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Dow Surges ~900 Points to Close, Tech Stocks Slip
The Dow Jones Industrial Average surged nearly 900 points to close at a record high as investors rotated out of technology stocks. The rally came after Broadcom reported disappointing earnings, sendin
SoftBank shares drop 11% as tech sell‑off spreads
SoftBank Group's shares fell more than 11% after a US tech sell‑off, dragging down other Asian tech stocks. The decline comes amid market concerns over the company's high‑risk AI bets, even as its CEO
Asia-Pacific markets slide as oil spikes
Asia‑Pacific equity markets fell Thursday, echoing Wall Street losses, as renewed Iran‑U.S. hostilities lifted oil prices. West Texas Intermediate rose over 2% to $96.02 and Brent to $97.81 before sli
Polymarket Votes No on May Bitcoin Sale, Yes on June
Polymarket settled the dispute over Strategy’s bitcoin sale by declaring the May 31 contract “No” and the June 30 contract “Yes,” after UMA token holders voted that the June 1 public disclosure date,
SpaceX says it's worth $1.75tn as it targets largest stock market debut
SpaceX filed an IPO prospectus proposing a $135 share price, which would value the company at roughly $1.75 trillion. The offering seeks to raise about $75 billion, a record‑breaking amount, and is sl
AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
AI firms are gearing up for massive Wall Street debuts, with SpaceX targeting a $75 billion IPO after its merger with xAI, and Anthropic filing a confidential IPO registration after a $965 billion val
Broadcom Earnings Drag Chip Stocks; US Markets Rise
US equity markets closed mixed, with the Dow hitting a record high while the Nasdaq slipped, as Broadcom’s earnings miss sparked a chip‑stock sell‑off and a new Israel‑Lebanon ceasefire eased oil pric
Broadcom Q2 Revenue Hits $22.2B, AI Sales Surge 143%
Broadcom posted a record $22.2 billion Q2 revenue, powered by a 143% surge in AI semiconductor sales, while margins slipped and the firm warned of a sizable $30 billion booking backlog.
SoftBank’s OpenAI bet and rising debt are raising liquidity crunch concerns
SoftBank’s AI‑centric strategy has lifted its shares 70% and pushed it past Toyota in market value, but the conglomerate’s mounting debt—about $104 billion—and a 30% portfolio exposure to OpenAI have
Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out
Bitcoin slipped under $62,000 during Asian trading, triggering over $1.5 billion in leveraged crypto liquidations across more than 208,000 traders. At the same time, U.S. spot bitcoin ETFs saw about $
Inside India newsletter: Why Taiwan and South Korea's stock markets have surged past India within a week
India’s equity market has slipped behind Taiwan and South Korea as AI‑driven giants like TSMC, Samsung and SK Hynix push valuations above $1 trillion while India wrestles with a weaker rupee, higher i
Asia Markets Slide as Iran-US Tensions Push Oil Above $96
Asia-Pacific markets fell sharply Thursday as a direct Iran-US military exchange, including a strike on Kuwait's airport, pushed oil above $96 a barrel and extended Wall Street's overnight selloff.
Broadcom Shares Drop After Earnings, AI Forecast Steady
Broadcom’s Q2 earnings beat revenue expectations thanks to strong AI chip demand, but software sales fell short. The mixed results sent the stock tumbling, even as the company kept its AI chip forecas
Broadcom stock plunges on weak software sales, unchanged AI chip forecast for the year
Broadcom posted fiscal Q2 revenue of $22.19 billion, slightly below analysts’ expectations, while AI revenue more than doubled to $10.8 billion. CEO Hock Tan kept the AI semiconductor revenue guidance
Jim Cramer warns AI capital surge could stall market
Jim Cramer warned that a wave of AI‑related capital raises could create a near‑term headwind for stocks, arguing that excess supply is the easiest way to kill a bull market. He cited upcoming IPOs fro
SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
SpaceX filed to price its IPO at $135 per share, selling 555.6 million shares to raise roughly $75 billion and value the company at $1.75 trillion. The offering would bring the firm’s 18,712 bitcoin,
SpaceX Sets $135 Share Price, Valuing at $1.77T
SpaceX filed an SEC registration fixing its IPO price at $135 per share, a valuation of $1.77 trillion that would make it the seventh‑largest U.S. company and the biggest public offering ever.
Broadcom AI Revenue Jumps 143% as Shares Drop 13%
Broadcom posted record Q2 earnings and a 143% surge in AI revenue, yet its shares tumbled over 13% after the company warned of margin pressure and a potential supply‑chain shift at Google.
Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend - Broadcom
Broadcom Inc. released its second‑quarter fiscal year 2026 earnings and announced a quarterly dividend. The company’s software revenue fell short of expectations, prompting the stock to slip, while in
Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?
Strategy, the Bitcoin treasury firm, retired $1.5 billion of convertible debt and bought 24,869 BTC, then sold 32 BTC for $2.5 million, breaking its “never sell” policy. The sale triggered $1.76 billi
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