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Shares of Dell Technologies jumped 17.5% on Friday after the company forecast revenue from its AI server business will double in fiscal 2027, underscoring surging demand for infrastructure catering to artificial intelligence.
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News and Media
Shares of CoreWeave slumped around 15% on Friday, after the company's plans to double capital expenditure this year stoked investor concerns about margin pressure and effective returns from its artificial intelligence push.
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News and Media
Block shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its workforce as part of an overhaul to embed artificial intelligence tools across its operations.
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Indian stock markets faced a turbulent week. The Nifty index dropped below 25,300, a key support level. Bank Nifty also weakened, adding to market concerns. Experts suggest this indicates a potential for further declines in the short term. Investors are advised to be cautious and selective in their approach.
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India is experiencing robust economic growth alongside subdued inflation, a rare "goldilocks" scenario. Nomura's Aurodeep Nandi highlights easing headwinds, supportive policy, and stable core inflation, projecting continued expansion. While rate cuts are unlikely, the RBI retains flexibility, and the rupee faces moderate volatility.
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News and Media
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