Memory stocks, including Micron Technology, SK Hynix and SanDisk, fell on Wednesday as investors reassessed the outlook for artificial intelligence infrastructure spending following a wave of Democratic victories in the…
Category:
Ideas
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Plug Power stock staged a strong comeback, climbing to a high of $1.58 in extended trading as clean energy companies rebounded after the midterm elections. The shares are now up…
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US stocks opened higher on Wednesday after Democrats secured control of both chambers of Congress in the midterm elections, prompting investors to reassess the potential impact of a divided government…
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Oracle stock (ORCL) traded slightly higher on Wednesday despite reports that the company had cancelled a $7 billion chip leasing agreement with China’s Tencent following pressure from the Trump administration,…
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SpaceX (SPCX) and Qualcomm (QCOM) shares are in focus this morning after the two companies announced a partnership that could reshape the future of mobile connectivity in the US. SPCX…
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Shares of neocloud providers CoreWeave CRWV, IREN and Nebius fell sharply on Wednesday as investors assessed the possibility of tighter regulation of artificial intelligence infrastructure following Democratic victories in the…
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The Democrats’ sweeping midterm victory has dealt a major blow to technology billionaires and corporate interest groups. They poured billions of dollars into political campaigns, hoping to secure a friendlier…
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Alphabet has expanded its voluntary employee buyout program to five more countries as the Google parent seeks to control operating costs while pouring billions of dollars into artificial intelligence infrastructure.…
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McDonald’s (MCD) delivered a profit beat in its third-quarter results, reporting adjusted earnings per share of $3.57 versus Wall Street expectations of $3.38. Revenue, however, missed forecasts at $7.16 billion,…
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Shares of Elon Musk’s SpaceX and Tesla fell in premarket trading on Wednesday as Democrats’ sweeping election victory raised the prospect of tighter scrutiny and regulation of AI companies, while…