What happened: Shares of software giant Microsoft (MSFT) and computer hardware makers Dell (DELL) and HP (HPE) rose in Monday trading after AI chip heavyweight Nvidia (NVDA) announced a major push into the personal computer market. What’s behind the move: Nvidia has unveiled a new processor as it expands into the personal computer market, challenging the…
June 1 (Reuters) – Honeywell’s Quantinuum is targeting a valuation of up to $14.3 billion in its upsized U.S. initial public offering, it said on Monday, underscoring robust investor appetite around quantum computing. The Broomfield, Colorado-based company is now seeking up to $1.46 billion by marketing 26.5 million shares priced between $53 and $55 apiece….
chart up colours NEW SIZE ©Shutterstock Science Applications International Corporation (NASDAQ:SAIC) saw its shares surge nearly 9% in pre-market trading on Monday after reporting stronger-than-expected first-quarter results and raising its profit outlook for the full fiscal year. The defense technology and services provider delivered earnings and revenue ahead of analyst forecasts, supported by improved contract…
Leopold Aschenbrenner is not an ordinary hedge fund manager. The former OpenAI researcher has built a fund, Situational Awareness, that now manages roughly $13.7 billion per its latest 13F filing. According to a recent 13G filing with the Securities and Exchange Commission (SEC), Situational Awareness recently bought 12.4 million shares of Nebius Group (NASDAQ: NBIS)…
Soybeans are trading 5 to 7 cents in the green so far on Monday morning. Futures saw fractional losses in some deferreds, with nearbys down 7 ¾ cents on Friday. July was down 9 ¾ cents last week. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $11.25 3/4. Soymeal futures were down…
Corn price action is firm to fractionally higher so far on Monday morning. Futures posted 2 to 9 cent losses across the board on Friday with money coming out at month-end. July fell 16 ½ cents last week. Open interest was up 4,456 contracts, with 11,644 contracts exiting July. The CmdtyView national average Cash Corn price…
Most people look at Electronic Arts (EA) and see one thing right now: the largest leveraged buyout in gaming history (a $55 billion offer from Saudi Arabia’s Public Investment Fund). They think the trade is simple. Stock trades at $200, deal closes at $210, you pocket the spread and go home. That’s not how I…
Summary The first-quarter earnings season has been sensational. Many companies knocked it out of the park when delivering earnings and revenue numbers that well beyond expectations. With reports now in from about 96% of S&P 500 companies, earnings have climbed a staggering 29% from last quarter. Information Technology, up 56%, and Communication Services, up 51%,…
GOOGL is no longer flirting with the 382.57-382.97 monthly zone. It already gave us an LBAF there last week at the “got ya” spot, and instead of doing something productive with it, price rolled back over and closed Friday around 380.57. That matters, because once you get a failed move lower at a level and…
Gold is currently moving in a range-bound pattern with choppy short-term fluctuations, leaning slightly bearish overall. Persistently strong U.S. inflation has pushed markets to delay expectations for Federal Reserve rate cuts. The U.S. Dollar and Treasury yields remain elevated, putting notable pressure on gold prices. Rising international crude oil prices further reinforce the view that…
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