AI stocks face litmus test in 2027 The San Francisco Fed president argues that businesses are spending and preparing for the AI boom, but productivity gains have yet to materialize. The biggest AI companies are driving the market, with the Magnificent 7 making up 34.8
AMD revenue surged 38% to $10.3 billion in Q1 2026, driven by 57% growth in data center sales to $5.8 billion. Semiconductor stocks fell this week after Broadcom’s quarterly report failed to meet investor expectations, dragging peers including AMD lower. AMD shares retreat
SpaceX’s $75 billion IPO on June 12 excludes it from the S&P 500 for at least 12 months, impacting Vanguard’s VOO and VTI ETFs differently. SpaceX’s upcoming $75 billion IPO on June 12 will not immediately include the company in the S&P 500, following a June 4 rejection by
BRCB targets 1,000 locations, citing 20% growth and 93%-96% guest satisfaction as key drivers for expansion. Black Rock Coffee Bar (NASDAQ:BRCB) announced plans to expand to 1,000 stores, leveraging customer loyalty and a differentiated café format. The company currently o
AIA's 52.67% year-to-date surge transforms $10,000 into $15,267, eclipsing SPY's 10.61% return over the same period. The iShares Asia 50 ETF (AIA) delivered a 52.67% year-to-date gain through June 3, 2026, turning a $10,000 investment into $15,267. The rally was driven by
The iShares Global Clean Energy ETF surged 45% year-to-date, outpacing the S&P 500 as AI data center demand reshapes energy infrastructure. The iShares Global Clean Energy ETF (NASDAQ:ICLN) climbed 45% year-to-date, turning a $10,000 investment into $14,455 as AI-driven da
The sale represents the largest single transaction by Dennis Cho in two years, reducing his holdings by over 10%. Twist Bioscience Corporation’s Chief Legal Officer Dennis Cho sold 14,205 shares on May 29, 2026, for approximately $991,000, based on a reported price of $69.
GitLab reported stronger-than-expected revenue growth, driven by new customer acquisitions and enterprise demand. GitLab posted fiscal first-quarter revenue of $264.2 million, up 23% year over year and exceeding its guidance range of $253 million to $255 million. The compa
Investors could reassess Tesla’s premium valuation as SpaceX prepares for a potential IPO, offering a direct comparison to another Elon Musk-led firm. Tesla’s valuation has long reflected investor bets on its AI, robotics, and automation ambitions beyond electric vehicles.
Nasdaq rule changes allow SpaceX to join the Nasdaq-100 index 15 days post-IPO, boosting ETF exposure. SpaceX plans to raise $75 billion in its June 12 IPO by selling 555,555,555 shares at $135 each, targeting a $1.77 trillion valuation. The offering would make it one of t
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