Wedbush analyst Dan Ives says the recent weakness in chip stocks was due to investors repositioning ahead of SpaceX's IPO, not a drop in demand. After SpaceX's listing, the tech sector held steady, indicating strong fundamentals. Ives expects upcoming IPOs from AI firms OpenAI and Anthropic to further boost investment in chips, energy, and infrastructure. He believes the AI spending cycle is just beginning, with monetization through cloud growth set to accelerate in late 2026, and highlights data ownership as key for enterprise AI success.
U.S. stock futures showed mixed results with Dow Jones futures down while Nasdaq 100 and S&P 500 futures rose as investors awaited the Federal Open Market Committee's interest rate decision. La-Z-Boy surged nearly 20% after reporting better-than-expe...
SpaceX, with a massive $2.7 trillion market cap but no earnings, is set to be included in major index funds like Vanguard's VUG this summer. This inclusion is controversial as it introduces high volatility—SpaceX's implied volatility is nearly 120, t...
SpaceX went public with an IPO valuation of $2.1 trillion, trading at 112 times sales despite $4.9 billion in net losses and negative free cash flow. The high valuation is driven by aggressive projections from underwriters, but independent analysts e...
Shares of SpaceX surged nearly 5% to close above $200, showing extreme volatility with intraday peaks near $225. Investor enthusiasm is driven by SpaceX's ambitious space projects and AI ventures, including recent acquisitions and data center expansi...
Marvell Technology's stock dropped 9.78% to $278.67 on June 16, following a rapid rally earlier in the month. The decline was driven by insider selling, including CEO Matthew Murphy offloading 7,500 shares, and broader semiconductor sector weakness a...
