Wall Street's main indexes were set to open higher on Thursday as hotter-than-expected economic data did not dent hopes of a pause in rate hikes in September, while investors awaited a highly anticipated Arm Holdings' stock market debut.
The cryptocurrency market has made a solid rebound this year after an unimpressive 2022. The Fed’s aggressive interest rate hike campaign last year to combat multi-decade high inflation impacted all major cryptocurrencies like Bit
After soaring higher through the first half of the year, artificial intelligence (AI) stocks aren't looking like the sure thing they were a few months ago. Perhaps the best example of the change in investor sentiment was the response to Nvidia's (NASDAQ: NVDA) recent blowout seco
Databricks, a data analytics platform using artificial intelligence (AI), said on Thursday it secured more than $500 million in a funding round that valued the company at $43 billion, marking one of the biggest funding events for private tech companies this year amid AI-fueled optimism.
Drug developer Generate:Biomedicines, which uses artificial intelligence (AI) to find new treatments, said on Thursday it has raised $273 million from investors including Nvidia's venture capital arm and Amgen.
SoftBank's chip designer Arm Holdings is set to debut on the Nasdaq on Thursday, in what is expected to be the biggest test for the U.S. IPO market after a listing drought that lasted for nearly 16 months.
Wall Street futures rose on Thursday over expectations the Federal Reserve could pause interest rate hikes in September, while investors awaited Arm Holdings' stock market debut after its IPO turned out to be the biggest since 2021.
Artificial intelligence (AI) is rapidly changing industries in ways that remind veteran investors of the internet frenzy of the late 1990s. The potential is so large that it can be difficult to comprehend.
Artificial intelligence (AI) stocks are getting a lot of attention this year thanks to the rapid proliferation of this developing technology that has the potential to significantly boost the global economy. PwC estimates that AI could contribute a whopping $15.7 trillion to the w
For Immediate ReleaseChicago, IL – September 14, 2023 – Zacks Director of Research Sheraz Mian says, "Had it not been for the continued pressure on Energy sector estimates, the revisions trend for Q3 for the S&P 500 index woul
SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings.
Vietnam's leading tech firm FPT has orders for nearly 70 million chips through 2025 and is eyeing expansion in Artificial Intelligence (AI) and technical training, the company's chief said.
Direxion is rolling out two new exchange-traded funds (ETFs) tied to the price movement in shares of Nvidia Corp, the financial products provider said on Wednesday, seeking to capitalize on excitement over developments in artificial intelligence that helped boost stocks this year.
After back-to-back record-setting performances in 2020 and 2021, the market for initial public offerings (IPOs) hit a slump. The general market downturn last year caused many companies to delay their market debuts, but there's evidence of a rebound in the IPO market.
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
August inflation data came in largely as projected on Wednesday. Wall Street traders upped their bets on a Fed pause at its September meeting next week following the CPI release, with the odds now at 97% vs. 92% yesterday.
SoftBank Group Corp's chip designer Arm Holdings Plc was discussing pricing its U.S. initial public offering (IPO) at $52 per share on Wednesday afternoon in a meeting with its investment bankers, a person familiar with the matter said.
The ultra-popular Invesco QQQ QQQ has surged more than 40% so far this year, thanks to the "Magnificent Seven" — Alphabet GOOG, Amazon AMZN, Apple AAPL, Meta META, Microsoft MSFT, Nvidia NVDA, and Tesla TSLA, which account for alm