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Dow Hits Record 51,562 as Investors Flee AI Chips, June 05
Dow Jones hits record 51,562 as investors rotate from AI chips to healthcare. Broadcom falls 12% on weak forecast. S&P 500 gains 0.41%.
Bitcoin Slides 13% in Worst Week Since February, June 04
Bitcoin drops 13% in worst week since February as ETF outflows extend to 13 consecutive days. Over 50% of BTC supply now in unrealized losses.
FUBO Stock Falls 6.2% to $10.06 as Earnings Loom, June 04
FUBO stock fell 6.2% to $10.06 on June 04. Meyka rates it a C with a sell recommendation and $5.94 price target.
Andhra Pradesh CM Chandrababu Directs Ministers on AgriGold Crisis, June 05
AP CM Chandrababu directs ministers to expedite AgriGold victim relief; Cabinet approves 31 posts and sub-committee for case resolution.
Activist Nomura Acquires 1.86% of TV Asahi, June 05
Activist investor Nomura Ayako acquires 1.86% stake in TV Asahi Holdings on June 4, becoming 8th largest shareholder. Stock rises 4.6%.
SpaceX IPO Prices at $135 Per Share, Targets Record $75 Billion Raise
SpaceX prices IPO at $135/share for record $75 billion raise, valuing the rocket and satellite firm at $1.77 trillion. Nasdaq debut expected June 12.
Japan Post Holdings Stock Rises 3.4% on June 05 as Earnings Loom
Japan Post Holdings stock rose 3.4% to ¥2,145.50 on June 05. Meyka rates it B-, indicating limited upside ahead of the June 26 shareholder meeting.
LG Group to Adopt 10,000 Nvidia GPUs for AI and Humanoid Robot Development
The LG Group has announced a major expansion in its artificial intelligence strategy by planning to adopt 10,000 Nvidia GPUs for AI model training and humanoid robot development. This move highlights the company’s growing ambition to become a global leader in next-generation AI and robotics technologies. The decision reflects how large industrial conglomerates are investing…
Puma Shares Jump 7% as Citi Upgrades Stock to Buy, Raises Target to €35
The Puma stock surged by 7% after Citi upgraded the company to a “Buy” rating and raised its price target to €35. The upgrade triggered strong investor interest, leading to a sharp rise in buying activity across European equity markets. The positive move reflects renewed confidence in the sportswear giant as analysts highlight improving brand…