There’s little question that one of the prevailing forces that has been driving the market higher over the past year is the advancement of artificial intelligence (AI). Countering investors’ exuberance about the prospects for that technology are concerns about the Federal Reserve’s ongoing battle with inflation. Interest rates remain at a two-decade high, and investors […]
Several major cryptocurrencies started the week on a high note today amid a confluence of positive catalysts, including potential short squeezes, technical trading tailwinds, and — perhaps most surprising — geopolitical tailwinds from leading Chinese money management firms. When all was said and done, as of the close of Monday’s regular session, the price of […]
Shares of Micron Technology (NASDAQ: MU) popped on Monday morning, jumping by as much as 5%. As of 11:36 a.m. ET, the rally had faded somewhat, though the stock was still up 1.2%. The catalyst that sent the memory and storage chipmaker higher was a vote of confidence from a Wall Street analyst. Increasing prospects […]
Since the beginning of last year, the group of stocks collectively referred to as the “Magnificent Seven” has helped push the market higher. The combination of industry-leading positions and connections to artificial intelligence (AI) has made this group of high-profile stocks a must-have for many investors. However, since the beginning of 2024, there’s been a […]
There’s little question that the catalyst that sparked the current bull market rally is artificial intelligence (AI). The AI gold rush that kicked off last year is gathering steam, but market watchers continue to question the resilience of this upward momentum. However, robust results from one company provided a lift for a number of AI […]
Super Micro Computer (NASDAQ: SMCI), also known as Supermicro, continued to gain ground on Wednesday after a brief pause. The stock was up by as much as 7.2% in morning trading, and as of 11:35 a.m. ET, it was still up by 4.2%. The catalyst that sent the artificial intelligence (AI) server maker higher Wednesday […]
Several major cryptocurrencies rallied on Tuesday amid news of growing crypto adoption and speculation surrounding the timing of the first spot Ethereum-centric exchange-traded fund (ETF) approvals. When all was said and done during today’s regular trading session, the price of Bitcoin (CRYPTO: BTC) was up 4.5%, Ethereum (CRYPTO: ETH) had gained 1.8%, and Dogecoin (CRYPTO: […]
Shares of Super Micro Computer (NASDAQ: SMCI), also known as Supermicro, jumped Thursday, climbing as much as 13%. As of 1:54 p.m. ET, the stock was still up 12.3%. The catalyst that drove the server and storage solution specialist’s stock higher was bullish coverage by a major bank. A Street-high price target Bank of America […]
Shares of Intel (NASDAQ: INTC) climbed right from the start on Monday, rising as much as 3.7%. As of 12:41 p.m. ET, the stock was still up 3.5%. The catalyst that drove the semiconductor company higher were comments by a Wall Street analyst about the state of the chip industry. A potential opportunity News emerged […]
One of the hallmarks of the recent economic downturn was a pause in the digital transformation, marked by a dramatic pullback in cloud spending, as companies turned to cloud optimization in an effort to more efficiently use their existing services. The financial results released by one company today suggest that customers are beginning to pile […]
Shares of artificial intelligence (AI)-related stocks Super Micro Computer (NASDAQ: SMCI), Applied Materials (NASDAQ: AMAT), and C3.ai (NYSE: AI) were rallying on Friday, up 6.1%, 6.9%, and 6.2%, respectively, in Friday trading. None of these stocks had company-specific news to speak of today. However, in general, artificial intelligence stocks continued to power higher on solid news […]
Shares of Shopify (NYSE: SHOP) turned higher on Thursday, climbing as much as 7.4%. As of 1:45 p.m. ET, the stock was still up roughly 3%. While the broader market updraft likely added fuel to its ascent, the e-commerce platform provider was also on the receiving end of some positive commentary from a Wall Street […]