Super Micro’s shares soared to a year-high in mid-March, but they have been volatile since then. Here’s what analysts say about the stock’s outlook. https://www.cnbc.com/2024/05/28/smci-where-analysts-see-super-micro-computer-shares-going.html
Bets on more Ether gains are intensifying following a surprise US regulatory pivot toward allowing exchange-traded funds for the digital asset, even as questions swirl about the strength of demand for the products. from Bloomberg Markets https://ift.tt/mFuqEcx
Elon Musk’s xAI said it raised $6 billion in its latest fundraising round, as the OpenAI rival looks to invest more in artificial-intelligence research and development. https://www.wsj.com/tech/ai/elon-musks-xai-will-raise-6-billion-in-latest-fundraising-round-fcdd722d
Get up to speed with what the markets are monitoring from Bloomberg Markets https://ift.tt/vzsHiWX
Former U.S. President and presidential candidate Donald Trump’s cryptocurrency holdings reached $10 million on Monday morning, according to crypto analytics firm Arkham’s onchain tool. The bulk of Trump’s holdings, $7.3 million, is in the TRUMP coin. Trump has pledged to support the crypto industry, promising to halt President Joe Biden’s anti-crypto initiatives and protect bitcoin.…
China-related equities were poised for further gains on Tuesday, while other Asian stocks look muted ahead of a swath of global inflation prints expected to influence monetary policy. from Bloomberg Markets https://ift.tt/4ZIeyjn
China-related equities were poised for further gains on Tuesday, while other Asian stocks look muted ahead of a swath of global inflation prints expected to influence monetary policy. from Bloomberg Markets https://ift.tt/3hPU2FG
Israel’s Netanyahu called the deaths of civilians in an airstrike in the southern Gaza city of Rafah a “tragic mistake,” pledging an investigation as international condemnation mounted against the attack that Palestinian officials said killed dozens. https://www.wsj.com/world/middle-east/dozens-killed-in-israeli-airstrike-on-rafah-0a0a4877
Alstom plans to raise the equivalent of about $1.08 billion in share capital as the French train maker works to reduce its debt levels. https://www.wsj.com/finance/investing/alstom-to-raise-1-billion-in-discounted-share-capital-increase-080eaab8
Adam Rozencwajg of Goehring and Rozencwajg, a fundamental research firm specializing in contrarian natural resource investments, forecasts a sustained bull market for gold, driven by increasing geopolitical tensions, central banks’ efforts to de-dollarize, and escalating inflation risks. He predicts that gold prices could reach $5,000 to $7,000 per ounce, supported by unprecedented central bank purchases,…