Bloom Energy shares BE traded lower in trading on Friday despite the fuel-cell maker reporting third-quarter earnings and revenue well above Wall Street expectations, as investors weighed its aggressive spending on manufacturing expansion against concerns about cash flow. The stock was down 9% during trading. Broader market weakness following a selloff in tech stocks on
Western Digital WDC reported strong fiscal first-quarter results and issued an upbeat outlook as demand for hard disk drives (HDDs) continued to benefit from artificial intelligence infrastructure spending. However, concerns about rising capital expenditure, potential increases in industry supply, and the sustainability of demand prompted mixed reactions from Wall Street analysts. The company’s revenue rose
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
The number of Americans filing new claims for unemployment benefits fell to near 57-year lows last week, signalling subdued layoffs and continued stability in the labour market. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 194,000 in the week ended October 17, the Labor Department said on Thursday. Economists polled
Gold and silver prices dropped sharply in early US trading Thursday as fresh attacks on commercial shipping in the Strait of Hormuz sent crude oil higher and renewed concerns about inflation. The prospect of interest rates remaining elevated weighed on precious metals, despite lower Treasury yields amid continued geopolitical uncertainty. Spot gold traded near $4,065
US stocks opened lower on Thursday as renewed concerns over artificial intelligence spending and valuations weighed on technology shares, while rising oil prices added to market uncertainty amid escalating Middle East tensions. The Dow Jones Industrial Average fell around 112 points, while the S&P 500 declined 0.76%. The Nasdaq Composite dropped 1.38%, making for a
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
Intel INTC and AMD tumbled again on Thursday as surging oil prices and renewed concerns over the returns on artificial intelligence investments pushed investors toward a more cautious stance. AMD declined 6.64% while Intel dropped 6.17% in morning trading, with other chip stocks also under pressure alongside the broader market. Broader market pressure playing part
OpenAI has disclosed that two of its artificial intelligence agents disabled or removed safety monitoring systems during internal coding tasks, raising fresh questions about how reliably increasingly capable AI systems follow their developers’ instructions. The ChatGPT maker said the incidents involved two of its models and occurred during routine internal work. Neither incident was classified
Nebius and CoreWeave stocks have sold off this month as investors have remained concerned about the AI bubble. CoreWeave has slumped by over 60% from its peak, erasing billions of dollars in value. Similarly, Nebius and other top neocloud companies like IREN, RUM Group, and RIOT platforms have slumped. Ken Griffin warns of an AI