Category: Latest News
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IREN Shares Jump 15% Following Major NVIDIA GPU Expansion for AI Cloud
IREN Limited (NASDAQ:IREN) saw its stock rise by 15% after announcing a substantial investment in next-generation NVIDIA (NASDAQ:NVDA) Blackwell GPUs. The company confirmed the purchase of 2,400 GPUs, valued at roughly $130 million including installation costs, fully financed through existing cash reserves. The acquisition consists of 1,300 B200 and 1,100 B300 GPUs slated for installation…
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Maase Shares Slide Following Announcement of $21 Million Private Placement
Shares of Maase Inc. (NASDAQ:MAAS) fell sharply by 12.2% after the company revealed it had entered into a definitive agreement for a private placement expected to raise around $21 million in gross proceeds. Under the terms of the deal, Maase will issue 10 million Class A ordinary shares at $2.08 each, accompanied by warrants to…
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Nvidia Stock Reaches Record High at $158.72
Shares of Nvidia Corporation (NASDAQ:NVDA) soared to a new all-time peak, closing at $158.72 per share, pushing the company’s market value to an impressive $3.84 trillion. This marks a substantial 22.6% gain over the past year, highlighting growing investor enthusiasm and confidence in Nvidia’s future. The company’s remarkable performance is fueled by its dominant position…
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U.S. Job Growth Surpasses Expectations in June
New data from the Labor Department released Thursday reveals that employment in the United States rose more than analysts had predicted during June. Non-farm payrolls increased by 147,000 jobs last month, following a revised gain of 144,000 jobs in May. Experts had forecasted a more modest rise of 110,000 jobs, compared to the initially reported…
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Dow Jones, S&P, Nasdaq, Wall Street Set for Modest Gains as Strong Jobs Report Boosts Sentiment
U.S. stock futures pointed to a slightly higher open on Thursday, as investors digested stronger-than-expected employment data and recent bullish momentum in tech stocks. Buying interest ahead of the bell was supported by new figures from the U.S. Labor Department, which showed job creation in June exceeded analyst expectations. According to the report, non-farm payrolls…
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BlackRock Weighs Selling Saudi Gas Pipeline Stake Back to Aramco — Bloomberg
BlackRock (NYSE:BLK) is reportedly in early-stage talks to divest its minority stake in a Saudi Arabian gas pipeline venture, potentially selling it back to Saudi Aramco, according to a Bloomberg report citing sources familiar with the matter. The discussions, while ongoing, are said to be preliminary and may not result in a finalized transaction. Should…
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Apple App Store Revenue Climbs 12% in June as Non-Gaming Apps Gain Ground
Apple’s (NASDAQ:AAPL) App Store continued its growth trajectory in June, with global revenue rising 12% year over year, according to a research note from Bank of America (BofA). The increase was largely driven by a shift in consumer spending toward non-gaming categories, suggesting a broader revenue base for the tech giant. Citing data from SensorTower,…
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AI, Crypto, and Tech Dominate June Trading Among Robinhood U.K. Users
Investor interest in artificial intelligence, cryptocurrencies, and high-growth tech stocks remained strong in June, according to the latest trading update from Robinhood U.K. The platform’s data showed that companies like Nvidia (NASDAQ:NVDA), CoreWeave (NASDAQ:CRWV), and Applied Digital (NASDAQ:APLD) led trading volumes during the month. Nvidia, which briefly claimed the title of the world’s most valuable…
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Tesla Shares Jump After Q2 Deliveries Beat Gloomy Forecasts Despite Annual Decline
Tesla (NASDAQ:TSLA) saw its stock surge nearly 5% on Wednesday after reporting second-quarter vehicle deliveries that, while lower than last year’s figures, exceeded some of Wall Street’s more cautious expectations. The rally continued into early Thursday, with shares up an additional 1% by 6:00 am ET. The electric vehicle manufacturer reported delivering 384,122 vehicles in…
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Dow Jones, S&P, Nasdaq, U.S. Stock Futures Inch Up as Investors Await June Jobs Data and React to U.S.-Vietnam Trade Deal
U.S. stock futures showed modest upward movement on Thursday as traders prepared for the release of June’s critical nonfarm payroll report. At the same time, market participants weighed the implications of the newly announced trade agreement between the United States and Vietnam. The White House continues its push to secure bilateral trade deals ahead of…