Amazon.com Inc. reported Q2 revenue growth of 37% year-over-year for its Amazon Web Services (AWS) segment, beating analyst expectations of around 31%, and raised its full-year capital expenditure gui…
Wall Street ended higher on Friday, July 31, as Amazon.com surged over 15% after posting its biggest quarterly revenue growth in over four years, soothing investor concerns about AI-related spending, …
Wall Street partially recovered after a volatile week from July 18-25, during which the Dow Jones fell more than 0.75%, the S&P 500 slid roughly 1%, and the Nasdaq dropped approximately 1.4% in a sing…
All three major US indices climbed on a semiconductor-fueled rally after South Korea's KOSPI recovered from a dramatic selloff, with chip stocks leading the charge. Samsung Electronics and SK Hynix re…
U.S. equity funds attracted a net $11.83 billion in the week to July 29, snapping a two-week streak of outflows, according to LSEG Lipper data. Investors bought $11.57 billion in large-cap funds, the …
US stock futures rose Friday, with Nasdaq-100 contracts up 1.2%, as Big Tech earnings revived optimism in the AI trade after South Korea's KOSPI jumped 14% overnight. Amazon shares jumped 10% in prema…
Seoul shares surged nearly 13 percent late Friday morning, with the KOSPI adding 717.3 points to trade at 6,310.86, as investors scooped up semiconductor shares following Microsoft's strong earnings t…
Korean stocks opened sharply higher Friday, with the KOSPI adding 1.15 percent to 5,657.79, driven by gains in semiconductor shares after Microsoft's strong earnings report. Microsoft jumped 15 percen…
US stocks opened higher on Thursday as Microsoft's forecast-beating results soothed investor concerns about massive AI spending by companies. The Dow Jones Industrial Average rose 1.01% to 52,114.27, …
Wall Street closed sharply lower on Wednesday after the Federal Reserve held interest rates steady, with the Nasdaq 100 index dropping 2.1% and marking an 11% decline from its June record high as inve…
Microsoft short interest hit 92 million shares, or 1.27% of the float, the highest level since May 2015 and the largest short position among the Magnificent Seven, as the stock trades near $393 ahead …
Chip stocks are tumbling and AI bubble fears are spiraling, but a market crash rivaling 2000 or 2008 is unlikely, according to Inside AI. The Nasdaq is flirting with a 10% correction and the Philadelp…
Options traders are pricing a roughly $190 billion swing in Microsoft's market value after its fiscal fourth-quarter results, implying a 6.6% move either way, well above the average 4.8% priced over t…
Money is rotating out of big tech as AI infrastructure spending faces scrutiny, with some analysts making a bold case for an S&P 8,500 melt-up by year-end, according to Trader Talk host Kenny Polcari,…
The S&P 500 rose 0.21% to 7,428.78 on Tuesday as gains in Boeing and Coca-Cola offset tumbling chip stocks ahead of quarterly reports from Apple and other tech companies, with investors concerned abou…
The Nasdaq 100 is approaching correction territory as a bearish double top pattern forms below the 50-day moving average, driven by growing skepticism that AI investments will yield returns. The PHLX …
Fitch Ratings warns that an AI market correction is now a major global credit risk, citing the entanglement of AI investment with equity markets, corporate bond issuance, and economic growth. The agen…
The Nasdaq Composite fell 107.0 points, or 0.43%, to 24,825.072 at the open on Tuesday as AI worries mounted ahead of pivotal earnings, with concerns about hefty corporate spending and rising Chinese …
US tech stocks fell before the bell Tuesday as a sell-off in Korean memory makers deepened, with Nasdaq-100 futures sliding 0.9% and S&P 500 futures dropping 0.2%, while Dow futures edged up 0.1%. Sou…
Six formerly sleepy stocks have joined the $100 billion-plus valuation club by riding the AI boom, with their combined market cap surging from $90 billion to nearly $1 trillion since mid-July 2023, ac…