The US Thanksgiving holiday is upon us. This means more for Americans than for those of us in the UK or Europe, but the break has significance for all investors. For a start, Thanksgiving always takes place on a Thursday when US banks and exchanges close completely. But the holiday season begins the day before,
Wall Street extended its winning streak to four consecutive sessions on Wednesday, with the Dow Jones Industrial Average climbing over 400 points by midday and the S&P 500 and Nasdaq Composite both gaining ground. The rally, driven by optimism over a potential Federal Reserve rate cut in December and renewed appetite for artificial intelligence stocks,
Alibaba Group Holding Ltd. has entered a new phase of its AI expansion by releasing its first pair of smart glasses built on its Qwen models. The launch marks a significant step for the company as it moves deeper into consumer hardware and strengthens its position in China’s growing wearable tech market. The release follows
The White House claims that Trump’s “America First” policies are bringing in trillions of dollars in new investments into the US. They call this the “Trump Effect”. Numbers of up to $21 trillion are being thrown around. But behind these numbers sit very specific projects, diplomatic trades, and accounting tricks. Some are real factories and
Artificial intelligence stocks are not overheating — they are just beginning to show their potential. That is the view of Wedbush Securities analyst Dan Ives, who says Wall Street bears are mistaking a rapid technological shift for exuberance. In his view, the scale of AI adoption and capital investment suggests that markets have not yet
Meta stock (NASDAQ: META) jumped around 3% on Tuesday after reports emerged that it’s negotiating a multibillion-dollar deal to rent and eventually purchase Google’s Tensor Processing Units (TPUs) for its data centers. The company could start leasing TPU capacity from Google Cloud in 2026, with full deployment in company-owned data centers by 2027. The market’s
Apple stock reached a new all-time high of $280.38 on Tuesday, surpassing its previous peak of $277.32 and lifting the company’s market value to $4.12 trillion. The milestone comes after a year of strong share performance and brings Apple within striking distance of overtaking Nvidia to reclaim the title of the world’s largest publicly traded
US markets delivered a mixed but telling performance on Tuesday, with the S&P 500 up 0.6%, the Nasdaq Composite climbing 0.3%, and the Dow Jones Industrial Average rising 1.18%. Behind those gains lies a seismic sector rotation. Nvidia crashed as much as 7% after Meta disclosed it’s negotiating to lease and purchase Google’s TPU chips
Nvidia made headlines on Tuesday after issuing an unusual seven-page memo to Wall Street analysts explicitly denying allegations of accounting fraud “akin to Enron.” The response was triggered by viral claims from Michael Burry, the investor famous for predicting the 2008 financial crisis, and a Substack critique questioning whether AI capex sustainability masks hidden leverage.
Zscaler stock price erased the gains made in the regular session after the company published strong results and a mild forward estimate. It initially rose by 3.35% on Tuesday to $290 and then retreated by over 7% to $266.90 in the extended hours. It settled to the lowest point in September. Zscaler’s reported strong results