Bank of America sees little reason for investors to rush back into stocks ahead of November. Strategist Michael Hartnett favours a defensive stance because of a combination of stubbornly high…
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The artificial intelligence trade has faced several headwinds this year, but last week’s sell-off struck at the foundations of the multiyear AI infrastructure boom, revealing a stark shift in investor…
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US stocks opened mixed on Friday as renewed selling in technology and artificial intelligence-related stocks weighed on sentiment, while gains in Tesla offered some support. Investors also assessed persistent inflation…
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CoreWeave stock CRWV fell again on Friday after recovering in the previous session, putting the AI cloud computing company on track for a steep weekly loss as investors continued to…
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Will higher interest rates slow AI spending soon? Here’s what investors must know
by adminby adminStocks across the world are selling off again on Thursday in an already brutal week for AI stocks, which has been marked by investor jitters over the sustainability of AI…
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Third-quarter earnings season has opened unevenly. JPMorgan, Wells Fargo and Citigroup posted missed results this week, while UnitedHealth topped forecasts for both revenue and profit. Only 27 constituent companies of…
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Do Micron, Samsung, SK Hynix stocks really face a threat from CXMT? Analysts answer
by adminby adminMemory chip stocks, including Micron Technology, Samsung Electronics and SK Hynix, have been battered several times this year by reports of technological advances at China’s ChangXin Memory Technologies (CXMT). Investors…
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US stocks opened lower on Wednesday as September inflation data came in slightly hotter than expected, pushing Treasury yields higher and adding pressure to equity valuations. Investors also assessed quarterly…
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US stocks opened lower on Tuesday as investors assessed quarterly earnings from major banks at the start of the reporting season, while renewed weakness in semiconductor stocks weighed on Nasdaq…
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BlackRock has reduced its exposure to US equities and increased its allocation to US Treasuries as rising bond yields create more attractive income opportunities. The world’s largest asset manager cut…