Tag: market
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Broadcom tumbles as revenue miss clouds AI boom bets
June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors’ lofty expectations of stronger momentum from the AI boom.The chipmaker could lose more than $285 billion in market cap at the current price of $4
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South Korea finance minister vows response to financial market volatility
SEOUL, June 4 : South Korea’s finance minister said on Thursday authorities would closely monitor risks around domestic stock, bond and foreign exchange markets and take measures to curb excessive volatility.”Minister Koo Yun-cheol emphasised he will immediately take necessary measures to respond to excessive
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Analysis:US tech stocks’ market dominance reaches new heights and presents new risks
NEW YORK, June 3 : The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group – and more vulnerable should those market leaders trip up.With stunning gains over the past two months, the S&P 500 technology sector now accounts for more than 39 per cent of the…
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AI giant Anthropic plans to sell shares in US as valuation nears $1tn
The AI company behind Claude is set to offer the public the chance to buy and sell shares in the firm later this year.
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Tobias Burns
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenu Latest AT&T downgraded ahead of SpaceX IPO on coming broadband competition from StarlinkTobias Burns32 Min AgoWhy Alphabet’s AI spending surge could weigh
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Justin Zacks
Justin Zacks is a Senior Equity Analyst & Correspondent for CNBC. Prior to joining CNBC, Zacks served as Vice President of Strategy for Moomoo Technologies. Before Moomoo, he covered the equities market at Bloomberg News.
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Jim’s Top 10
Jim’s Morning Thoughts lists 10 things Jim Cramer is watching before the trading day begins on Wall Street, including big headlines, major analyst calls and earnings reports.
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