CognitMarket market news, portfolio research, and investor insights

In this article

Data center stocks are being squeezed on Tuesday following a lackluster initial public offering overnight from a South Korean cloud company that has been compared to U.S. neocloud CoreWeave.

Shares of Elice dropped 30% during their market debut overnight, as investors grow increasingly wary of artificial intelligence-dedicated computing power providers amid concerns about overcapacity.

The bearish sentiment spilled into U.S. tech equities before some names clambered back into

Investing.com -- Global equities face rising odds of both a correlated rally and a correlated selloff over the next two weeks, UBS strategists say, with earnings season, the Fed meeting and the U.S. midterms determining which path markets take into 2027.

Strategists led by Keith Parker said market internals showed "accelerated de-risking" last week, with defensives outperforming cyclicals, high quality outperforming low quality, and Europe outperforming the U.S. The bank’s AI 100 basket fell 5%

Investing.com - Investors are buying credit default swaps to protect portfolios against potential losses from AI-related debt, driving trading volumes higher for the derivatives that gained prominence during the global financial crisis. More than $9 billion worth of CDS linked to bonds issued by Oracle (NYSE: ORCL), SpaceX, Alphabet (NASDAQ: GOOGL), Amazon (NASDAQ: AMZN), Meta (NASDAQ: META), Broadcom (NASDAQ: AVGO) and Nvidia (NASDAQ: NVDA) was traded on average each week in September, up from

In this article

AI is a transformational technology worth investing in — but investors must be selective when investing in data centers, according to the head of one of the world’s biggest banks.

Speaking to CNBC’s Dan Murphy on Tuesday, HSBC CEO Georges Elhedery called artificial intelligence “a major enabler to re-engineer and reimagine all our businesses, all our activities.”

“It’s going to put a lot of power back in the hands of our colleagues because of the level of productivity it gives

In this article

Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.

The tech trade staged a comeback as investors pile into the sector in the U.S., but the same sentiment did not cross the Pacific.However, public listings are very much on the table in Asia, with firms jostling for a piece of India’s Jio IPO and venture capitalist Jenny Lee saying that startup

Investing.com -- European chip stocks opened lower Tuesday, tracking steep losses among Asian peers amid renewed concerns over the sustainability of the global AI investment boom.

Technoprobe, Siltronic and Soitec each fell more than 4%, while ASM International, BE Semiconductor, Aixtron, STMicroelectronics and Infineon all dropped more than 3% by 07:34 GMT.

The declines followed a sharp selloff in South Korean memory giants Samsung Electronics and SK Hynix, which closed 3% and 4.2% lower, res

In this article

Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.

After a bruising week for the tech trade, investors seem to have came back into the sector, with the Nasdaq Composite rallying overnight.

The optimism is cautious, with debt concerns still a key worry for a sector that has seen record bond issuance this year.

Investors are once again piling

CNBC’s Jim Cramer said he’s not in a hurry to rush back into artificial intelligence stocks, despite Monday’s rebound in the battered technology sector.

“Even after today’s bounce, I think it’s too soon to say the coast is clear and it’s safe to dive back into the hardest hit AI data center stocks,” the “Mad Money” host said, explaining the group faces technical and fundamental headwinds that cannot be ignored.

The Nasdaq Composite rose about 1.1% Monday as investors returned to tech stocks fo

Oct 19 (Reuters) - Former Google CEO Eric Schmidt owns about 1% of Anthropic, positioning him for one of the largest individual windfalls when the AI startup goes public, Bloomberg News reported on Monday.

• Schmidt invested tens of millions of dollars in Anthropic’s Series A funding round, the report said, citing people familiar with the matter. It was unclear whether he has sold any of his stake since.

• Anthropic and Schmidt’s representatives did not immediately respond to Reuters’ requests

By Marc Jones

LONDON, Oct 19 (Reuters) - S&P Global estimates the world’s biggest tech firms are likely to have more AI-linked liabilities than currently known, although its top analyst for the sector sees no need to change any ratings at present.

Debt issued by AI infrastructure providers and so-called ’neocloud’ firms such as Nvidia-backed CoreWeave has sunk to increasingly stressed levels in recent weeks amid concerns about the aggressive scale of their borrowing.

S&P’s Global Head for Dig

Investing.com - StoneX reiterated a Buy rating and $57.00 price target on Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) shares.

Galaxy Digital shares fell approximately 30% over a two-week period, according to StoneX analyst Mark Palmer. The decline extended last week, with the stock dropping 24.5% over the past week and now trading at its 52-week low of $16.76.

The selloff was driven by concerns about the creditworthiness of CoreWeave, the neocloud company that is Galaxy Digital’s first and only

Investing.com -- Nscale is in talks to secure a computing deal worth about $45 billion with Anthropic, Bloomberg News reported, potentially bolstering the Nvidia-backed data center developer’s bid for a roughly $30 billion valuation in its planned initial public offering.

The proposed agreement would cover a second building at Nscale’s Monarch data center campus in West Virginia, delivering 460 megawatts of computing capacity powered by Nvidia’s next-generation Vera Rubin AI chips, according to

Investing.com -- Shares of Disc Medicine, Inc. (NASDAQ: IRON) jumped 60% after the company announced overwhelmingly positive topline results from its Phase 3 APOLLO trial. The trial evaluated bitopertin, an investigational treatment for adults and adolescents with erythropoietic protoporphyria (EPP).

The randomized, double-blind trial of 183 global patients met every primary and secondary endpoint, demonstrating statistically significant improvements across all study measures compared to a plac

Investing.com -- Veradermics Inc (NYSE: MANE) shares rose 6.7% in premarket trading Monday after the company announced its oral hair loss drug VDPHL01 met all primary and secondary endpoints in a Phase 3 clinical trial.

The registration-directed Phase 3 trial, Study '304', enrolled 536 male participants with mild-to-moderate pattern hair loss who received either VDPHL01 8.5mg once daily, VDPHL01 8.5mg twice daily, or placebo. VDPHL01 demonstrated increases in target area hair count of 28.6 hair

Investing.com - Jefferies downgraded EyePoint Inc. (NASDAQ:EYPT) to Hold from Buy and cut its price target to $1.00 from $8.00 on Monday. The stock plummeted to $0.45, down 86% from its previous close of $3.14, with shares now trading near their 52-week low and down 84% year-to-date.

The downgrade follows the company’s Phase 3 LUCIA study of Duravyu in wet age-related macular degeneration missing its primary endpoint of best corrected visual acuity non-inferiority to aflibercept. This marks the

In this article

Social unrest, political instability and mounting national debt weighed on French assets early on Monday, with government bonds and Paris-listed stocks under pressure.

The euro was last seen down 0.15% against the U.S. dollar, and was 0.13% lower against the British pound.

The French 10-year bond yield jumped 7 basis points, remaining near its highest level in decades despite some recent easing. Higher yields represent higher borrowing costs for the government in the debt mark

By Danilo Masoni and Wayne Cole

MILAN/SYDNEY, Oct 19 (Reuters) - European stocks and the euro fell on Monday as unrest in France added to concerns about the country’s fiscal outlook, while Wall Street futures rebounded from last week’s tech-led selloff ahead of a big week of earnings from AI heavyweights.

Europe’s STOXX 600 fell 0.7% by 0837 GMT, while the French blue-chip CAC 40 index dropped over 1% as protests highlighted the government’s struggle to rein in its large budget deficit.

The e