Nvidia stock popped. Anthropic filed for an IPO. Oil is swinging. June is off to a wild start
Anthropic filed for an IPO, while Google parent Alphabet said it would raise $80 billion from stock sales to fund its AI buildout
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HPE stock soars after blowing past earnings expectations on AI demand
The company raised its full-year earnings guidance by $1 per share and said it is now two years ahead of its long-term financial plan
Nvidia CEO Jensen Huang calls Marvell the next trillion-dollar company. The stock soars
Nvidia entered into a broader partnership with Marvell earlier this year that included a $2 billion investment in the company
Rupee falls 10 paise to close at 95.29 against U.S. dollar
Brent crude, the global oil benchmark, was trading lower by 1.66% at $93.40 per barrel in futures trade
Oil prices fall amid Trump’s talks with Iran
Brent crude futures lost 75 cents, or 0.79%, to $94.23 a barrel, while U.S. West Texas Intermediate fell 85 cents, or 0.92%, to $91.31 a barrel
Stock markets decline in early trade as U.S.–Iran talks face repeated setbacks
The 30-share BSE Sensex declined 296.19 points to 73,971.30 in early deals. The 50-share NSE Nifty dropped 103.30 points to 23,272.25
Rupee rises 16 paise to 95.03 against U.S. dollar in early trade
The uncertainty surrounding West Asia continues to cast a shadow over financial markets and energy prices
Strategy sold bitcoin for the first time since 2022 to cover preferred stock dividends
The bitcoin-hoarding firm founded by Michael Saylor sold 32 coins last week for $2.5 million to fund distributions on its preferred stock
Anthropic files for an IPO that could make history
The filing comes as Anthropic, which makes the increasingly popular Claude AI chatbot, has seen a surge in demand for its AI products
Oil surges almost 8% as the U.S.-Iran ceasefire deal risks collapsing
Iran said negotiators would not meet with U.S. officials until Israel stopped attacks in Gaza and Lebanon and pulled back from occupied Lebanese territory
Wall Street closed May at record highs on AI and Iran hopes. Now the war is flaring again
Markets had ended the month at fresh highs after the U.S. and Iran reached a 60-day memorandum of understanding to extend a ceasefire
Markets
Gold declines ₹2,500 to ₹1.6 lakh/10g amid fresh U.S.-Iran tensions
Silver prices also weakened sharply, falling ₹5,000, or nearly 2%, to ₹2,69,700 per kilogram