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Chip Stocks Soar; Bitcoin Price Falters
The Wall Street Journal90d agobullish
Chip Stocks Soar; Bitcoin Price Falters

Bitcoin and chip stocks have dramatically diverged over the past six months. Bitcoin traded at around $71,000 Monday, down more than 40% since its peak above $126,000 in early October. Meanwhile, the PHLX Semiconductor Index, stuffed with high-fliers like Nvidia, Intel and Micron, just posted its strongest performance through the first 100 trading days of any year on record.

Nvidia courts Korea's tech giants at Taipei dinner as AI push deepens
Reuters90d agoneutral
Nvidia courts Korea's tech giants at Taipei dinner as AI push deepens

Nvidia CEO Jensen Huang hosted top South Korean tech executives including the boss of chipmaker SK Hynix at ‌a boisterous dinner on Monday, as he looks to deepen ties with key partners ‌ahead of what he called an "incredibly busy" stretch for the AI boom. SK Hynix CEO Kwak Noh-Jung, executives from Samsung ​Electronics, LG Electronics and Naver were among those at the "Korean Partner Night", held at a traditional Taiwanese restaurant in Taipei on the sidelines of the Computex trade show. "Korea is a critical part of our ecosystem."

Carvana Is Out: This High-Yield Cash Cow Is the Ultimate Inflation-Beating Buy Right Now
24/7 Wall St.90d agobullish
Carvana Is Out: This High-Yield Cash Cow Is the Ultimate Inflation-Beating Buy Right Now

Carvana (NYSE:CVNA) is back in the spotlight after a blowout quarter, an S&P 500 induction, and a CEO promising 3 million units at 13.5% adjusted EBITDA margins by the next decade. But the details beneath the headline deserve a closer look. The Hype Trade Is Already Cracking Carvana is the textbook crowded trade. The stock ... Carvana Is Out: This High-Yield Cash Cow Is the Ultimate Inflation-Beating Buy Right Now

SpaceX IPO Could Rewrite the Record Books for Public Listings
InvestorsHub90d agoneutral
SpaceX IPO Could Rewrite the Record Books for Public Listings

A potential IPO from SpaceX (NASDAQ:SPCX) could dramatically reshape the history of global public offerings, with the Elon Musk-led company reportedly targeting a valuation that would eclipse every previous stock market debut. If current expectations hold, SpaceX could raise far more capital than any company before it and potentially become the first IPO to debut with a valuation approaching $2 trillion.

IBM Stock Adds To Quantum-Powered Rally. Analyst Says Don't Overlook Software Growth.
Investor's Business Daily90d agobullish
IBM Stock Adds To Quantum-Powered Rally. Analyst Says Don't Overlook Software Growth.

IBM stock jumped in morning trading, adding oomph to a big rally that started with a $1 billion award from the federal government for quantum computing late last month. On Monday, analysts with Barclays initiated coverage of IBM stock with a buy rating. IBM stock climbed more than 8% to 323.74 in morning trades on the stock market today.

Exclusive-EU cloud rules to curb Big Tech's access to strategic tenders, draft document shows
Reuters90d agoneutral
Exclusive-EU cloud rules to curb Big Tech's access to strategic tenders, draft document shows

BRUSSELS/AMSTERDAM, June 1 (Reuters) - The European Union plans to propose strict criteria for cloud computing services in highly critical state tenders that could exclude Amazon, Microsoft and Google from such ‌projects, according to documents seen by Reuters. The proposal is part of the European Commission's Cloud and AI Development ‌Act, which EU tech chief Henna Virkkunen will unveil on Wednesday as part of a package aimed at reducing the bloc's dependence on U.

Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.
Barrons.com90d agoneutral
Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.

Quantinuum is set to make the biggest trading debut for any quantum company this year. As anticipation rises, the company is upsizing its initial public offering to as much as $1.46 billion. Quantinuum indicated Monday that it plans to offer 26.5 million shares at prices ranging from $53 to $55 each, compared with earlier plans to sell roughly 21 million shares for $45 to $50 each.

I’m 60 with $5 million for retirement: should I lock $1 million in 30-year TIPS for guaranteed income?
24/7 Wall St.90d agoneutral
I’m 60 with $5 million for retirement: should I lock $1 million in 30-year TIPS for guaranteed income?

A 60-year-old with $5 million in retirement assets peels off $1 million for 30-year Treasury Inflation-Protected Securities and lets the remaining $4 million chase growth. The host of the Retire SMART Podcast walked through exactly this allocation on Ep. 419, “Bond vs Bond Fund,” arguing that individual TIPS can carry the income side of a ... I’m 60 with $5 million for retirement: should I lock $1 million in 30-year TIPS for guaranteed income?

FedEx Freight Starts Trading Today. It Has Potential.
Barrons.com90d agoneutral
FedEx Freight Starts Trading Today. It Has Potential.

Instead, FedEx’s spinoff—FedEx Freight trades under the symbol FDXF—is complete. FedEx was at $333 in late-morning trading, down about 1% from its Friday close north of $411. FedEx Freight shares were trading for $164, up about 2.5% from its late Friday price of about $160.

Bloomberg90d agoneutral
Walmart Caps Usage of an AI Tool for Employees After High Demand

(Bloomberg) -- Walmart Inc. is limiting staff’s usage of an artificial-intelligence tool following high demand, illustrating how corporations are adjusting their calculations for incorporating the technology.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectStrait of Hormuz Ship Transits Are Rising Thanks to US HelpPro-Trump Outsider Wi

IBM Shares Surge as Old Clip of Trump Praise Recirculates Online
Bloomberg90d agobullish
IBM Shares Surge as Old Clip of Trump Praise Recirculates Online

(Bloomberg) -- A nearly six-month old video of Donald Trump praising International Business Machines Corp.’s CEO sent the shares surging almost 9% on Monday, adding more than $24 billion to the company’s stock-market value. Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectStrait of Hormuz Ship Transits Are Rising Thanks to US HelpPro-T

Strategy Stock Falls After It Trims Bitcoin Holdings
The Wall Street Journal90d agobearish
Strategy Stock Falls After It Trims Bitcoin Holdings

Strategy, the bitcoin accumulation firm founded by Michael Saylor, said Monday that it sold 32 bitcoin last week for roughly $2.5 million, according to a regulatory filing. It was the company's first sale of the cryptocurrency since 2022. The company said it expects to use proceeds from the bitcoin sale to fund distributions on its preferred stock.

SoftBank Stock Rides AI Wave to All-Time High
The Wall Street Journal90d agobullish
SoftBank Stock Rides AI Wave to All-Time High

The source of SoftBank’s surge is pure AI enthusiasm, as the Tokyo-based investor has pivoted from a mix of startups, e-commerce and telecom companies to quickly become a major player in all things artificial intelligence. Arm has been on a tear lately as investors swoon over its plans to design chips that are ideal for agentic AI uses in data centers, giving it a market cap of about $375 billion.

Strategy Just Sold A Few Bitcoin. Why Markets Hate It.
Investor's Business Daily90d agoneutral
Strategy Just Sold A Few Bitcoin. Why Markets Hate It.

Strategy (MSTR) sold some bitcoin for the first time ever, the company revealed in a Monday filing, just a week after founder Michael Saylor had used the "hodl" — hold on for dear life — phrase, which is the crypto community's never-sell mantra. The iShares Bitcoin Trust ETF (IBIT), which tracks the bitcoin price, fell to a seven week low,...