It’s not a chip company or a data center company, but AI is making it dramatically more profitable. Listen to the audio version of this article (generated by AI). Editor’s Note: Joe Austin has spent four decades working at the intersection of Wall Street and the physical economy — as a technology sector research analyst, ...
Key Points SpaceX briefly topped Amazon’s market cap on June 16, reaching $2.97 trillion at its intraday peak. The stock trades at 125 times trailing sales, roughly six times pricier than Nvidia. SpaceX stock’s red-hot momentum may cool down considerably over the next couple of years. 10 stocks we like better than Space Exploration Technologies ...
is down approximately 20% in the last 12 months. Most of the news around the company has been negative. There have been layoffs, significant ongoing capital expenditures to support its artificial intelligence ambitions, cost pressures in its gaming division, and the ongoing transformation of Microsoft’s relationship with OpenAI. That’s created significant noise around the company ...
Here’s a quick recap of the crypto landscape for Friday (June 19) as of 10:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Bitcoin price update Bitcoin (BTC) was priced at US$62,959.09, up by 0.1 percent over the past 24 hours. Chart via TradingView. ...
ASA Gold and Precious Metals (NYSE:) is a standout among closed-end funds (CEFs), but not for the reasons we’d like! For one, this gold-focused CEF pays almost no dividend itself (its yield is a meager 0.14% as I write this). That’s unusual for a CEF, as investors mainly buy these funds for their high yields. As ...
Key Points Alphabet was an early investor in SpaceX and is now a SpaceX customer. Nvidia could play an integral role in providing the compute capacity for SpaceX’s orbital data centers. Microsoft and Apple are cash cows, but they may not appeal to high-octane growth investors. 10 stocks we like better than Space Exploration Technologies ...
Reliance Industries Chairman Mukesh Ambani declared the Jio Platforms IPO the most important value creation milestone of 2026 at Reliance’s 49th Annual General Meeting on June 19. The company simultaneously filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India. This is a fresh issue of up to 270 million shares ...
Most of the fixed-income returns that are tracked on a weekly basis by this blog, ended higher on the week, despite all the chatter around Kevin Warsh and the latest Fed meeting. There just seems to be an undue amount of bearishness (i.e. higher bond yields and lower prices) discounted in Treasuries, and high-grade corporates, ...
PVH Corp. PVH is trying to turn brand momentum into steadier profitability as apparel demand stays uneven. The company’s latest quarter showed progress in direct-to-consumer channels, digital commerce and inventory control. The stock’s next move may depend on whether those gains can offset tariff pressure, weaker wholesale trends and softer demand in Europe, the Middle ...
Key Points Tesla (NASDAQ: TSLA) went public in 2010. One of the company’s missions (though by no means the only one) was to revolutionize the auto industry. The electric vehicle (EV) maker has had tremendous success in that department. It has helped make EVs more mainstream, pioneered a vertically integrated model that some competitors in ...
