Serve Robotics was founded in 2017 and develops and operates self-driving delivery vehicles focused on last-mile deliveries.
Small-caps typically underperform in the 150 days before and after the first rate cut, Barclays reported.
UBS initially had a year-end price target of 4,850. The bank raised it to 5,150 in January, to 5,400 in February, and to 5,600 in May.
Mark Spitznagel said in an interview with the WSJ that the government's $34 trillion debt will make the current stock market bubble's impact more extreme.
The global IT tech outage comes amid an ongoing sell-off in the Nasdaq 100, which is down 3% so far this week.
A pullback from mega-cap tech stocks broadened out into a larger market rout on Thursday.
"Previous episodes when federal interest payments (as a proportion of total outlays) reached similar levels as today were followed by fiscal consolidation."
"This is all a game of high stakes poker for the Trump campaign," Wedbush analyst Dan Ives said of recent comments about Taiwan.
Wedbush analyst Dan Ives expects Palantir to continue to capitalize on the AI boom as it demonstrates use cases with governments and businesses.
"We reiterate our Buy rating on NVDA as the meeting reinforced our belief in the sustainability of the ongoing Gen AI spending cycle," Goldman said.
The tech sector is showing a number of signs that valuations are an overstretched "timebomb," according to SocGen.
Chip stocks including TSMC, Nvidia, and AMD were up Wednesday after TSMC reported strong quarterly earnings.
Jobless claims came in higher than anticipated, bolstering hopes that the Federal Reserve can cut interest rates soon.
"We are not convinced" of a rotation from large-cap stocks to small-cap stocks, Capital Economics said.
The Whaley Breadth Thrust indicator has a 100% success rate and has delivered an average one-year return of 23% for the S&P 500.
Chipmakers including Nvidia, TSMC and ASML were down on Wednesday as the Biden administration reportedly considers tighter China trade restrictions.
The Biden administration is considering the strictest trade restrictions on foreign companies that sell chip technologies to China.
Rising confidence in the Fed's ability to cut rates soon is pushing investors into overlooked corners of the stock market.
Gold climbed past its all-time record, reaching over $2,465 on Tuesday. Investors are buying the metal amid hopes that the Fed cuts rates soon.
"Never forget, the lifeblood of a bull market is rotation and we see that happening the remainder of this year," Carson Group's Ryan Detrick said.