It's time for a bit of a reality check. Chip stocks are losing value while the broader market is getting a boost. Evidence rests in PHLX Semiconductor, popularly known as SOX, which was down 1.7% this afternoon.
It's time for a bit of a reality check. Chip stocks are losing value while the broader market is getting a boost. Evidence rests in PHLX Semiconductor, popularly known as SOX, which was down 1.7% this afternoon.
SoFi (NASDAQ: SOFI) and Robinhood (NASDAQ: HOOD) are two of the most popular financial technology, or fintech, stocks in the market. Robinhood has been the better performer over the past few years, but with both stocks beaten down, which is the best choice right now?
SoFi (NASDAQ: SOFI) and Robinhood (NASDAQ: HOOD) are two of the most popular financial technology, or fintech, stocks in the market. Robinhood has been the better performer over the past few years, but with both stocks beaten down, which is the best choice right now?
AlexSecret Databricks CEO Ali Ghodsi said that while his company still intends to go public at some point, it won't be joining the list of high-profile tech IPOs planned for this year. “We will be a public company. I just think this is a terrible year to go public," Ghodsi said during an interview with Bloomberg TV on Thursday, referring to the string of companies that are lining up to hold blockb...
AlexSecret Databricks CEO Ali Ghodsi said that while his company still intends to go public at some point, it won't be joining the list of high-profile tech IPOs planned for this year. “We will be a public company. I just think this is a terrible year to go public," Ghodsi said during an interview with Bloomberg TV on Thursday, referring to the string of companies that are lining up to hold blockbuster IPOs this year, including SpaceX ( SPCX ), Anthropic ( ANTHRO ), and OpenAI ( OPENAI ). Ghodsi added that Databricks wants to eventually go public in order to “create a market transaction mechanism for our employees." Databricks's competitors include Snowflake ( SNOW ) and Oracle ( ORCL ), Bloomberg noted. More on Renaissance IPO ETF, iShares Expanded Tech-Software Sector ETF, etc. Hyperscaler's CDS Fears Are Rising I'm Calling A Bottom For Software - 3 Stocks I'm Buying Semis Versus Software: Should You Follow The Investment Giants And Their 13-F Actions? Ray Dalio sees AI bubble bursting when investors convert to cash ETFs with high Palo Alto exposure in the spotlight as stock drops despite 'strong' Q3
SpaceX may be a remarkable company, yet its initial public offering (IPO) may not prove to be a remarkable investment. According to Reuters, SpaceX is expected to target an IPO valuation of around $1.75 trillion. That would put the rocket , satellite, and artificial intelligence (AI) company at a price-to-sales (PS) ratio close to 100. SpaceX reported a net loss of over $4.9 billion in fiscal 2025...
SpaceX may be a remarkable company, yet its initial public offering (IPO) may not prove to be a remarkable investment. According to Reuters, SpaceX is expected to target an IPO valuation of around $1.75 trillion. That would put the rocket , satellite, and artificial intelligence (AI) company at a price-to-sales (PS) ratio close to 100. SpaceX reported a net loss of over $4.9 billion in fiscal 2025. Against this backdrop, the company's aggressive valuation appears to assume years of near-perfect execution before the stock even starts trading. Here's why SpaceX could become the ultimate meme IPO. Continue reading
Benny Andersson and Anni-Frid Lyngstad made a surprise appearance at a performance of Abba Voyage Abba Voyage concerts can be deafening enough. But when the real-life Benny Andersson and Anni-Frid Lyngstad made an appearance in the hall, which was packed with hundreds of schoolchildren, even the security staff present were surprised by the din. On Tuesday, at the custom-built Abba Arena in east Lo...
Benny Andersson and Anni-Frid Lyngstad made a surprise appearance at a performance of Abba Voyage Abba Voyage concerts can be deafening enough. But when the real-life Benny Andersson and Anni-Frid Lyngstad made an appearance in the hall, which was packed with hundreds of schoolchildren, even the security staff present were surprised by the din. On Tuesday, at the custom-built Abba Arena in east London, the virtual concert residency launched its expanded education programme which aims to support young people across the area to get into the creative industries. Continue reading...
