Rivian Automotive Inc (RIVN) is sliding on Tuesday morning after the electric vehicle (EV) maker announced a sizable public offering of about 75 million shares. As sudden dilution fears take center stage, RIVN is reversing much of its recent gains from a stellar quarterly delivery report, reminding investors that its expansion plans remain rather expensive.
Nvidia stock (NVDA) fell on Tuesday after a report that Chinese artificial intelligence startup DeepSeek is developing its own inference chip added to investor concerns that major AI customers are increasingly looking to reduce their dependence on Nvidia’s hardware. Shares of the chipmaker dropped 1.9% to $191.82 in early trading. If the decline holds, the
Critical minerals stocks are ripping higher this morning on the back of a powerful macro catalyst: unprecedented direct US military-industrial integration. On July 7th, the US Army said it has selected REalloys (ALOY) to build and operate the first-ever commercial critical mineral processing facility directly on a US military installation. This notable escalation of the
Ethra Ship is seeking to bring maritime assets onto blockchain after spending several years building a shipping business before launching its digital asset infrastructure. The project is taking an approach that differs from many crypto projects that begin with token issuance before developing an underlying business. The project started in 2021 with the creation of
Cloudflare Inc. (NET) shares climbed 7% on Tuesday after Scotiabank upgraded the cloud infrastructure and cybersecurity company, citing growing confidence in its long-term role in artificial intelligence infrastructure and raising its price target on the stock. The brokerage upgraded Cloudflare to Sector Outperform from Sector Perform and increased its price target to $300 from $225,
SpaceX’s (SPCX) valuation has been in the spotlight ever since its historic June 12th initial public offering (IPO) that tagged a market cap of nearly $2 trillion on the space infrastructure and AI titan. And while many believe the company is trading at a stretched multiple, Brian Gesuale, a Raymond James analyst, issued a contrarian
Adobe Inc. (ADBE) shares rose about 4.6% on Tuesday even after Bank of America reinstated coverage of the software company with an Underperform rating. The brokerage argued that generative artificial intelligence is weakening Adobe’s competitive position despite the stock trading near the lower end of its historical valuation range. Bank of America set a price
The Dow Jones Industrial Average briefly climbed above the 53,000 mark for the first time on Monday, while the S&P 500 and Nasdaq Composite closed sharply higher as renewed buying in semiconductor stocks lifted broader technology shares ahead of the second-quarter earnings season. The S&P 500 gained 0.7%, while the Nasdaq Composite advanced 1.1%. The
Samsung stock plunged over 8% on Tuesday even after the company flagged what could be its most profitable quarter ever. The shares fell as much as 7.9%, despite Samsung guiding for second-quarter operating profit of 89.4 trillion won, a 19-fold jump from a year earlier. The reaction was not about weak numbers but about whether
Oil prices edged higher on Tuesday as a tanker fire near the Strait of Hormuz revived geopolitical nerves, offsetting another wave of bearish supply news from Saudi Arabia and OPEC+. Brent crude rose 0.39% to $72.29 a barrel, while West Texas Intermediate gained 0.26% to $68.84. The move was modest, but signalled that traders are