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SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push
Reuters66d agobullish
SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push

Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, ‌for $60 billion, in a bid to ramp up its presence in the ‌enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public in a blockbuster ​Nasdaq debut that valued the firm at more than $2 trillion and immediately made it one of the world's most valuable companies. SpaceX said it expects the merger to close during the third quarter of 2026.

SpaceX Approaches $3 Trillion Market Value as Post-IPO Rally Continues
InvestorsHub66d agobullish
SpaceX Approaches $3 Trillion Market Value as Post-IPO Rally Continues

SpaceX (NASDAQ:SPCX) shares continued their remarkable advance in premarket trading on Tuesday, building on strong gains from their first two sessions as a public company and pushing the aerospace group toward a market capitalization of nearly $3 trillion. The rocket and satellite operator completed the largest initial public offering in history last week, ending its first day of trading on Friday with a valuation of approximately $2.

U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
InvestorsHub66d agobullish
U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures

Global markets were broadly cautious on Tuesday as investors assessed the implications of a preliminary peace agreement between the United States and Iran, monitored a surprise policy move from the Bank of Japan and continued to track the extraordinary post-IPO surge in SpaceX (NASDAQ:SPCX). Futures Trade in Narrow Range Ahead of Fed MeetingU.

Bloomberg66d agobullish
AI Stock Rally Is in Boom Phase Not Euphoria, BofA Survey Shows

(Bloomberg) -- The boom in artificial-intelligence stocks looks set to run further, according to a Bank of America Corp. survey, which found the majority of investors believe that the fear of missing out is continuing to drive the trade.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at

Reddit (RDDT) Stock After IPO Surge Is There Still Value In The Story
Simply Wall St.66d agobullish
Reddit (RDDT) Stock After IPO Surge Is There Still Value In The Story

If you are wondering whether Reddit stock is actually good value right now, you are not alone, especially after its headline grabbing listing and subsequent trading. The stock recently closed at US$181.88, with returns of 6.3% over the past week, 15.0% over the past month and 44.1% over the past year, while year to date it has fallen 24.8%. Taken together, these figures hint at shifting expectations and risk perceptions. Recent news coverage has focused on Reddit's status as a newly listed...

Strategy (MSTR) Stock Could Be 16% Below Fair Value After $100 Million Bitcoin Buy
Simply Wall St.66d agobullish
Strategy (MSTR) Stock Could Be 16% Below Fair Value After $100 Million Bitcoin Buy

Strategy (MSTR) has drawn fresh attention after acquiring 1,587 Bitcoin for about US$100 million, funded through US$209 million of at the market stock sales. This lifted total holdings to 846,842 BTC and expanded cash reserves. See our latest analysis for Strategy. Despite the latest Bitcoin purchase, Strategy’s share price has been weak over a longer window, with a 30 day share price return down 26.09% and a year to date share price return down 16.56%, even though the 3 year total...

Will The Fed Kill The S&P 500's Relief Rally?
Trefis66d agobullish
Will The Fed Kill The S&P 500's Relief Rally?

The S&P 500 closed Monday at 7,554.29, up 1.65%, as the Nasdaq surged 3.1%. This sharp rally appeared closely tied to geopolitical developments. On Sunday, June 14, President Trump announced the US-Iran peace deal via Truth Social, simultaneously authorizing the toll-free reopening of the Strait of Hormuz and removing the naval blockade. Consequently, WTI crude dropped roughly 5% to around $80, while Brent fell to $83, their lowest levels in months. The S&P now walks into one of the most consequ

3 Market-Beating Stocks with Exciting Potential
StockStory66d agobullish
3 Market-Beating Stocks with Exciting Potential

Companies that consistently increase their sales, margins, or returns on capital are usually rewarded with the best returns, and those that can do all three for years on end are almost always the legendary stocks that return 100 times your money.

SpaceX set to surpass Amazon's market cap as post-IPO rally continues
Reuters66d agobullish
SpaceX set to surpass Amazon's market cap as post-IPO rally continues

Shares of Elon Musk's SpaceX rose ‌more than 10% ‌in premarket trading on Tuesday, putting ​the company on course to overtake Amazon.com in market value to become the ‌world's fifth‑largest ⁠company, as it extended a post-IPO rally. The ⁠stock, which surged more than 19% on Monday, ​was last ​up ​10.1% at $211.8, giving ‌the company a market capitalization of nearly $2.8 trillion if gains hold. Amazon was last valued at $2.66 trillion.

Cerebras (CBRS) Lands OpenAI Deal And Amazon Partnership In AI Infrastructure
Simply Wall St.66d agobullish
Cerebras (CBRS) Lands OpenAI Deal And Amazon Partnership In AI Infrastructure

Cerebras Systems (NasdaqGS:CBRS) has secured a multi billion dollar deal with OpenAI. The company has also announced a partnership with Amazon, expanding its role in AI infrastructure. These announcements highlight fresh commercial traction with major AI and cloud players. Cerebras Systems focuses on purpose built AI compute, aiming to serve workloads that require intensive training and inference. The recent agreements with OpenAI and Amazon place the company directly alongside leading AI...

Palantir Technologies (PLTR) Stock Could Be 25.9% Overvalued After AI Rally】【。
Simply Wall St.66d agobullish
Palantir Technologies (PLTR) Stock Could Be 25.9% Overvalued After AI Rally】【。

Palantir Technologies (PLTR) stock recently moved higher after a broad rally in AI and software shares tied to lower bond yields following a U.S. Iran peace agreement, highlighting how macro conditions interact with the company’s growth story. See our latest analysis for Palantir Technologies. At a share price of $134.71, Palantir Technologies has seen short term sentiment swing around technical levels, with the 1 day share price return of 5.25% contrasting with a year to date share price...

Bloomberg66d agobullish
STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump

(Bloomberg) -- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen Horm