Lenovo Group’s share price has lost momentum since reaching its all-time high in September. The stock has fallen for three consecutive weeks to its lowest level since September 7, and it has moved into a correction after dropping 16% from this year’s peak. So, will the decline continue, or is this a good buy-the-dip opportunity?
Samsung Electronics, SK Hynix and SoftBank plunged on Tuesday as investors worried about rising Chinese competition. Weakening confidence in AI returns and higher financing costs added to the pressure. Samsung fell 8.8% and SK Hynix dropped 9.3% by 10:40 a.m. in Seoul, sending the KOSPI down more than 6%. SoftBank lost 8.1% as Tokyo reopened
Crude oil price held steady on Friday, with Brent ending the week at $104.5 and the West Texas Intermediate (WTI) hitting $93. Brent has jumped by nearly 10% from its lowest level this month, and this recovery may continue as the Middle East erupts. Houthi and Saudi Arabia crisis escalates Crude oil prices reacted mildly
Amazon is in talks to acquire Decart, a fast-growing artificial intelligence (AI) company. According to the WSJ, Amazon is planning to buy the company in a $7 billion deal, marking a big jump from its last funding round in May, which valued it at $4 billion. Neither side has confirmed the deal, and according to
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
US stocks rose on Friday as technology shares rebounded from a sell-off earlier in the week, helping Wall Street recover amid elevated Treasury yields, volatile oil prices, and concerns about artificial intelligence valuations. The Dow Jones Industrial Average gained 423 points, while investors looked ahead to third-quarter earnings and upcoming inflation data. The Dow rose
SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down by nearly 80% from its all-time high, a sign that Nvidia’s investment has flopped. Investors are aggressively betting against SoundHound stock SOUN stock has plunged
US stocks ended mixed on Thursday, with the Nasdaq Composite posting its steepest decline among the major indexes as artificial intelligence stocks came under pressure and rising oil prices added to inflation concerns. The Nasdaq fell 1.24% to 27,197.10 points, while the S&P 500 lost 0.46% to 7,765.70. The Dow Jones Industrial Average gained 0.09%
Dell Technologies stock has continued its strong rally this year, making it one of the top gainers in the S&P 500 Index. It has soared by 347% this year, bringing its market capitalization to over $365 billion, with Michael Dell’s net worth rising to $266 billion. So, with the stock being highly overbought, does it
US stocks ended higher on Tuesday, with the S&P 500 and Nasdaq Composite reaching record closing highs as technology stocks gained and Treasury yields eased from multi-year peaks. The S&P 500 rose 0.60% to 7,820.47, while the Nasdaq Composite gained 0.46% to 27,604.74. The Dow Jones Industrial Average advanced 0.49% to 51,531.57. Falling Treasury yields