To The Moon

Shares of leading designer of graphics chips Nvidia jumped 6.2% in the afternoon session after markets rallied, with the Nasdaq up 2.1%, while the S&P rose 1.1%, following strong earnings from big tech companies including Microsoft and Alphabet. Notably, the earnings highlighted the strong demand for AI solutions, including cutting-edge AI chips that power most AI applications. These chips are developed by Nvidia and its peers.For example, during its Q1'2024 earnings call, Meta raised its forecasted operating expenses and capital expenditures for the full year. The increased costs are related to the company's AI infrastructure. It also released its AI assistant, Meta AI. This product was rolled out across its family of apps and is powered by Llama 3, an open-source large language model that is a ChatGPT competitor.

Southeast Asian tech giant Sea Limited could see a turnaround toward profitable growth, said Loop Capital.Analyst Rob Sanderson upgraded shares to buy from hold. He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday.The company, which has e-commerce, financial services and gaming businesses, has struggled with valuation pressure over the last two years due to share loss to TikTok and strong competition, Sanderson said. However, it post

The streamer’s shares plunged as some analysts said a planned change to its financial reporting signals a growth slowdown aheadOther tech companies have pulled back on financial disclosures as they’ve

Nvidia’s market-cap losses this week far exceeded rival AMD’s entire market valueNvidia’s market-cap losses this week are greater than AMD’s entire market value.The decline in “Magnificent Seven” stoc

Alibaba Group Holding Ltd. co-founder Jack Ma has reportedly resurfaced with a comprehensive internal memo, stirring speculation about his future role in the company.What Happened: Ma has emerged with

After the latest blockbuster jobs report Friday showed continuing strength in the economy, more traders are betting the Fed may cut the benchmark federal-funds rate just once or twice this year, fewer than officials' last median forecast of three quarter-point cuts. And a handful are even starting to wager that the central bank will leave rates where they are.The shift could pose a challenge to a stock-market rally built on the hope that the economy would slow enough for the Fed to lower borrowing costs from multidecade highs above 5%, but not enough to start a recession. Instead, the prospect of growth and inflation keeping rates far higher than anticipated just months ago has rattled markets, sending the Dow Jones Industrial Average to its worst week since March 2023. Stocks recovered some ground after Friday's jobs data, but the blue-chip index finished the week down 2.3%.Yet as the economy has proved stronger than expected, investors have slowly walked back those bets. Futures tied

Boeing is reworking 50 undelivered 737 MAX jets after a supplier's employee recently found misdrilled holes on some fuselages, a new production snafu for the aircraft manufacturer.Spirit AeroSystems, which has been at the center of quality issues affecting 737s, supplied the fuselages.Boeing said that the issue could delay some deliveries in the near term and that existing 737s can keep flying."This is the only course of action given our commitment to deliver perfect airplanes every time," Boeing's commercial chief Stan Deal said in a memo to staff on Sunday.Boeing said it is finalizing instructions for the rework and expects to know how long it will take in coming days.A Spirit spokesman said the company is aware of the issue and is in close communication with Boeing. Last year, misdrilled holes by Spirit on the aft bulkhead of some MAX jets led to production delays.Boeing is facing additional regulatory scrutiny after the Alaska Airlines door plug blowout last month. That incident, w

SINGAPORE - With the merger between Singtel Singapore’s consumer and enterprise arms now complete in just over six months, the hard work of streamlining the integrated business will likely continue fo

-- The sense of doom that gripped crypto markets at the end of 2022 following a $1.5 trillion wipeout has 12 months later given way to a very different sentiment: avarice.Hyperloop One to Shut Down After Failing to Reinvent Transit. Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear. Harvard Financial Pain Grows as Blavatnik Joins Donor Revolt. Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalization. In its wake, myriad smaller tokens ranging from Sam Bankman-Fried-backed Solana to dog- and frog-themed memecoins took off as investors embraced risk again. An investor who bought $100,000 of Solana at the start of 2023 would now be sitting on a more than $800,000 gain.Bitcoin derivatives saw a burst of activity in 2023. Bitcoin options open interest on Deribit — the largest crypto options exchange — exceeded $16 billion for the first time in December, according to CCData. Bitcoin futures op

NIO has smashed expectations in the FQ3'23 earnings call, thanks to its increasing ASPs, growing sales, and improving automotive gross profit margins.These efforts are likely to moderate its cash burn