Intel (INTC) stock skyrocketed more than 11% in premarket trading after reports emerged that Google and Nvidia are evaluating or selecting Intel as a backup AI chip foundry. The Information reported that Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028, according to four people with…

SpaceX is preparing to make history with the largest initial public offering ever recorded, targeting a $75 billion fundraise on the Nasdaq under ticker SPCX. The company has set a fixed price of $135 per share and is scheduled to begin trading on June 12, more than doubling Saudi Aramco’s 2019 record of $29 billion….

The technology sector has experienced a significant pullback in recent months, rattling investors who had grown accustomed to relentless gains across major indices. Despite the turbulence, Morgan Stanley’s top stock-market strategist is urging calm, characterizing the selloff as a natural and necessary correction within a broader bull market. The strategist’s assessment frames the retreat not…

Nvidia has announced a series of landmark deals in South Korea with major technology firms including SK Hynix and Naver to secure critical memory chips for its AI ambitions. The agreements were struck during a high-profile visit by Nvidia CEO Jensen Huang to South Korea, where he met the country’s top corporate leaders across a…

U.S. stock futures fell modestly on Tuesday as renewed strikes in the Persian Gulf rattled investor confidence and pushed oil prices sharply higher. Nasdaq futures and S&P 500 futures each edged down roughly 0.1%, reflecting the market’s uneasy response to escalating tensions in the region. Oil prices surged above $100 a barrel, a threshold that…

Despite constant chatter about rising oil prices on earnings calls, most S&P 500 companies say the impact on their bottom lines remains limited for now. The word “oil” came up on 149 earnings calls held by S&P 500 companies between March 15 and June 5, according to a FactSet analysis of call transcripts. That figure…

A new wave of experimental weight-loss drugs is drawing serious attention from researchers and patients frustrated with the limitations of current GLP-1 medications. Drugs like Zepbound and Wegovy have transformed obesity treatment, but persistent side effects such as severe nausea and vomiting remain a significant barrier for many patients. Scientists are now developing alternatives that…

The S&P 500 posted nine consecutive weekly advances heading into the close of May, delivering a 5.3% total return for the month. Despite the headline gains, market leadership has grown increasingly narrow, with large numbers of individual stocks lagging behind their own moving averages. That divergence raises serious questions about the underlying health of the…

U.S. employers added 172,000 jobs in May, far exceeding the roughly 88,000 economists had anticipated, sending shockwaves through financial markets. The unemployment rate held steady at 4.3%, offering little comfort to investors who were already on edge about the trajectory of Federal Reserve policy. Markets responded swiftly and sharply, with growth and technology stocks bearing…

SpaceX is preparing to go public at a valuation that would instantly rank it among the largest companies in the United States by market capitalization. The company plans to sell 555.6 million Class A shares at a fixed price of $135 each, placing its valuation at roughly $1.77 trillion upon arrival. That figure would make…