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XLK News30 articles
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 Surges on Expanded Google Cloud AI Partnership
Nokia shares surged after announcing an expanded AI network-software partnership with Google Cloud, integrating Gemini AI into network management tools, with SaaS launch set for September.
Marvell Technology Joins S&P 500 Amid AI Networking Surge, Trading at 106x Earnings
Marvell Technology (MRVL) joins the S&P 500, closing up 7.27% at $310.58, as AI networking demand and index inclusion fuel a valuation re-rating to 106x trailing earnings.
Micron's AI-Driven Surge Faces Crucial Earnings Test on June 24
Micron Technology shares surged 8.7% to a record close ahead of its June 24 earnings, seen as a pivotal test for the AI chip rally. The market expects strong results, but any sign of slowing demand could trigger a sharp selloff.
Webb Telescope Reveals Complete Star Formation Cycle in Orion
NASA's James Webb Space Telescope has captured all stages of star formation in a single image of the Orion A molecular cloud, providing an unparalleled near-Earth laboratory for studying stellar nurseries.
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.
S&P 500 at High Valuations Stirs Crash Fears Amid Mixed Signals
The S&P 500's high valuation and mixed historical signals have sparked talk of a potential 2026 stock market crash, with AI-driven profits under pressure from rising rates.
Dow Closes Holiday Week with Modest Gain, Eyes on Micron and Fed
U.S. markets closed for Juneteenth. The Dow posted a weekly gain, but tech stocks led as investors look to Micron earnings and Fed comments.
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.
Gas Dips Below $4 as Iran Deal Eases Oil Supply Fears
U.S. gasoline prices dipped below $4 a gallon Thursday after a U.S.-Iran interim deal to reopen the Strait of Hormuz, triggering a 2.33% drop in Brent crude and 2.46% in WTI; analysts warn relief may be slow as shipping risks and stalled production could delay full oil flow recovery for months.
Stocks Slide as Fed Signals Possible Rate Hike, Inflation Forecasts Rise
Wall Street declined after the Federal Reserve held rates but flagged a possible hike, lifting its 2026 rate forecast to 3.8% and PCE inflation projection to 3.6%.
Nokia Shares Split: Helsinki Gains, US ADR Slips Amid AI Expansion
Nokia Oyj shares in Helsinki edged higher Wednesday after announcing a major US photonics-chip packaging expansion and a Southeast Asia subsea cable upgrade, but its US ADR fell as investors remain cautious.
Dow Clings to Record Highs as Fed Decision Looms
The Dow Jones Industrial Average gained 169.86 points to 52,169.53, staying near record highs, while the broader market showed mixed results ahead of the Federal Reserve's policy announcement.
Wall Street Mixed as Market Awaits Fed Decision Under New Chair Warsh
U.S. stocks closed mixed Wednesday as the market awaited the Federal Reserve's rate decision under new Chair Kevin Warsh. Chip stocks rebounded, but stronger-than-expected retail sales raised inflation concerns.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
SpaceX Shares Rally on Record Options, Index Inclusion, and $60B Cursor Deal
SpaceX shares rallied 3.2% premarket following a record options session and a $60 billion all-stock acquisition of Anysphere, pushing its market cap above Amazon.
Nokia Rises on AI Network Expansion Plans; Optical Demand in Focus
Nokia Oyj shares rose 1.17% to €12.15 in Helsinki after unveiling major AI-focused network expansions, including a U.S. photonic-chip packaging facility and a subsea cable upgrade in Southeast Asia.
Dow Breaks 52,000 as Rotation Out of Tech Lifts Financials; Fed Decision in Focus
The Dow Jones Industrial Average closed above 52,000 for the first time, while the Nasdaq slid on tech weakness as investors rotated into financials and industrials ahead of the Fed's rate decision.
Dow Jones Hits New Peak; Tech Dips as Fed Meeting Looms
The Dow Jones Industrial Average hit a new record high, while the S&P 500 and Nasdaq slipped as technology stocks lost steam ahead of the Federal Reserve's pivotal policy decision.
Wall Street Rallies as Oil Retreats; Fed Decision Looms
U.S. stocks rallied Monday on falling oil prices and a U.S.-Iran deal, with the Nasdaq up 3.07%. Markets now await the Fed's decision Wednesday.
Xanadu Quantum Soars on Funding Hopes and Chip Advance
Xanadu Quantum Technologies soared 18% on potential $285M government support and chip progress, but losses and dilution risk persist.
Citi Boosts S&P 500 Target to 8100 on AI Boom and Earnings Growth
Citi lifted its S&P 500 target to 8,100 for 2026, fueled by AI demand and robust profits. U.S. stocks rose 1.5% Monday as oil fell on U.S.-Iran deal, with all eyes on Fed Chair Warsh's first meeting.
Nokia Shares Edge Higher on AI Optimism, But Valuation Concerns Persist
Nokia shares gained 1% in Helsinki, extending a 10% Friday surge, driven by AI and cloud demand. The stock remains volatile and trades above the average analyst target.
SpaceX Soars 20% in Historic IPO, Hits $2.1 Trillion Market Cap
SpaceX surged nearly 20% on its first trading day, closing above $160 and reaching a $2.1 trillion market cap, marking the largest IPO ever.
Asian Markets Rally on Oil Plunge, Central Bank Decisions Ahead
Asian equities opened higher on a sharp drop in oil prices following a US-Iran agreement, but caution remains ahead of BOJ and Fed policy decisions.
Nokia Stock Surges on AI Optical Network Growth Prospects
Nokia's ADR rose 5% to $14.80 on JPMorgan's bullish note, highlighting AI-driven optical network demand. Q2 results on July 23 will test if orders translate into revenue.
Wall Street Ends Week Higher on Oil Drop, SpaceX Rocket Launch
U.S. stocks rose on Friday as oil prices declined on optimism about a U.S.-Iran deal, and SpaceX's IPO surged 28% on its first day.
Nokia Shares Surge on AI Network Platform Launch
Nokia shares surged over 6% in Helsinki and 5% in New York after introducing an agentic AI framework for its Network Services Platform, highlighting AI and cloud growth.
Nvidia Targets China Market with Vera CPU Launch Amid AI Rally
Nvidia shares gained 2.22% to $204.87 after Reuters reported it is offering its new Vera CPUs to Chinese customers, with availability as early as August. The broader semiconductor index surged 7.91%.
Elon Musk on Track to Become First Trillionaire After SpaceX IPO
Elon Musk is poised to become the world's first trillionaire after SpaceX's IPO, with a valuation of $1.77 trillion, pushing his fortune over the trillion-dollar mark.