Sep 30, 2023 | Weekly Cache
While Nasdaq closed last week up fractionally higher, September was its worst month in the year, as the index was down nearly 6%. Dow Jones fell 1.2% and S&P 500 lost 0.4% last week. OpenAI is seeking a new valuation of between US$80 billion to US$90 billion,...
Sep 15, 2023 | Weekly Cache
The share price Arm Holdings ended Thursday at US$63.59, up nearly 25% above the initial public offering price, a strong early sign for the tech listing market overall. Instacart is targeting a valuation of roughly US$8.6 billion to US$9.3 billion in its imminent IPO,...
Sep 9, 2023 | Weekly Cache
Last week was tough in the markets, as Dow Jones fell 0.75%, S&P 500 lost 1.35, and Nasdaq was down 1.9% — these major indices fell below their 50 day moving averages. China has banned iPhone use for government officials at work. China Mobile reportedly...
Sep 2, 2023 | Weekly Cache
Growth stocks performed well last week, Nasdaq was up 3.25%, S&P 500 rose 2.5%, and Dow Jones gained 1.4%. Arm will start conversations with potential IPO investors with a US$50 billion to US$55 billion valuation in mind, for at least a 56% increase from the price...
Aug 26, 2023 | Weekly Cache
Last week, markets were mixed, Dow Jones fell 0.45%, S&P 500 was up 0.8%, and Nasdaq rose 2.3%, after ending three-week losing streaks. Major indexes did see reversals on Thursday despite blowout Nvidia results, and stocks rebounded on Friday despite hawkish...
Aug 19, 2023 | Weekly Cache
Last week was another tough week for investors, Dow Jones fell 2.2%, S&P 500 lost 2.1%, and Nasdaq fell 2.6%. SoftBank is in talks to acquire the 25% stake in Arm it does not directly own. Arm’s revenue fell 1% to US$2.68 billion in its last fiscal year, Bloomberg...
