Category: Top Story
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Wall Street Surges as Trump Halts Iran Strikes, SpaceX IPO Excitement Builds
Stocks staged a powerful rally on Thursday, with all three major indexes climbing sharply after President Trump called off a planned third night of military strikes against Iran and signaled progress toward a ceasefire deal. The about-face from earlier in the day — when Trump had threatened to seize Iran’s Kharg Island oil hub —…
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Markets in Motion: volatility spikes as investors brace for major IPO
Market volatility rises as traders reposition Investors are navigating a week marked by heightened volatility, shifting market leadership and anticipation around one of the largest IPOs ever brought to market. In this week’s Markets in Motion, Bruce Campbell highlights a sharp increase in volatility, driven in part by weakness in semiconductor stocks and broader repositioning across…
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New Street Research Sees Further Upside for SpaceX Ahead of Market Debut (SPCX)
New Street Research has initiated coverage of SpaceX (NASDAQ:SPCX) with a 12-month price target of $165 per share, implying potential upside of approximately 22% from the company’s proposed IPO price and valuing the business at around $2.3 trillion following its potential acquisition of Cursor. Analyst Pierre Ferragu outlined a multi-faceted valuation approach that supports a…
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Nvidia Teams Up With Abridge to Build AI Model for Healthcare Applications (NVDA)
Nvidia (NASDAQ:NVDA) has entered into a partnership with Abridge to develop a specialised artificial intelligence model tailored for healthcare use cases, according to a report by the Wall Street Journal. Abridge is known for its AI-powered note-taking platform used by medical professionals. The collaboration reflects growing investment across the technology sector in healthcare-focused AI solutions…
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Musk to Address ASML Event as SpaceX IPO Nears and Terafab Plans Advance (SPCX)
Elon Musk is set to make a virtual appearance at a technology event hosted by semiconductor equipment leader ASML on Thursday, where he is expected to discuss Terafab, his proposed large-scale semiconductor manufacturing project designed to supply chips for Tesla (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX). The appearance comes as investors await the pricing of SpaceX’s initial…
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OpenAI’s Sam Altman to Hold AI Strategy Talks With Samsung Executives in South Korea (OAI)
OpenAI (NASDAQ:OAI) Chief Executive Sam Altman is expected to meet senior executives at Samsung Electronics (USOTC:SSNHZ) next week during a visit to South Korea, where discussions will centre on expanding the use of artificial intelligence across the technology giant’s operations, according to a report from Yonhap News Agency. The visit highlights Samsung’s growing focus on…
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Oracle Beats Earnings Expectations but Shares Slide on Spending and Funding Plans (ORCL)
Oracle (NYSE:ORCL) reported quarterly earnings and revenue ahead of market forecasts on Wednesday and raised its outlook for annual adjusted earnings per share. Despite the strong operating performance, the stock fell 10.1% in premarket trading on Thursday after investors focused on the company’s aggressive capital spending plans and upcoming financing requirements. The software giant revealed…
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Chanos Questions SpaceX Valuation Ahead of Historic IPO
Prominent short seller Jim Chanos has challenged the valuation of SpaceX (NASDAQ:SPCX) ahead of its highly anticipated stock market debut, arguing that the company’s projected $1.75 trillion valuation is difficult to justify based on underlying fundamentals. SpaceX is scheduled to begin trading on the New York Stock Exchange on Friday following a $75 billion offering.…
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U.S.-Iran Conflict, Oracle Outlook and ECB Rate Decision Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
Investors are monitoring a mix of geopolitical tensions, corporate earnings developments and central bank policy decisions, with U.S. stock futures pointing modestly higher after a sharp sell-off on Wall Street. Renewed military exchanges between the United States and Iran remain in focus, while Oracle (NYSE:ORCL) shares have come under pressure following plans to raise significant…
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Inflation Shock and War Fears Drag Wall Street Lower on Wednesday
Stocks sold off broadly on Wednesday as investors digested a hotter-than-expected inflation report and escalating tensions in the Middle East. All three major indexes closed in the red, with the Nasdaq leading losses as technology shares bore the brunt of the selling. The dual headwinds of a renewed inflation scare and fears that the US-Iran…