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The Latest Breaking News from Nasdaq

Alibaba's Cloud Was Born Out Of 'Necessity,' Says Chairman Joe Tsai — Dependence On US Vendors Threatened 'All Of Our Profits'

Speaking at the HKU Business School Edward K Y Chen Distinguished Lecture, Alibaba Group Holdings (NYSE:BABA) chairman Joe Tsai said the company built its cloud business out of urgent need—not strategy—as rising reliance on U.S. technology vendors put its future profitability at risk.

Benzinga

Elon Musk Predicts 'People Don't Have To Work At All' In 20 Years As AI and Robotics Advance: It Will Be Like A 'Hobby'

Tesla Inc. (NASDAQ:TSLA) CEO, Elon Musk, said that the world is heading toward a future where traditional employment becomes obsolete, as rapid progress in artificial intelligence and robotics fundamentally reshapes the global economy.

Benzinga

Elon Musk Says He Doesn't Buy Stocks, But Thinks Google Will Be 'Pretty Valuable' In The Future And Nvidia's An 'Obvious' One

Over the weekend, Tesla Inc. (NASDAQ:TSLA), SpaceX and xAI CEO Elon Musk said that while he doesn’t invest in stocks, he believes Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Nvidia Corp (NASDAQ:NVDA) are the companies best positioned to dominate the future economy, apart from his own companies.

Benzinga

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Is Phillips 66 Stock Underperforming the Nasdaq?

Phillips 66 has lagged behind the Nasdaq Composite over the past year, but analysts remain optimistic about the stock’s prospects.

Barchart

AI Drug Discovery Startup Iambic Raises $100M Following Encouraging Cancer Drug Data

Iambic, a clinical-stage life science and technology company that uses artificial intelligence to develop medicines has raised more than $100 million in an oversubscribed financing round.

Benzinga

Why 12-Year-Old Mark Zuckerberg Built A Little Messaging Network For The Family Member Who Reportedly Wrote Him $100,000 Check To Start Facebook

Long before Facebook became a global social media giant, Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg was already coding innovative tech as a preteen.

Benzinga

The Insider Report: The Dip Was Bought Before the Holidays

As I shared in last week's report, the dip buying opportunity in markets was capitalized upon last week. Both the SP 500 and the Dow Jones Industrial Average closed at record levels on the weekly interval last week, with the former finishing up 3.73% and the latter rallying 3.18%. But…

Benzinga

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Consumer Tech News (Nov 24-28): Lawmakers Target Meta Over Alleged Fraudulent Ads, U.S. Pushes Taiwan To Boost Chipmaking Investment In America & More

Chinese President Xi Jinping highlighted the ongoing progress in U.S.-China trade ties after a phone call with President Donald Trump. This comes after it was reported that Washington is considering allowing Nvidia Corp (NASDAQ:NVDA) to resume AI chip sales to China.

Benzinga

5 Stocks Investors Couldn't Stop Buzzing About This Week: WMT, BABA, GOOG And More

Retail investors talked up five hot stocks this week (Nov. 24.28) on X and Reddit's r/WallStreetBets, driven by earnings, retail hype, AI buzz, and corporate news flow in the week.

Benzinga

'Stay Hard!': Coinbase CEO Brian Armstrong Says He Listens To David Goggins When 'Everything Sucks'

Coinbase (NASDAQ:COIN) CEO Brian Armstrong says he listens to retired Navy SEAL and best-selling author David Goggins videos about embracing difficulty and pushing past discomfort when he needs some extra pep in the morning.

Benzinga

Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care

Meta Platforms may be looking to alter where it spends its AI dollars. See what benefits the firm could reap from Google and Broadcom's chips.

MarketBeat

Nvidia's CEO Says Why AI Isn't a Bubble—And His Answer Points to a Trillion-Dollar Computing Revolution Already Underway

The AI bubble question finally got answered by the man who’s helped fuel the frenzy—and his response suggests investors worried about a 2000-style crash might be missing a fundamental shift that’s already reshaping how the world computes.

Benzinga

Benzinga Bulls And Bears: Alphabet, Reddit, Oklo — And Markets Bounce Bank On Rate Cut Hopes

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Benzinga

Options Corner: Why Airbnb CEO Brian Chesky's Billionaire Bounce Sets The Stage For A Bullish ABNB Trade

While Airbnb Inc (NASDAQ:ABNB) CEO Brian Chesky may rank among the world's richest people, that status took a bit of a beating recently. Much of his net worth — standing at around $10 billion — is largely tied to his stake in ABNB stock. Of course, the equity took a…

Benzinga

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Barchart

Stocks Settle Higher as Chip Makers and Energy Producers Rally

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.78%. December E-mini S&P futures (ESZ25 ) rose +0.50%, and December...

Benzinga

Nasdaq Seeks 4X Options Limit Jump For IBIT — Will Bitcoin ETFs Lift Off?

Nasdaq's International Securities Exchange wants BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) to be treated like Apple Inc (NASDAQ:AAPL), Nvidia Corp (NASDAQ:NVDA) and the SPDR SP 500 ETF (NYSE:SPY). And it's making no secret of it, a new filing with the U.S. Securities and Exchange Commission on November 21 asks regulators to…

Benzinga

Trump's Crypto Ties Come Under Fire From House Democrats: 'The Most Corrupt Crypto Startup Operation'

House Democrats accuse Trump Media Technology Group Corp. (NASDAQ:DJT) of turning the White House into an engine for an $800 million crypto windfall in 2025, according to a new partisan report.

Benzinga

Comcast CEO Eyes $28 Per Share Bid For Warner Bros. Assets, Outbidding Paramount, Netflix

Comcast Corp (NASDAQ:CMCSA) CEO Brian Roberts is pushing aggressively into the second round of bidding for Warner Bros. Discovery Inc (NASDAQ:WBD) as he looks to revive the company's weakening media portfolio.

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Benzinga

Crude Oil Gains 1%; Tilray Brands Shares Plunge

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 250 points on Friday.

Barchart

Stocks Climb on Strength in Chip Makers and Energy Producers

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.46%. December E-mini S&P futures (ESZ25 ) are up +0.35%, and December...

Benzinga

Surviving The AI Bubble: Three Factors That Separate Future Winners

If you squint, the AI boom in 2025 looks like a mash-up of every infrastructure mania America has ever seen. The railroad boom of the 1800s. The electrification push in the roaring 1920s. The fiber internet mania of the late 1990s.

Benzinga

Apple CEO Tim Cook Says Q1 Will Be 'Best Ever': New China Singles' Day Data Could Back Him Up

Smartphone momentum for Apple Inc (NASDAQ:AAPL) was strong in the fourth quarter, thanks to the launch of the iPhone 17 in September. Calls from management for the first quarter to be even better could come true thanks to momentum in China.

Benzinga

Palantir CEO Alex Karp Says These Types Of College Students Will Be The Most Successful: 'You Will Get Paid Downstream Of The Value You Create'

Palantir (NASDAQ:PLTR) CEO Alex Karp has regularly criticized higher education, and he recently shared which types of students will make it and which ones will struggle to find jobs.

Barchart

Stocks Supported by Fed Rate Cut Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.34%. December E-mini S&P futures (ESZ25 ) are up +0.20%, and December...

Benzinga

Amazon Hit By Black Friday Strikes: Thousands Of Workers Walk Off Job In Germany

Amazon.com Inc (NASDAQ:AMZN) is battling fresh labor unrest as thousands of warehouse workers in Germany walked off the job on Black Friday, escalating global pressure on the company.

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