stock market
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SpaceX Stock Slides 50% Amid Broader Space Industry Sell-Off
SpaceX shares have dropped 50% from their peak, caught in a wider industry downturn despite high growth expectations.
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Sergey Brin reclaims third-richest spot after Alphabet stock volatility
Google co-founder Sergey Brin has climbed back to the third-richest position globally following a rebound in Alphabet shares, ending a brief period of volatility.
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Cantor Fitzgerald Upgrades Sinch to Overweight, Sets Price Target at 43 Kronor
Cantor Fitzgerald has upgraded Sinch stock to ‘overweight’ with a price target of 43 kronor, reflecting a shift in the firm’s outlook on the cloud communications firm.
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Alphabet Shares Slide as Massive AI Infrastructure Spending Rattles Investors
Alphabet shares fell 8% after Q2 earnings revealed a $205 billion capital expenditure plan and negative free cash flow, fueling concerns over AI investment returns.
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Super Micro Computer Surges Nearly 20% on Record Order Backlog and Strong AI Demand
Super Micro Computer shares surged nearly 20% following a strong preliminary Q4 update, highlighting a $60 billion order backlog and improved gross margins, signaling.
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SpaceX Faces Market Volatility Amid Massive Share Unlock and AI Infrastructure Expansion
SpaceX prepares for a $116 billion share unlock on August 6 while scaling AI data centers in Texas amid cooling investor sentiment and stock price pressure.
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Mark Zuckerberg overtakes Michael Dell as world’s 5th richest person
Meta CEO Mark Zuckerberg reclaimed the fifth spot on the global wealth rankings as Dell Technologies shares cooled following a record-breaking rally.
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Market Valuations Signal Potential Correction Amid AI-Driven Speculation
Current US stock valuations have reached historical highs, drawing comparisons to the 1929 and 1999 bubbles as experts point to AI-driven speculation and fiscal risks.
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SpaceX Stock Struggles Post-IPO Amidst Launch Delays and Valuation Concerns
SpaceX shares have fallen below their IPO price, with recent launch aborts and high valuation metrics fueling investor concerns. Analysts maintain a largely bullish.
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Google Cloud Revenue Surges 63%: Why It Now Outshadows Alphabet’s Ad Empire
Google Cloud’s 63% growth to $20B signals a pivot for Alphabet, as AI infrastructure spending hits record levels and impacts long-standing capital policies.
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Rotork Bid Drives FTSE 250 Gains as Mining Stocks Retreat
FTSE 250 rose 1.1% as ABB’s £4.14 billion bid for Rotork triggered a 67% stock surge, helping to offset broader market losses driven by falling gold prices.
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Ocado Shares Slide 16% Following Mixed Interim Results
Ocado shares dropped 16% as underlying cash outflows deepened to £147 million, despite revenue gains driven by facility closures in North America.
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Lucid Motors Denies Bankruptcy Reports Following 55% Stock Crash
Lucid Motors has officially dismissed bankruptcy rumors after its stock plummeted 55% following reports of potential restructuring and insolvency.
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IBM Shares Plunge 20% Following Q2 Earnings Warning
IBM shares fell 20% as the tech giant reported a significant shortfall in Q2 sales and earnings, citing unexpected shifts in client capital expenditure.
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Goldman Sachs Profits Surge 78% on Strong Trading and Dealmaking
Goldman Sachs reported a 78% jump in Q2 profits to $6.6 billion, fueled by record-breaking investment banking fees and high trading volumes.