Shares of semiconductor equipment giant ASML Holdings (NASDAQ: ASML) rallied 10.7% in June, according to data from S&P Global Market Intelligence. A report came out early in the month that a key customer would be buying ASML’s most advanced, and most expensive, extreme ultraviolet lithography (EUV) machine at the end of this year — ahead […]
Traders anticipate a deeper drop for bitcoin (BTC) in the coming weeks, despite a strong equity market and favorable U.S. crypto policies, pointing to selling activity from miners and general profit taking. Bitcoin’s upper potential may be limited due to miners’ cash demand, with on-chain data showing an increase in the transfer of BTC from […]
Building wealth can take decades, or if you own Nvidia (NASDAQ: NVDA), it can take about a year. Over the past year, the stock has risen a remarkable 165% due to accelerated growth related to heavy investing in artificial intelligence (AI) across the technology space. But it’s not alone in creating massive investment returns. Arm […]
NEW YORK (Reuters) – Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill’s update, posted on Reddit after the close of trading, showed the value of […]
NEW YORK (Reuters) – Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. Gill’s update, posted on Reddit after the close of trading, showed the value of […]
What you need to know Copilot+ PCs with Snapdragon X processors are set to start shipping on June 18, 2024. Arm has called on Qualcomm to destroy and stop using Snapdragon X chips and any processors derived from Nuvia designs. Qualcomm purchased Nuvia for $1.4 billion in 2021, and Arm later sued Qualcomm for Qualcomm’s […]
MicroStrategy has announced its intention to sell US$500 million in convertible bonds, specifically to finance the purchase of more Bitcoin. The firm, which currently possesses 214,400 BTC valued at roughly US$14.52 billion, holds over 1% of Bitcoin’s total circulating supply. The bonds, set to mature in 2032, are targeted at qualified institutional buyers, featuring an […]
Arm Holdings (ARM) recently joined IBD’s IPO Leaders screen and saw a massive 8% jump in its stock price Wednesday. X Traders who are willing to bet that Arm stock will stay above 130 for the next few weeks so could look at a bull put spread trade. As a reminder, a bull put spread […]
Colin Huang Zheng, the 44-year-old founder of PDD Holdings, and Zhang Yiming, the 41-year-old founder of ByteDance, are the richest tech entrepreneurs in China, according to a list published by Chinese magazine New Fortune on Wednesday. Huang, whose wealth is largely derived from the popularity of budget e-commerce platforms Pinduoduo and Temu, has a personal […]
One of the biggest catalysts propelling the market rally since early last year is the proliferation of artificial intelligence (AI). On the other hand, the uncertain state of the economy and stubborn inflation have acted as counterweights, helping to limit investor exuberance. The Federal Reserve Bank has remained steadfast in its resolve, refusing to lower […]
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors, worried about persistently sticky inflation, have reduced their exposure to longer-dated U.S. Treasuries ahead of the Federal Reserve’s two-day monetary policy meeting this week in which it is likely to hold interest rates steady. The U.S. central bank’s policy-setting Federal Open Market Committee is widely expected […]
Deciding when to purchase a stock is perhaps an investor’s most challenging decision. This is especially true with newly public, unique companies in high-growth industries, like Arm Holdings (NASDAQ: ARM). Arm Holdings stock has more than doubled since its initial public offering (IPO) around nine months ago, and many investors are eager to own this […]