Apple reclaims $5 trillion market cap: what’s driving Tuesday’s rally?
Apple APPL shares touched an all-time high on Tuesday and reclaimed $5 trillion market capitalization as the iPhone maker unveiled a range of new devices in its latest push to…
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Category: Stock
Microsoft stock trades near record highs: here’s why
Microsoft (MSFT) shares climbed on Tuesday, putting the stock on track for a record closing high as the technology company expanded its artificial intelligence infrastructure and regained a market capitalisation…
Bank of America stock: options market predict a jump to $57 after earnings
Bank of America stock has come under pressure in the past two months, mirroring the performance of most banks in the US. After peaking at $65.07 in August, the stock…
Bears in control of JPMorgan stock: can Q3 earnings change that?
Bears are broadly in control of JPMorgan (JPM) stock heading into the bank’s Q3 earnings on Oct. 13 (before market opens), but the derivatives market believes the dynamic will shift…
Why are Micron, SK Hynix stocks falling on Monday?
Micron Technology MU and SK Hynix shares traded lower on Monday as investors assessed the competitive implications of progress by China’s ChangXin Memory Technologies (CXMT) in developing a new memory-chip…
DCF model suggests Cerebras stock is still overvalued
Cerebras Systems (CBRS) shares are extending losses on October 12th as investors continue to reassess the artificial intelligence (AI) infrastructure company’s future prospects. CBRS is now trading at about half…
Nvidia stock takes a hit as portfolio stocks dive and Reflection AI bid is considered
Nvidia stock has pulled back in the past four consecutive days. It has slumped from the all-time high of $243 to the current $230 as investors have remained cautious about…
Evening Digest: Oil falls, Apple cuts iPhone component orders
Oil prices fell as US President Donald Trump signalled a pause in potential strikes against Iran before next month’s midterm elections, easing concerns about supply disruptions. Treasury yields remained elevated…
Dow rises 423 points as tech stocks rebound, telecom shares slide on SpaceX
US stocks rose on Friday as technology shares rebounded from a sell-off earlier in the week, helping Wall Street recover amid elevated Treasury yields, volatile oil prices, and concerns about…