Category: Top Story
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SpaceX retail investors become net sellers for first time since IPO
Retail investors turned into net sellers of SpaceX (NASDAQ:SPCX) shares on Friday for the first time since Elon Musk’s space company completed its initial public offering in June, according to data from Vanda Research. Individual traders sold a net $4.5 million of SpaceX shares on August 7, representing the first day of negative retail flows…
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Meta unveils Muse Glimmer as Zuckerberg backs stronger U.S. open-weight AI push
Meta (NASDAQ:META) launched a new open-weight artificial intelligence model on Monday as CEO Mark Zuckerberg called for the United States to reduce barriers facing domestic developers in order to compete more effectively with Chinese rivals. The new model, called Muse Glimmer, is considerably smaller than the flagship AI systems developed by leading competitors. Rather than…
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Five key market events investors should follow this week
U.S. inflation and retail sales figures are set to dominate the economic calendar this week as investors assess the health of the world’s largest economy against a backdrop of persistent uncertainty surrounding the Middle East conflict. Corporate earnings will also remain in focus, with Cisco Systems (NASDAQ:CSCO) among the most prominent companies scheduled to report…
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Apple reportedly tests CXMT memory chips as AI demand tightens global supply
Apple Inc (NASDAQ:AAPL) is reportedly evaluating memory chips produced by China’s CXMT Corp for use across products including iPhones and MacBooks as surging artificial intelligence investment places increasing pressure on global memory supplies. According to The Wall Street Journal, Apple has also held preliminary discussions with CXMT about potentially sourcing memory components for devices sold…
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Iran demands, Berkshire Hathaway results and U.S. inflation shape market sentiment: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures were mixed but generally positive on Monday as investors weighed diminishing prospects for a rapid resolution to the Iran conflict against expectations for important U.S. inflation data later this week. Markets were also digesting Berkshire Hathaway’s (NYSE:BRK.B) latest results, which showed new chief executive Greg Abel beginning to deploy more of the…
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Strong S&P 500 Earnings Provide Support as AI Stocks Remain Volatile
Strong second-quarter corporate earnings are helping support U.S. equities despite continued turbulence among artificial intelligence-related stocks, according to Goldman Sachs. The bank believes recent weakness in momentum-driven AI names resembles previous periods of consolidation rather than necessarily signalling the end of the investment theme. AI Stocks Enter Consolidation After Powerful Rally Goldman strategists led by…
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Citi Recommends Buying the Dip in Memory Stocks as AI Cycle Gains Momentum
Citi believes the recent sell-off in memory chip stocks presents a buying opportunity, arguing that the artificial intelligence-driven memory cycle is still in its early phases and could ultimately exceed the industry’s previous boom between 2001 and 2007. The bank says the current environment shares many similarities with the long NAND expansion seen during the…
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SocGen Raises S&P 500 Target to 8,000 as Earnings Momentum Spreads
Societe Generale believes the strength of the U.S. earnings season is extending well beyond the technology sector, reinforcing its bullish outlook for equities. In a note to clients this week, the bank reiterated its expectation that the S&P 500 will climb to 8,000 and encouraged investors to “buy the momentum dip.” Earnings Season Continues to…
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Could Copper’s Tariff-Driven Rally Be Running Out of Steam?
Copper prices have surged to near-record levels as markets continue to price in the possibility of new U.S. import tariffs. The rush to move material into the United States has tightened global supplies and pushed physical market indicators higher, but any deviation from current tariff expectations could challenge the premium built into prices. Copper Near…
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UK Stocks Could Prove More Resilient Than U.S. Equities if AI Boom Unravels
The UK stock market may outperform its U.S. counterpart if the artificial intelligence-driven rally comes to an end, according to new analysis from Capital Markets. The research argues that the FTSE 100 is structurally better positioned than many global equity indices to withstand a sharp correction in AI-related stocks. Recent market performance appears to support…