Nvidia slide signals S&P 500 risks with AI chip run slowing
U.S. regular trading wasn’t open as of the dateline, and June 26 doesn’t appear as a 2026 NYSE holiday. The next U.S. exchange holiday is set for July 3, Independence Day observed.
Volkswagen 100,000-job cut report links to €23 billion investment freeze
Volkswagen AG may be in for a deeper liquidity crunch than a headline figure on job cuts suggests. Manager Magazin reported that CEO Oliver Blume is targeting up to 100,000 job cuts worldwide, wants to close four German plants, and plans to trim five-year investment by about 15% to a little over €130 billion. Volkswagen would not comment on any internal documents and said the proposals would go through standard review.
Banco Bradesco steady on heavy trading after R$3.5 billion payout
Banco Bradesco S.A. closed unchanged at R$17.65 on Thursday, with volume at 43.97 million shares, running about 42% higher than its three-month average. Shares reached R$18.07 during the session. The Ibovespa climbed 0.94%.
Dow Jones today (INDEXDJX:.DJI): blue chips slip below 52,000 on late slide
Dow Jones Industrial Average picked up 71.72 points, or 0.14%, on Thursday, finishing at 51,920.62. That was well off its best level of the day, after hitting a 52-week high of 52,655.66. The S&P 500 edged down 0.70 point, less than 0.01%, to 7,357.52. Nasdaq Composite dropped 118.03 points, or 0.46%, ending at 25,358.60.
Applied Materials (NASDAQ:AMAT) gains $50 billion as AI memory trade pushes past Street forecasts
Applied Materials, Inc. surged Thursday, with a sharp move that stood out for its scale. Shares traded at $652.07, up $63.10, or 10.7%, as of 1:52 p.m. EDT. The jump boosted the company’s equity value by around $50.4 billion, based on the latest market cap and share count.
Amazon.com (NASDAQ:AMZN) sheds $67 billion on cloud worries, taking shine off Prime Day numbers
Amazon.com, Inc. traded lower Thursday, with the slide outpacing moves seen on Prime Day. Shares were at $228.06, down $6.21, as of 1:33 p.m. EDT. With 10.76 billion shares outstanding, that cut about $67 billion from Amazon’s equity value, according to WSJ data.
Qualcomm gains $16 billion as AI data-center bet faces watchful market
QUALCOMM Incorporated jumped $14.93 to $212.34, after reaching a session high of $224.00. Shares were up 7.6% from Wednesday’s close and touched a 13.5% gain earlier. Latest market cap printed at $227.6 billion, with trading volume near 22.5 million shares.
Dow Jones (INDEXDJX:.DJI) spikes 700 points as price-weighted stocks outpace tech slide
Dow jumps more than 700 points as industrials and banks surge, Nasdaq lagsLate Thursday morning, the Dow rallied 763.79 points to 52,612.69 as tracked by MarketWatch/FactSet. The move left the S&P 500 up 29.46 points. But the Nasdaq fell 86.98 points, weighed down by Apple, Microsoft Corp., Nvidia Corp. and Amazon.com Inc..
Bio-Techne soars after Merck offer at $73 a share; spread remains on cash bid
Bio-Techne Corporation moved into merger-arb territory Thursday morning after Germany’s Merck KGaA said it would acquire the life-sciences tools company for $73 per share in cash. Shares traded at $70.17 at 9:51 a.m. EDT, up 19.18%, leaving a $2.83 spread to the offer.
Hertz Global (HTZ) shares fall, $350 mln note hedge draws attention
Hertz Global Holdings, Inc. comes into Thursday’s U.S. session facing a financing issue tied to its stock that goes beyond the $100 million share sale reported in the headline.
Micron headed for $200 billion jump before the bell on AI memory deals
Micron Technology, Inc. traded 16.7% higher at $1,224.01 in premarket action Thursday. If the price sticks, about $198 billion gets added to its equity value based on Google Finance’s count of 1.13 billion shares. That’s nearly double the $100 billion in minimum-price remaining performance obligations linked to strategic customer agreements that were signed or finished after the last quarter.
Fomo lands $75 million, hitting $880 per user valuation for crypto trading app
Fomo’s $75 million Series B sets a private-market value for consumer crypto trading, not just another funding headline. The New York company raised at a $550 million valuation, FinTech Futures said this week. Index Ventures led the round, with Union Square Ventures and Benchmark also in, according to the report.
Opendoor edges up before Russell 3000 move, soft housing numbers weigh
Opendoor Technologies Inc. finished Wednesday up 1.9% at $4.28. In after-hours action at 6:59 p.m. EDT, shares traded at $4.3499. Regular trading on Nasdaq ended earlier, and the after-hours period goes from 4 p.m. to 8 p.m. ET. Volume hit 36.91 million shares, which is 102% of the 65-day average—about 4.6% of the company’s public float.
AMD holds steady after UBS sets $1.1T target, AI rivalry grows
Advanced Micro Devices, Inc. finished Wednesday little changed. UBS, which had one of the highest targets on AMD, reset its view, but the stock barely moved. Investors didn't rush to buy on another AI-chip call.
Qualcomm move tests Street targets after $15B AI data center outlook
Qualcomm closed Wednesday regular trading near the Street’s average price target. Shares moved higher after the bell when the company released specific revenue figures tied to its AI data center efforts.
Dow ends higher; Nasdaq drifts as AI stocks slip, oil falls
Dow climbs 184 points, S&P 500 inches lower, Nasdaq drops The Dow Jones Industrial Average added 184.03 points, or 0.36%, to finish at 51,850.87 on Wednesday. The S&P 500 slipped 6.97 points, or 0.09%, to 7,358.49. The Nasdaq Composite fell 110.40 points, or 0.43%, settling at 25,476.64.
Joby Aviation drops as air taxi firm seen up against FAA, cash burn issues
Joby Aviation shares dropped Wednesday, with the electric air-taxi stock under pressure as investors kept up focus on U.S. certification, launch timing and how the company is spending cash. A new announcement from Joby didn’t shift sentiment.
Gold slips under $4,000 with traders watching Fed signals
Gold dropped to its lowest in over seven months on Wednesday, slipping under $4,000 an ounce for a short stretch as the dollar gained and traders bet the Fed might raise rates again this year. Spot gold dropped 2.1% to $4,021.99 an ounce by 1405 GMT. U.S. gold futures were down 2.6% at $4,039.30.
Hyperscale Data up after 20 MW AI data center agreement
Hyperscale Data Inc. shares traded higher in New York Wednesday after the company announced a 10-year deal with a California neocloud provider for AI compute at its Michigan campus. The agreement covers the supply of capacity for artificial intelligence work. A neocloud is a cloud firm set up mainly to rent out power for AI.
EchoStar drops after Nasdaq changes ticker to ECHO
EchoStar Corp shares slipped at the open in New York on Wednesday after the company swapped its Nasdaq ticker to ECHO from SATS.
Latest Market Updates
