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There are various investment funds that hold pre-IPO shares of Elon Musk's rocket company; and plenty more will automatically buy the stock days after it goes public.
Some employees in their 20s and 30s are having a hard time wrapping their heads around the need to set up exotic-sounding estate-planning tools they didn’t think they’d have to worry about for another few decades, wealth managers say.
SanDisk (NASDAQ:SNDK) has won a higher price target from Bank of America, with the bank lifting its objective to $2,100 from $1,550 on the back of robust NAND demand, favourable pricing trends, and a new wave of long-term supply agreements. At BofA's 2026 Global Technology Conference in San...
J.P. Morgan has upgraded Chipotle to 'Overweight' forecasting improved comparable sales.
Shares of Galaxy Digital surged on Monday, with investors betting that the crypto financial services company’s expansion into AI data centers will turbocharge its growth. The stock jumped 24% Monday afternoon and was on track for its largest percent increase since November 2024.
Micron Technology (MU) has been a standout name in the artificial intelligence trade for most of 2026, with its stock gaining an explosive 173.92% since the beginning of the year. It crossed $1 trillion in market value in late May. And then, things changed. Over two trading days, a large piece of ...
US stocks surged at the opening bell after Iran said it would end its strikes against Israel.
Investing.com -- Leopold Aschenbrenner's hedge fund Situational Awareness has grown to more than $20 billion in assets under management, approaching the size of Bill Ackman's Pershing Square and Dan Loeb's Third Point, according to a Wall Street Journal report Monday.
Investing.com -- Mizuho said investor concerns about one key semiconductor name losing ground to competitors in the custom chip market are overblown and urged clients to buy the recent pullback, citing a massive potential opportunity from Google's accelerating TPU buildout.
On this episode of Stock Movers with Alexis Christoforous: - Shares of The Campbell's Company (CPB) edged higher ahead of the US market open after the canned soup maker reported adjusted earnings per share for the third quarter that beat the average analyst estimate. - Eli Lilly (LLY) shares gained in the early session following obesity drug presentations at the American Diabetes Association conference. Citi analysts say their conviction on Lilly is firmly intact, given the company's incretin portfolio is "not built around singular blockbusters." - Shares of Marvell Technology (MRVL) and Flex (FLEX) are rising in premarket trading as the companies are set to replace Pool Corp. and Campbell's in S&P 500 before the market open on June 22, S&P Dow Jones Indices says in emailed statement.
Popping onto the IBD Leaderboard and two exclusive screens, Eli Lilly stock has returned to buy range after a brief hiccup.
The SpaceX IPO is twice oversubscribed. Crypto users on Bybit and Kraken can subscribe to tokenized shares using USDC before June 11.
Wall Street analysts began coverage of recent initial public offering stock Cerebras Systems on Monday with buy ratings.
Corning stock rallied on news of a major agreement with Amazon as part of the tech giant's data center expansion.
Investing.com -- Corning (NYSE:GLW) shares jumped 10% Monday after Amazon (NASDAQ:AMZN) announced a multiyear, multibillion-dollar agreement with the company to supply optical fiber, cable, and connectivity solutions for Amazon’s expanding data center infrastructure across the United States.
Johnson & Johnson has agreed to buy biotechnology company Firefly Bio for $1 billion in cash in a deal that bolsters the drugmaker’s oncology pipeline.
Ahead of June 12, investors will want to have their SpaceX IPO investing game plan ready.
Oracle stock has bounced back from a steep slump but will face a big test with its fiscal Q4 results due on Wednesday.
June 8 (Reuters) - Johnson & Johnson said on Monday it will acquire biotech Firefly Bio for $1 billion in cash, as it looks to expand its cancer drug pipeline.
Tesla retail sales in China grew 22% year-over-year in May, ending a two-month decline. Tesla stock rose modestly early Monday after diving last week.
Marvell Technology shares climbed more than 7% in premarket trading on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59% since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called Marvell the next "trillion-dollar company." The stock dropped 16.7% in regular trading on Friday amid a broader selloff that wiped out $1.3 trillion in market value for the chip sector.
The AI chipmaker will join the benchmark index on June 22 as part of a quarterly rebalance, alongside electronics manufacturer Flex
Investing.com -- Shares of Cerebras Systems (NASDAQ: CBRS) jumped 4% on Monday, driven by a massive wave of bullish sentiment from Wall Street. As the company’s post-IPO quiet period officially expired, nine major brokerages initiated coverage on the AI chipmaker—all issuing the equivalent of a "Buy" rating. Analysts across the board are hailing Cerebras as the most formidable and uniquely positioned challenger to NVIDIA’s market dominance, pointing to its radical "wafer-scale" architecture and
Oil prices surged Monday after Iran and Israel resumed strikes against one another despite a purported ceasefire, while technology stocks slumped following heavy pre-weekend losses on Wall Street.Wall Street had tumbled Friday, led by a four-percent drop for the tech-heavy Nasdaq.
Blue-chip stocks looked set to fall on Monday as the cease-fire in the Middle East appeared to fray, with the market still reeling from Friday’s brutal artificial intelligence selloff. Futures tracking the Dow Jones Industrial Average slipped 169 points, or 0.3%. S&P 500 futures climbed 0.3%, while contracts tied to the tech-heavy Nasdaq 100 added 0.7%.
By Cynthia Kim and Yena Park SEOUL, June 8 (Reuters) - Seoul resident Laura Byun has long preferred U.S. mutual funds over Korean shares, but the KOSPI's blistering rally changed that and her risk
<body><p>STORY: Asian stocks plunged on Monday morning as investors hit the brakes on the red-hot AI rally.</p><p>South Korea’s tech-heavy KOSPI index took the heaviest beating.</p><p>It was down around 6% by late-morning after volatile trade had earlier triggered a 20-minute halt.</p><p>Chip giant Samsung matched the overall decline. </p><p>Meanwhile, Japan’s Nikkei index was down around 4% by the same time.</p><p>That follows a similar drop for the Nasdaq on Wall Street at the end of last week.</p><p>One analyst told Reuters that doubts have crept in over tech earnings, partly following weaker-than-expected numbers from US chipmaker Broadcom.</p><p>Last week’s hotter-than-expected U.S. jobs data have also all but wiped out hopes for further rate cuts by the Federal Reserve this year.</p><p>Then there’s Iran.</p><p>Tensions in the Middle East have flared again, following Israel’s strikes on Lebanon, and Iran’s retaliatory strikes on Israel.</p><p>International benchmark Brent Crude was up around 3% on Monday morning, once again heading towards the $100 per barrel mark.</p><p>That’s despite weekend action by the OPEC+ oil exporters’ group to reassure markets with a further boost to output.</p><p>Later this week, all eyes turn to the potentially record breaking SpaceX share listing.</p><p>Elon Musk’s rocket firm is set to start trading on Friday, and is expected to debut with a valuation of around $1.75 trillion.</p><p>With so much money going to that, and more possible mega-listings such as OpenAI, some brokers have expressed concern about the impact on other assets. </p></body>
A look at the day ahead in European and global markets from Rae Wee An ugly selloff in technology stocks swept across Asia on Monday as investors slammed the brakes on the red-hot AI rally, with a
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