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UNCOVERED: 5 | History Defined

Wipro shares plunge over 8%. What’s behind the selloff?

Wipro shares dropped significantly on Monday. This decline follows the company's share buyback record date. Investors who bought shares for the buyback are now selling. Morgan Stanley maintains an 'Underweight' rating. Challenges in growth and competition are impacting the IT sector. US market sentiment also affected Indian IT stocks.

The Economic Times

ASML becomes Europe's most valuable company ever as analysts bet on higher EUV output — its market cap hit $674 billion this week

ASML closed Wednesday, June 3rd, as the most valuable company in European history, reaching a market cap of $668 billion.

Tom’s Hardware

China can build humanoids at scale. The hard part is finding enough buyers

Chinese companies are pushing ahead with humanoid robot production. These robots can perform tasks like directing traffic and making coffee. Thousands of orders are coming from govt and private businesses. Experts question if demand matches production capacity. China leads in manufacturing, while the US leads in AI. The market is…

The Economic Times

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Apollo wraps up $35 billion debt to buy AI chips for Anthropic

The package, one of the biggest private credit transactions in history, highlights the race by top-tier financiers to fund data center construction and the chips they use. Tech companies are tapping every corner of the credit markets to meet AI’s unprecedented capital demands, forcing Wall Street to engineer novel debt…

The Economic Times

China can build humanoids at scale. The hard part is finding enough buyers

Chinese humanoid robots are making waves with their ability to do backflips, direct traffic and even make coffee

The Independent UK

Morgan Stanley Revamps Its Dell Stock Price Target After Blowout Earnings. Dell Is Expanding Beyond the AI Boom.

Dell’s AI server business is driving record revenue growth, higher guidance, and a powerful stock rally in 2026.

Barchart

Jamie Dimon called Elon Musk the ‘Edison of our time’ as JPMorgan hosted SpaceX’s $75 billion IPO road show—and even invited Musk’s mom

Top bankers are lavishing praise on Musk ahead of his rocket company’s record-setting listing.

Fortune

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Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040

SpaceX's revenue could hit $3.4 trillion by 2040, according to Morgan Stanley projections. The company is also preparing for its initial public offering, aiming to raise $75 billion. Morgan Stanley anticipates significant growth from SpaceX's AI business in the coming years. Goldman Sachs also expects substantial revenue from this segment…

The Economic Times

Wall Street giants tout SpaceX as Musk speaks at pre-IPO investor event

Wall Street investment banks are hosting exclusive events for potential SpaceX IPO buyers, offering rare access to top executives. Elon Musk virtually addressed JPMorgan clients, citing a "massive new growth phase" requiring capital. The company's futuristic valuation and record-breaking IPO plans have generated significant investor interest.

The Economic Times

Stocks Rebound on Strength in Banks and Managed Healthcare

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. June E-mini S&P futures (ESM26 ) rose +0.36%, and June E-mini Nasdaq futures...

Barchart

Wall Street Turns Bullish on Health Insurers: UNH Surges 5.7% as BofA Upgrades and Morgan Stanley Raises Target to $453

UnitedHealth Group was written off by many investors after five straight sessions of losses. Then Thursday morning arrived — with two simultaneous Wall Street upgrades, easing medical cost data, and a technical setup that had been coiling for a breakout. Here is what changed, what it means for patients, and…

Medical Daily

IndiGo shares crack nearly 30% from peak. Will Iran war, soaring oil prices cause more turbulence?

InterGlobe Aviation faces significant challenges in 2026 due to new FDTL norms causing pilot shortages and widespread disruptions. The Israel-Iran conflict further impacted operations with airspace restrictions and rising oil prices, leading to a net loss in Q4 FY26. Analysts remain cautious, with the outlook dependent on oil prices and…

The Economic Times

Morgan Stanley To Open Stock Administration Platforms To AI Agents: Report

Morgan Stanley will allow AI agents to connect with its stock administration platforms, according to a new report.

International Business Times

Asia's industrial supercycle is outpacing the West Asia oil shock: Chetan Ahya, Morgan Stanley

A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley's Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India…

The Economic Times

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The Economic Times

AI investment boom reshaping global capital flows, leaving India temporarily on the sidelines: Jonathan Garner

Foreign investors are shifting capital from India to North Asian markets like South Korea and Taiwan, driven by the AI investment boom and extraordinary earnings growth. While India's long-term growth remains strong with healthy earnings, the current global focus is on AI-driven capital expenditure, impacting investment flows.

International Business Times

Is AI coming for mundane workflows? Tech CEOs on proper AI use

The human brain is the only thing that can solve differential equations while running on pizza and chicken McNuggets, but LLM's can shave off costs on tedious and mundane tasks.

Fortune

Iran War has cost U.S. families $100 billion between increased military funding and higher oil prices, finds Moody's

"With the saving rate about as low as it ever goes ... [consumers] will have little choice but to rein in their spending, weighing further on the already sagging economy."

The Economic Times

Explained: Why Indian stock market has fallen prey to South Korea, Taiwan’s AI prowess

South Korea's stock market has surged past India's, becoming the world's sixth-largest, driven by its semiconductor giants' AI boom. India faces headwinds from a weakening rupee and lack of AI exposure. Despite current challenges, Morgan Stanley remains optimistic about India's long-term growth prospects, citing improving earnings and macro support.

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The Economic Times

Morgan Stanley says Indian stock market poised for strong year ahead. Here’s why

Morgan Stanley remains bullish on Indian equities, citing an earnings upcycle, supportive macroeconomic conditions and strong domestic flows. The brokerage expects sustained growth driven by investment, manufacturing and AI-linked opportunities, while highlighting external risks. It projects the Sensex could reach 89,000, supported by robust earnings growth and improving market fundamentals.

MarketBeat

Marriott International Says Travel Demand Stays Strong Despite Middle East RevPAR Drag

Marriott International (NASDAQ:MAR) Chief Financial Officer Jen Mason said travel demand remains broadly healthy, with leisure and group travel showing strength, while the Middle East remains the company’s primary near-term headwind. Speaking at a Morgan Stanley investor conference, Mason, who rece

The Economic Times

Morgan Stanley sees Reliance Industries’ AI, new energy bets powering next growth chapters. Here’s why

Morgan Stanley believes Reliance Industries has entered its fifth monetisation cycle, with artificial intelligence infrastructure and new energy businesses poised to become key growth drivers. Maintaining an overweight rating and a target price of Rs 1,803, the brokerage sees 34% upside in the stock.

Euronews

China's factory activity flatlines in May casting doubt over the economy

China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions.

The Economic Times

PB Fintech shares in focus after founders sell stake worth Rs 665 crore in Policybazaar parent

PB Fintech founders sold shares worth Rs 665 crore. Yashish Dahiya and Alok Bansal offloaded stock on Friday. Major investors like Goldman Sachs and Morgan Stanley bought these shares. This follows previous stake sales by the founders. PB Fintech reported strong revenue and profit growth for the January-March quarter. The…

The Independent UK

China’s factory activity slows in May, raising questions over its economy

China has reported that its manufacturing activity has slowed in May

AAP

China's factory activity slows in May, raising questions over its economy

China has reported that its manufacturing activity has slowed in May

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