Marvell (MRVL) has gained about 215.72% year to date at the time of writing, Wednesday afternoon, June 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 7.41% in the same period. The semiconductor giant has rallied thanks to its role in the AI boom. Positive news driving Marvell’s stock includes: Strong fourth-quarter fiscal
Broadcom (AVGO) just got a new validation point in the artificial intelligence chip race: OpenAI’s first custom chip, Jalapeño, unveiled on June 24. The chip was designed with Broadcom and built for inference, the computing process that allows products such as ChatGPT to respond to user requests. For Broadcom, the project is another sign that
Cathie Wood, chief of Ark Investment Management, likes to double down on her favorite tech stocks, especially when the prices are falling. That’s what she just did, buying a megacap tech stock amid a broader market sell-off. In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in
Micron Technology’s (MU) Q3 2026 earnings report landed on June 24, giving the AI trade a badly needed jolt. Goldman Sachs had cautioned that the positioning was bullish, expectations were high, and the stock’s huge run left little room for disappointment. Then Micron delivered more than a beat. Revenue, margins, and guidance came in well
June 23 gave me three reasons to pay closer attention to International Business Machines (IBM), also known simply as “Big Blue.” All three arrived together in a period of less than 48 hours. June 23, JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral, raising his price target to $291 from $270, according to
President Donald Trump met with the CEOs of Boeing, Lockheed Martin, and Honeywell at the White House on Wednesday, pressing them to speed up weapons production hours after the White House asked Congress for $87.6 billion in supplemental spending tied largely to the Iran war, according to CNBC. The timing cuts against the administration’s other
Every investor eventually buys one thing not for the upside but for the comfort. It is the asset you tuck away so you can sleep through a bad headline, the one that is supposed to hold its value when stocks wobble, when inflation bites, when the dollar feels shaky. For a generation of savers, precious
SoFi acquired Composer and is launching an artificial intelligence-powered investing platform. The tool helps users create, test, and automate trading strategies using everyday language. The move adds to a growing fintech race to keep retail investors engaged with AI tools. SoFi Technologies (SOFI) shares rose Tuesday after the fintech company announced a new push into
Not only has the Iran War driven up energy costs for Americans, but higher prices — not all related to oil — for many goods and services are erasing our desperately needed wage gains. Federal Reserve Bank of Chicago President Austan Goolsbee has had enough. He said he remains concerned aboutinflation and questioned whether all
The global investment bankJefferies just added a fresh twist to the Tesla (TSLA) stock debate. According to TheFly, veteran analyst Philippe Houchois kept his cautious stance on Tesla, but his latest take goes beyond deliveries, margins, robotaxis or EV demand. His concern is tied to SpaceX (SPCX), and it could change how investors think about