The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week’s strong jobs numbers. Still, there is a likelihood that the index and its ETFs like, VOO, SPY,
Astera Labs stock price has gone parabolic in the past few months, mirroring the performance of the semiconductor industry. ALAB jumped to $346 on Monday, up by 253% from its lowest point this year, with its valuation jumping from $16.6 billion in April to $60 billion today. Still, the company faces some major risks, with
US semiconductor stocks began recovering on Monday after suffering a brutal selloff on Friday that wiped roughly $1.3 trillion from the sector’s value, as investors debated whether the decline marked a healthy correction or the start of a deeper downturn for one of Wall Street’s strongest trades. The sharp decline was triggered by a combination
Shares of Corning GLW climbed sharply by 8% on Monday after Amazon unveiled a multibillion-dollar agreement with the advanced glass and fiber-optics manufacturer. The deal will see Corning supply critical networking infrastructure for the technology giant’s expanding US data center footprint. The long-term partnership will see Corning provide optical fiber, cable, and connectivity solutions that
SpaceX is just days away from making stock market history. Elon Musk’s rocket, satellite, and artificial intelligence company is expected to begin trading on Nasdaq on June 12 after pricing its initial public offering the day before. With a targeted fundraise of $75 billion and a valuation approaching $1.8 trillion, the offering is set to
As the race to build ever more powerful artificial intelligence systems accelerates, one of the industry’s leading players is urging the world to consider a possibility that until recently belonged largely to science fiction: machines improving themselves without human intervention. Anthropic, the AI company behind Claude, said on Thursday that the ability to slow the
The countdown to SpaceX’s long-awaited stock market debut is entering its final days. Sixteen years ago, Tesla went public on the stock market, and today, Elon Musk is preparing to take another company public, which is already larger, more ambitious, and arguably far more controversial from a valuation standpoint. Tesla’s IPO raised about $226 million
US stocks moved lower on Friday as a stronger-than-expected May jobs report dampened expectations for interest rate cuts and triggered renewed selling across semiconductor stocks. The Dow Jones Industrial Average was up 20 points while the S&P 500 fell about 0.6%, and the Nasdaq Composite dropped 1.07%. The market reaction followed fresh labor market data
Lululemon Athletica LULU shares fell sharply on Friday after the athletic apparel retailer lowered its annual profit outlook and issued weaker-than-expected sales guidance, deepening investor concerns about the pace of its turnaround efforts. The stock dropped nearly 9% in early trading after the company projected flat to slightly lower revenue for the full year. The
US stocks opened lower on Thursday as a sharp selloff in semiconductor shares following Broadcom’s quarterly results weighed on investor sentiment. Markets were also closely watching rising geopolitical tensions in the Middle East and the release of fresh US economic data. The S&P 500 fell about 0.28%, while the Nasdaq Composite dropped roughly 1%. The