Author: admin
Shares of SanDisk Inc. (SNDK) fell sharply in trading on Tuesday as a broad selloff in memory-chip stocks spread from South Korea to US markets despite strong preliminary earnings from Samsung Electronics.SanDisk shares declined 8% after falling 23% over the previous three trading sessions. The stock has been one of the strongest performers in the US technology sector this year, gaining about 635% year to date and more than 3,750% over the past 12 months.The decline came as investors took profits across the memory-chip sector following steep gains in semiconductor stocks driven by artificial intelligence demand.Samsung results fail to lift…
Galaxy Digital has completed the first phase of its Helios campus in West Texas and begun earning lease revenue, delivering 133 MW of critical IT load to CoreWeave under a 15-year agreement. The company met its Phase I schedule and drew that load from roughly 200 MW of gross power, with lease payments beginning in the second quarter of 2026. The delivery moves Helios out of construction and into commercial operation, and Galaxy presents it as evidence that the company can build AI infrastructure at hyperscale and bring it into service. Mike Novogratz, the founder and CEO of Galaxy described…
Sandisk stock price has suffered a harsh reversal recently as the recent bull run hits a wall. SNDK dropped by 14% on Friday, reaching its lowest level since June 11. It has now slumped by 25% this year, even as top Wall Street analysts have maintained their bullish outlook.Top analysts are bullish on Sandisk stockSandisk stock has done well in the past 18 months, making it the best gainer in the S&P 500 Index. It jumped by 4,000% in the last 12 months, with its market capitalization crossing the $300 billion mark.Despite these gains, analysts are highly bullish on the…
Oracle Corp. (ORCL) shares gained 1.3% on Monday as investors returned to the stock following a sharp, debt-driven sell-off, amid improving broader market sentiment.The recovery also came as broader market sentiment improved, with the Nasdaq Composite gaining 0.95% and the S&P 500 advancing 0.44%.The move marked a shift in investor sentiment after weeks of selling pressure driven by concerns over Oracle’s aggressive investments in artificial intelligence (AI) infrastructure.While questions remain over the company’s capital spending plans and debt levels, some investors now appear to believe the earlier decline had become excessive.Backlog supports long-term growth outlookOracle has faced significant selling pressure…
USDJPY currency pair can be expected to rise to the next resistance level 163.00 (which stopped earlier impulse wave at the end of June). USDJPY reversed from support zone Likely to rise to resistance level 163.00 USDJPY currency pair recently reversed up from the support area located between the key support level 160.50 (former strong resistance which stopped the previous minor impulse wave i at the end of April, as can be seen from the daily USDJPY chart below) and the 38.2% Fibonacci correction of the upward impulse from the start of May. The upward reversal from this support zone…
Ripple has received full authorisation of its Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSFF), completing its Markets in Crypto-Assets (MiCA) requirements and clearing the company to offer regulated crypto asset services across all 30 countries of the European Economic Area. The authorisation, announced on 6 July 2026, follows the preliminary approval Ripple received in June and confirms the company as fully MiCA-compliant. Its end-to-end regulated crypto payments product now reaches financial institutions, corporates and businesses throughout the bloc. Ripple Clears The Final MiCA Step The CSSF moved the company from conditional clearance…
The artificial intelligence boom has a people problem, and it is getting worse faster than most investors have noticed.While Wall Street has spent the better part of three years fixating on chip stocks, hyperscaler spending, and the relentless march of AI valuations, a less glamorous drama has been unfolding in suburban town halls, county commission meetings, and online petitions from New Jersey to Michigan. Ordinary Americans, armed with electricity bills, noise complaints, and a generalised anxiety about what artificial intelligence is doing to their lives, are pushing back against the physical infrastructure of the AI boom — and they are…
US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally.Investors pulled $17.2 billion from US stock funds in the week through July 1, according to Bloomberg, citing Bank of America strategists led by Michael Hartnett and EPFR Global data.The move does not signal a market crash, but it does show investors are turning more cautious after a strong run in US equities.The key question now is simple: is this routine profit-taking, or an early warning that confidence in the AI-led rally is starting to fade?Wall Street’s rally loses its flow…
The Reserve Bank of India (RBI) urged lawmakers to keep the country’s banks and regulated financial institutions insulated from cryptocurrencies and privately issued stablecoins, telling a parliamentary panel that outright prohibition remains a live policy option as India settles its approach to digital assets. Deputy Governor Rohit Jain and Executive Director P. Vasudevan set out the central bank’s position before the Parliamentary Standing Committee on Finance on Thursday, according to The Economic Times. In a background note submitted to the committee, the RBI backed a containment strategy that would bar banks and regulated entities from dealing in crypto and privately…
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the Nikkei 225 and Kospi, which jumped by 34% and 85%, respectively. Top Hang Seng Index stocks have retreated this yearHong Kong’s Hang Seng Index has dived this year because its biggest constituent companies have underperformed the market. Trip.com, China’s biggest player in the travel industry, has slumped by 42% this year amid concerns about its business. It recently released a weak earnings report, which came a few months after Beijing launched an…