Oracle stock price has suffered a major reversal as concerns about the artificial intelligence (AI) and its soaring debt remain. ORCL dropped to a low of $198, down by over 36% from its highest point this year. Its market cap has dropped from over $967 billion to $530 billion. Oracle stock has crashed amid debt […]
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The crypto market crash eased during the weekend as investors bought the recent dip, and as American stocks rebounded from their Thursday crash. Bitcoin price rose to $86,500 from last week’s low of $80,000. Other top cryptocurrencies were also in the green, with Ethereum, XRP, Solana, and Chainlink rising by over 3% in the last […]
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Zoom stock price has remained in a deep consolidation phase in the past few years as demand for its services waned. It has remained inside the support and resistance levels at $56.27 and $91 since 2022. ZM stock was trading at $78.64, down by over 86% from its highest level since 2020. In contrast, the […]
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PayPoint share price suffered a big reversal after forming a triple-top pattern on the weekly chart and after publishing relatively weak financial results. PAY plunged by over 20% in its worst day in years. It moved to a low of 512p, its lowest point since June last year. PayPoint share price crashed after forming a […]
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US equities advanced on Friday after New York Federal Reserve President John Williams suggested the central bank may have room to cut interest rates again in December. The comments helped the stocks set onto a path to break a two-day slide driven by weakness in artificial intelligence stocks and renewed rate-policy uncertainty. The Dow Jones […]
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Walmart stock price popped by over 6.5% on Thursday as investors reacted to its strong earnings report. WMT jumped to $107, its highest level since October 25, and a few points below the all-time high of $110. Walmart’s business is booming Walmart, the biggest retailer in the United States, announced strong financial results, helped by […]
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The US stock market is on edge today as investors focus on Thursday’s crash following the strong Nvidia earnings. Futures tied to the Dow Jones rose by 0.40%, while those linked to the Nasdaq 100 and S&P 500 indices barely moved. US stock market attempts to rebuild The US stock market is under intense pressure […]
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US stocks surged on Thursday after Nvidia delivered a standout quarterly performance and issued a robust forecast that restored confidence in the artificial intelligence trade underpinning the current bull market. The Dow Jones Industrial Average rallied 621 points, or 1.3%, while the S&P 500 climbed 1.6%. The Nasdaq Composite outperformed with a 2.2% gain. Nvidia […]
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Elon Musk said his artificial intelligence startup xAI plans to build a 500-megawatt data centre in Saudi Arabia in partnership with Humain, the kingdom’s state-backed AI venture. Speaking at a US-Saudi investment forum in Washington, Musk said the project would be powered by Nvidia Corp.’s chips. Humain was established under Saudi Arabia’s sovereign wealth fund. […]
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Top semiconductor ETFs like the Direxion Daily Semiconductor Bull 3x Shares (SOXL), VanEck Semiconductor (SMH), and iShares Semiconductor (SOXX) rebounded in the extended hours after the strong Nvidia earnings and guidance. SOXL jumped by over 8% in extended hours, while SMH and SOXX rose by 2.8% and 2.70%, respectively. This article explores why these funds […]
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