AI Is Running 89% of Global Trading: Here is what you need to know
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Dow rises while Nasdaq slides on oil surge, Treasury yields pressure tech
US stocks ended mixed on Monday as investors monitored rising oil prices, elevated Treasury yields, and escalating tensions in the Middle East, while technology stocks extended their recent pullback after a record-setting rally earlier this month. The Dow Jones Industrial Average
Regeneron stock drops double digits on oncology trial failure
Shares of Regeneron Pharmaceuticals (REGN) fell about 12% on Monday, making the biotech company the worst-performing stock in the S&P 500 after its experimental melanoma treatment failed a pivotal late-stage clinical trial. The sharp selloff followed Regeneron’s announcement that its high-dose
Seagate stock slides 7% as AI demand sparks capacity fears
Shares of Seagate Technology (STX) fell sharply on Monday after comments from CEO Dave Mosley raised investor concerns that the company may struggle to keep pace with surging artificial-intelligence-related demand for data storage solutions. Seagate shares dropped roughly 7% during trading
Why is Micron stock falling 7% today?
Shares of Micron Technology (MU) fell sharply on Monday as investors weighed the impact of potential labor disruptions at rival Samsung Electronics and broader questions surrounding the future of memory-chip demand in the artificial intelligence market. Micron stock dropped more than
Why are Trump’s rare earth stocks crashing today?
US rare earth miners are seeing immense pressure today (May 18) due to a combination of cooling global commodity prices, geopolitical headline shifts, and company-specific supply-side risks. MP Materials (MP) and USA Rare Earth (USAR) – two of them in which
Elon Musk loses OpenAI lawsuit as Jury backs Sam Altman
A California court delivered a major legal setback to Elon Musk after a jury rejected his claims against Sam Altman and OpenAI, dealing a blow to the billionaire’s effort to challenge the AI company’s transition into a for-profit business. After less
Why is Netflix stock beating the broader market today?
Shares of Netflix (NFLX) gained roughly 2% on Monday, bucking broader market weakness after Bank of America reiterated its bullish outlook on the streaming giant and maintained a $125 price target on the stock. The move came even as Netflix
Why Nvidia stock is down around 1.5% today
Shares of Nvidia (NVDA) slipped Monday as investors paused following the stock’s recent rally and turned their attention to the chipmaker’s earnings report later this week. The stock fell roughly 1.5% to around $222.97 in morning trading after dropping 4.4% on
HIVE stock soars on AI announcement but gains may be short-lived
HIVE Digital (HIVE) ripped higher on Monday after announcing a plan to set up a C$3.5 billion ($2.55 billion) artificial intelligence (AI) gigafactory in Toronto. This mega-facility will draw roughly 320 megawatts of utility power – and is designed to host