Category: Top Story
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Advanced Micro Devices Shares Rise After Raymond James Upgrades Stock to Strong Buy
Advanced Micro Devices (NASDAQ:AMD) shares gained 2.5% in pre-market trading after Raymond James upgraded the semiconductor company from Outperform to Strong Buy and lifted its price target to $641 from $565. The broker pointed to what it considers an attractive valuation and a compelling long-term growth opportunity, particularly in the market for server CPUs supporting…
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Nvidia Earnings Put Rubin Growth Story and AI Financing Strategy Under the Spotlight
Nvidia (NASDAQ:NVDA) will face a major test when it reports results on Wednesday, with investors looking for evidence that its next-generation Rubin chips can sustain the company’s rapid growth while scrutiny increases over the financing behind the artificial intelligence infrastructure boom. The chipmaker has emerged as the dominant beneficiary of massive investment in AI computing…
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U.S. Expands Iran Sanctions as Bitcoin Breaks $80,000 and Markets Await Nvidia: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved higher on Tuesday as investors looked ahead to Nvidia (NASDAQ:NVDA) earnings and key inflation data later in the week, while markets assessed Washington’s expanded sanctions campaign against Iran. Bitcoin (COIN:BTCUSD), meanwhile, extended its rally above $80,000. Oil prices moved lower following the White House’s announcement of measures aimed at further isolating…
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Chip Selloff Sinks the Nasdaq as the Dow Grinds to a Fresh Record
Wall Street split down the middle on Monday, with a sharp drop in semiconductor stocks dragging the technology-heavy Nasdaq lower even as the Dow Jones Industrial Average pushed to a new closing high. The pullback in chips overshadowed a friendlier move in Treasury yields and a steady rotation into defensive corners of the market, leaving…
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U.S. Stocks Set for Cautious Open Ahead of Nvidia Earnings and Jackson Hole: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to a broadly flat start on Monday, suggesting Wall Street could struggle for direction as investors look ahead to Nvidia’s (NASDAQ:NVDA) quarterly results and the Jackson Hole economic symposium later this week. The muted outlook follows Friday’s rebound, when the major indices recovered some ground after Thursday’s sharp sell-off. Despite those…
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UPS Commits More Than $2 Billion to Expand Global Logistics Network
UPS (NYSE:UPS) is investing more than $2 billion across its International, Healthcare and Supply Chain Solutions operations as the logistics group expands infrastructure and services across Europe, Asia-Pacific and the Americas. The investment programme began in 2024 and is expected to run through 2028, with UPS directing capital towards new logistics hubs, healthcare capabilities, freight…
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Exxon Expands Automated Drilling in Permian to Boost Oil Production
ExxonMobil (NYSE:XOM) is stepping up its use of automated drilling technology in the Permian Basin as the U.S. energy major seeks to improve safety, accelerate well development and support a substantial increase in oil production. At automated rigs in West Texas, robotic equipment is increasingly taking over tasks traditionally performed by workers on the drilling…
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Eli Lilly Launches Foundayo Weight-Loss Pill in UK
Eli Lilly (NYSE:LLY) has launched its oral weight-management and type 2 diabetes treatment Foundayo in the UK, making Britain the first European market where the drug is commercially available, the company said on Monday. Foundayo, chemically known as orforglipron, will initially be available through private prescriptions after receiving authorisation from the UK’s medicines regulator on…
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Nvidia Reportedly Weighs Perplexity Investment at More Than $30 Billion Valuation
Nvidia (NASDAQ:NVDA) is reportedly holding talks about investing in artificial intelligence startup Perplexity through a new financing round that could value the company at more than $30 billion, according to The Information. The discussions centre on a funding round potentially worth several billion dollars, with Nvidia among the prospective investors, the report said, citing people…
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AI Trade in Focus as Nvidia Earnings and Iran Sanctions Keep Markets on Edge: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved lower on Monday as investors prepared for Nvidia’s (NASDAQ:NVDA) quarterly results later in the week, with uncertainty surrounding the artificial intelligence trade combining with geopolitical tensions between Washington and Tehran to weigh on sentiment. Markets are also looking towards Federal Reserve Chair Kevin Warsh’s appearance at Jackson Hole, where investors will…