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ALLY News30 articles
SoFi CEO Noto Boosts Stake Amid Rate Decision Anticipation
SoFi Technologies CEO Anthony Noto bought 13,888 shares for $251K ahead of the Fed's rate decision, sending the stock up 3.2% to $18.28.
S&P 500 Maintains Eligibility Rules; SpaceX IPO Looms
S&P Dow Jones Indices maintains its S&P 500 inclusion rules, while SpaceX's massive IPO could soon become a top ETF holding. Crypto markets show signs of a potential rally.
Ally Financial Targets Gen Z with Branchless Banking Campaign
Ally Financial's new 'Life Today' campaign targets Gen Z and millennials with a branchless model, adding 74,000 net new deposit customers last quarter.
Hershey's $1.7B Rally on Cocoa Margin Hopes Faces Weather Risk
Hershey shares surged 4.9% to $179.27, adding $1.7 billion in value, as investors bet on margin recovery from lower cocoa costs. However, rising cocoa prices due to Ivory Coast weather risks threaten the rebound.
Rigetti Shares Dip After Quantum Policy Push Fails to Sustain Rally
Rigetti Computing shares erased early gains Tuesday, as White House quantum targets and a $100M incentive failed to offset a $26M quarterly loss.
Tech Stocks Shed Over $1 Trillion as AI Rally Unravels
Nasdaq 100 futures tumbled nearly 3% as AI-linked tech stocks erased over $1 trillion in market value. SpaceX dropped below $2 trillion, while South Korea's KOSPI fell 9.99%.
Keel Infrastructure Slips After Rally, Awaiting Key Data-Center Leases
Keel Infrastructure shares fell pre-market after hitting a 52-week high, as the market weighs the Russell 3000 addition and convertible note offering against declining revenue and unsigned data-center leases.
Nokia Shares Retreat After AI Rally Fades on Google Cloud Deal
Nokia shares dropped 2.5% in Helsinki on Tuesday, giving back gains from a Wall Street rally fueled by a Google Cloud AI partnership, as market sentiment shifted.
Micron Earnings Test AI Rally as Memory Demand Surges
Micron shares fall 8% premarket ahead of earnings. Wall Street expects a beat, but analysts warn margins and outlook could disappoint despite surging AI memory demand.
Natural Gas Futures Dip as Rising Supply Tempers Heat-Driven Rally
U.S. natural gas futures eased 0.6% to $3.234 as rising supply countered bullish weather forecasts. July contract gave back Monday's gains, with storage at 5.8% above the five-year average.
Super Micro Faces Early Test After Nvidia-Driven Rally
Super Micro Computer (SMCI) fell 6.3% in premarket trading after a sharp rally, as the market assesses a new Nvidia-based AI server launch and an analyst upgrade against financing and order risks.
KOSPI Plunges 10% as AI Chip Rally Falters on Regulatory Concerns
The KOSPI fell 9.99% on Tuesday, its steepest drop in over three months, as a record AI chip rally reversed on regulatory warnings and profit-taking, with Samsung and SK hynix each falling over 12%.
Marvell's S&P 500 Debut Ends Lower Despite AI-Driven Rally
Marvell Technology shares dropped 0.9% in their S&P 500 debut, closing at $307.86, despite a 262% YTD rally driven by AI infrastructure demand. Analysts' price targets remain below the current level.
Apple's Pricing Warning Ignites NAND Rally, Sandisk Surges Premarket
Sandisk shares jumped 3.62% premarket to $2,263.89 after Apple CEO Tim Cook said memory price increases are unavoidable, validating NAND pricing power and driving sector-wide repricing.
Nokia shares slide 22% from peak as AI-driven rally faces Q2 test
Nokia shares have dropped 21.9% from their June 3 high, wiping out €18.5 billion in equity value, as the market awaits Q2 results on July 23 to validate the AI-optical network rally.
