6h ago
Micron’s third-quarter earnings seen as key test of AI memory demand, with $1,500 targets in focus
Micron is set to report fiscal third-quarter results, which investors are treating as a key test of the strength of AI-driven demand for memory. Analysts have broadly lifted their price targets to $1,500 while keeping Buy ratings, and the company has beaten EPS expectations for nine consecutive quarters. The report cites Futurum and BofA Securities in arguing that massive AI infrastructure capital spending could underpin long-term demand for high-end memory and shift how the market views memory—from a cyclical commodity to a strategic asset.
6h ago
6h ago
Cboe rolls out Mini-S&P 500 binary options under Cboe Predicts as CFTC sues Kentucky over Kalshi and Polymarket
Cboe Global Markets launched its prediction-markets suite on June 23, listing binary option contracts on the Mini-S&P 500 Index as XSPBW and XSPBX. The contracts went live on Interactive Brokers Tuesday and are expected to expand to Charles Schwab in the coming months. Economically, the XSP contracts resemble the event-style contracts offered by Kalshi and Polymarket.
BTC
BTC-0.24%
6h ago
7h ago
Alphabet to join the Dow before trading starts on June 29 as Verizon is removed
Alphabet (GOOGL, GOOG), Google’s parent company, is set to enter the Dow Jones Industrial Average before trading starts on June 29, replacing Verizon (VZ). S&P Dow Jones Indices, owned by S&P Global (SPGI), oversees the index and made the change. The move reflects the Dow’s push for greater exposure to areas such as AI, cloud computing and digital advertising where investors have been concentrating their bets.
BTC
BTC-0.24%
7h ago
8h ago
Indian stocks climb 0.6% as Brent slips 0.8% and bank shares advance
Brent crude futures fell 0.8% as markets anticipated oil tankers stranded since the start of the Iran war would move out of the Strait of Hormuz, easing near-term supply pressure. As the world’s third-largest oil importer, India stands to benefit from cheaper crude through lower import costs and a softer inflation outlook. The report also notes the Reserve Bank of India governor’s view that it is premature to discuss rate hikes and a rise in bank shares, but the key tradable catalyst is the shift in oil-supply expectations.
8h ago