Coinbase Global (COIN) posted its first quarterly profit in two years as trading surged on a new wave of optimism about digital assets, marking a potential turning point for the largest US cryptocurrency exchange. Investors cheered the news, sending the stock of Coinbase up more than 12% in after-hours trading. The stock is down 5% […]
Tag: Frenzy
The stock market’s stellar post-crisis run can’t last forever, and the AI frenzy probably won’t end well, Wharton professor Jeremy Siegel says
Steve Marcus/Reuters The stock market’s stellar 15-year performance can’t last forever, Jeremy Siegel warned. The top economist pointed to the S&P 500’s monster gains since the 2008 financial crisis. He also noted the frenzy for AI mega-cap tech stocks probably won’t end well. The stock market won’t be able to continue its stellar post-2008 crisis […]
Super Micro Computer’s 700% Gain Eclipses Nvidia as ‘Backdoor’ to AI Frenzy
(Bloomberg) — For more than a year, Nvidia Corp. has been the go-to trade for investors seeking exposure to the red-hot growth story of artificial intelligence. And yet there’s a lower-profile stock that has grown faster, rallied way more and is still cheaper than the most magnificent of the Magnificent Seven. Most Read from Bloomberg […]
Novo Nordisk Smashes Past $500 Billion Value on Wegovy Frenzy
(Bloomberg) — Novo Nordisk A/S became the second-ever European company to pass $500 billion in market value, bolstered by an upbeat outlook for its blockbuster obesity drug. Most Read from Bloomberg Novo crossed the milestone on Wednesday, reaching a level only attained by Dior owner LVMH, as its shares extended recent gains. The Danish pharma […]