BlackRock (NYSE:BLK) jumped nearly 6% on Wednesday after a strong set of results, the latest Wall Street giant to impress this earnings season. The world's biggest money manager now looks after a record US$15.3 trillion. But the really interesting part is not the size; it is what it tells you about where ordinary investors are…
Aehr Test Systems (NASDAQ:AEHR) jumped sharply after its results because the company did something small caps rarely do: it gave investors a concrete, enormous growth forecast. Aehr makes equipment that tests chips before they ship, and demand for that testing is exploding as AI chips flood the market. Record orders and a bullish 2027 outlook…
Memory stocks are crashing today, and the speed of the reversal is striking. On Tuesday, these were the hottest names on the market. On Wednesday, they are among the worst. SK Hynix (NASDAQ:SKHY) fell about 10%, SanDisk (NASDAQ:SNDK) dropped 10%, Western Digital (NASDAQ:WDC) lost about 9% and Micron (NASDAQ:MU) slid 8%. The good news for…
When ASML talks, the whole chip industry listens. The Dutch company is the only supplier of the advanced lithography machines used to make cutting-edge AI chips, which means it sees demand coming long before the chipmakers themselves report it. So when ASML raised its 2026 revenue forecast for the second time this year, lifting it…
SK Hynix stock is surging because it sells the one thing the AI boom cannot get enough of: memory. The US-listed shares jumped 27% to around US$194, a huge move for a company already worth more than US$1 trillion. It is the mirror image of a story from earlier this week. IBM crashed 25% because…
PayPal (NASDAQ:PYPL), the company that helped invent online payments, has received a takeover offer worth more than US$53 billion. The bidders are Stripe, a fast-growing private payments company, and Advent International, a large private equity firm. Together they have offered US$60.50 a share, news that sent PayPal shares up about 17%. The number that tells…
DeepSeek, the Chinese company that shocked the tech world in early 2025, is getting ready to go public. Reports say it could file for an initial public offering, or IPO, as soon as late this year, with a listing planned for 2027. Ahead of that, it is raising new money at a US$71 billion valuation.…
Something unusual happened on Tuesday. The wider market was rising, cheered by cooling inflation. Yet software stocks were being hammered.
The trigger was IBM (NYSE:IBM), which crashed about 25%, to US$216.88, a steeper one-day fall than it suffered in the 1987 Black Monday crash. Trading volume hit almost six times normal levels. And it did not…
Goldman Sachs (NYSE:GS) stock is surging because the bank did not just beat expectations. It blew past them. Profit came in at US$20.98 a share when analysts had asked for US$14.48. Revenue jumped 39%. And when CEO David Solomon explained where the money came from, he pointed at something familiar to anyone following markets this…
JPMorgan (NYSE:JPM) just made more money in three months than any bank in American history. The headline number, US$21.2 billion, is enormous. But about a quarter of it did not come from lending, trading, or advising anyone. US$5.6 billion came from one-off gains, the biggest being a US$4.6 billion revaluation of shares the bank owns…
