Shan Ahmed Khan

Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech. His coverage ranges from stocks and technology to economic developments across global markets. He worked in investment research and market analysis before becoming a financial journalist and is a graduate of the Lahore University of Management Sciences (LUMS).

AST SpaceMobile (ASTS) stock jumps 6% as SpaceX-xAI merger lifts U.S. space shares

AST SpaceMobile (ASTS) stock jumps 6% as SpaceX-xAI merger lifts U.S. space shares

Shares of AST SpaceMobile climbed roughly 6.3% to $111.11 by 2:46 p.m. EST Tuesday, after fluctuating between $105.82 and $116.60 earlier, with about 11.5 million shares changing hands. The stock followed a broader rally in U.S. space companies sparked by Elon Musk’s announcement that SpaceX will merge with xAI, valuing the combined entity at $1.25 trillion. Rocket Lab, Planet Labs, and Intuitive Machines also saw gains. Musk predicted that within two to three years, the most cost-effective way to power AI will be from space. Mark Boggett of Seraphim Space called the deal “the strongest validation yet that space will be the backbone of the next wave of AI.”
Robinhood stock sinks nearly 10% as Bitcoin slides below $80,000 ahead of Feb. 10 earnings

Robinhood stock sinks nearly 10% as Bitcoin slides below $80,000 ahead of Feb. 10 earnings

Robinhood shares dropped 9.62%, closing at $89.91 on Monday, dragged down by bitcoin’s slide even as the broader market gained. The retail broker, which earns most of its revenue from payment for order flow — fees for routing customer trades — faced investor concerns that the crypto slump could dampen trading volumes. Trading volume surged to 59 million shares, roughly 136% above its three-month average. Meanwhile, Charles Schwab and Interactive Brokers Group both closed higher.
Bitcoin breaks below $75,000 as forced selling piles into crypto slide

Bitcoin breaks below $75,000 as forced selling piles into crypto slide

Bitcoin dipped to roughly $74,600 in early Asian trading Wednesday, deepening a steep crypto sell-off that forced many out of leveraged positions. Data from CoinGlass revealed $2.56 billion worth of bitcoin positions wiped out in the past few days. Adam McCarthy of Kaiko noted that “people [are] taking a step back while they have to reassess their risk frameworks.”
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Buy

Alphabet

Alphabet (NASDAQ:GOOGL) 92/100 ★★★★★
#2 Buy

Amazon

Amazon (NASDAQ:AMZN) 90/100 ★★★★★
#3 Accumulate

NVIDIA

Nvidia (NASDAQ:NVDA) 89/100 ★★★★½
#4 Accumulate

Microsoft

Microsoft (NASDAQ:MSFT) 86/100 ★★★★☆
#5 Selective buy

Meta Platforms

Meta Platforms (NASDAQ:META) 84/100 ★★★★☆
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Empire State Manufacturing

A figure above or below the 12.0 consensus could impact Treasury yields, the dollar, and cyclical stocks by influencing short-term growth outlooks.

#2

NAHB Housing Sentiment

A reading above or below 33 will influence expectations for housing demand, mortgage rate trends, and homebuilder stocks.

#3

Fabrinet After the Close

Investors are focusing on revenue, margins, and comments on datacom as key factors for companies involved in optical networking and AI infrastructure supply chains.

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Times and estimates may change. Verify before trading.