Micron Technology MU shares surged more than 7% on Monday as investors continued to embrace the artificial intelligence-driven semiconductor rally, while fresh signs of memory chip shortages reinforced expectations of a prolonged industry upcycle. The stock rose to $1,076.79 in trading, extending recent gains as broader markets reacted positively to the prospect of a potential
Zcash (ZEC) has staged a dramatic recovery after suffering a sharp selloff last week triggered by revelations of a critical vulnerability in the network’s codebase. The bearish trend began after Zcash founder Zooko Wilcox disclosed the existence of an exploit that could have allowed malicious actors to mint an unlimited number of ZEC tokens. The
SpaceX shares surged again on Monday, extending gains from their blockbuster market debut as investors continued to pile into Elon Musk’s rocket and artificial intelligence infrastructure company. Shares of SpaceX, trading under the ticker SPCX, rose 8% in early trading to $173.67 after jumping 19% during their first day on the Nasdaq on Friday. The
Crude oil prices retreated on Hyperliquid as investors focused on the upcoming deal between the US and Iran. Brent crude oil fell to $84 from the year-to-date high of $126, while the West Texas Intermediate (WTI) fell to $81. Still, some major risks may threaten the falling oil prices. Crude oil price falls ahead of
HYPE crypto price jumped for three consecutive days, helped by the ongoing Hyperliquid volume surge. Hyperliquid’s token rose to $60, up by 15% from its lowest point this month, and this trend may continue, especially after the SpaceX IPO boost. SpaceX IPO boosted Hyperliquid’s volume Data shows that Hyperliquid has become one of the fastest-growing
The S&P 500 Index and its top ETFs, like State Street’s SPY, Vanguard’s VOO, and BlackRock’s IVV jumped for two consecutive days. It jumped to $7,430, up modestly from this month’s low of $7,240. This article looks at some of the top news to watch this week. US and Iran deal to end the war
Advanced Micro Devices shares moved higher on Friday after Citi upgraded the stock, arguing that investors are underestimating the company’s potential in the rapidly expanding artificial intelligence graphics processing unit market. AMD stock was upgraded to Buy from Neutral by Citi analyst Atif Malik, who also raised his price target to $575 from $460. Shares
Nvidia stock edged lower on Friday even as the chipmaker continued to expand its global artificial intelligence footprint through new partnerships, product initiatives, and growing demand for its next-generation processors. Shares of Nvidia NVDA slipped 0.18% during trading. The modest decline came despite a series of developments that highlighted the company’s efforts to strengthen its
Seagate Technology Holdings (STX) shares climbed sharply on Friday as investors responded positively to the company’s efforts to strengthen its balance sheet and capitalize on growing demand for data storage driven by artificial intelligence. The data storage manufacturer saw its stock rise 8.3% in trading after announcing plans to redeem all outstanding 3.50% Exchangeable Senior
Micron Technology (MU) shares edged lower on Friday as investors weighed valuation concerns and rising expectations ahead of the memory-chip maker’s upcoming earnings report. However, demand for artificial intelligence-related memory products continued to support the company’s long-term growth outlook. Micron stock fell 1.43% on Friday after Goldman Sachs raised its price target on the company