Global markets remained focused on four major developments on Wednesday, as the US and Iran signaled no immediate return to negotiations amid escalating military action. AMD and Anthropic reportedly reached a multibillion-dollar AI infrastructure agreement centered on next-generation chips. Gold climbed to a two-week high as a weaker dollar offset concerns over higher oil prices.
Palantir Technologies Inc. (PLTR) shares fell on Wednesday as investors weighed fresh regulatory scrutiny surrounding the company’s UK National Health Service (NHS) Federated Data Platform (FDP) contract alongside growing concerns over emerging competition ahead of its upcoming earnings report. The decline comes as the UK’s Office for Statistics Regulation (OSR) addressed concerns over how NHS
US stocks closed mixed on Wednesday as rising oil prices and caution ahead of a key batch of corporate earnings weighed on investor sentiment. Investors also continued to monitor developments in the Middle East and reassess expectations for Federal Reserve interest rates. The S&P 500 fell 0.1%, while the Nasdaq Composite declined 0.6%. The Dow
Alphabet Inc. reported second-quarter results that exceeded Wall Street expectations on earnings and revenue, driven by strong cloud growth, although its search advertising business narrowly missed analyst estimates. The Google parent posted cloud revenue of $24.77 billion for the quarter ended June 30, an 82% increase from a year earlier and ahead of Bloomberg-compiled analyst
US stock futures edged lower on Wednesday as investors pulled back from semiconductor shares before Alphabet and Tesla open the first major test of the second-quarter Big Tech earnings season. Nasdaq 100 contracts led the retreat, while S&P 500 and Dow futures also slipped after Tuesday’s chip-led rebound. The market is asking whether billions of
DeXe (DEXE) has suffered one of the sharpest declines in the cryptocurrency market this year after its price plunged more than 80% on Wednesday. The dramatic sell-off erased almost all of the gains from the token’s recent rally and left traders scrambling to understand what triggered the collapse. While the broader crypto market remained relatively
Investors have largely shifted their attention away from the Magnificent 7 companies as enthusiasm has moved toward semiconductor stocks and the broader artificial intelligence trade. The Roundhill Magnificent 7 ETF (MAGS) has gained just 0.68% this year, significantly underperforming the S&P 500 and Nasdaq 100 indices. With earnings from the biggest names in technology approaching,
GE Vernova GEV shares fell about 4% in premarket trading on Wednesday after the energy equipment maker narrowly missed Wall Street’s profit expectations. The company also warned that global tariffs could increase its costs by as much as $200 million next year, overshadowing stronger revenue growth and another increase in its full-year outlook. The company
Advanced Micro Devices Inc. (AMD) and Anthropic have agreed to a deal covering tens of billions of dollars’ worth of artificial intelligence servers, according to a Wall Street Journal report, in a move that could strengthen AMD’s position against Nvidia while expanding Anthropic’s computing capacity. Under the reported agreement, Anthropic will purchase up to 2
US stocks opened lower on Wednesday as weakness in semiconductor stocks and higher oil prices weighed on investor sentiment ahead of a crucial day of corporate earnings led by Alphabet, Tesla and other major technology companies. The Dow Jones Industrial Average gained 78 points, or 0.15%. The S&P 500 declined 0.12%, while the Nasdaq Composite