AMD Shares Surge on Optimism Over Demand for AI Chips from Tech Giants
AMD shares surged more than 8% on Tuesday to their highest closing price since November 2021, driven by optimism about the increasing demand for the company’s artificial intelligence (AI) chips from tech giants like Microsoft, Google, and OpenAI. Analysts at…
Plug Power Inc. Faces Backlash Over $1 Billion Stock Offering
Plug Power Inc. (NASDAQ: PLUG) has made headlines with its recent disclosure of an at-market stock offering of up to $1 billion, as reported in an SEC filing on Wednesday. The company has entered into an agreement with B. Riley…
Allied Properties REIT Declares Monthly Distribution for January 2024
On the Toronto Stock Exchange (TSX), Allied Properties Real Estate Investment Trust (REIT), trading under the ticker symbol AP.UN, has declared a monthly distribution of $0.15 per unit for January 2024. This translates to an annualized amount of $1.80 per…
Kingsoft Cloud Holdings Ltd (KC) Pre-Market Trading Update
Kingsoft Cloud Holdings Ltd (KC) experienced a 1.57% decline in pre-market trading on Monday morning, reaching $3.13. The company’s short-term technical score of 59 suggests a more bullish trend compared to 59% of stocks in the market over the last…
Stock Market Update: Dow Inching Higher, S&P 500 Extends Losing Streak
Stocks on the Move: Dow Inching Higher, S&P 500 Extends Losing Streak On January 4, 2024, the stock market saw the Dow Jones Industrial Average inching higher ahead of the jobs report, while the S&P 500 extended its losing streak….
Dow Jones Approaching Key Swing Level, Prompting Speculation
The Dow Jones is approaching a key swing level, prompting speculation about its future direction. Last Friday, the Dow Jones finished the day largely unchanged following the release of two significant economic reports. The US NFP report initially led to…
Everence Capital Management Inc. Raises Holdings in Microsoft Co. (NASDAQ:MSFT)
Microsoft Co. (NASDAQ:MSFT) has seen an increase in its shares as Everence Capital Management Inc. raised its holdings in the company by 2.8% during the 3rd quarter, as reported in its most recent 13F filing with the Securities and Exchange…