Citadel's largest multistrategy Wellington fund returned 5.9% in July, marking its best monthly performance since 2022 and raising its 2026 gains to 12%. The firm's tactical and equities funds also saw record monthly gains of 11.1% and 14.2% respectively. These strong returns followed Citadel's acquisition of most public-stock holdings from the collapsed hedge fund Situational Awareness at a discount, positioning Citadel to benefit from a market rebound. This move highlights Citadel's strategy of capitalizing on distressed asset sales during market disruptions.
Micron Technology reported a record fiscal Q3 with $41.5 billion in revenue and strong 84.6% gross margins, driven by growing AI demand reshaping the memory market. Despite this, memory stocks fell sharply due to investor concerns over AI spending su...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF gained 460.92% over the past year, far exceeding the 126.59% rise of its underlying semiconductor index due to daily compounding in a trending market. However, recent volatility showed the ri...
Bank of America maintains a 'Buy' rating on Micron Technology, viewing the recent stock price drop as a buying opportunity due to solid demand from cloud and AI infrastructure. Despite expected normalization of memory prices by 2027-2028, Micron's ea...
US stocks surged with the Dow up 2% and the Nasdaq rising 2.4% after Treasury Secretary Scott Bessent indicated a potential deal with Iran to reopen the Strait of Hormuz, easing oil supply concerns and causing oil prices to fall over 5%. Palantir's s...
Semiconductor ETFs surged on Tuesday following Bank of America's analyst Vivek Arya reaffirming a Buy rating and $1,550 price target on Micron Technology, sparking a rebound in the AI-memory sector after a recent tariff-driven selloff. Micron's stock...
