Investing.com -- Bank of America said Germany’s long-awaited fiscal stimulus is beginning to support growth, but warned that the recent rally in European equities may already reflect much of the upside and could set markets up for disappointment.
IREN (NasdaqGS:IREN) is set to be added to the MSCI USA Index, a move that can increase its visibility with large institutional investors. The company has shifted its core focus from bitcoin mining to AI infrastructure, supported by new data center projects. IREN recently signed a $9.7b contract with Microsoft, anchoring its push into long term AI infrastructure services. IREN comes into this news with a share price of $42.22 and very large 1 year gains, alongside a 7x return over 3 years...
Key data releases focused on the US and UK economies kept traders on their toes this week
Prominent investor Chamath Palihapitiya, known as the “SPAC King,” took to X (formerly Twitter) on Thursday to highlight Microsoft Corp.’s (NASDAQ:MSFT) underperformance relative to other major technology companies since the launch of ChatGPT. Microsoft Trails Tech Peers Since ChatGPT Debut “Microsoft has been the worst-performing stock of the hyperscalers since the November 30, 2022, launch of ChatGPT and has significantly underperformed the Nasdaq during that period,” Palihapitiya wrote. He ad