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Super Micro Computer Stock Surges as AI Demand Drives Shipments
Annabelle Chih / Bloomberg / Getty Images Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024 Key Takeaways Super Micro Computer shares…
Why Super Micro Computer Stock Popped Monday
Super Micro Computer (NASDAQ: SMCI) stock has been under pressure for the last several months. But an update from the company had shares soaring today. Investors have been concerned about…
Super Micro shares surge as AI boom drives 100,000 quarterly GPU shipments
(Reuters) – Super Micro Computer (SMCI) said on Monday it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of liquid cooling products, sending…
Jensen Huang On China Sanctions – ‘We’re Exporting American Technology Which Is Really Terrific For The U.S.,’ Says Government Backs Nvidia
Nvidia (NASDAQ:NVDA) CEO Jensen Huang recently discussed the problems created by U.S. sanctions against China and how they are harming Nvidia’s business. While the tech giant is facing restrictions on…
US Supreme Court rebuffs Uber, Lyft bid to avoid California driver suits
By Daniel Wiessner (Reuters) – The U.S. Supreme Court declined on Monday to hear a challenge by Uber (UBER) and Lyft (LYFT) to lawsuits by the state of California on…
Dow, S&P 500, Nasdaq slip as investors rethink rate cut bets
US stocks slipped on Monday as investors overhauled their views on interest rate cuts after a blowout jobs report ahead of a week of key inflation data and the start…
Technical Assessment: Bullish in the Intermediate-Term
Technical Assessment: Bullish in the Intermediate-Term Source Link
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Sports·Associated Press AP Top 25: Texas returns to No. 1, Alabama drops to No. 7 after upsets force reshuffling of rankings It was a week of upheaval in The Associated…
Want to Get Richer? 2 Top ETFs to Buy Now
Exchange-traded funds (ETFs) can provide you with simple, low-cost ways to invest in the stock market. Some of the best funds make it easy to quickly gain exposure to an…
Saudi Arabia opens doors to Hong Kong stocks with launch of 2 ETFs at month-end: SFC CEO
Middle Eastern traders will soon be able to invest in Hong Kong stocks via two exchange-traded funds (ETFs) tracking benchmarks in the city once they are listed on the Saudi…
How a rates rethink after strong US jobs data could shake up markets
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) – The reverberations from a blowout U.S. employment number could threaten an assortment of trades predicated on falling interest rates,…
Asian shares climb after blockbuster US jobs report
Asian shares advanced Monday after a surprisingly strong U.S. jobs report raised optimism about the economy, sparking a rally on Wall Street. U.S. futures slipped and oil prices also fell.…
Goldman Says Surging Chinese Stocks May Advance Another 20%
(Bloomberg) — Goldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a camp of optimists that are touting the positive impact of Beijing’s stimulus…
Activist Starboard Value Takes $1 Billion Stake in Pfizer
(Bloomberg) — Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer Inc. and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according…
Japan leads Asia stock rally, dollar gains after blowout US payrolls
By Kevin Buckland TOKYO (Reuters) – Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of…
Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say
(Reuters) -Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer and wants the U.S. drug giant to make changes to turn its performance around, sources…
Asian Stocks Eye Early Gains After US Jobs Report: Markets Wrap
(Bloomberg) — Most Asian stocks are set to open higher in early trading after strong US jobs data underscored the health of the world’s largest economy and boosted soft landing…
Does Intel’s New $3 Billion Pentagon Deal Make the Stock a Buy?
Semiconductor stocks have been some of the biggest winners from the red-hot artificial intelligence (AI) race. Among higher-profile chip companies is Intel (NASDAQ: INTC), which recently won a deal worth…
Lithium miner Arcadium confirms Rio Tinto takeover approach
(Reuters) -Rio Tinto, has made an approach to buy lithium miner Arcadium, the two parties said in separate statements on Monday, without revealing any financial details. “The approach is non-binding…
JPMorgan’s strategy chief on why investors should dial back risk amid market distortions
David Kelly, chief global strategist, JPMorgan Asset ManagementJPMorgan Asset Management Indexes have soared on strong economic data and a big rate cut from the Fed. Yet, as markets eye a…
Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise
(Bloomberg) — The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates – had…
The hiring rate trending lower could be a sign of problems to come
A version of this post first appeared on TKer.co The stock market climbed to all-time highs, with the S&P 500 setting a closing high of 5,762.48 on Monday. For the…
Oil stocks have more room to run as tension in the Middle East escalates
Oil may get another run as liquid gold. Crude (CL=F) futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the…
‘This is Wrong … You’re Not Going to Be a Millionaire’
Family and money don’t always mix well, as Dave Ramsey made clear when Philip from Washington, D.C., called in with a tough situation. Two years earlier, Philip’s mother borrowed $7,000…