Key Points Elon Musk’s company rewrote record books over the last eight weeks with Wall Street’s largest-ever initial public offering (IPO). SpaceX’s staggered and accelerated share-unlock schedule enables select insiders to begin selling their shares on the second trading day after the company’s first earnings report as a public company. SpaceX’s historically low float may
ASML Holding raised its financial guidance for 2026 on Wednesday after reporting stronger-than-expected second-quarter earnings and announcing plans to increase capacity. The results showed that robust demand for artificial intelligence chips continues to fuel investment across the semiconductor industry. The Dutch company, the world’s largest supplier of semiconductor manufacturing equipment, now expects full-year 2026 net
Crypto exchange Bitrue has launched an artificial intelligence-powered trading platform that lets users build and activate automated strategies without writing code, as demand for AI-linked markets accelerates among its customers. The product, called Bitrue AI, can generate a personalised strategy in about 10 seconds after a user selects an asset and preferred risk level, according
SpaceX stock (NASDAQ: SPCX) briefly looked unstoppable after the world’s largest initial public offering, but almost all the early excitement has now disappeared. Shares closed Tuesday at $136.08, only $1.08, or 0.8%, above the $135 offering price. The stock has fallen almost 40% from its June 16 intraday peak of $225.64, wiping an estimated $1.2
US stock futures were mixed on Monday as a fresh US-Iran escalation hit semiconductor stocks and pushed investors towards a more defensive start to the week. Nasdaq 100 futures led the decline, dragged lower by memory-chip names, while Dow futures held slightly higher. The move came after Iran said it had closed the Strait of
Netflix stock has been in a sharp downtrend over the past 12 months, erasing billions of dollars in market capitalization. It dropped to $73 last week, about 45% below its all-time high. Although the decline has made the stock look attractively valued, there are increasing signs that it could be becoming a value trap as
Apple’s decision to sue OpenAI marks one of the biggest legal confrontations yet in the artificial intelligence industry, transforming what was once a strategic partnership into an increasingly bitter rivalry. The iPhone maker alleges that OpenAI systematically acquired Apple trade secrets to accelerate its ambitions in AI hardware, accusing the ChatGPT creator of using former
Goldman Sachs stock has pulled back more than 6% from its year-to-date high and has gradually formed a risky chart pattern ahead of its second-quarter earnings on Tuesday. The stock was trading at $1,055 and appears vulnerable to further downside despite expectations for strong earnings. Goldman Sachs stock is at risk of falling after earnings
The Roundhill Memory ETF (DRAM) slumped by over 8% in the pre-market session as the volatility in the industry escalated. It dropped to $937, down by 25% from its highest point this year. SK Hynix stock crashed in South Korea DRAM ETF is a relatively new fund that was launched in April to give investors
The Philadelphia Stock Exchange Semiconductor Index (SOX) is exhibiting “severe” technical turbulence, signaling a potential drawdown of up to 17%, according to investment bank BTIG. While the group maintains a staggering year-to-date advance exceeding 80%, recent session-to-session churning indicates that institutional exhaustion may be setting in. As momentum shifts from structural tailwinds to tactical vulnerability