ADVFN US – Market Content Editor
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Tesla and Samsung Shares Climb After Musk Unveils Major $16.5 Billion Chip Deal
Shares of Tesla (NASDAQ:TSLA) and Samsung Electronics (USOTC:SSNHZ) rose on Monday following Elon Musk’s announcement of a multi-billion-dollar chip partnership between the two tech giants. The deal, valued at $16.5 billion, is expected to significantly support Samsung’s contract chip manufacturing business, which has struggled to turn a profit. Samsung’s stock jumped nearly 7% on the…
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BCA’s Gertken: AI Advances May Trigger Political and Global Turbulence
The rapid expansion of artificial intelligence may lead to both political unrest at home and rising global tensions, according to BCA Research’s Chief Geopolitical Strategist Matt Gertken. In a recent note, Gertken highlighted the potential for AI to disrupt traditional systems of governance and international cooperation. His comments followed two significant moves by the Trump…
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5 Big Analyst AI Calls: Amazon Gets a PT Boost, Apple Under Pressure in GenAI Race
1. Apple Warned: GenAI Strategy Needed or Risk Falling Behind Needham has issued a stark warning about Apple’s (NASDAQ:AAPL) position in the generative AI race. Analyst Laura Martin cautioned that the company risks falling further behind rivals unless it outlines a clear GenAI strategy during its upcoming Q3 earnings. “We do not believe that Apple…
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Wall Street Finishes The Week On A Strong Note
The major U.S. stock markets put together a solid performance on the final day of the trading week, which saw the Dow reverse losses from the previous session and the NASDAQ and S&P 500 hit fresh record closing highs. The markets opened slightly to the upside on Friday and continued to tick higher as the…
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“Traditional money” is entering crypto — Former Goldman Sachs exec explains why
The entry of “traditional money” into the cryptocurrency market is “not surprising,” according to Hong Yea, former Executive Director at Goldman Sachs. He points to recent developments attracting institutional investors eager to diversify their portfolios. Wall Street has funneled $35 billion into Bitcoin-focused exchange-traded funds (ETFs) in 2024, Forbes reported, with an additional $50 billion…
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Needham Warns: Apple Risks Falling Behind Without GenAI Commitment
Apple (NASDAQ:AAPL) must engage more aggressively in the generative AI race or risk long-term strategic setbacks, according to a new note from analysts at Needham. Ahead of Apple’s upcoming third-quarter earnings call, the firm urged caution for investors, citing growing pressure on the company to lay out a clear AI roadmap. “We do not believe…
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Global Markets Weekly Update
Multiple Trade Deals Inked Ahead of Looming Tariff Deadline United States Markets Reach New Highs on Trade Optimism U.S. equities climbed to fresh records, fueled by positive trade developments. The S&P 500 and Nasdaq Composite hit new all-time highs for a second straight week, while the Dow rose 1.26%. Mid-cap and small-cap benchmarks also posted…
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U.S. Stocks Edge Higher to Cap Off Strong Week
U.S. stock markets edged mostly higher on Friday, rounding out a positive week as investors weighed corporate earnings and prospects for new trade agreements. As of 09:32 ET, the Dow Jones Industrial Average was up 67 points, or 0.2%, the S&P 500 gained 9 points, or 0.1%, while the tech-heavy Nasdaq Composite remained largely unchanged.…
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Flagstar Financial reduces losses as credit expenses ease; shares rise slightly
Flagstar Financial, Inc. (NYSE:FLG) posted an adjusted net loss of $0.14 per share for the second quarter on Friday, matching analyst forecasts as the bank advances its shift into a more diversified regional player. Following the earnings release, Flagstar’s stock gained 0.83% in pre-market trading. The bank reported $496 million in revenue for the quarter,…
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Tesla set to debut Robotaxi service in Bay Area this weekend, insiders say
Tesla (NASDAQ:TSLA) plans to roll out its much-anticipated Robotaxi service in the Bay Area as soon as this weekend, according to an internal memo obtained by Business Insider. The electric car maker reportedly informed employees on Thursday that the launch timeline has been accelerated, with some select Tesla owners receiving invites to test the paid…