Latest News
Dow Hits Record High as Oil Plunges; AI Stocks Take a Breather
The Dow Jones Industrial Average closed at a record high of 50,650.76 on Wednesday, lifted by healthcare and consumer stocks, as oil prices tumbled and AI-related shares cooled.
Dow Jones Industrial Average Reaches New All-Time High as AI Rally Pauses
The Dow Jones Industrial Average hit a record close of 50,650.76 on Wednesday, driven by healthcare and consumer stocks, while the broader market paused after an AI-led surge. Chip stocks cooled, and energy shares fell with crude oil.
Meta Launches Paid AI Tiers, Stock Rises on New Revenue Path
Meta shares rose 3.9% after the company introduced paid subscription tiers for its social apps and Meta AI, signaling a potential new revenue source beyond advertising.
Cipher Digital Stock Surges on AI Data Center Expansion Plans
Cipher Digital shares surged 9.5% to $25.21, approaching a 52-week high, as the company announced new AI data center leases and a $200 million credit facility.
UiPath Stock Holds Steady Ahead of Q1 Results; AI Agent Strategy Under Spotlight
UiPath shares edged lower Wednesday as investors await fiscal Q1 results. The AI automation firm faces tough competition but is betting on agentic AI to drive growth.
Apple Stock Climbs on AI Optimism Ahead of Developer Conference
Apple shares rose 0.8% to $310.71 on Wednesday, lifting its market cap near $4.58 trillion, as investors looked ahead to AI announcements at the upcoming WWDC.
Tesla Shares Rise on European Sales Rebound, BYD Maintains Lead
Tesla shares climbed 1.4% to $439.61 after European registrations jumped 46.5% in April. BYD outpaced Tesla with a 114.5% surge, remaining the top EV seller in Europe.
Grab Shares Climb as Superbank Consolidation Nears
Grab Holdings shares rose 1.3% Wednesday after announcing the consolidation of Indonesia's Superbank into its financial services segment, with financial services revenue up 43% to $107 million.
Keel Infrastructure Surges as AI Data Center Play Gains Traction
Keel Infrastructure shares rose 7.99% to $5.54 on heavy volume, driven by investor interest in its AI infrastructure pivot, though Q1 revenue fell 23%.
Dycom Industries Surges on Earnings Beat, Data Center Expansion
Dycom Industries shares surged 27% after beating Q1 earnings estimates, raising full-year guidance, and announcing a $275M acquisition to expand data-center infrastructure services.
Hoth Therapeutics Soars on Pivot to Space-AI with Rocket One Rebrand
Hoth Therapeutics shares jumped 71% to $1.21 after the company rebranded as Rocket One Inc., shifting focus from biotech to space, defense, and nanomagnetic AI chips.
Intuitive Surgical Dips on Goldman Sachs Price Target Cut Amid Medtech Weakness
Intuitive Surgical shares slid over 4% after Goldman Sachs cut its price target to $558. The medtech giant posted strong Q1 revenue growth but faces tariff and competitive headwinds.