Micron Technology Inc. , a major player in the computer memory chip industry, is riding high on the AI wave. Their shares have soared, marking the biggest jump in eight months. Why? Because the company is cashing in on the AI boom, with demand for their products skyrocketing. The company recently s
Oil prices have taken a hit, dropping from around $70 to just over $56 per barrel. This drop is tough on big oil companies like ExxonMobil, who make a lot of their money from drilling and producing oil. ExxonMobil has some of the best oil fields in the world, like the Permian Basin in the U. S. and
Cathie Wood's Ark Invest made some big moves in the crypto world recently. They bought a lot of shares in Bitmine Immersion, Coinbase, and Bullish. But they also sold some shares in Shopify and a few other companies. This all happened while Bitcoin and Ethereum were losing value. Bitmine Immersion
HashKey Holdings, the big player in Hong Kong's crypto world, just had its first day on the stock market. Their shares went up a bit, showing that people are interested. They sold a lot of shares and made around $206 million. The company is now worth about $18. 5 billion. This is a big deal because
The market has been on a downhill streak, with the S&P 500 experiencing its fourth straight losing session. The tech sector, particularly those listed on the Nasdaq, is leading the decline. Investors are growing anxious about the rapid pace of spending on artificial intelligence infrastructure. A r
KULR Technology Group, Inc. made waves in the tech world recently. Their stock went up and then down. This happened after they announced a new partnership. The partnership is for AI data center power systems. The company is teaming up with a global cell manufacturer. Together, they will create a ne
The stock market was buzzing with activity at midday, with several companies seeing significant shifts in their share prices. Texas Pacific Land caught the eye of investors, with its shares climbing 8% after teaming up with Bolt Data & Energy. This collaboration aims to build large-scale data center
Tech stocks in the US took a hit recently, with Oracle leading the drop. The company's shares fell sharply after its main financial backer, Blue Owl Capital, backed out of a major data center project in Michigan. This news sparked worries among investors about the huge amounts of money AI companies
The stock market might not be in the holiday spirit this year. The S&P 500, a key indicator of market performance, is having a tough time staying above its 50-day moving average. This average is a line that shows the average price of the index over the last 50 trading days. It closed at 6, 800 on Tu
Markets have been on a wild ride lately, leaving many investors confused and frustrated. With just two weeks left in the year, it's a good time to take a step back and look at the bigger picture. The S&P 500 and Nasdaq have been trading in a tight range for over two months, which is not ideal for an
