To The Moon

The Nasdaq marked its worst week since April—mostly driven by Friday’s selloff as enthusiasm for artificial intelligence and semiconductor stocks cooled following quarterly reports from Broadcom...

Microsoft shares closed at $428.05 on Thursday, up 0.17%. With the stock continuing to consolidate near record highs, unusual activity has emerged in the options market. A notable transaction...

Wall Street is making room for a big wave of new stock listings, capital raises, and new investment themes this week, much of it linked to the AI investment theme that has powered markets higher for much of the past three years.And that has stocks doing something they haven't done in a very long time.The NYSE Tick Index, little-known outside of Wall Street but closely tracked within it, measures market breadth by comparing the number of stocks trading on upticks with those trading on downticks.That suggests a worrying loss of short-term buying momentum for a market that has gained more than 15% over the past two months, powered by a near 20% advance for an index of the so-called Magnificent Seven tech stocks and a stunning 68% advance for the PHLX Semiconductor Index."It's too early to say if this is simply a mild bout of profit-taking, or a harbinger of a more protracted and deeper retreat," said David Morrison, senior market analyst at Trade Nation. "But investors will be mindful of

Hedge-fund manager says investors are ignoring Microsoft and other Big Tech names for the sake of the "new new thing," like chip stocks.Bill Ackman, CEO of Pershing Square Capital Management, shown...

U.S. stocks are set to face their biggest test since the U.S. war with Iran this month, as the long-awaited listing of Elon Musk's SpaceX hits markets just as momentum from the first quarter earnings season is starting to fade and investors are growing concerned over rising inflation pressures in the world's biggest economy.SpaceX, the first of three mega IPOs expected before the end of the year, is set to begin trading on the Nasdaq on June 12, with an expected valuation of as much as $2 trillion. The group will raise around $86.5 billion from the sale, making it the biggest U.S. listing on record."Not all high-profile U.S. IPOs have presaged major corrections in the S&P 500," said John Higgins, chief economic adviser for financial markets at Capit

Gold's rally should resume once Iran conflict ends. Investors could be facing a scenario of double 10Ks by the end of the decade - 10,000 for the S&P 500 and $10,000 for gold - if a forecast by Yardeni Research plays out."Our long-term bullish stance on gold rests on the idea that the S&P 500 could rally to 10,000 by the end of the decade. We expect that along the way, investors will rebalance into other assets, including gold," Ed Yardeni, founder and president of financial research group, told clients in a note on Thursday.While the S&P 500 SPX and gold prices tend to be inversely correlated on a cyclical basis, over time, they march in the same direction together, so when the index hits 10,000, gold should do the same, said Yardeni.The commodity fell sharply in March to around $4,375 an ounce and rebounded through mid-April as a cease-fire held. But gold seems to be testing that March low, its 200-day moving average of $4,407 an ounce and an intermediate upward trend line, followin

A furious rally has raised fears of a new bubble. If and when the party ends, five stocks will be left standing. They all remain undervalued.

The most dangerous words in investing are "This time it's different," warned celebrated fund manager John Templeton. But the market looks convinced that artificial intelligence really is set to break the cycle for chips and other hardware stocks.Look no further than Micron Technology. The memory-chip maker's share price surged 19% to close at a market valuation of more than $1 trillion on Tuesday. The trigger appeared to be a positive note from UBS arguing Micron's traditionally low price-to-earnings ratio, due to its tendency to go through boom-and-bust cycles, was now outdated as it locks in long-term deals.Strangely, despite its more than eightfold rise over the past year, Micron still looks cheap at less than 10 times forward earnings. If memory chips are really no longer cyclical, why shouldn't it trade in line with Nvidia's 22 times forward multiple, or even Advanced Micro Devices' 52 times?The discrepancy suggests Micron's memory chips are seen as a commodity, largely interchang

Wall Street spent May watching $Micron Technology Inc.(MU)$ rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter...

Wall Street spent May watching $Micron Technology Inc.(MU)$ rally toward a market value of roughly $850 billion on the strength of artificial intelligence memory demand.Below the headlines, a quieter...