Ethra Ship is seeking to bring maritime assets onto blockchain after spending several years building a shipping business before launching its digital asset infrastructure. The project is taking an approach that differs from many crypto projects that begin with token issuance before developing an underlying business. The project started in 2021 with the creation of
Cloudflare Inc. (NET) shares climbed 7% on Tuesday after Scotiabank upgraded the cloud infrastructure and cybersecurity company, citing growing confidence in its long-term role in artificial intelligence infrastructure and raising its price target on the stock. The brokerage upgraded Cloudflare to Sector Outperform from Sector Perform and increased its price target to $300 from $225,
SpaceX’s (SPCX) valuation has been in the spotlight ever since its historic June 12th initial public offering (IPO) that tagged a market cap of nearly $2 trillion on the space infrastructure and AI titan. And while many believe the company is trading at a stretched multiple, Brian Gesuale, a Raymond James analyst, issued a contrarian
Adobe Inc. (ADBE) shares rose about 4.6% on Tuesday even after Bank of America reinstated coverage of the software company with an Underperform rating. The brokerage argued that generative artificial intelligence is weakening Adobe’s competitive position despite the stock trading near the lower end of its historical valuation range. Bank of America set a price
Oracle Corp. (ORCL) shares gained 1.3% on Monday as investors returned to the stock following a sharp, debt-driven sell-off, amid improving broader market sentiment. The recovery also came as broader market sentiment improved, with the Nasdaq Composite gaining 0.95% and the S&P 500 advancing 0.44%. The move marked a shift in investor sentiment after weeks
Tesla stock (TSLA) rose on Monday, recovering some of last week’s sharp losses after investors sold the stock despite a stronger-than-expected second-quarter delivery report. The rebound came as the electric-vehicle maker expanded its robotaxi service to Miami, adding another city to its autonomous ride-hailing network. Shares of Tesla climbed about 3% to $405.11 in early
Hyperliquid (HYPE) continues to trade close to its all-time high after posting strong gains over the past month. The token was trading at around $69.84 on July 6, leaving it about 9.6% below its record high of $76.87, which was reached on June 16. Over the past seven days, HYPE has gained 11.5%, while its
Semiconductor stocks were in the green on Monday, but Morgan Stanley says recent weakness in the category suggests investors are increasingly looking beyond chipmakers and toward a broader set of beneficiaries from the artificial intelligence boom. In a note released on Monday, the brokerage said the recent weakness in US semiconductor shares suggests market leadership
Strategy MSTR (formerly known as Microstrategy), the largest corporate holder of Bitcoin, disclosed on Monday that it sold 3,588 Bitcoins for approximately $216 million last week. The sale was part of a newly introduced treasury framework designed to support preferred stock obligations and strengthen its cash reserves. The software company sold 1,363 Bitcoins between June
ZIM Integrated Shipping Services (ZIM) stock is under immense pressure this morning following a massive regulatory roadblock to its highly anticipated buyout. The sell-off even saw ZIM sink below its 20-day and 50-day moving averages on Monday, signaling the bears are beginning to take back control across multiple timeframes. Following today’s weakness, ZIM shares are