Qualcomm shares rise 20% on launch of new AI chip

Shares of US chipmaker Qualcomm soared on Monday after the company unveiled two new artificial intelligence processors designed for data centers, marking a big boost in a market dominated by rivals Nvidia and AMD. Qualcomm said the AI200 and AI250 chips are optimized for AI inference – the process of running already trained AI models […]

Gold falls below $4,000 an ounce as US-China trade progress cools demand for safe havens

Gold prices fell below $4,000 an ounce on Monday as signs of a thaw in trade tensions between the US and China somewhat reduced the bullion’s appeal as market participants awaited the Federal Reserve’s interest rate decision this week. Gold fell 2.9% to $3,990.89 an ounce at 10:51 a.m. ET (1413 GMT). US gold futures […]

Berkshire downgraded to ‘underperform’ by KBW, citing Geico, tariffs and Warren Buffett’s departure

Berkshire Hathaway has been downgraded to “underperform” by Keefe, Bruyette & Woods, which said lower auto insurance margins, rates, falling interest rates, smaller tax breaks for clean energy and the departure of Warren Buffett will weigh on its stock price. KBW analyst Meyer Shields, who had rated Berkshire a “market perform,” also cut his price […]

Ahead of Market: 10 Things That Will Determine Stock Market Action on Tuesday

The Indian market ended higher on Monday, with the Sensex and Nifty snapping a six-day winning streak as investors locked in their gains after benchmarks hovered around record highs. The pause followed a rally fueled by optimism about easing global trade tensions and expectations of a recovery in corporate profits. The S&P BSE Sensex fell […]

Handily almost 26,000: time to chase or wait? Kranthi Bathini explains

Indian markets are supported by strong domestic liquidity, even as global uncertainties weigh on sentiment. While foreign investors have turned cautious, steady buying by local investors and hopes of an India-US trade deal are keeping the indices floating near record highs. ET Markets spoke to Kranthi Bathini, equity strategist at WealthMills Securities, to understand what […]

Copper hits 17-month high on optimism over US-China trade deal

Copper prices hit their highest level in 17 months on Monday as signs of easing trade tensions between the world’s two largest economies – China and the US – showed and hopes of stronger growth and demand boosted buying. Benchmark copper on the London Metal Exchange traded 0.4% higher at $11,011 per tonne in official […]

US stocks are soaring to record highs on hopes of a US-China trade deal

Wall Street’s major indexes hit record highs on Monday as expectations of a US-China trade deal fueled risk-taking at the start of a week dominated by Big Tech gains and a likely Federal Reserve rate cut. US President Donald Trump and China’s Xi Jinping will meet on Thursday to decide the framework for a deal […]

Strong order booking, project increases to maintain Coforge’s turnover

Shares of Coforge rose 4% on Monday morning following the mid-sized IT exporter’s stellar performance in the September quarter. The company reported strong sequential and year-on-year growth in sales and profits, accompanied by improved profitability. It also supported momentum in winning new deals. Against this backdrop, analysts have increased their 12-month price targets by an […]