SpaceX (SPCX) has formally agreed to acquire artificial intelligence coding startup Cursor in a transaction that values the company at $60 billion. The acquisition advances Elon Musk’s efforts to strengthen his position in one of the fastest-growing segments of the AI industry. According to a company filing released Tuesday, Cursor investors will receive SpaceX stock
Pi Network (PI) has stabilized above $0.13500 on Tuesday following a modest weekend rebound. The coin maintains its recent 5% rebound from Saturday. However, the recovery remains fragile as buying conviction appears limited following a failed attempt to sustain a trendline breakout. Despite the short-term bounce, broader sentiment and on-chain indicators suggest the move lacks
Robinhood Markets said on Tuesday it will reduce its full-time workforce by roughly 10%, affecting about 290 employees, as part of a restructuring effort that comes despite record trading activity across several of its businesses. The online trading platform also said it would eliminate a small number of remaining open positions. Shares of Robinhood (HOOD)
Uniswap (UNI) token has returned to the spotlight after Standard Chartered initiated coverage of the decentralised exchange token with a long-term price target of $100 by 2030. The bank’s forecast immediately grabbed the market’s attention, helping UNI surge 13.8% in 24 hours to $2.99 and outperform the broader cryptocurrency market. The move was accompanied by
Qualcomm (QCOM) shares moved higher on Tuesday as investors focused on the chipmaker’s expanding artificial intelligence ambitions. Investors also reacted to reports of a potential acquisition and expectations for new details on the company’s data-center strategy at an upcoming investor event. The stock gained about 3% in premarket trading to $228.09, extending a strong rally
Marvell Technology stock price remains in a strong bull run this year and is now hovering near its all-time high. MRVL jumped to $308 on Monday, up by 233% this year and 350% in the last 12 months, making it one of the top gainers in Wall Street. Will this rally continue this year as
US stocks opened higher on Tuesday, continuing from Monday’s strong performance. The Dow Jones Industrial Average rose 383 points after the blue-chip index closed at a record high in the previous session. The S&P 500 surged 1.65% while the Nasdaq 100 fell 0.19%. The S&P 500 trades at 32.59 times earnings, compared with 24.63 times
Binance, the world’s largest cryptocurrency exchange, is facing a major regulatory challenge in Europe. Its application for a license under the European Union’s new crypto framework is reportedly set to be rejected, potentially preventing the company from continuing to serve clients across the bloc after June. Two sources familiar with the matter told Reuters that
Shares of Rackspace Technology RXT climbed about 16% in trading on Tuesday after the cloud services provider announced a major infrastructure agreement with Advanced Micro Devices and announced a 15% cut in its global workforce. The company said it has signed a definitive agreement with AMD for the phased deployment of up to 30 megawatts
SpaceX stock price continued its strong rally on Monday, helped by the resilient demand from investors. SPCX jumped to a high of $192, up sharply from the IPO price of $135. Still, there is a risk that the stock will follow the same path as Circle (CRCL), Figma (FIG), and Klarna (KLAR) did after their