Bank of America cautioned that the momentum rally driven by artificial intelligence may be waning, highlighting increasing risks related to monetisation and commodification that could exert pressure on corporate earnings and equity markets worldwide. In a European equity strategy note, BofA indicated that the AI capital expenditure boom has generated “a macro and market environment Read More
Global chip stocks experienced a significant decline on Tuesday, as a widespread selloff in technology shares propagated from Asia to Europe, posing a risk of pulling Wall Street down at the opening. This downturn was driven by increasing apprehensions regarding inflated AI valuations and the potential for elevated U.S. borrowing costs. In South Korea, memory Read More
Stock futures increased on Tuesday as shares of AI chipmakers maintained their upward trajectory, while oil futures declined amid optimism regarding a potential resolution to the U.S.-Iran conflict. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated increases of 0.8%, 0.5%, and 0.3%, respectively, in the latest trading session. Yesterday, the Read More
Stock futures indicated a significant upward movement following the Memorial Day holiday, with semiconductor shares at the forefront of the gains. Meanwhile, oil prices exhibited a mixed performance, as WTI futures declined following President Donald Trump’s assertion that peace talks were “proceeding nicely.” In contrast, global Brent crude experienced an uptick after the U.S. engaged Read More
Shares of Intel sank by more than 12% in premarket U.S. trading on Friday after the chipmaker unveiled a fourth-quarter loss and a dour outlook for the current quarter. The company, whose stock price has recently about doubled thanks to fresh cash injections from major investors including artificial intelligence-darling Nvidia, Japanese tech conglomerate SoftBank and Read More
Nasdaq futures experienced an uptick on Friday, driven by the continued ascent of semiconductor shares, which have been propelled by advancements in artificial intelligence. This movement occurred at the conclusion of a volatile trading week that marked the onset of the fourth-quarter earnings season. Memory chipmakers led the gains, with Micron up 6.4% in premarket Read More
