BNY Mellon US Large Cap Equity Growth ETF (BKLG)
- 25.750
- -0.080-0.31%
BNY Mellon US Large Cap Equity Growth ETF (BKLG) News
Musk Warns of AI Power Shortfall! Global Surge in Grid Construction Brings Investment Opportunities in Computing-Power Synergy
Musk projects that AI chips could face a power shortfall of at least 15 gigawatts by 2027. Power supply has become the "ceiling" constraining the expansion of AI computing capacity in the United States. Against the backdrop of an imbalance between power supply and demand, accelerating grid infrastructure development has emerged as a global consensus, with China, the United States, and South Korea each introducing respective measures.
Weekend Reading | Berkshire Hathaway CEO Greg Abel’s Latest Interview: First Detailed Account of the $10 Billion Increase in Google Stake, Responses to Soaring Japanese Government Bond Yields, and Investments in the Five Major Trading Houses
The discussion also covered the strategic partnership between Berkshire and Tokio Marine, growth opportunities in data centers, and other topics.
Musk Warns of AI Power Shortfall! Global Surge in Grid Construction Sparks Investment Opportunities in Computing-Power Synergy
The rapid development of AI is driving unprecedented electricity demand, making the urgent expansion and upgrading of global power grids imperative.
Gene Munster Predicts Tesla Will Add 300 Cybercabs in Austin in a Month, Says Elon Musk's Accident Fears 'Appear to Be Coming to an End'
On Friday, Gene Munster, prominent tech analyst and co-founder at Deepwater Asset Management, said Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's caution over robotaxi accident risk appears "to be coming
Timeline for "largest IPO in history" changes; Anthropic reportedly to start roadshow as early as mid-October
Anthropic is expected to begin marketing its initial public offering (IPO) as early as mid-October, with the listing scheduled to be completed a few days before the U.S. midterm elections in November.
Express News | According to reports, Anthropic is expected to file its IPO prospectus in late September and could begin its IPO roadshow as early as mid-October.
Non-farm payrolls data rattled the broader U.S. stock market, yet AI hardware stocks surged against the trend. The semiconductor index rose more than 3%, with SanDisk jumping 12%.
The prospect of Federal Reserve rate hikes has weighed on overall valuations and certain software growth stocks, while the industrial logic underpinning demand for AI computing power, storage, and data center interconnectivity remains intact despite interest rate expectations. SK Hynix, a memory chip manufacturer, closed up more than 8%, and Coherent, an optical communications company, rose 6.6%. Market participants noted that the strong performance of chip stocks on Friday had "nothing to do" with the non-farm payrolls data, but was instead driven primarily by the ongoing sector rotation between semiconductors and software.
U.S. Stock Market Close | Non-farm payrolls weigh on indices; Philadelphia Semiconductor Index rises 3% against the trend; AI trades become a safe haven for capital, with SanDisk surging 12%, Micron Technology up over 6%, and Bloom Energy up over 7%; Gold
The three major indices ended their two-day winning streak. The S&P 500 fell 0.38%, and the Dow Jones Industrial Average dropped 0.51%. The Philadelphia Semiconductor Index rose 3.37%, with none of its 30 component stocks declining. Marvell Technology, an optical communications stock, surged 7.05%, while Corning gained 5.67%. Memory chip maker SanDisk jumped 11.90%. WTI crude oil dipped to $88.72 per barrel during intraday trading, marking a decline of over 2.5% for the day, before recovering nearly all of its losses. The yield on the 2-year Treasury note rose by 3.4 basis points, reaching an intraday high of 4.416%, the highest level since January 2025.
S&P Global Ratings has rarely sounded the alarm on credit risks in AI infrastructure: as a $7 trillion capital expenditure black hole looms, the debt sustainability of tech giants is being called into question.
S&P Global Ratings has issued a systemic warning to AI cloud giants: capital expenditures by the six major cloud providers could exceed $7 trillion by 2030, yet none have disclosed quantified returns on AI investment. The report highlights that Amazon faces the risk of losing its AA rating, while a downgrade for Oracle would push it directly into junk status.
