The market is once again all in on Broadcom , pushing up the stock 31% over the past month and 14% this year. Eyes now turn to its fiscal second-quarter earnings report for the quarter that ended in April, due to be released Thursday after the market close. Investors have piled into the chipmaker and infrastructure software provider after strong first-quarter earnings were reported in March, when Broadcom’s second-quarter guidance for sales and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, also topped analysts’ estimates and it touted “continued strength in AI semiconductor revenue.” A month later, Broadcom…
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Shares of Circle Internet Group soared as much as 235% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.The stock opened at $69.50 on the New York Stock Exchange after its IPO priced at $31. At one point, it traded as high as $103.75.The New York-based company priced its IPO late Wednesday, far above this week’s expected range of $27 to $28 and an initial range last week of between $24 and $26, valuing the company Thursday at some $6.8 billion before trading began.Stock Chart IconStock chart iconCircle (CRCL) rose as high…
The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty ImagesDefense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae Stephens said on Thursday.”As we continue working on building a company that has the capacity to scale into the largest problems for the national security community, we thought it was really important to shore up the balance sheet and make sure we have the ability to deploy capital into these manufacturing and production problem sets that we’re working on,” Stephens told…
Despite a disappointing run so far this year, history shows Apple can regain momentum in the coming months. JPMorgan analyst Samik Chatterjee pointed to the stock’s outperformance compared with the S & P 500 in all but one of the last seven years when looking at a timeframe beginning in June and ending in mid-September. That’s because investors typically grow excited into new iPhone releases. On average over the past seven years, Apple shares have rallied 18% in this time period. By comparison, the S & P 500 has risen less than 6%. That would be a welcome change for…
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President Donald Trump on Thursday said that Elon Musk has been criticizing his proposed tax bill because the Tesla CEO is “upset” about the elimination of EV credits in the package, and his pick to run NASA being nixed by the Trump administration.Trump spoke after days of Musk condemning the bill on social media. Musk on Tuesday call the bill a “disgusting abomination.”Musk last week left his temporary government post overseeing DOGE, the Trump administration’s effort to slash federal spending and employee headcounts. Musk also was the biggest financial backer of Trump’s 2024 campaign, spending more than $250 million on…
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPalantir CEO Alex Karp said the artificial intelligence arms race between the U.S. and China will culminate in one country coming out on top.”My general bias on AI is it is dangerous,” Karp told CNBC’s “Squawk on the Street” on Thursday. “There are positive and negative consequences, and either we win or China will win.”Karp has been a vocal advocate for…
Stock traders monitor share prices during an intra-day trading session at a brokerage house in Mumbai on April 8, 2025. Asian and European markets battled on April 8 to recover from the previous day’s tariff-fuelled collapse. US President Donald Trump slapped a flat 26 percent tariff on imports from India last week, with New Delhi saying it was examining both “implications” and “opportunities” from the duty hikes. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee | Afp | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely,…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — There will always be an agriculture cycle and companies in the agriculture space will always be, to some extent, beholden to it. In fact, companies in most sectors of the economy must contend with one cycle or another — commodities, interest rates, housing, capex, etc. But in the digital age, companies have found ways to annuitize their businesses and transcend this cyclicality. Converting traditional transaction-based business models into subscription or annually recurring revenue (ARR) business…
Shai Gilgeous-Alexander #2 and Jalen Williams #8 of the Oklahoma City Thunder react on the bench against the Minnesota Timberwolves during the fourth quarter in Game Five of the Western Conference Finals of the 2025 NBA Playoffs at Paycom Center on May 28, 2025 in Oklahoma City, Oklahoma. Matthew Stockman | Getty ImagesNBA teams notched $1.62 billion in sponsorship revenue this season — an increase of 8% since last year, and 91% from $850 million five years ago, according to third-party data firm SponsorUnited.While the volume of deals was up just 2.5% since last year, the partnerships got bigger and…
