U.S. equities rose significantly on Wednesday as the Supreme Court raised questions about President Trump's tariffs, boosting investor confidence. Major indexes saw gains, with AMD and other AI stocks rebounding from valuation concerns.
Futures for the S&P 500 and Nasdaq-100 fell as AMD's quarterly results raised valuation concerns. Despite a revenue beat, investors are anxious about the AI sector's future.
Palantir Technologies is experiencing explosive growth in its AI platform, yet its stock has taken a hit, falling 9%. Analysts are divided on its valuation, with some seeing it as overvalued despite record revenues. What does this mean for investors?
A major shareholder in Core Scientific is set to reject the proposed $5 billion acquisition by rival CoreWeave, raising doubts about one of 2023's largest data center mergers. Trip Miller of Gullane Capital argues the deal undervalues Core Scientific, while CoreWeave defends it as a strategic move. The upcoming vote on October 30 could reshape the future of both companies amidst growing investor concerns.