Nvidia stock (NASDAQ: NVDA) tumbled in the pre-market trading on Thursday after Oracle’s disappointing earnings and elevated capex outlook triggered a broader selloff in AI stocks. Oracle’s earnings miss reignited concerns that the sector’s spectacular spending surge may not deliver profits as quickly as Wall Street hoped. The company posted second-quarter revenue that missed expectations
Micron Technology’s stock continues its rapid ascent, hitting fresh all-time highs this week as Wall Street analysts raise their expectations ahead of the company’s fiscal first-quarter earnings report on December 17. The memory chip maker has become one of the standout beneficiaries of surging demand for artificial intelligence hardware, driving its shares to more than
Applications for unemployment benefits in the United States rose sharply last week, marking the largest increase since the early days of the pandemic. Initial claims rose by 44,000 to 236,000 for the week ending Dec. 6, according to Labor Department data released Thursday. The surge followed an unusually low reading during the Thanksgiving week and
The Walt Disney Company and OpenAI forged a landmark partnership on Thursday in which Disney will invest $1 billion in equity in the AI company. As part of the deal, Disney will grant licensed access to more than 200 of its most iconic characters for use in Sora, OpenAI’s short-form generative video tool. The Disney-OpenAI
US stocks opened mixed on Thursday as Oracle’s troubling earnings report spooked investors despite the Federal Reserve’s dovish rate cut just a day earlier. The S&P 500 fell 0.3%, unable to hold Wednesday’s momentum near record highs, while the tech-heavy Nasdaq Composite retreated 0.7%, reflecting broader concerns about AI spending sustainability. The Dow Jones Industrial
The DJT stock price has collapsed this year as the company’s pivot to the crypto industry backfired, its core business struggled, and Donald Trump’s approval ratings plunged. Trump Media stock was trading at $11.30 on Thursday, a few points above the year-to-date low of $10.18. It remains much lower than the November high of $54.60.
Keel, an on-chain capital allocator eyeing decentralized finance and tokenization adoption on Solana, is eyeing an accelerated growth of this campaign via a new $500 million capital deployment. The move comes as Solana attracts massive attention during its Breakpoint Conference. SOL, the native token of Solana, has shown notable resilience in the past 24 hours.
ExxonMobil is set to discontinue operations at the older of its two steam crackers on Singapore’s Jurong Island starting in March, according to a Reuters report on Thursday. This move aligns with a broader trend in the global petrochemicals sector to cut capacity in response to industry losses. The wind-down, scheduled to begin in March
The British energy regulator has given its approval to a substantial £28 billion (approximately $37.33 billion) investment plan spanning the next five years. This significant financial undertaking is designed to fundamentally ensure the safety, security, and long-term reliability of the nation’s energy system. This massive investment is a central component of a broader, comprehensive upgrade
Escalating military tensions between the US and Venezuela are poised to significantly impact benchmark crude oil prices, as the Trump administration intensifies pressure on Nicolas Maduro’s regime and hints at the possibility of a US incursion. “The loss of Venezuelan volumes would likely result in stronger crude oil prices in the Pacific Basin, with China