Gold and silver prices fell significantly following the May inflation report and escalating US-Iran tensions. Spot gold dropped 4.26% to around $4,078 an ounce, and silver fell 2.66% to about $63.60. Inflation data showed a 0.5% rise in consumer prices for May and a 4.2% increase year-over-year, with energy prices surging, partly due to Middle East supply risks. The geopolitical tensions in the Strait of Hormuz are driving oil prices higher and keeping Treasury yields firm, which dampens gold's safe-haven appeal despite ongoing risks. US equities also declined, led by tech stocks. The market now watches if gold can rebound above key resistance levels or fall further amid these pressures.
Recent flow data shows robust institutional participation in AI infrastructure, semiconductors, cybersecurity, and communications technology sectors, with notable activity in leveraged technology ETFs and transportation. Key companies like Old Domini...
Dell Technologies reported a strong Q1 FY27 with $43.84 billion revenue, driven by a 757% YoY surge in AI-Optimized Servers and raised its full-year outlook to $165-$169 billion. In contrast, Super Micro Computer grew revenue 123% YoY to $10.24 billi...
In May, the Consumer Price Index (CPI) rose 4.2% year-over-year, matching expectations, with core CPI increasing 0.2%, slightly easing concerns about immediate Federal Reserve rate hikes. Supermicro announced plans to raise up to $7 billion through e...
Super Micro Computer Inc announced a $7 billion equity and equity-linked financing to fund component purchases for a surge in AI server orders totaling about $39 billion from over 20 customers. The company plans $5 billion in public offerings and a $...
Shares of Super Micro Computer fell 13% after announcing a $7 billion equity raise to fund AI server orders, sparking dilution concerns amid existing debt and missed revenue targets. Meanwhile, Dell Technologies gained 4%, benefiting from strong AI s...
