These nontech stocks can ride the AI build-out for years
Massive spending on data centers and AI infrastructure can benefit “HALO” companies: hard assets, low obsolescence.
Massive spending on data centers and AI infrastructure can benefit “HALO” companies: hard assets, low obsolescence.
Asian stock markets move higher on Friday, tracking overnight gains on Wall Street as a global rally in semiconductor stocks and renewed AI optimism lifted sentiment. Strong earnings from Microsoft and Amazon reinforced expectations for continued hyperscaler investment and resilient AI demand. South Korea’s KOSPI Composite surged over 14.5%, driven by major gains in SK…
Treasury Wine announces $395 million charge tied to US supply chain revamp
The stock market has staged an impressive reversal, with the Nasdaq erasing a loss of more than 350 points and turning positive. The index is now up 20 points at 24,952. The Dow Industrial Average has climbed 656 points, or 1.26%, while the S&P 500 is higher by 30 points, or 0.42%. European equities finished…
Novo Nordisk shareholders are suing the drugmaker over its experimental obesity treatment CagriSema, alleging the company misled investors about a key clinical trial before releasing disappointing results that wiped billions of dollars off its market value. A federal judge on Tuesday allowed parts of that lawsuit to move forward, finding that investors had plausibly alleged…
Silver trims some gains on delayed US-Iran deal as traders await the US CPI !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressure. At the time of writing, the index trades around 99.96, easing from an intraday high of 100.45 and hovering…