The Trump administration is preparing to invest in drone companies Unusual Machines Inc and Neros as part of a broader $1.5 trillion defense spending plan. This move aims to enhance US drone capabilities, driven by lessons from conflicts in Iran and Ukraine. Stocks of Unusual Machines surged over 28% pre-market, while other drone firms like Kratos and AeroVironment also saw gains. This follows a trend of increased US investment in strategic tech sectors, similar to the recent $9 billion boost to Intel to reduce reliance on foreign suppliers. Further military-industrial investments are expected throughout 2026 under the proposed defense budget.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
The Direxion Daily Technology Bull 3X ETF (TECL) is rated Buy due to easing inflation and a positive outlook for the Nasdaq-100, driven by growing AI infrastructure investments and increasing influence of smaller AI-related companies beyond the major...
Intel Foundry has begun high-volume manufacturing of select Intel Core Ultra Series 3 processors, known as Panther Lake, using ASML's High NA EUV lithography on the Intel 18A process node. This marks a key milestone in semiconductor manufacturing, de...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) surged nearly 293% year-to-date but recently fell about 30% in the last month, including a sharp 16% drop in one day. SOXL uses leverage to triple daily semiconductor index returns, but this also...
