Wall Street reversed a weak start and turned positive on Thursday after reports emerged that the United States and Iran had reached a preliminary agreement aimed at extending the current ceasefire and launching negotiations over Iran’s nuclear program. The S&P 500 and Nasdaq Composite both climbed to fresh record highs during the session following the
Shares of Zscaler (ZS) plunged more than 23% in Wednesday’s premarket trading. The cybersecurity company reported better-than-expected quarterly earnings. However, its cautious guidance heightened concerns over slowing customer acquisition, rising competition, and higher AI-related infrastructure costs. The sharp selloff highlighted growing investor sensitivity toward software companies whose valuations remain heavily dependent on sustained high growth,
CoreWeave (NASDAQ: CRWV) stock price remains under pressure this month, despite its rising role in the artificial intelligence (AI) industry, where it has become the partner of choice of top companies. CRWV dropped to $105 on Tuesday, down from this month’s high of $138. With its short interest at 14% and its stock down by
Wall Street opened higher on Wednesday as investors extended a technology-driven rally fueled by artificial intelligence optimism, while also monitoring fragile diplomatic developments between the United States and Iran. The S&P 500 and the Nasdaq Composite climbed nearly 0.07%. The Dow Jones Industrial Average gained roughly 147 points. The gains followed another record-setting session for
Broadcom (NASDAQ: AVGO) stock has moved sideways in the past month as the recent bullish momentum faded. This consolidation may be calm before the storm as it has formed a bullish flag pattern ahead of its quarterly earnings on June 3. Broadcom stock has formed a giant bullish flag pattern The daily chart shows that
Virgin Galactic (NYSE: SPCE) stock price has gone parabolic this month, reaching its highest point since December last year. SPCE shares have jumped by 65% from their lowest level this year. So, will the stock continue rising as short interest jumps? Virgin Galactic has soared ahead of the SpaceX IPO The SPCE stock price has
Tilray Brands (NASDAQ: TLRY) stock price has plummeted this year, and is now hovering at its lowest level since July last year. It has plunged by 76% from its highest point last year, meaning that a $10,000 investment at its peak would be about $2,100 today. Tilray Brands is facing major headwinds as core business
Oobit, the global crypto payments app backed by Tether, has integrated the Arbitrum network into its payments infrastructure, expanding its push to make stablecoin spending easier at mainstream merchants. The move connects Arbitrum users with Oobit’s payment rails, allowing them to transact at more than 150 million Visa-accepting merchants across over 200 countries. For Oobit,
Shares of Salesforce (CRM) gained 2% ahead of the company’s first-quarter earnings report on Wednesday afternoon. Investors are looking for signs that the software giant can stabilize growth and address mounting concerns over how artificial intelligence could reshape the enterprise software industry. The stock has fallen roughly 34% over the past year even as the
Shares of Nvidia (NVDA) remained under pressure on Wednesday, extending recent losses despite blockbuster earnings and an aggressive long-term expansion plan tied to Taiwan’s semiconductor ecosystem. The stock fell around 2% to roughly $209.26 in early trading after closing lower Tuesday for its third consecutive losing session. The weakness came even after Nvidia once again