Andrés Manuel López Obrador says Washington is using investigations into governors and propaganda to boost rivals Mexico’s former president, Andrés Manuel López Obrador , has accused US officials of trying to weaken the governing party to strengthen the opposition, amid rising tensions between the two countries over Washington’s investigations into several Mexican governors. “Some US officials are...
Andrés Manuel López Obrador says Washington is using investigations into governors and propaganda to boost rivals Mexico’s former president, Andrés Manuel López Obrador , has accused US officials of trying to weaken the governing party to strengthen the opposition, amid rising tensions between the two countries over Washington’s investigations into several Mexican governors. “Some US officials are plotting to weaken Morena and strengthen the right-wing opposition in Mexico with the aim of restoring a subservient, corrupt, mafia-like, and cruel government,” López Obrador wrote in a lengthy letter posted on X on Wednesday. Continue reading...
luismmolina/iStock via Getty Images Murphy Oil ( MUR ) up 2.8% in Thursday's trading as KeyBanc upgrades shares to Overweight from Sector Weight with a $48 price target, saying the company's "profound cash flow uplift" from unhedged oil exposure is a "game changer for balance sheet and cash return optionality." KeyBanc analyst Tim Rezvan said he was underwhelmed with Murphy's ( MUR ) Q4 2025 earni...
luismmolina/iStock via Getty Images Murphy Oil ( MUR ) up 2.8% in Thursday's trading as KeyBanc upgrades shares to Overweight from Sector Weight with a $48 price target, saying the company's "profound cash flow uplift" from unhedged oil exposure is a "game changer for balance sheet and cash return optionality." KeyBanc analyst Tim Rezvan said he was underwhelmed with Murphy's ( MUR ) Q4 2025 earnings and 2026 guidance, which seemed to anticipate "limited" free cash flow, but "much has changed since then." For a company with no hedges that is expected to produce an estimated 33.3M barrels of oil in 2026, the $20/bbl boost in KeyBanc's oil price deck creates a $666M cash flow uplift, all else equal, Rezvan says. First production from the LDV discovery offshore Vietnam is on track for year-end 2026, but the analyst thinks the bigger catalyst is the resource upside at HDV Rezvan says he has been seeking an entry point for Murphy ( MUR ) shares, and believes the recent pullback presents one. More on Murphy Oil Murphy Oil Q1 2026 Earnings Call Presentation Murphy Oil: Aggressive Choices Vindicated Murphy Oil: The Vietnam Development Strategy
Peter Kyle says British politics fails to reward political accomplishment and Labour risks aping Tory instability The Labour party has not learned the right lessons from the Conservatives about changing leader, a senior cabinet minister has warned, saying in a swipe at potential challengers that “entitlement is not a qualification”. Peter Kyle, the business secretary, said he was worried that Brit...
Peter Kyle says British politics fails to reward political accomplishment and Labour risks aping Tory instability The Labour party has not learned the right lessons from the Conservatives about changing leader, a senior cabinet minister has warned, saying in a swipe at potential challengers that “entitlement is not a qualification”. Peter Kyle, the business secretary, said he was worried that British politics “rewards the wrong behaviour” and there was little credit for the work of his own department, including negotiating trade deals, rescue packages for companies and preserving British industry. Continue reading...
Heavily Shorted Rumble Soars After Landing "Largest Customer Commitment To Date" In $270M AI Cloud Deal Shares of the free-speech video platform and cloud-services company Rumble soared in premarket trading after it announced in an 8-K filing that it had signed a multi-year, $270 million deal with a third-party cloud customer for dedicated GPU cloud capacity powered by Nvidia Blackwell B300 system...
