Market News

Elon Musk’s Boring Company Is Raising Money at a $20 Billion Valuation. Here’s How His Empire Outside Tesla Is Growing.

Key Points The Boring Company is reportedly raising $4 billion at a $20 billion valuation — nearly four times its 2022 price tag — as its Vegas Loop prepares to expand to the airport. Neuralink’s brain-computer interface is now implanted in 21 patients, and the …

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Crypto Market Update: Cloudflare, Western Union Unveil New Payment Layers

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Here’s a quick recap of the crypto landscape for Wednesday (August 5) as of 10:00 p.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$64,842.31, up by …

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Warren Buffett Bought Alphabet Stock Last Year. He Might Buy This Megacap Stock Next, Says a Wall Street Expert.

Key Points Money manager Ross Gerber thinks Netflix stock is cheap enough that it may attract attention from legendary value investor Warren Buffett. Netflix has a durable competitive advantage in brand loyalty and original content, and it remains the top streaming service by most metrics. …

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Amazon Just Joined the $3 Trillion Club. Here’s Why It Could Reach $5 Trillion by 2029.

Key Points Amazon topped a $3 trillion market valuation on the back of strong earnings results. It’s spending huge amounts to build more data centers and drive cloud computing revenue growth. A few issues could weigh on the stock price, but long-term investors have a …

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The Fed Didn’t Raise Rates Wednesday – So Why Did the Market Plunge?

Listen to the audio version of this article (generated by AI). The stock market has changed quite a bit since traders first began buying and selling shares in Amsterdam more than 400 years ago. The attempt to find explanations for why stocks behave the way …

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Universal Display Q2 Earnings Beat as Material Sales Weigh on Growth

Universal Display Corporation OLED delivered second-quarter earnings above the Zacks Consensus Estimate, but revenues fell short as material sales weakened. Earnings of $1.06 per share topped the $1.04 consensus estimate by 1.9%, while revenues of $152.2 million missed the $158 million estimate by 3.9%. The …

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Should You Buy Advanced Micro Devices (AMD) Stock After Its 12-Month Return of 200%?

Key Points Advanced Micro Devices has become one of Nvidia’s fiercest competitors in the market for artificial intelligence data center chips. The company’s data center revenue more than doubled during the 2026 second quarter. Whether investors should buy AMD stock might depend entirely on their …

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Taalas Buyout Boosts AMD’s AI Inference Abilities Against NVDA & GOOGL

Advanced Micro Devices AMD announced on Thursday (Aug. 6) that it has entered into a definitive agreement to acquire Taalas, a Toronto-based developer of specialized AI inference silicon, as the company looks to strengthen its position in the rapidly expanding AI inference market. Taalas’ technology …

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How Many of the Largest Companies Do You Own — and Should You Own More or Fewer?

Key Points One noteworthy event in 2018 was that the tech company Apple became the first to reach a trillion-dollar market capitalization. Today, there are more than a dozen such companies. Here are the recent top 10 largest companies by market cap. See how many …

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Prediction: Netflix Stock Won’t Double by 2031

Key Points Netflix’s revenue growth in the future won’t come close to what was achieved in the past. Competition is likely pressuring engagement, and the business is spending more on content. Based on shares trading at a cheaper valuation, the market is coming to terms …

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