Here’s why the SPY ETF has shed $2o billion as VOO and SPYM rake $66b
A major shift is happening in the stock market as investors flee the popular SPDR S&P 500 (SPY) ETF and rotate to its biggest competitors this year. SPY, which is the…
Figma stock has crashed to a record low: is it a bargain or a value trap?
Figma stock price has crashed to a record low since its initial public offering (IPO), shedding billions of dollars in value as its valuation has dropped from over $55 billion…
FTSE 100 set for weekly gains as peace talks boost sentiment
The UK’s main stock indices moved higher on Friday, positioning themselves for weekly gains as investors turned their attention to an upcoming US inflation reading and geopolitical developments in the…
AI disruption fears may be overblown, but not for ServiceNow stock
ServiceNow (NYSE: NOW) plunged 6% on April 10 after senior UBS analyst Karl Keirstead issued a bearish note on the Santa Clara-headquartered software giant.Citing a material shift in enterprise spending…
Nvidia stock on track to end week strong: is the rut over?
Nvidia shares rose about 3% to $188.53 in early trading on Friday, putting the stock on track for an eighth consecutive day of gains.The rally follows a softer-than-expected inflation reading…
Hormuz logistics to block 11M bpd of Gulf oil output recovery for weeks
Upstream production in the Middle East will remain constrained for several weeks as shipping logistics continue to face challenges in the Strait of Hormuz. The recovery of the 11 million barrels…
While VCs burn cash, Perceptron built AI infrastructure with 700,000 users
In the pursuit of powering artificial intelligence (AI) and the race to come out on top, data has become the new oil. Companies that control the pipelines are pulling in…
Terra Quantum targets $3.25 billion valuation with Nasdaq SPAC deal
German-Swiss quantum technology firm Terra Quantum announced plans on Thursday to go public on the Nasdaq this year through a merger with a US-based special purpose acquisition company (SPAC).The deal…
Intel stock continues to surge after extended Google partnership
Shares of Intel extended gains for a seventh consecutive session on Thursday after the chipmaker announced an expanded collaboration with Google to develop next-generation processors for artificial intelligence data centers.The…
Why Tesla stock is down 1% despite reports of a new EV
Tesla shares attempted another rebound on Thursday but failed to sustain momentum, slipping about 1% after opening higher.The initial gains followed reports that the company is considering a new electric…