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The Latest Breaking News from Nasdaq

Elon Musk Says 'They Simply Don't' Have The Funding, Doubts Stargate AI

On Tuesday, major artificial intelligence (AI) chip manufacturers, including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), Arm Holdings (NASDAQ:ARM), Marvell Technology (NASDAQ:MRVL), and Qualcomm (NASDAQ:QCOM), traded lower.

Benzinga

JPMorgan Chase Shakes Up Quantum Computing Division, Recruits State Street's Rob Otter As Marco Pistoia, Charles Lim Exit

JPMorgan Chase Co. (NYSE:JPM) has revamped the leadership of its internal research group, responsible for quantum computing and other advanced technologies. The bank has appointed a former State Street Corp. (NYSE:STT) executive to lead the team.

Benzinga

Apple's Online Store Is Now Live In Saudi Arabia, Flagship Stores Coming By 2026

Apple (NASDAQ:AAPL) has officially expanded its retail presence into Saudi Arabia by launching the Apple Store online and app, introducing direct customer support in Arabic.

Benzinga

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'Google Is At A Crossroads': T. Rowe Price Portfolio Manager Flags ChatGPT As Key Disruption Risk—As Search Giant Transitions From 'Librarian' To 'Expert'

As Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) prepares to report earnings this week, T. Rowe Price portfolio manager Tony Wong believes Google is facing a pivotal moment, one that is defined by the rise of generative AI and the ongoing disruption by ChatGPT.

Benzinga

OpenAI Is Spending Billions To Stay Ahead In AI—But JPMorgan Warns This 'Vibe Spending' Could Push Investors To Their Limit

ChatGPT-parent OpenAI may be leading the AI arms race, but its spending habits are raising eyebrows on Wall Street.

Benzinga

Chamath Palihapitiya 'Excited' About Coinbase's Upcoming Crypto Credit Card That Promises Bitcoin Rewards

Venture capitalist and vocal cryptocurrency advocate Chamath Palihapitiya expressed excitement Monday on receiving a rare commemorative cryptocurrency credit card from Coinbase Global Inc. (NASDAQ:COIN)

Benzinga

Universal Music Group confidentially files for US stock market listing

The Dutch-American firm, which represents the likes of Taylor Swift and Billie Eilish, is already listed in the Netherlands.

Euronews

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Elon Musk Doubles Down On OpenAI-Softbank Stargate Doubts—Says 'They Simply Don't' Have Money For The $500 Billion AI Infrastructure Push

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has renewed his skepticism over the ambitious Stargate project—a $500 billion AI infrastructure venture between OpenAI and SoftBank Group (OTC:SFTBF) (OTC:SFTBY)—saying the plan lacks actual financial backing.

Benzinga

Bank Of America Sees 11% Upside For Tesla Stock Despite EV Credit Phase-Out, Tariff Risks: 'Promise To Deliver Unsupervised FSD'

Bank of America (NYSE:BAC) has raised its price target for Tesla Inc. (NASDAQ:TSLA) stock as the investment bank is confident in Elon Musk's FSD ambitions.

Benzinga

Anthropic CEO Dario Amodei Not 'Thrilled' About It, But Admits Accepting Investment From Middle East Leaders Will Enrich 'Dictators' (UPDATED)

Editor’s Note: This story has been updated to include comments from an Anthropic spokesperson.

Benzinga

Opendoor, Verizon, Gamestop, Alphabet And Trump Media: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks experienced a positive trading session, with the Nasdaq climbing over 78 points or nearly 0.4% to 20,974.17. The Dow Jones Industrial Average was flat, falling 0.04% to 44,323.07, while the SP 500 rose by 0.1% to 6,305.60.

Benzinga

Space Stock Tracker: Virgin Galactic Makes A Comeback While Rocket Lab Takes A Breather

Several space stocks jumped last week on successful missions and bullish analyst coverage, while others slipped due to delays and new offerings.

Benzinga

Steel Dynamics Stock Sinks After Q2 Results Miss Estimates: Details

Steel Dynamics, Inc. (NASDAQ:STLD) released its second-quarter results after Monday's closing bell. Here's a look at the key figures from the quarter.

Benzinga

Trump Wanted To Break China—Now It's Crushing The US At Its Own Game

When President Donald Trump returned to the White House in January 2025, one of his signature ambitions remained unchanged: confronting China's global economic influence. From tariffs and trade talks to reshoring initiatives and supply chain pressure, the second term opened with renewed efforts to curb Beijing's rise—and reassert American dominance.

Benzinga

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Barchart

Stocks Supported by Chip Stock Strength and Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.50%. September E-mini S&P futures (ESU25 ) rose +0.19%, and September E-mini Nasdaq futures (NQU25...

Fortune

Stocks hit fresh all-time highs as strong earnings continue to power market rally

After the first week of this earnings season, 73% of companies beat per-share profit estimates, above the first-week average of 68%, according to BofA.

Benzinga

Opendoor Stock Is Soaring Monday: What's Going On?

Shares of Opendoor Technologies Inc. (NASDAQ:OPEN) are trading higher Monday as the stock continues to ride momentum fueled by retail investor interest and broader sector movement.

Benzinga

The Magnificent Seven Just Got A Secret Weapon—And It's Not AI

The Magnificent Seven stocks have driven Wall Street to all-time highs in 2025, recovering sharply from April's tariff-driven selloff. But a new earnings catalyst is emerging—and it's not related to artificial intelligence.

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Benzinga

Amazon Ups Quantum Game With New 54-Qubit QPU, Eyes Commercial Future

Amazon.com (NASDAQ:AMZN) Braket now offers customers access to IQM's newest quantum processing unit (QPU), Emerald.

Benzinga

Nvidia-Heavy ETF QQQ's Tiny Fee Cut Packs A $70 Million Punch In The ETF Fee War

A two-basis-point reduction might not be front-page news, unless you understand that it could translate into more than $70 million a year in savings for investors.

Benzinga

CoreWeave Stock Is Soaring Monday: What's Going On?

CoreWeave (NASDAQ:CRWV) shares are trading higher on Monday following the company’s announcement of a private offering for $1.5 billion in senior notes due 2031.

Benzinga

Nasdaq Surges Over 100 Points; Domino's Shares Fall After Q2 Results

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.

Benzinga

Netflix's Profits Clash With Peaking Business Concerns, Driving Interest In Direxion's NFLX Bull And Bear Funds

Content streaming juggernaut Netflix Inc. (NASDAQ:NFLX) continues to set expectations ablaze, thereby seemingly justifying its market performance this year. Last week, the media giant posted second-quarter financial results that exceeded analysts' expectations. In fact, the company's net profit of $3.1 billion represented a fresh record. However, the volatility of NFLX…

Barchart

S&P 500 and Nasdaq 100 Jump to Record Highs as Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.72%. September E-mini S&P futures (ESU25 ) are up +0.53%, and September E-mini Nasdaq futures...

Benzinga

Galaxy Digital Stock Is Moving Higher Monday: What's Going On?

Galaxy Digital Inc (NASDAQ:GLXY) shares are hitting new highs on Monday after the company announced a strategic partnership with K Wave Media (NASDAQ:KWM) to accelerate its Bitcoin (CRYPTO: BTC) treasury strategy.

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