Tiger

By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%.In addition to the rate move, the Fed announced that it would be ending the reduction of its asset purchases – a process known as quantitative tightening – on Dec 1....

Quantum computing stocks jumped in Wednesday trading.IONQ rose 6%; D-Wave Quantum, Rigetti Computing rose 5%; QUBT rose 3%; ARQQ rose 2%.

Chip storage stocks jumped on Wednesday. Seagate up 16%; Western Digital up 11%; SanDisk up 9%; Micron up 3%; Silicon Motion up 2%.

Semiconductor shares rose in Wednesday trading. SOXL up 6%; Nvidia up 5%; AMD, Micron, TSMC rose 2%; Broadcom rose 1%.

Wall Street futures were at new record highs on Wednesday ahead of earnings announcements from major U.S. tech companies and a U.S. Federal Reserve meeting that is expected to deliver a 25-basis-point rate cut.Market SnapshotAt 8:43 a.m. ET, S&P 500 futures rose 0.2%, Nasdaq 100 futures rose 0.3%, a...

Here are the biggest calls on Wall Street on Wednesday:Bank of America reiterates Nvidia as buyBank of America raised its price target on Nvidia after a meeting with management.“Meanwhile we think valuation at 32x/25x CY26E/27E PE remains compelling given it represents 2x. Raise PO to $275 from $235...

Uber has picked the first city for the launch of its new robotaxi service with Lucid and Nuro. No surprise, it’s San Francisco.The companies have already begun on-road testing after the delivery of their first vehicle, a Lucid Gravity SUV modified with Nuro’s self-driving software. But they will sti...

Gold stocks jumped in premarket trading on Wednesday as spot gold hit $4,018/Oz.Coeur Mining up 6%; Harmony Gold up 5%; Equinox up 4%; Kinross, Gold Fields up 3%; Newmont, U.S. Gold up 2%.

Quantum computing shares rallied in premarket trading. ARQQ up 6%; SEALSQ up 4%; Rigetti Computing, IONQ up 3%; D-Wave Quantum, QMCO, QUBT up 2%.

Teradyne on Tuesday forecast fourth-quarter revenue above Wall Street expectations, banking on robust demand for its chip-testing equipment, and named a new chief financial officer.Shares of the company surged more than 22% in premarket trading on Wednesday, after it also surpassed estimates for thi...

NVIDIA rose 3% in premarket trading on Wednesday.Nvidia (NVDA) stock on Tuesday rose 5% to close at a record high after the company announced a slew of product updates, partnerships, and investment initiatives at its GTC event in Washington, D.C., putting it on the doorstep of becoming the first com...

UBS Group AG profit beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted performance.The Zurich-based bank said net income was $2.5 billion in the three months through September, compared with a consensus for $1.4 billion. The result was ai...

Trump Media & Technology Group has announced a partnership with Crypto.com to launch Truth Predict. The move places the company in direct competition with major players like Polymarket and gives it a stake in the $9 billion prediction markets.

The clean energy company Bloom Energy surged 20.5% in overnight trading after Bloom Energy reported third-quarter adjusted earnings of 15 cents per share on revenue of $519 million. That far exceeded the earnings of 10 cents per share on revenue of $428.4 million expected by analysts polled by FactS...

Teradyne on Tuesday forecast fourth-quarter revenue above Wall Street expectations, banking on robust demand for its chip-testing equipment, and named a new chief financial officer. Shares of the company surged more than 22% in overnight trading, after it also surpassed estimates for third-quarter r...

Apple briefly topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.Its stock briefly reached $269.89, giving Apple a market value of $4.005

All three major U.S. stock indexes posted record closing highs again on Tuesday as Nvidia shares gained following news it will build artificial intelligence supercomputers for the U.S. energy department, and as investors were optimistic about corporate earnings ahead of key results from megacaps thi

On Wednesday, the Australian stock market showed little movement at the open, as investors awaited the significant September quarter inflation data, which is set to be released later in the morning and will influence future interest rate decisions.The Australian Bureau of Statistics is anticipated t...

Nvidia Corp. plans to make a $1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from mobile networking kit into artificial intelligence by the sector’s kingmaker.Nokia will issue about 166 million shares to Nvidia at $6.01 apiece, giving Nvidia a 2.9% s...