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THE TRUTH ABOUT: 5 | History Defined

SpaceX’s AI Could Be Worth Nothing If Stock Hits $100, Morgan Stanley Says — ETF Traders Should Pay Attention

Morgan Stanley believes the recent sell-off in Space Exploration Technologies Corp (NASDAQ:SPCX) has become overdone, arguing that investors are assigning virtually no value to the company’s AI business, despite it being a key pillar of the bank’s bullish thesis.

Benzinga

Amazon and Microsoft are spending $400 billion on AI—and investors are low on patience

Days after Wall Street punished Alphabet for its unbridled spending on AI infrastructure, the world’s two leading cloud giants are set to provide the latest update on their long-running rivalry.

Fortune

Meesho shares crack 5% as weak Q2 outlook spooks Street; Citi, Morgan Stanley react

Meesho shares fell after the company warned of slower NMV growth in the September quarter due to the rescheduling of its flagship festive sale and higher customer acquisition spending. While the outlook weighed on sentiment, the e-commerce firm narrowed its quarterly loss to Rs 133 crore from Rs 289 crore…

The Economic Times

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Infosys shares fall 3% as JPMorgan downgrades stock, Jefferies cuts target after Q1 results

Infosys shares fell after global brokerages turned cautious following the company's Q1 FY27 results and a cut to the upper end of its revenue growth guidance. JPMorgan downgraded the stock, while Jefferies lowered its target price, citing weaker demand visibility despite strong deal wins and rising AI-led revenue.

The Economic Times

Tesla Hits 11-Month Low: 'Patience Required,' Says Analyst

Tesla Inc (NASDAQ:TSLA) analysts are lowering their price targets after the company’s second-quarter results that saw earnings per share miss estimates and guidance for spending come in significantly higher moving forward.

Benzinga

Stock Indexes Settle Higher as Chipmakers Soar

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.89%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.93%. September E-mini S&P futures (ESU26 ) rose +0.81%, and September E-mini Nasdaq futures...

Barchart

Morgan Stanley Just Downgraded Adobe Stock. Here's Why.

Adobe shares sink as Morgan Stanley analyst downgrades them to "Underweight." Here’s why the investment firm recommends caution in playing ADBE stock at the current price.

Barchart

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Strength in Chipmakers Boosts Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.58%. September E-mini S&P futures (ESU26 ) are up +0.62%, and September E-mini Nasdaq futures...

Barchart

Stocks Gain as Chipmakers Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.26%. September E-mini S&P futures (ESU26 ) are up +0.35%, and September E-mini Nasdaq futures...

Barchart

Jersey Mike’s tests how far investors will stretch on restaurant IPO valuations

Jersey Mike’s is aiming for a near-$8 billion listing, testing investors’ appetite for franchise-driven growth.

Fortune

Nvidia Turns to a Japanese Giant to Solve the Power Botteneck. What That Means for NVDA Stock.

The hardest part of building AI data centers is no longer the chips. Nvidia’s talks with Mitsubishi Heavy show the bottleneck was always power.

Barchart

Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks

Dollar Tree, Morgan Stanley, and Accenture recently announced $2.5 billion, $20 billion, and $2 billion buyback plans, respectively, totaling $24.5 billion amid a record year for S&P 500 repurchases.

MarketBeat

Gilt yields edge higher as Andy Burnham promises to ‘meet fiscal rules’ as prime minister - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Reliance Industries share price target: What are brokerages saying after Q1 results?

Reliance Industries shares gained after the conglomerate reported better-than-expected June quarter earnings, driven by robust growth across its energy, digital and refining businesses. Brokerages remained bullish on the stock, with several reiterating Buy ratings and raising target prices, citing strong operational performance, improving refining margins and long-term growth prospects across…

The Economic Times

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Benzinga

SpaceX Stock Falls To Record Low, But One Analyst Sees it Hitting $800

Space Exploration Technologies (NASDAQ:SPCX) stock has plunged to a record low, wiping out more than $1 trillion in market value as the enthusiasm that fueled its post-IPO rally faded.

Benzinga

Weekend Round-Up: Bitcoin's New Role, Hacked CEOs And Big Bets on Crypto

This week was a whirlwind of activity in the crypto world. From CEOs discussing the future of Bitcoin to unexpected hacks, the industry was buzzing with news.

Barchart

OpenAI Hardware Pivot Sends Blunt Warning to Audio Giant. How to Play Hard-Hit Sonos Stock Here.

OpenAI is reportedly building a screen-free smart speaker. SONO stock dropped fast on the news.

Fortune

SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: 'Paving the superhighway to the stars'

A wave of wildly bullish price targets from Wall Street's SpaceX underwriters arrived just before the stock fell—raising questions about how much analysts really know.

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MarketBeat

Has Broadcom Become Too Expensive for Its AI Story?

Broadcom stock has stalled since November despite strong results, prompting Erste Group's downgrade over valuation, while Morgan Stanley still calls it a core AI winner.

The Economic Times

PayPal board sees Stripe-Advent's $53 billion bid as undervaluing company, sources say

PayPal's board considers a $53 billion takeover bid from Stripe and Advent International as undervalued. The company has not formally responded to the proposal from the consortium. Stripe and Advent have secured a $50 billion financing package for their offer. PayPal's board is evaluating the bid against its own turnaround…

Fortune

Warsh's Fed plan means it's time to read the bond market backward, says Morgan Stanley chief—and it could be great news for borrowers and homeowners

"If you can stabilize the volatility in the longer end by addressing the higher frequency of data in the shorter end ... it could be a really good thing," Morgan Stanley's Jim Caron tells Fortune.

Fortune

Morgan Stanley is riding high on the IPO boom with 70% of the top 100 unicorns in its pipeline, CFO says

Morgan Stanley is turning IPO relationships into recurring wealth revenue.

The Economic Times

US stocks today: US stocks end higher on cool inflation data, strong earnings

Wall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyout offer, while BlackRock and Morgan Stanley beat estimates. Despite weak semiconductor stocks, easing rate hike expectations and solid bank results supported gains across major indexes.

Barchart

Stocks Mixed on Favorable Inflation News and Chipmaker Weakness

The S&P 500 Index ($SPX ) (SPY ) today is up +0.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.64%. September E-mini S&P futures (ESU26 ) are up +0.16%, and September E-mini Nasdaq futures...

Barchart

Stocks Supported By Favorable Inflation News

The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.31%. September E-mini S&P futures (ESU26 ) are up +0.27%, and September E-mini Nasdaq futures...

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