A 2x daily leveraged ETF that owns nothing but swaps on a single AI server stock did what 2x daily leveraged ETFs on single AI server stocks do when the AI server trade breaks. Defiance Daily Target 2X Long SMCI ETF (NASDAQ:SMCX) fell 22% on June 5, 2026, closing at $23.22 after opening near $29.95. ... SMCX Sank 67% in a Year While the Underlying Stock Rose 2%
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The Prime Minister was speaking at London Tech Week.
Investing.com -- U.S. President Donald Trump said Friday his team is exploring the idea of AI companies giving the American public a stake in their firms, and that he plans to host a meeting with AI executives as soon as next week.
Depending on who investors read, the SpaceX IPO will either end Western civilization while ruining working-class retirement funds or usher in an AI-enabled global utopia, generating trillions in profits. For bullish investors, including Baron Capital and ARK Invest, the projected $1.8 trillion valuation for SpaceX feels like a bargain for three main reasons.
For most of its time in the public markets, Reddit (RDDT) has been a story of artificial intelligence data. That story still holds. The company’s user-generated discussions have grown increasingly useful for AI developers seeking real-world conversations, queries, and opinions. But there's a second ...
The cloud giants are spending hundreds of billions to build AI data centers -- and a growing slice of that money is going toward chips they design themselves.
Berkshire Hathaway, NYSE:BRK.B, has committed $10 billion in a private placement in Alphabet focused on artificial intelligence infrastructure expansion. The investment is described as Berkshire's first major AI exposure under new CEO Greg Abel. This move marks a clear shift in capital allocation toward a leading technology platform. Berkshire Hathaway, NYSE:BRK.B, is stepping into AI at scale while its stock trades around $488.13. Over the past 3 years the stock is up 45.6% and over 5...
Investing.com -- The 2026 FIFA World Cup, the largest in the tournament’s history with 48 teams, 104 matches and 16 host cities across the United States, Canada and Mexico, is expected to generate measurable but largely short-lived gains for a select group of U.S. companies, while media engagement may provide a more durable revenue opportunity than in-person attendance, according to analysts at Barclays.
SpaceX recently unveiled a large new compute deal with Google, in addition to a previously announced one with Anthropic.
A 2x leveraged semiconductor ETF will eventually give you a day like June 5, 2026. ProShares Ultra Semiconductors (NYSEARCA:USD), which seeks twice the daily return of the Dow Jones U.S. Semiconductors Index, closed at $88.68 on Friday, down roughly 17% from $106.64 the day before. A holder who walked in Friday morning with $10,000 walked ... USD Implodes 17% And June 8th Could Be Worse
Markets face a pivotal week marked by a significant structural shift away from richly valued AI and technology stocks toward lagging sectors, evident in Friday's steep Nasdaq and S&P 500 plunges that signal investor rotation and risk reassessment.
The computing power deal will bring approximately $30 billion to Elon Musk’s combined companies ahead of a massive IPO.
Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most ...
The AI race is getting more expensive, and Alphabet’s latest fundraising plan proved it. Still, Berkshire Hathaway’s $10 billion bet offers investors a reason to look deeper.
Is ACM a good stock to buy? We came across a bullish thesis on AECOM on The Dividend Auditor’s Substack. In this article, we will summarize the bulls’ thesis on ACM. AECOM’s share was trading at $71.44 as of June 2nd. ACM’s trailing and forward P/E were 15.08 and 10.72 respectively according to Yahoo Finance. AECOM, together […]
Alphabet (NasdaqGS:GOOGL) has signed a multi year AI infrastructure agreement with SpaceX to access more than 100,000 Nvidia GPUs housed in SpaceX data centers. The deal is tied to Alphabet's record US$85b equity raise, anchored by Berkshire Hathaway, to fund expanded AI compute capacity. The arrangement highlights growing competition for high end chips between large AI players and points to SpaceX's data centers playing a larger role in AI supply chains. Alphabet enters this agreement with...
Apple plans to use WWDC 2026 to outline a broad AI plan, centered on a relaunch of Siri powered by Google's Gemini models and Nvidia hardware. The company is expected to introduce a paid Siri subscription and extend its Apple Intelligence platform across more devices and services. This move points to a clearer focus on AI driven services revenue and deeper integration of third party AI technology within the Apple ecosystem. Apple, NasdaqGS:AAPL, heads into WWDC 2026 with its share price at...
If you closed Thursday with $10,000 in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL), you opened the weekend with about $8,000. TECL closed Friday June 5 at $202.59, down 19.93% from Thursday’s $253.01. The underlying it leverages, Technology Select Sector SPDR Fund (NYSEARCA:XLK), fell 6.66% from $193.17 to $180.30, its worst session in over a ... Direxion’s 3x Tech ETF TECL Collapsed 19.93% Friday While XLK Fell Just 6.66%: Here’s Why
Investing.com -- UBS maintained "buy" ratings on three major cloud providers as their combined revenue rose to $84.8 billion in the first quarter of 2026, up 39% from a year earlier, marking a 15-percentage-point acceleration from the growth rate recorded in the same period last year.
Plus, a DIY solar hack, a country fights teen brain rot with free ChatGPT and Apple’s plans for a Siri-led AI comeback.
If you put $10,000 into the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) on the last trading day of 2025, you are sitting on roughly $13,400 as of Thursday’s close, with the fund up 34% year to date against the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) at 11%. Stretch the lens to the trailing ... AIQ Turned $10,000 Into $13,400 in Six Months as AI Chips Soared 34% YTD
A single share of The Korea Fund (NYSE:KF) was worth $74.49 on the close of June 4, 2026, and $65.53 the next afternoon, which works out to a 12% loss in one trading day. If you owned $50,000 of the fund on Thursday, you owned about $44,000 on Friday, and you watched it happen while ... A 5.54 Percent KOSPI Crash Became a 12 Percent KF Disaster – Here’s Why the Closed-End Wrapper Doubled the Damage
Investing.com -- Tesla (NASDAQ: TSLA) is making progress in autonomous driving, but Waymo remains the clear leader in commercial robotaxi operations, according to a Barclays research note.
Cathie Wood, chief of Ark Investment Management, has actively traded tech stocks as investors search for the biggest beneficiaries of the AI boom. Wood just made one of her biggest trades of the year in the past week, snapping up roughly $99 million worth of shares in Google’s parent company, ...