Shares of Oracle fell sharply on Wednesday after a report raised fresh questions about financing for one of the company’s flagship artificial intelligence infrastructure projects. Oracle stock dropped more than 1% in premarket trading after the Financial Times reported that Blue Owl Capital would not back a proposed $10 billion data centre deal. Losses deepened
Nvidia’s stock dropped over 2% on Wednesday as investors cashed in gains after a powerful run-up. Wednesday’s sell-off marks a classic bout of profit-taking in one of this year’s most crowded trades. The pullback came after months of outperformance and arrived as fresh headlines on competition, China export rules, and shifting macro sentiment gave traders
Bitcoin’s price remained stuck in a narrow range as a series of macroeconomic factors kept market activity constrained. The total crypto market cap edged slightly lower, with buying and selling pressure both subdued during a week filled with key macro developments. As of press time, overall market capitalisation hovered just above the $3 trillion mark.
Medline stock made a blockbuster debut on Wednesday with its IPO listing at $29 per share. The company raised roughly $6.26 billion and hit the public markets with an implied valuation near $50 billion, making it the year’s biggest listing. The Northfield, Illinois-based medical-supplies giant, backed by Blackstone, Carlyle, and Hellman & Friedman, upsized the
Tesla stock came under pressure on Wednesday after touching an all-time high earlier in the session, as investors reacted to fresh regulatory scrutiny in California that could complicate the company’s ambitions for self-driving technology. The stock was down more than 3% at around $476, retreating from record levels reached earlier in the day. The pullback
The Cardano market is navigating a decisive phase as price action compresses around a long-defended technical zone. At press time, Cardano (ADA) was trading near $0.396, up about 2.7% over the past 24 hours. But despite the short-term bounce, ADA price remains down roughly 14% on the week and close to 19% over the past
Bitcoin Cash (BCH) is among top gaining coins as top cryptocurrency Bitcoin (BTC) jumps to above $71k. The price of several altcoins have also tracked the BTC upside in the past few days, with Tezos (XTZ) climbing from lows of $0.62. As Bitcoin eyes a potential run to a new all-time high, on-chain data suggests
Tezos (XTZ) has recently captured the attention of investors with a dramatic price surge. The altcoin’s price soared more than 64% in just 24 hours, reaching its highest point in eight months at $1.40, driven by a combination of strategic announcements and growing network activity. As of today, Tezos is continuing to push its boundaries,
Tezos, a proof of stake blockchain, has unveiled the world’s first decentralised Uranium trading market place dubbed Uranium.io. According to a December 3 announcement, the platform has been deployed on Etherelink, a layer 2 blockchain on the Tezos network. Uranium.io is a decentralized application, that will allow users to connect their digital wallets, complete Know
