BofA’s Michael Hartnett prefers Mag7 bonds over AI shares after selloff
The artificial intelligence (AI) boom still offers an investment opportunity, but Bank of America’s senior strategist Michael Hartnett believes the better deal now lies in lending to technology giants rather…
Big Tech’s AI bill meets a ‘Big Cash Burn’ issue: are investors’ fears justified?
Cash burn emerged as a key metric for investors assessing Big Tech earnings this season, as companies ramp up spending on artificial intelligence infrastructure while borrowing costs remain elevated.Results from…
As the AI model race heats up, who will come out on top?
Companies are spending hundreds of billions of dollars to develop artificial intelligence models, hoping to establish technological advantages that could translate into lasting commercial returns. But as competitors release increasingly capable…
Binance reveals a $1B SpaceX stake: what happens if it sells its stake?
SpaceX (SPCX) shares fell roughly 5% in trading Friday as tech stocks fell after Amazon and Intel’s disappointing earnings. Binance’s response to a massive cryptocurrency theft put its investment in…
Why are Micron, SK Hynix, and SanDisk stocks falling on Friday?
Memory stocks including Micron Technology, SK Hynix and SanDisk fell sharply on Friday as disappointing earnings from Amazon and Intel triggered a broader sell-off in technology and semiconductor shares.Micron MU…
Exxon earnings: $19B cash haul comes with a catch
ExxonMobil’s (XOM) latest earnings give investors something more useful than another headline about soaring oil profits: a test of how much cash the business can generate – and how much…
Apple stock rises as new macbook launch draws analyst support
Apple stock AAPL gained 1.66% on Thursday, outperforming broader US markets as investors assessed the company’s latest hardware announcements and analysts’ views on its growth prospects.The Nasdaq Composite fell 1.24%,…
Caterpillar stock sinks after earnings: here’s the case for buying
Caterpillar (CAT) shares opened notably lower on Thursday even though the industrial equipment giant reported better-than-expected earnings for its fiscal Q3.Investors wanted more confidence that Caterpillar Inc could sustain its…
DoorDash to acquire Instacart in $17B deal as it expands grocery delivery business
DoorDash has agreed to acquire Instacart in a deal valued at about $17 billion, marking its biggest acquisition as the food delivery company looks to expand its presence in the…
SK Hynix stock jumps as its revenue and profits soar: will these gains hold?
SK Hynix stock popped to its highest point since October after the company published strong financial results and boosted its payouts to investors. It jumped to 1.48 million won in…