PCE Data and Micron Earnings Set to Test AI-Driven Rally
The S&P 500 and Nasdaq approach record highs ahead of key May PCE inflation data and Micron earnings, which could influence Fed policy and the AI rally.
Nvidia Rises Ahead of Holiday; Micron Earnings Test AI Rally
Nvidia closed 2.95% higher at $210.69 before the holiday, as chip stocks lifted the Nasdaq. Focus now shifts to Micron's earnings and Nvidia's annual meeting for AI demand cues.
Industrial Sector Outperforms as Falling Oil and AI Demand Fuel Rally
S&P 500 industrials surged 2.6% last week, outpacing the market as falling oil prices eased transport costs and AI-driven equipment orders rose. FedEx earnings and key U.S. data this week will test the rally.
Chip Stocks Rally as Micron Earnings and Inflation Data Approach
Tech stocks edged higher in a holiday-shortened week, led by chip names. Intel jumped 10.6% after President Trump said Apple would work with Intel on U.S. chip design. All eyes are on Micron's earnings and key inflation data.
Joby Aviation Ends Short Week at $10, Rally Faces Key Test After Break
Joby Aviation surged 6.5% to $10.00 in a shortened trading week, up 9.3% since June 12. The rally faces a critical test after the break as investors watch FAA milestones and execution risks.
WDC Hits Record on AI Data Demand, HDD Shortage Fuels Rally
Western Digital closed at a record $746.23, up 32.6% for the week, as AI-driven HDD shortages boost investor optimism. Analysts see upside but caution on supply risks.
Marvell Technology Set to Join S&P 500 After Strong Rally and KeyBanc Upgrade
Marvell Technology (MRVL) jumps 7.27% to $310.58 ahead of its S&P 500 entry on June 22, boosted by a KeyBanc upgrade to $385 and news of over five million photonic ICs shipped for AI data centers.
AI Chip Rally Lifts Nasdaq; Fed Policy Uncertainty Persists
Intel surged 10.6% on Apple partnership news, fueling a semiconductor-led rally that lifted the Nasdaq 2.43% in a short week, as markets await key inflation data and Fed policy cues.
Nebius Set to Enter Nasdaq-100 After Holiday-Shortened Rally
Nebius enters the Nasdaq-100 on June 22 after a holiday-shortened rally, fueled by passive fund flows and strong AI cloud revenue growth of 684%.
US Markets Closed for Juneteenth; Tech-Led Rally Secures Weekly Gains
US stock markets closed Friday for Juneteenth, locking in a tech-led rally. The S&P 500 rose 1.1%, Nasdaq 1.9%, and Dow 0.1% for the week. Investors now focus on Micron earnings and PCE inflation data.
Dow Halts for Juneteenth as Tech Rally Widens Weekly Gap
U.S. stock markets closed Friday for Juneteenth, with the Dow at 51,564.70, up 0.14% Thursday. Next week's May PCE inflation data and Micron earnings are key tests for Fed policy and the AI rally.
Fermi Rally Pauses as Nasdaq Halts for Juneteenth; Boardroom Battle Intensifies
Fermi shares jumped 10% to $9.50 ahead of the Juneteenth break, fueled by OpenAI tenant hopes, but the lack of a signed deal leaves the rally vulnerable as a proxy fight with former CEO Toby Neugebauer heats up.
Micron Hits Record High as AI Memory Demand Fuels Rally Ahead of Earnings
Micron shares hit a record high, capping a 15.5% weekly gain, as AI memory demand tightens supply ahead of next week's earnings report.
Wall Street Halts for Juneteenth After Chip Rally; Fed and Micron Earnings Loom
US stocks paused for Juneteenth after a chip-led rally pushed the S&P 500 to a record close, but investors brace for Fed hawkishness and key earnings from Micron next week.
Starbucks accelerates India expansion, targets 50-100 new stores annually under Niccol
Starbucks is ramping up India expansion with plans for 50-100 new stores annually, as CEO Brian Niccol pivots from turnaround to global growth. The JV holds 30% market share but remains unprofitable.