Apple (AAPL) briefly touched a $5 trillion market capitalization on Tuesday, July 28, changing into solely the second public firm after Nvidia (NVDA) to achieve that degree. Shares climbed to an intraday high of $342.89 earlier than retreating. The rally lands two days earlier than Apple experiences third-quarter earnings on Thursday, marking Tim Cook’s closing…
SK Hynix launched its second-quarter monetary outcomes right this moment, reporting a surge in revenue and income. However, the numbers nonetheless missed analyst estimates. The agency posted income of 79.3 trillion received, beneath LSEG SmartEstimates of 84 trillion received. Operating revenue reached 60.54 trillion received, wanting the 64 trillion received anticipated. AI Demand Powers A…
Some economists need Federal Reserve Chair Kevin Warsh to elevate rates of interest at as we speak’s assembly. They argue the central financial institution’s 2025 cuts left coverage too free, whilst inflation sits above goal. Joe Lavorgna makes that case straight. He serves as chief economist for the Americas at SMBC Nikko Securities America. Lavorgna…
South Korea’s Kospi index and the Nasdaq 100 are transferring in close to lockstep. Their 60-day correlation climbed to about 0.50, the best degree since 2021, based on information from Rayliant Global Advisors. The tightening hyperlink traces again to synthetic intelligence (AI) spending. It now ties Samsung Electronics and SK Hynix to the identical hyperscaler…
Jim Cramer informed CNBC viewers Wall Street is fleeing this yr’s hottest AI shares. He says buyers are transferring into names like Coca-Cola and Walmart, a shift he compares to 2000’s dot-com unwind. The Mad Money host factors to swings in reminiscence chip shares. He additionally cites Alphabet’s stumble after it raised AI spending steering….
Seagate Technology simply handed the AI infrastructure commerce a much-needed win, and it got here from laborious drives, an unlikely nook of the market. Seagate’s shares had slid roughly 8% into Tuesday’s print as buyers had soured on stretched AI valuations throughout chip and storage names. However, Seagate’s fiscal fourth-quarter outcomes flipped that temper virtually…
Google Gemini AI language on this predicts is unusually direct. Trading close to $1.08, XRP sits on the precipice of a serious institutional re-rating heading into the 2026 year-end worth prediction. The case rests on a number of tailwinds converging without delay somewhat than any single occasion. Definitive US regulatory clearance following an SEC and…
As Republican lawmakers in Washington work to discover a strategy to move President Donald Trump’s Safeguard American Voter Eligibility Act, or SAVE America Act, prediction markets are weighing in closely that it’ll not move. Trump was reportedly “dropping persistence” with Senate Majority Leader John Thune final week and this week is demanding Congress stay in…
Liquid staking app Lido has began transferring the majority of its staked ETH onto Ethereum’s bigger post-Pectra validators, and the operators working them at the moment are placing up their very own capital for the primary time. The primary thought is that Lido’s curated node operators cease working 1000’s of an identical 32 ETH validators…
Mark Zuckerberg Meta AI predicts in weeks right here relatively than months. From $64,800, the value prediction is a 60 day breakout with a base case of $78K to $85K by late September, stretching to $90K plus if laws truly lands. Four issues stack collectively within the bull case. The Fed holds this week on…