Articles by Daniel Marsh
Memory ETF DRAM Hits $5B Inflows as AI Chip Demand Surges
Roundhill Investments' Memory ETF (DRAM) has drawn over $5 billion since its April 2 launch, with $1.1 billion in inflows on Thursday alone, as investors bet on memory chip makers critical to AI supply chains.
Fluence Energy Surges on $2B Order Intake, Analyst Upgrade
Fluence Energy (FLNC) shares surged after Roth/MKM upgraded the stock to Buy and doubled its price target to $26, citing a record $5.6B backlog and $2B in orders.
Carvana Stock Split Goes Live as CVNA's Recovery Gains Traction
Carvana's 5-for-1 stock split takes effect Thursday, with shares trading on a split-adjusted basis Friday. The move follows record Q1 sales and a staggering stock rebound.
Fidelity Cuts 800 Jobs, Plans 5,300 Hires in Tech Restructuring
Fidelity Investments cuts 800 jobs as it restructures technology and product teams, while planning 5,300 new hires this year, including 2,000 early-career employees.
Iron Mountain Stock Slides 4% as AI Data Center Rally Pauses
Iron Mountain shares fell nearly 4% Thursday, ending a six-day rally, as the AI-driven data-center play faces renewed scrutiny despite strong Q1 results and a raised outlook.
T. Rowe Price Maintains 5% Yield Amid Q1 Outflows
T. Rowe Price declares a $1.30 quarterly dividend, maintaining a 5% yield, despite $13.7B in Q1 net outflows and a drop in AUM to $1.71 trillion.
Nasdaq Futures Advance Ahead of April Jobs Data Amid Iran Tensions
Nasdaq 100 futures rise 0.67% early Friday, leading U.S. stock gains as traders focus on the April jobs report amid renewed U.S.-Iran tensions.
ASX 200 Suffers Sharpest Fall in Seven Weeks on Oil Surge, Geopolitical Tensions
The S&P/ASX 200 fell 1.51% to 8,744.40, its steepest drop in seven weeks, as renewed U.S.-Iran fighting sent oil above $100 a barrel and erased nearly A$50 billion from the market.
Indian Markets Plunge as Brent Crude Breaches $100, Sensex Drops 665 Points
Indian equity markets tumbled on Friday as Brent crude topped $100 a barrel, with the Sensex falling 665 points and the Nifty slipping below 24,150. The rupee also weakened, adding to investor concerns.
Oil Surge on Iran Tensions Drags US Futures Lower
US stock futures slipped as oil surged above $96 on renewed Iran conflict, stoking inflation fears. The S&P 500 fell 0.38%, with chip stocks declining, while Nvidia and Microsoft gained.
Centrica Plummets 5% as Retail Earnings Warning Overshadows £370M Gas Plant Buy
Centrica shares dropped 5.16% after warning retail energy earnings will hit the low end of 2026 forecasts, despite a £370 million deal to buy the Severn gas power plant.