AMD surges 8% to a record, leading a chip rally fueled by a U.S.-Iran peace deal and strong AI product launches. Advanced Micro Devices (AMD) shares jumped 8% to an all-time high of $558, pushing its market capitalization above $900 billion. The rally was part of a broader
The sale by Rackspace Technology’s CHRO covered tax obligations on vesting restricted stock units, reducing holdings by 2.51%. Rackspace Technology Chief Human Resources Officer Kellie Teal-Guess sold 33,966 shares on June 4, 2026, for approximately $189,000, based on a we
The deal expands American Express’s restaurant network to 75,000 venues as Tripadvisor refocuses on experiences. American Express will purchase TheFork, Tripadvisor’s European restaurant reservation platform, for $700 million in cash. The acquisition adds over 50,000 resta
Rivian's new $46,000 R2 SUV aims to boost sales but may pressure already thin margins as competition in the EV sector intensifies. Rivian Automotive (NASDAQ: RIVN) has begun shipping its R2 SUV, priced at $46,000, targeting a broader customer base than its $77,000 R1S mode
The AI (AIQ) (AIEQ) trade keeps finding a way to survive virtually every macro shock. Citrini summed up the current market mood in a social media post: when stocks fall on Iran-related headlines, investors still look to buy AI because higher oil ( Newsletters for Every Inv
Essentially, Goldman Sachs is telling AI stock investors to look past the flashy headline profits and focus on the bills that are coming due. For the better part of the past few years, investors treated the AI spending boom as a clear win for Big Tech Nvidia's chips
Both the AUDUSD and NZDUSD are considered "risk" currencies, meaning they typically benefit when investor sentiment improves, stocks rally, yields ease, and demand for the U.S. dollar declines. We are seeing that dynamic play out more clearly in the AUDUSD today Loo
Analysts argue Meta’s MTIA chips and rapid innovation cycle make its stock undervalued at 21x earnings amid AI demand growth. Meta Platforms’ (META) custom AI chips, including its MTIA processors, are challenging Nvidia’s (NVDA) dominance in the GPU market. Hyperscalers li
ADBE stock fell to a 52-week low after Q2 2026 earnings beat estimates, as investors reacted to deliberate ARR growth slowdown. Adobe reported record revenue of $6.62 billion in its second fiscal quarter of 2026, surpassing analyst expectations for both earnings and sales.
Seeking Alpha analysts cite strong earnings and AI potential for upgrades, while flagging execution risks and valuation concerns for downgrades. Analysts upgraded Adobe (ADBE) and Tesla (TSLA) following strong earnings performance and AI-driven growth prospects. Adobe’s ra
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