If You Invested $1000 In Apple Stock 10 Years Ago, You Would Have This Much Today
Apple (NASDAQ:AAPL) has outperformed the market over the past 10 years by 14.92% on an annualized basis producing an average annual return of 28.35%. Currently, Apple has a market capitalization of $4
The U.S. August employment report exceeded expectations, strengthening speculation of a rate hike at the September FOMC meeting and driving a rebound in the dollar to 156.75 yen/$1.1585.
[London Market Overview] In the London foreign exchange market on the 4th, the USD/JPY pair retreated. The intraday momentum reversed the previous days’ USD-selling and JPY-buying trends, pushing the rate temporarily as high as 156.58 yen. However, due to a lack of fresh catalysts, the pair gave back some of its gains and slowed to 156.28 yen. The EUR/USD fell from $1.1625 to $1.1617 amid dollar buy-backs but subsequently resisted further declines. The EUR/JPY followed the USD/JPY, rising from 181.59 yen to 181.95 yen before trimming those gains.
U.S. stocks retreated as concerns over interest rate hikes resurfaced.
U.S. stocks reversed earlier gains to close lower. The Dow Jones Industrial Average fell $271.86 to 53,414.25, while the Nasdaq Composite dropped 77.07 points to 26,506.99. Markets traded mixed after the open amid concerns that rising crude oil prices and strong employment data would push interest rates higher again. Sentiment deteriorated as expectations for a September rate hike intensified, triggering selling pressure. Stocks remained weak throughout the session. By sector, semiconductors and semiconductor manufacturing equipment rose, while software & services and automotive & auto parts declined.
Sandisk Leads Nasdaq's Weekly Gainers; Autodesk Drags
If You Invested $1000 In Broadcom Stock 15 Years Ago, You Would Have This Much Today
Broadcom (NASDAQ:AVGO) has outperformed the market over the past 15 years by 23.1% on an annualized basis producing an average annual return of 36.5%. Currently, Broadcom has a market capitalization
'Anthropic Close To Awarding Morgan Stanley And Goldman Sachs Top Roles In $2T IPO; Morgan Stanley In Pole Position To Secure "Lead Left" Role In Anthropic IPO' - Financial Times
'Anthropic Close To Awarding Morgan Stanley And Goldman Sachs Top Roles In $2T IPO; Morgan Stanley In Pole Position To Secure "Lead Left" Role In Anthropic IPO' - Financial
Congressman Sells Apple Two Weeks Before CEO Change, Buys Another Magnificent Seven Stock
A member of Congress may have Magnificent Seven stocks on the mind, with a recent disclosure showing the sale of one and the purchase of another. Here's a look at the moves.Congressman Swaps
Deal Dispatch: Nvidia Buys Hugging Face for $12.9 Billion, Barilla Acquires Goodles, Park Place Partners Bankruptcy
New On The BlockCalifornia utility company PG&E Corp. (NYSE:PCG) has launched a review of strategic alternatives, Reuters reported. The company said its board will evaluate regulatory, financial,
Tesla Stock Down 29% From All-Time Highs, Analyst Sees 93% More Downside — 'Sell the News'
Tesla Inc (NASDAQ:TSLA) bear Gordon Johnson authored a new analyst note addressing the company's Cybercab event on Thursday, arguing that investors should be disappointed. Here's why.The Tesla
HP Unveils New RTX Spark-Powered OmniBook AI PCs
Empowers AI builders, creators, gamers, and developers with HP's newest OmniBook PCs powered by NVIDIA RTX SparkAccelerates intelligent workflows with personal agents, local AI experiences and
'AI Cloud Firm Nscale Seeking $3.5 Billion In Pre-IPO Financing' - Bloomberg News
'AI Cloud Firm Nscale Seeking $3.5 Billion In Pre-IPO Financing' - Bloomberg