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Is NIO’s (NIO) Five-Seat ES8 the Missing Link in Its Profitability Push?
Simply Wall St.56d agobearish
Is NIO’s (NIO) Five-Seat ES8 the Missing Link in Its Profitability Push?

NIO recently opened pre-orders for a new five-seat variant of its best-selling ES8 SUV, building on the third-generation ES8’s milestone of 120,000 deliveries reached within 275 days of launch and expanding its presence in the premium all-electric SUV segment. At the same time, NIO is pushing aggressively into Europe via its Firefly and Onvo sub-brands and advanced manufacturing capabilities, underscoring how product expansion and overseas growth are becoming central to its efforts to reach...

Russell rebalance could add to SpaceX volatility
Reuters56d agobearish
Russell rebalance could add to SpaceX volatility

Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars' worth of Elon Musk's ‌internet and rocket company to their holdings. After a blockbuster initial public offering this month, SpaceX's stock has been ‌on a wild ride, soaring 67% to its June 16 intraday high of $225.64 before tumbling to Thursday's $153 close. FTSE Russell will add SpaceX to its Russell U.S. indexes after Friday's close of trading as part of its semi-annual index reconstitution.

European Chip Stocks Fall as AI Selloff Resumes
Barrons.com56d agobearish
European Chip Stocks Fall as AI Selloff Resumes

Shares of European semiconductor companies were following their Asian peers in negative territory as investors ditched stocks linked to artificial intelligence. A strong set of earnings and outlook from Micron Technology late Wednesday failed to reignite a rally in AI stocks on Thursday.

Nasdaq Futures Slip as Tech Selloff Deepens
The Wall Street Journal56d agobearish
Nasdaq Futures Slip as Tech Selloff Deepens

U.S. tech stock futures were down as a global tech selloff gathered pace. A report OpenAI was considering delaying its mooted public offering further soured already weak sentiment around the AI boom.

Nasdaq Futures Slump as Tech Selloff Rages On After Mag 7 Dumped
Barrons.com56d agobearish
Nasdaq Futures Slump as Tech Selloff Rages On After Mag 7 Dumped

Tech stocks were on track to extend their recent slump on Friday as investors continued to fret about soaring memory-chip costs and wondered if the AI trading frenzy may be about to fizzle out. Nasdaq 100 futures dropped 0.9%. The Nasdaq closed in the red on Thursday as investors ditched the Magnificent Seven group of mega-cap tech stocks.

Apple (AAPL) Faces £3 Billion UK iCloud Lawsuit As Class Action Moves Ahead
Simply Wall St.56d agobearish
Apple (AAPL) Faces £3 Billion UK iCloud Lawsuit As Class Action Moves Ahead

Britain's Competition Appeal Tribunal has allowed a £3b collective lawsuit against Apple to proceed. The case alleges Apple abused its market position in iCloud storage by locking users into its ecosystem. Millions of UK iPhone and iPad users may be eligible to join the class action over alleged overcharging for iCloud subscriptions. Apple, traded as NasdaqGS:AAPL, now faces a large UK class action that directly targets its services business, an important revenue stream alongside hardware...

Bloomberg56d agobearish
Apple Price Hikes Spark Asia Tech Selloff on Memory Cost Concern

(Bloomberg) -- Asian technology stocks slumped after Apple raised prices for its products, stoking concern that rising component prices will curb demand for devices and eventually slow the memory chip rally that has powered much of the AI trade.Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainStocks Whipsaw as Micron Surges While Apple Sinks: Mark

Elon Musk Should 'Consider Selling EVs Again,' Says Ross Gerber As TSLA Stock Declines
Benzinga56d agobearish
Elon Musk Should 'Consider Selling EVs Again,' Says Ross Gerber As TSLA Stock Declines

Investor Ross Gerber, the co-founder of investment firm Gerber Kawasaki, has a lucrative business proposal for Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk following the EV giant’s stock decline and mobility rollback. Elon Musk Should Consider Selling EVs Again In a post on the social media platform X, Gerber took a swipe at Musk’s push towards AI and chip manufacturing, while putting the development of new EVs on the back burner. “Maybe Tesla should consider selling EVs again…. It’s a wonderful busin

Asian stocks drop again as rollercoaster week draws to close
AFP56d agobearish
Asian stocks drop again as rollercoaster week draws to close

Asian tech stocks sank again Friday as the rollercoaster ride that has characterised the week continued into the weekend, while crude prices edged back down after a brief rally sparked by news of an attack on a ship in the Strait of Hormuz.Oil prices resumed the downward shift that has marked the week, having risen around two percent Thursday on news that a cargo ship was damaged by an unknown projectile off Oman's coast in Hormuz.