The Dow Jones and Nasdaq 100 have remained under intense pressure in recent days as concerns about the artificial intelligence (AI) sector persist. The tech-heavy Nasdaq 100 Index (NDX) slumped to 28,840, its lowest level since September 16 and about 8% below this year’s peak. The Dow Jones has also retreated, falling to 52,220, a
AI development is increasingly dependent on the physical infrastructure needed to power data centres, with electricity supply, grid connections and utility investment emerging as critical constraints on the industry’s expansion, according to Goldman Sachs. While advances in AI models continue to drive demand for computing capacity, the infrastructure required to support that growth operates on
The JPMorgan Equity Premium Income ETF (JEPI) and the Schwab US Dividend Equity (SCHD) funds are popular among income-focused investors. JEPI has accumulated over $45 billion in assets, while SCHD has $116 billion in assets, making it the biggest dividend ETF in the world. So, which is a better fund to invest in? SCHD ETF
Nvidia NVDA shares fell more than 4% on Thursday as chip stocks came under renewed pressure, with investors growing increasingly concerned about the financing required to sustain the artificial intelligence boom. The selloff extended across the technology sector, with the Nasdaq Composite down 2.5%, the S&P 500 falling 1.4% and the Dow Jones Industrial Average
Spotify Technology shares SPOT rose on Thursday after the music streaming company forecast fourth-quarter operating income above Wall Street expectations, supported by subscriber growth and investments in artificial intelligence-powered features. The stock gained 8.6% in trading, outperforming a broader market decline driven by renewed concerns about AI spending and technology valuations. Spotify reported revenue of
Jim Cramer sees fresh evidence that 3M’s (MMM) turnaround is gathering momentum – praising the industrial giant after its October 20 earnings report delivered double-digit profit growth and a raised annual guidance. Speaking this morning on CNBC, the famed investor said 3M just posted “a really terrific number,” and credited its chief executive Bill Brown
Samsung Electronics and SK Hynix fell in Seoul on Tuesday despite an overnight rebound in US semiconductor stocks. SK Hynix dropped 3.6% to 1,231,000 won, while Samsung lost 1.5% to 214,500 won by 10:30 am local time. The KOSPI declined 3.2% to 5,587.27. The losses contrasted with Monday’s 1.61% rise in the Philadelphia Semiconductor Index,
Crude oil prices continued the upward trend, reaching its highest level since May 20 as the crisis in the Middle East gained momentum. Brent, the global benchmark, rose to $110, while West Texas Intermediate (WTI) moved to $99.05, well above its July low of $67. Iran continues to shoot ships Brent and West Texas Intermediate
Anthropic’s potential initial public offering is facing an early test of investor appetite, with some prospective and existing investors reportedly considering a valuation of around $1.5 trillion, below the roughly $2 trillion target previously expected for its November listing. The reassessment follows a slowdown in the company’s sequential revenue growth and comes as investors grow
Palantir stock has suffered a big reversal, wiping out some of the gains made since June when it bottomed at $106.5. It dropped to $186.7, down by 12.75% from its highest point this year. Still, analysts are optimistic about the company, citing its strong fundamentals and revenue growth. Palantir stock coincided with the tech sector