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Investing.com61d agoneutral
Marvell stock pops after S&P 500 inclusion announcement

Investing.com -- Marvell Technology Inc (NASDAQ:MRVL) shook off a sharp two-day slump in postmarket trade Friday following the announcement of its upcoming inclusion in the bellwether S&P 500 index. Shares of the semiconductor company bounded 6% higher in after-hours trade as S&P Dow Jones Indices revealed the changes for its quarterly rebalance. The index addition caps a highly volatile week for Marvell, which initially went on a tear after Nvidia CEO Jensen Huang called it the next "trillion-d

SpaceX signs cloud deal with Google
Reuters62d agoneutral
SpaceX signs cloud deal with Google

SpaceX said on Friday ‌it has entered ‌into a multi-year cloud service ​agreement with Alphabet's Google for access to compute capacity. As part ‌of ⁠the deal, Google will pay SpaceX $920 ⁠million per month from October this ​year to ​June ​2029, with capacity ‌ramping up through September at a reduced fee, Elon Musk's space venture said in ‌a U.S. ​SEC filing. The ​compute ​capacity provided ‌includes about 110,000 Nvidia ​GPUS, ​CPUS, memory and other related components.

SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.
24/7 Wall St.62d agoneutral
SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.

The long-awaited SpaceX IPO next week positions the company at roughly $2 trillion in market value. On CNBC’s Morning Call Sheet on Friday, June 5, Adam Kobeissi, Editor in Chief of The Kobeissi Letter, strategist Matt Powers, and Senior Economist Jose Torres argued the deeper story is a rotation out of AI semiconductor leaders into ... SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.

The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.
24/7 Wall St.62d agoneutral
The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.

The May employment data landed with a thud for bond bulls, with implications for Treasury proxies like the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). May nonfarm payrolls rose 172,000, the best number since March, when the figure came in at 185,000, and well above expectations. CNBC’s Rick Santelli, reacting on Squawk Box, asked, “Is ... The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.

Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO
24/7 Wall St.62d agoneutral
Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Ripple’s XRP token is taking a hit on Friday, June 5. The cryptocurrency is down 6% to $1.103, extending a multi-day slide that has dragged the broader digital asset complex into the red. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are also down, but the XRP move stands out given the token’s famously devoted retail following. The selling ... Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke
24/7 Wall St.62d agoneutral
Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

Two beaten-down restaurant names, one decision: should a retirement-focused investor put fresh capital into Starbucks (NASDAQ: SBUX) or Chipotle Mexican Grill (NYSE: CMG) right now? Both stocks have been punished, but for opposite reasons. Starbucks has rallied off its lows as a turnaround takes hold, while Chipotle has cratered as its growth story collapsed into ... Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.
24/7 Wall St.62d agoneutral
SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

It’s big news as the buzz gets louder surrounding the most publicized IPO in years. CNBC reporter Robert Frank reported on June 5 that SpaceX’s IPO is set to price next Friday, June 12, at $135 per share. The deal would potentially lift Tesla (NASDAQ:TSLA) CEO Elon Musk’s net worth past $1 trillion, crowning him ... SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

These 4 Dividend Stocks Generate $19,200 Tax-Free Inside a Roth
24/7 Wall St.62d agoneutral
These 4 Dividend Stocks Generate $19,200 Tax-Free Inside a Roth

High earners in the 32% federal bracket holding ordinary-income dividend payers in a taxable brokerage account face a math problem that most never run on paper. If your $60,000 in dividend income is taxed as ordinary income at the 32% bracket, you owe $19,200 to the IRS, leaving $40,800 in net income. The same $60,000 ... These 4 Dividend Stocks Generate $19,200 Tax-Free Inside a Roth

Days Before Its IPO, SpaceX Just Got FAA Approval On a New Product That Could Change Space Forever
24/7 Wall St.62d agoneutral
Days Before Its IPO, SpaceX Just Got FAA Approval On a New Product That Could Change Space Forever

It’s hard to believe that we’re now just days away from the biggest IPO to touchdown on the public markets. It’s T-minus seven days until the big moment, and it feels like there’s no stopping the massive rush of market orders before day one. If space-based (orbital) data centers weren’t enough to get you excited ... Days Before Its IPO, SpaceX Just Got FAA Approval On a New Product That Could Change Space Forever

Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb, Broadcom, Chipotle Mexican Grill, CrowdStrike, Fiserv, Lululemon Athletica, NVIDIA, Tesla, Walmart, and More
24/7 Wall St.62d agoneutral
Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb, Broadcom, Chipotle Mexican Grill, CrowdStrike, Fiserv, Lululemon Athletica, NVIDIA, Tesla, Walmart, and More

Pre-Market Stock Futures: Futures are trading mixed on Friday as we prepare to close out one of the craziest weeks on Wall Street this year. On a day when we saw yet another all-time high, investors rotated out of chip stocks and into healthcare and industrials after Broadcom (NASDAQ: AVGO) posted disappointing results. When the ... Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb, Broadcom, Chipotle Mexican Grill, CrowdStrike, Fiserv, Lululemon Athletica, NVIDIA, Tesla, Walmart,

Famous Wall Street Futurist Says ‘Starlink Alone’ Justifies SpaceX’s $2 Trillion Valuation at IPO. Here’s His Math.
24/7 Wall St.62d agoneutral
Famous Wall Street Futurist Says ‘Starlink Alone’ Justifies SpaceX’s $2 Trillion Valuation at IPO. Here’s His Math.

SpaceX is heading toward one of the largest equity offerings ever, and one of Wall Street’s most-followed futurists says investors can focus on the Starlink satellite broadband business alone. The Starlink business by itself, he argues, is enough to underwrite a valuation north of $2 trillion. That is the case Brett Winton, Chief Futurist at ... Famous Wall Street Futurist Says ‘Starlink Alone’ Justifies SpaceX’s $2 Trillion Valuation at IPO. Here’s His Math.

Taiwan's Foxconn raises guidance for second-quarter outlook
Reuters62d agoneutral
Taiwan's Foxconn raises guidance for second-quarter outlook

Taiwan's ‌Foxconn ‌said on Friday ​that its second-quarter performance is ‌likely to ⁠be well above ⁠its previously anticipated ​forecast ​of "significant" ​growth. Foxconn, which ‌is Nvidia's biggest server maker and Apple's ‌top ​iPhone ​assembler, ​does not ‌provide numeric guidance ​for ​its outlook. (Reporting ​by ‌Ben Blanchard; Editing ​by Christopher ​Cushing)

Nvidia CEO sees robotics as next major sector in South Korea
Reuters62d agoneutral
Nvidia CEO sees robotics as next major sector in South Korea

Nvidia CEO Jensen Huang said on Friday that ‌he sees robotics as the next ‌major sector in South Korea. He was talking to reporters ​after arriving at Gimpo airport in South Korea on a flight from Taiwan. Huang said he had meetings scheduled ⁠with Hyundai, LG, SK, Samsung and Naver during his trip.

Morgan Stanley makes bold new call on Micron stock
TheStreet62d agoneutral
Morgan Stanley makes bold new call on Micron stock

Investors in Micron Technology (MU) stock have laughed all the way to the bank over the past year, especially those who bought into the AI memory story early. Putting the rally in context, Micron stock has gained almost 100% in the past month alone and over 350% over the past six months, ...