ADVFN US – Market Content Editor
-
SpaceX Approaches $3 Trillion Market Value as Post-IPO Rally Continues
SpaceX (NASDAQ:SPCX) shares continued their remarkable advance in premarket trading on Tuesday, building on strong gains from their first two sessions as a public company and pushing the aerospace group toward a market capitalization of nearly $3 trillion. The rocket and satellite operator completed the largest initial public offering in history last week, ending its…
-
OpenAI’s Costs Soar to $34 Billion Ahead of Anticipated IPO
OpenAI (NASDAQ:OAI) spent approximately $34 billion during 2025 as the artificial intelligence company continued to invest heavily in technology development, infrastructure and customer acquisition ahead of its expected stock market debut later this year, according to a report from the Financial Times. The ChatGPT developer reportedly allocated around $19 billion to research and development activities,…
-
Italian Competition Watchdog Launches Investigation Into Apple’s Cloud Service Practices (AAPL)
Apple Inc. (NASDAQ:AAPL), Apple Distribution International Ltd and Apple Italia Srl are facing an investigation by Italy’s Competition Authority over the interoperability of the company’s iOS and iPadOS operating systems with third-party consumer cloud services. Focus on Digital Markets Act Compliance The regulator is examining whether Apple is meeting obligations under the Digital Markets Act…
-
Oil Prices Continue Lower as Traders Await Clarity on U.S.-Iran Agreement
Oil markets remained under pressure on Tuesday, extending losses from the previous session as investors looked for further details on the interim peace agreement between the United States and Iran, which is expected to pave the way for the reopening of the Strait of Hormuz. By 09:09 GMT, Brent crude for August delivery had fallen…
-
U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
Global markets were broadly cautious on Tuesday as investors assessed the implications of a preliminary peace agreement between the United States and Iran, monitored a surprise policy move from the Bank of Japan and continued to track the extraordinary post-IPO surge in SpaceX (NASDAQ:SPCX). Futures Trade in Narrow Range Ahead of Fed Meeting U.S. stock…
-
Peace Deal and SpaceX Debut Fuel Broad Market Rally on Wall Street
A historic geopolitical breakthrough and one of the most anticipated stock market debuts in years combined Monday to send U.S. stocks surging across the board. President Donald Trump’s announcement over the weekend that the United States and Iran had reached a peace agreement – including the reopening of the Strait of Hormuz and the lifting…
-
ON Semiconductor Shares Climb After Citi Highlights Potential Upside Ahead of Analyst Day (ON)
ON Semiconductor (NASDAQ:ON) shares gained 5% on Monday after Citi raised its price target on the chipmaker and placed the stock on its Upside Catalyst Watch list ahead of the company’s Analyst Day in September. The move reflects growing optimism around ON Semiconductor’s exposure to data centre power infrastructure and its long-term growth opportunities in…
-
Powerfleet Shares Jump on Strong Fiscal 2027 Outlook Despite Earnings Miss (AIOT)
Powerfleet, Inc. (NASDAQ:AIOT) shares climbed 7.5% in premarket trading on Monday after the AIoT software-as-a-service provider issued fiscal 2027 guidance that comfortably exceeded Wall Street expectations, offsetting a weaker-than-expected earnings performance in its latest quarter. Investors focused on the company’s robust growth outlook and improving profitability metrics as management outlined expectations for another year of…
-
Electronic Arts Unveils New Advertising Platform for In-Game Brand Activations (EA)
Electronic Arts Inc. (NASDAQ:EA) has introduced EA Advertising, a new platform designed to allow brands to connect directly with players through integrated advertising experiences across the company’s gaming ecosystem. The initiative enables advertisers to place dynamic and real-time marketing content within games and live experiences, creating new opportunities for engagement across EA’s global audience. New…
-
Coda Octopus Shares Jump After Earnings Beat Despite Revenue Shortfall (CODA)
Coda Octopus Group, Inc. (NASDAQ:CODA) shares climbed nearly 9% in premarket trading on Monday after the underwater technology specialist reported fiscal second-quarter 2026 earnings that surpassed analyst expectations, even as revenue came in below forecasts. The company delivered stronger profitability during the quarter, supported by expanding margins and lower operating costs. Earnings Outperform Expectations For…