Investors reassess AI disruption fears after a $1 trillion selloff, spotting undervalued software firms with strong revenue growth. Software stocks rebounded after a $1 trillion selloff driven by fears that AI agents would replace traditional applications. The panic follow
Alphabet debuts in Dow Jones with a 3.7% share rise Alphabet replaced Verizon Communications in the Dow Jones Industrial Average, immediately ranking among its most influential members. The company's shares rose 3.7% to $350.24, offering one of the biggest boosts t
Schneider National promotes Jim Filter to CEO and appoints leaders for intermodal, logistics, and truckload units amid leadership changes. Schneider National (NYSE: SNDR) announced leadership changes as part of a planned transition, naming Jim Filter as its new president a
OpenAI commits $500 million to a biotech initiative while locking in memory supply and designing its own AI-optimized silicon. OpenAI unveiled a custom AI chip, Jalapeño, developed with Broadcom to accelerate large language model workloads. The chip is described as the fir
June nonfarm payrolls and Federal Reserve commentary will shape investor expectations on inflation and rate cuts amid light holiday trading. Investors will focus on Thursday’s June nonfarm payrolls report, the last major economic release before US markets close for Indepen
Chipmakers underperformed broader markets Monday amid lingering concerns after last week’s sector selloff. Semiconductor stocks declined Monday despite gains in major indices, led by Micron Technology (MU) and Intel (INTC). The sector’s weakness followed a selloff late las
Chinese autonomous driving firm Momenta prices shares at HK$295.60, securing $751 million ahead of July 8 trading debut. Momenta Global, a Chinese self-driving technology company, raised $751 million in its Hong Kong initial public offering, pricing 19.9 million shares at
Alphabet’s entry into the Dow Jones Industrial Average offsets broader tech declines amid AI investment concerns and memory chip shortages. Tech stocks rebounded Monday after a 4.6% drop in the Nasdaq Composite last week, driven by skepticism over AI investments and memory
Germany’s financial regulator examines potential omissions in Zalando’s 2025 accounts related to its About You acquisition. Germany’s Federal Financial Supervisory Authority (BaFin) has launched a formal audit of Zalando’s 2025 consolidated financial statements. The review
Micron and SanDisk retreat after sharp year-to-date rallies, while Western Digital rises on NAND pricing insulation. Micron Technology (MU) and SanDisk (SNDK) shares fell 5% and 7%, respectively, in early trading Monday, reversing part of their massive year-to-date gains.
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