SpaceX Shares Hit Record Low as Post-IPO Selloff Deepens
SpaceX shares fell to a new all-time low of $110 as the post-IPO selloff continued, leaving the stock nearly 50% below its peak despite growing buying interest from ETFs.
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Chipmaker CXMT Becomes China’s Most Valuable Listed Company After 466% IPO Surge
Chinese memory chipmaker CXMT surged 466% on its market debut after raising $8.6 billion in Asia’s largest IPO of the year, becoming China’s most valuable listed company.
SpaceX Erases $1.48 Trillion in Market Value in Just 37 Days
SpaceX shares have fallen to a new all-time low, wiping approximately $1.48 trillion from the company’s market value in just 37 days and dropping well below their $135 IPO price.
SpaceX Shares Fall Below $140, Hitting New Post-IPO Low
By
Michael Foster
• 3 mins read
SpaceX shares fell below $140 for the first time since the company’s IPO, reaching a new post-listing low after giving up most of their early trading gains.
South Korean Stocks Tumble as AI Chipmakers Sell Off Despite Samsung’s Record Profit
By
Michael Foster
• 2 mins read
South Korea’s stock market fell sharply as investors sold AI chipmakers despite Samsung reporting record quarterly operating profit driven by strong demand for AI memory.
SpaceX Joins Nasdaq-100 as Billions in Passive Fund Buying Begin
By
Michael Foster
• 3 mins read
SpaceX officially joins the Nasdaq-100 today, a move expected to trigger billions of dollars in passive buying from ETFs and index funds tracking the benchmark.
Central Banks Double Gold Purchases as Poland and China Lead Buying
By
Michael Foster
• 2 mins read
Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
Michael Burry Bets Against AI Chip Rally, Shorts Micron, Nvidia and SOXX
By
Michael Foster
• 3 mins read
Michael Burry has expanded his bearish bets against the AI semiconductor sector, shorting Micron, Nvidia, Applied Materials, and the iShares Semiconductor ETF while warning that valuations resemble the dot-com bubble.
Michael Burry Warns AI and Semiconductor Stocks Could Fall 30%
By
Michael Foster
• 1 min read
Michael Burry warned that AI and semiconductor stocks may be approaching dot-com-style valuations, arguing that parts of the sector could face a correction of up to 30%.
Yen Slide Toward 162 Raises Fears of New Japan Currency Intervention
By
Oleg Petrenko
• 2 mins read
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986, raising concerns that Japan could intervene again to support the currency.
Apple Raises Prices Across Macs, iPads and Home Devices Amid Memory Shortage
By
Sophia Reynolds
• 2 mins read
Apple increased prices across several Mac, iPad, Vision Pro, and home device products, citing unprecedented cost inflation driven by a global memory shortage.
Micron Delivers One of the Biggest Earnings Beats in Semiconductor History
By
Emma Clarke
• 2 mins read
Micron reported record quarterly revenue, earnings, and guidance, significantly exceeding Wall Street expectations as surging demand for AI memory chips continued to drive growth.
Wendy’s Soars 42% as WallStreetBets Targets Another Potential Short Squeeze
By
Michael Foster
• 2 mins read
Wendy’s shares surged 42% after attracting heavy attention from WallStreetBets, with record short interest fueling speculation that the stock could become the market’s next major short squeeze.
Cboe Launches Prediction Market Platform Cboe Predicts
By
Michael Foster
• 2 mins read
Cboe has launched Cboe Predicts, a new prediction market platform that allows traders to take directional positions on future market outcomes through regulated exchange-traded products.
Getty Images Stock Doubles After OpenAI Partnership Announcement
By
Emma Clarke
• 2 mins read
Getty Images shares surged nearly 100% after the company announced a display partnership with OpenAI, highlighting growing demand for licensed content in AI products.