Heavily Shorted Rumble Soars After Landing "Largest Customer Commitment To Date" In $270M AI Cloud Deal Shares of the free-speech video platform and cloud-services company Rumble soared in premarket trading after it announced in an 8-K filing that it had signed a multi-year, $270 million deal with a third-party cloud customer for dedicated GPU cloud capacity powered by Nvidia Blackwell B300 systems. The deal, announced Thursday morning, is Rumble's largest customer commitment to date and signals the video platform's push deeper into AI infrastructure and cloud computing services. " Rumble entered into a multi-year, $270 million agreement with a third-party cloud customer, representing Rumble's largest customer commitment to date ," the company wrote in the filing. The filing continued, " Under the agreement, the customer has committed to purchase dedicated GPU cloud capacity from Rumble powered by NVIDIA Blackwell B300 systems ," adding, " The agreement includes potential for greater value and extended length based on market success ." Rumble went public through a SPAC merger with CF Acquisition Corp. VI, a Cantor Fitzgerald–backed blank-check company. The deal closed in mid-September 2022, and the shares began trading on Nasdaq. Since then, shares have traded sideways, unable to break above $16 resistance, and have plunged as low as $3.39 in early 2024. News of the AI cloud-capacity deal sent shares soaring 14% in premarket trading. Notably Rumble is heavily shorted, with 28% of the float short, or about 24.5 million shares. Days to cover stand around 7.1. What's notable about Rumble is that it's no longer a free-speech YouTube alternative, but is now shifting toward AI infrastructure and GPU cloud services. Tyler Durden Thu, 06/04/2026 - 13:40
quantic69 Quantinuum ( QNT ) shares opened at $68, climbing 12% from its initial public offering price, after debuting on the Nasdaq on Thursday afternoon. The quantum computing company, which is majority owned by Honeywell ( HON ), offered 28M shares priced at $60. It had earlier planned to offer 21M shares priced from $45 to $50, but early demand pushed the price higher just ahead of its IPO. It...
quantic69 Quantinuum ( QNT ) shares opened at $68, climbing 12% from its initial public offering price, after debuting on the Nasdaq on Thursday afternoon. The quantum computing company, which is majority owned by Honeywell ( HON ), offered 28M shares priced at $60. It had earlier planned to offer 21M shares priced from $45 to $50, but early demand pushed the price higher just ahead of its IPO. It attracted about 20 times the demand than shares it had to offer. Quantinuum raised nearly $1.7B through the offering, propelling its valuation to more than $15B. J.P. Morgan ( JPM ) and Morgan Stanley ( MS ) served as the lead underwriters of the offering. The number of publicly traded quantum computing companies has increased over the past several years. A technology that until recently appeared only fit for institutional research labs is now clearly on a path to commercial applications. "With the increasing pace of IPOs, SPACs and funding rounds, it is clear that quantum is moving from the theoretical to the practical; from the labs to the enterprise," said Firgun Ventures, an early investor in Quantinuum. "As early angel investors, we have had a front-row seat to the hard work and dedication of the management team at Quantinuum that has already made the company the largest quantum technology company in terms of valuation." "We look forward to the next phase of Quantinuum's growth, when it fulfills its promise, accelerating quantum computing to achieve breakthroughs in healthcare and drug discovery, cybersecurity, energy, and other real-world problems," Firgun added. Quantinuum generated 2025 bookings of $79.3M, with revenue rising to $30.9M from $23.0M in 2024, while net loss widened to $192.6M as the company continued investing heavily in growth and commercialization efforts. Bookings were $1.3M for the three months ended March 31, 2026, compared to $1.9M for the three months ended March 31, 2025. The firm recently signed a deal with the U.S. federal government to rece...
TSM stock rose on Thursday after the company's annual shareholders' meeting. At the meeting, Chief Executive C.C. Wei said the contract chipmaker, better known as TSMC, won't be able to fulfill demand over the next few years, even as more manufacturing capacity comes online, Bloomberg reported. "It will be a long time before we can meet customer demand," Wei said.
TSM stock rose on Thursday after the company's annual shareholders' meeting. At the meeting, Chief Executive C.C. Wei said the contract chipmaker, better known as TSMC, won't be able to fulfill demand over the next few years, even as more manufacturing capacity comes online, Bloomberg reported. "It will be a long time before we can meet customer demand," Wei said.
July ICE NY cocoa (CCN26 ) today is down -129 (-3.17%), and July ICE London cocoa #7 (CAN26 ) is down -83 (-2.69%). Chocolate demand concerns are weighing on cocoa prices after Barry Callebaut, the world’s seventh largest chocolate maker by revenue, provided updated guidance this week that suggests a...
July ICE NY cocoa (CCN26 ) today is down -129 (-3.17%), and July ICE London cocoa #7 (CAN26 ) is down -83 (-2.69%). Chocolate demand concerns are weighing on cocoa prices after Barry Callebaut, the world’s seventh largest chocolate maker by revenue, provided updated guidance this week that suggests a...