Credo Technology slides as Wall Street weighs whether optical tech could replace its copper cash cow

Markets split sharply on Wednesday as lower oil prices eased inflation fears, but pressure on technology stocks, crypto assets and precious metals kept investors focused on risk. By midday June 24, the Dow Jones Industrial Average traded near 51,828, up about 163 points, while the S&P 500 slipped 0.11% to roughly 7,357. The Nasdaq Composite […]

Credo's strategic positioning in AI infrastructure could drive significant growth, but reliance on hyperscaler clients poses cyclical risks. The post Brown Capital Management highlights Credo Technology as key fund addition amid AI infrastructure growth appeared first on Crypto Briefing.

Cboe Brings Prediction-Style Trading To Wall Street With Yes-Or-No S&P 500 Contracts TL;DR Cboe has launched prediction-style contracts tied to the M

The AI IPO tsunami on the stock market has only recently gotten under way, with SpaceX’s more-than-$2 trillion IPO likely to be followed in several months by OpenAI’s and Anthropic’s IPOs — each of which is likely to hit $1 trillion. That will mint three new trillion-dollar AI companies in a matter of months, all of which compete with Microsoft.  Wall Street has never seen anything like it. Previously, the most money raised by all IPOs in a single year was $671 billion in 2021. It took 38,644 deals to get to that figure. Compare that to three deals this year that by themselves will likely total $4 trillion. The numbers are eye-popping.  For Microsoft though, it’s not the numbers themselves that are important. It’s what will happen to the company once it as three newly minted trillion-dollar AI competitors. Until recently, when it came to AI, Microsoft was king of the hill. But can it keep that place? Microsoft’s weakened position The IPOs come at a particularly fraught time for Microso

Health care up ~3.1% after a BofA upgrade as investors seek steadier cash flows; S&P adds MRVL & FLEX in June. Why defensive EPS may edge out financials.

The semiconductor selloff highlights vulnerabilities in AI infrastructure investments, potentially reshaping market dynamics and investor strategies. The post Wall Street ends lower on semiconductor selloff amid AI spending concerns appeared first on Crypto Briefing.

A stronger dollar and hawkish Fed policy could dampen global demand for copper, impacting industries reliant on this key industrial metal. The post Copper holds losses as stronger dollar and hawkish Fed weigh on demand appeared first on Crypto Briefing.

Fortitude Mining Holdings and Heartsciences have agreed to an all-stock business combination that would bring a DCG-owned zcash (ZEC) mining platform to the Nasdaq Capital Market under the proposed ticker TUDE. The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Heartsciences shareholders. After closing, […]