SpaceX shares (SPCX) fell around 4.94% to $132.60 in early Thursday trading, pushing the stock below its $135 initial public offering price as another large batch of shares became eligible for sale. The decline comes after SpaceX defied expectations during its first major lockup expiration earlier this month, when more than 900 million shares became
The AI trade has already survived one serious test this year. Semiconductor stocks plunged in June and July as investors questioned whether extraordinary valuations, leverage and enormous infrastructure spending could be justified by future returns. Just weeks later, the sector has rebounded, with Micron reaching a trillion-dollar valuation and Nvidia heading into another closely watched
Nvidia (NVDA) shares were down 0.3% at $216.74 in early Thursday trading, extending a period of relative underperformance. The stock has risen 17% this year through Wednesday’s close, well behind the 66% gain in the PHLX Semiconductor Index over the same period. Nvidia’s earnings report next Wednesday could help narrow that gap, with several analysts
SpaceX stock (SPCX) continued to decline Wednesday as investors weighed a new milestone for Chinese rocket maker LandSpace alongside another large batch of shares set to become eligible for sale. SpaceX shares were down around 3% at the time of writing after closing about 2% lower on Tuesday. LandSpace successfully landed the first stage of
Anthropic’s revolving credit facility is expected to exceed its roughly $10 billion target as banks compete for roles in the artificial intelligence company’s planned initial public offering, Bloomberg reported, citing people familiar with the matter. Banks compete for roles in Anthropic’s IPO Anthropic is considering expanding its revolving credit facility beyond the $10 billion level,
Nvidia stock (NVDA) was higher in early Monday trading, rising 1% to around $227, after the chipmaker agreed to guarantee as much as $105 billion in lease payments tied to an OpenAI data center in Ohio. The facility is being developed by SoftBank-backed SB Energy, which will build, own and operate the campus for OpenAI
Artificial intelligence has become one of the biggest investment themes in global markets, fueling an unprecedented wave of spending on chips, data centers and computing infrastructure. But as billions of dollars flow into the sector through increasingly sophisticated financing structures, investors are beginning to ask a new question: is leverage becoming the biggest risk behind
OpenAI has reshuffled its executive ranks once again, replacing its chief revenue officer just eight months after her appointment, as the ChatGPT maker races to strengthen its enterprise business ahead of a potential stock market debut. The leadership change comes amid a broader wave of executive departures across the artificial intelligence industry, where competition for
SpaceX (SPCX) shares face another test next week as about 320 million additional shares become eligible for trading. The stock has gained around 22% in the week since more than 900 million shares became eligible for sale. Rather than falling as investors had widely expected, SpaceX shares rose 6.1% that day and jumped around 15%
Nvidia stock (NVDA) rose early Wednesday as investors appeared to take some comfort from a new financing initiative involving six of Wall Street’s biggest investment firms. Shares rose around 3% to about $223 in early trading. The MoUs announced Monday bring together Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs, and KKR to