnings season for tech companies continued. The Dow Jones Industrial Average (^DJI) jumped roughly 0.8%, while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both gained roughly 0.7% following […]
US stock futures rose on Tuesday, while oil prices fell as wary markets monitored a fragile US-Iran ceasefire in the wait for the latest rush of earnings. S&P 500 futures (ES=F) moved up 0.3%, while those on the tech-heavy Nasdaq-100 (NQ=F) put on 0.5%. Dow Jones Industrial Average futures (YM=F) also edged up roughly 0.3%, […]
Uncle Sam’s longest-term debt is back above the stock market’s pain line. The US 30-year Treasury yield (^TYX) jumped 6 basis points Monday to 5.03%, its biggest one-day move since March 20 and its highest level since July 2025. That 5% zone has rattled stocks before. In last week’s Chart of the Day, the setup […]
Bitcoin rose above $80,000 for the first time since January as bullish sentiment lifted risk assets, with Asian shares rallying and US technology-stock futures pointing to further gains. The original cryptocurrency climbed as much as 2.1% to $80,594 on Monday, its highest level since Jan. 31, before paring gains to trade around $79,700 at 10 […]
A newly minted Blackstone investment vehicle is aiming to raise slightly over $1.7 billion in an initial public offering in the United States to bet on the red-hot data center industry. Blackstone Digital Infrastructure Trust, which will acquire newly constructed data centers, is offering 87.5 million shares, including 725,987 bonus shares, in the IPO at […]
Major OPEC+ nations agreed a modest and symbolic increase in their June production quota levels, as the group sends a business-as-usual message following the surprise exit of the United Arab Emirates. Abu Dhabi at the same moment touted its own growth plans. Seven countries led by Saudi Arabia and Russia will add 188,000 barrels a […]
Greg Abel didn’t take long to address the elephant in the room. In his first few minutes addressing Berkshire Hathaway Inc. shareholders on Saturday — the first annual meeting without Warren Buffett leading the festivities — Abel took investors back to one year earlier, when Buffett shocked the room and anointed him as its next […]
SanDisk (NASDAQ:SNDK) reported a sharp surge in third-quarter revenue on Thursday, significantly exceeding Wall Street expectations as demand for datacenter products and stronger pricing supported results. The company posted revenue of $5.95 billion for the quarter, marking a 251% increase from the same period last year and comfortably surpassing analyst forecasts of $4.73 billion. Shares […]
There’s a recurring fear in fintech circles that the ground beneath Visa Inc. could eventually shift. The worry is that a mix of cryptocurrencies, digital wallets, and AI-driven payment rails might bypass traditional card networks altogether, potentially turning today’s dominance into something that belongs to a pre-digital era. But Visa (V) just reported a quarter that made […]
Stocks knocked it out of the park in April. Wall Street’s April rebound ended the month with a scoreboard that looks more like 2020 than 2026 — and some of the details look even more like the dot-com era. The S&P 500 (^GSPC) surged over 10% during the month, its best showing since November 2020, […]
US stock futures made modest moves on Friday amid a fresh wave of earnings, after a powerful rally that pushed major indexes to fresh records. Dow Jones Industrial Average futures (YM=F) rose roughly 0.3%, while those on the S&P 500 (ES=F) nudged up 0.1%. But contracts on the tech-heavy Nasdaq 100 (NQ=F) slipped 0.1%, after […]
