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The Latest Breaking News from Nasdaq

OpenAI To Mass-Produce 1st Proprietary AI Chip With Broadcom, Secures $10 Billion Deal: Report

OpenAI is set to begin mass production of its first proprietary artificial intelligence chip next year through a partnership with Broadcom Inc. (NASDAQ:AVGO), marking a strategic shift away from its reliance on Nvidia Corp. (NASDAQ:NVDA) amid surging demand for artificial intelligence computing power.

Benzinga

Elon Musk Says 80% Of Tesla's Value Lies In Robots While China's UBTech Scores Record Deal, JPMorgan Sees Beijing Firms Leading The Humanoid Boom

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk doubled down on his robotics vision on Tuesday, predicting that the company’s Optimus humanoid robots will eventually represent approximately 80% of Tesla’s total value.

Benzinga

Trump Says He's Making It 'Very Easy' For Business As Mark Zuckerberg, Tim Cook And Tech CEOs Recite Investment Pledges

On Thursday, President Donald Trump hosted top technology executives at the White House, using the event to tout his business-friendly agenda while pressing leaders on how much they are investing in the U.S.

Benzinga

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Trump's $13 Billion Mistake: President Could Have Bought Dallas Cowboys For $50 Million

President Donald Trump's wealth has increased in recent years, with a big gain thanks to his stake in Trump Media Technology Group (NASDAQ:DJT) and his family's cryptocurrency ventures. Things may have been different if Trump acquired an NFL team in 1980 with his wealth likely worth significantly more and his…

Benzinga

Nvidia Just Went Quantum—And ETFs Are Scrambling To Catch Up

Nvidia Corp. (NASDAQ:NVDA) has made a big leap into quantum computing with its involvement in a $600 million funding round for Quantinuum, a majority Honeywell International Inc. (NASDAQ:HON)-owned quantum technology company.

Benzinga

Syndax Gains Attention With Strong Drug Portfolio, Path To Leukemia Market Growth

Investors are increasingly looking to biotechnology companies for potential breakthroughs and profitable returns, as the sector shows resilience and growth amid broader market volatility. Within this landscape, Syndax Pharmaceuticals Inc. (NASDAQ:SNDX) is capturing attention with its promising drug portfolio and financial performance.

Benzinga

Nasdaq Gains Over 100 Points; Science Applications Shares Fall After Q2 Results

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Thursday.

Benzinga

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What Going On With Lucid Group Stock Thursday?

Lucid Group, Inc. (NASDAQ:LCID) has unveiled its latest global brand campaign, Driven, featuring Academy Award-nominated actor Timothée Chalamet.

Benzinga

ETF Traders Are Quietly Positioning For Market Turbulence: Direxion

American equities might be printing new highs, but leveraged ETF flows are suggesting a market that is becoming more tactical rather than euphoric. Edward Egilinsky, managing director and head of Alternative Investments at Direxion ETFs, on Thursday said that in August, there was a move away from vanilla bullish wagers…

Benzinga

Dow Surges 200 Points; US Initial Jobless Claims Rise

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 200 points on Thursday.

Benzinga

Sam Bankman-Fried Invested In Anthropic Early, Here's How Much His Stake Would Be Worth If It Wasn't Sold While He Was In Prison

Former FTX CEO and co-founder, Sam Bankman-Fried, is currently serving more than 20 years behind bars after being convicted of fraud and conspiracy charges in 2023. An investment made by Bankman-Fried on behalf of FTX could have turned into huge profits, but was sold while the former crypto figure was…

Benzinga

Looking For The Next Opendoor? Try These 5 Stocks Eric Jackson Holds

Eric Jackson, founder of EMJ Capital, is known for his bullish view on Opendoor Technologies, Inc. (NASDAQ:OPEN) which he has targeted as a potential “100-bagger,” projecting targets as high as $82 per share.

Benzinga

Stocks Supported by Fed Rate Cut Expectations

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.31%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.28%. September E-mini S&P futures (ESU25 ) are up +0.29%, and September...

Barchart

ASML Explores India As Geopolitical Risks Threaten China Business

ASML Holding NV (NASDAQ:ASML), the world’s leading supplier of advanced chipmaking equipment, is seeking a foothold in India as Prime Minister Narendra Modi pushes to establish a domestic semiconductor industry.

Benzinga

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Benzinga

Shoe Carnival Lifts Profit Outlook As CEO Praises Rebanner Momentum, Stock Soars

Shoe Carnival, Inc. (NASDAQ:SCVL) shares surged Thursday after the company reported its second-quarter results.

Benzinga

The Real Reason Behind Bitcoin Outperforming The S&P500, Gold, Real Estate Over The Last 10 Years

Bitcoin (CRYPTO: BTC) has outperformed other asset classes over the past decade, though market commentators highlighted its significantly higher volatility.

Barchart

Stocks Gain and Bond Yields Fall as US Labor Market Cools

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.14%. September E-mini S&P futures (ESU25 ) are up +0.19%, and September...

Benzinga

T-Mobile Sees Quicker Payoff In UScellular Takeover With Higher Synergies

T-Mobile US Inc. (NASDAQ:TMUS) issued updated guidance after closing its acquisition of UScellular, raising its cost-savings target and cutting its integration timeline.

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Barchart

Is Starbucks Stock Underperforming the Nasdaq?

Starbucks has trailed behind the Nasdaq over the past year, and analysts are moderately bullish about the stock's growth prospects.

Benzinga

Nvidia's Soaring Market Cap Pushing S&P 500 Towards 'Bubble Risk,' Warns Deutsche Bank

Deutsche Bank analysts have raised concerns about the market cap of Nvidia Corporation (NASDAQ:NVDA), suggesting that it may be contributing to a potential bubble in the U.S. equities market.

Benzinga

C3.ai Posts Downbeat Results, Joins GitLab, Salesforce And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 50 points on Thursday.

Benzinga

Jim Cramer: Sell Chime, Get This Buy Now Pay Later Stock Instead

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended selling neobank Chime Financial, Inc‘s (NASDAQ:CHYM) stock and buying Affirm Holdings, Inc. (NASDAQ:AFRM).

Benzinga

Trump Calls Elon Musk '80% Super Genius' And '20% Problems' Amid White House Rose Garden Event Snub: 'I Like Him Now But…'

President Donald Trump says Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk is "80% Super Genius," but admitted that the billionaire had some problems.

Benzinga

Alibaba, ByteDance Defy Beijing Warnings As Chinese Tech Titans Race To Secure Nvidia's $12,000 H20 Chips, Eye Next-Gen B30A At Double The Price

Chinese tech giants are pushing ahead with Nvidia Corp. (NASDAQ:NVDA) purchases even as regulators in Beijing caution them against heavy reliance on U.S. chips.

Benzinga

Microsoft CEO Satya Nadella Hails Research Team Which Built Analog Optical Computer Using Smartphone Parts To Tackle AI Workloads

On Wednesday, Microsoft Corp. (NASDAQ:MSFT) CEO Satya Nadella praised a breakthrough by the company's research division, highlighting a prototype analog optical computer built with smartphone components that could reshape how industries solve complex problems.

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