Category: Top Story
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Broadcom Shares Fall 3.2% as AI Development Debate Weighs on Semiconductor Stocks
Broadcom (NASDAQ:AVGO) shares fell 3.2% in pre-market trading on Monday to $350.48 as semiconductor stocks declined following calls from technology executives for a slower pace of advanced artificial intelligence development. The decline came as investors assessed the potential implications of a change in the pace of AI development for semiconductor companies with exposure to data-centre…
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Adobe Shares Rise 2.2% as Investors Assess Quarterly Results and Raised Guidance
Adobe (NASDAQ:ADBE) shares rose 2.2% in pre-market trading as investors continued to assess the software company’s fiscal third-quarter 2026 results and updated full-year guidance. Adobe reported record quarterly revenue and earnings above consensus estimates. The company also raised its forecasts for full-year revenue and adjusted earnings per share. The shares remained below their 52-week high…
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Intel Shares Fall 6.4% as AI Development Slowdown Debate Weighs on Chip Stocks
Intel Corporation (NASDAQ:INTC) shares fell 6.4% in pre-market trading on Monday as semiconductor and AI-linked stocks declined following comments from technology executives about the pace of advanced artificial intelligence development. Anthropic CEO Dario Amodei published an essay over the weekend calling for a coordinated slowdown in frontier AI development, arguing that AI capabilities were progressing…
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Apple iPhone 18 Pro Delivery Lead Times Below Last Year, JPMorgan Says
Early delivery lead times for Apple (NASDAQ:AAPL)’s iPhone 18 Pro and Pro Max are generally shorter than those recorded during last year’s iPhone 17 launch, according to JPMorgan, which said the data could partly reflect consumers waiting for Apple’s planned foldable device. Apple announced the iPhone 18 series on September 9, with pre-orders for the…
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Dell Shares Reach Record High After RBC Starts Coverage With Outperform Rating
Dell Technologies (NYSE:DELL) shares rose 11.98% on Friday to close at a record $567.29 after RBC Capital Markets initiated coverage of the company with an outperform rating. RBC set a price target of $640 for Dell, citing the company’s server order backlog and demand for infrastructure designed for artificial intelligence workloads. The stock’s Friday advance…
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Five Things to Watch in Markets This Week: AI, Fed, BOJ, BOE and Hormuz
Artificial intelligence policy, three major central bank decisions and developments surrounding the Strait of Hormuz are among the main issues for markets this week. Comments from Anthropic CEO Dario Amodei about slowing the development of advanced AI models have drawn attention to the potential implications for technology investment. Meanwhile, the Federal Reserve and Bank of…
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US Stock Futures Fall as AI Safety Concerns and Middle East Developments Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved lower on Monday as investors assessed calls for a slowdown in advanced artificial intelligence development, upcoming Federal Reserve policy decisions and renewed uncertainty surrounding oil supplies from the Middle East. At 03:04 ET (07:04 GMT), Dow futures were down 63 points, or 0.1%, while S&P 500 futures declined 46 points, or…
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HSBC Raises 2026 S&P 500 Target to 8,100 on Earnings Outlook
HSBC raised its year-end 2026 target for the S&P 500 to 8,100 from 7,650, citing corporate earnings that have exceeded its previous expectations. Strategist Nicole Inui said the revision was driven mainly by earnings. First-half 2026 earnings-per-share growth was close to 40%, while HSBC expects growth of more than 25% during the second half. The…
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Citi Says Global Equity Flows Weaken as Investor Positioning Remains Relatively Stable
Global equity flows have weakened while overall investor positioning has remained relatively stable, according to Citi’s latest positioning analysis. Citi strategists said U.S. positioning remains modestly bullish, although declining gross exposure indicates reduced investor participation. European markets recorded a more pronounced deterioration in flows, while bearish positioning increased in Asian markets, particularly the KOSPI and…
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d OECD commercial oil inventories have “barely drawn since the war began,” reflecting a smaller-than-expected supply deficit and the concentration of inventory declines in strategic reserves, oil stored on water and China.
Goldman also assumes that Middle East oil supplies will continue to adapt, with production gradually recovering during the second half of 2027 as pipelines become operational. The strategists said low visible global oil inventories and low OECD strategic reserve levels do not necessarily indicate an imminent increase in prices. When visible global inventories reached an…