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The moment of truth is just about here. The Strait of Hormuz has reopened, for now, and Middle Eastern countries that shut off their oil wells during the war (the term is actually “shut in”) are about to turn those valves back the other way and find out what they’ve got. It could be a…

The AI memory scare ran straight into Micron’s profit machine Wednesday. Micron (MU) and SK Hynix (000660.KS) had been two of the cleanest ways to trade the AI memory boom this year, both crushing the broader chip index before this week’s sell-off. But on Tuesday, the Philadelphia Semiconductor Index (^SOX) had its second-worst day of…

Cristiano Amon, president and CEO of Qualcomm, speaks before a Siemens keynote at CES 2026, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2026. Steve Marcus | Reuters Qualcomm on Wednesday revealed a central processing unit for data centers called Dragonfly C1000, and said that Meta would use it when…

The AI supercycle and earnings revisions are expected to send the S&P 500 (^GSPC) higher this year, but the path to getting there won’t be a straight line, JPMorgan strategists said. The firm’s mid-year global research outlook report, released on Wednesday, notes that with the United States and Iran working toward a peace deal, “we…

Cerebras Systems CEO Andrew Feldman said Wednesday that investors “misunderstood” the artificial intelligence chipmaker’s margin guidance, as shares slid 17% after the company reported results for the first time since going public. Analysts at Mizuho and Wedbush raised their estimates following Cerebras’ earnings call. But the company forecast a narrower gross margin in its core…

Wendy’s stock (WEN) surged by about 30% on Wednesday as retail investors rallied around the fast food chain. In a viral thread on r/WallStreetBets, Reddit users cited Wendy’s new management, the closure of select stores, China expansion plans, and a potential buyout from billionaire investor Nelson Peltz’s firm, Trian Fund Management, as potential catalysts for…

PJ Santos, Hewitt on board for 151-unit development planned near ferry dock. The effort is to include some 2,100 square feet of retail, in a corner bay. A downtown property in Bremerton, owned by industry veteran Ron Sher, appears poised for redevelopment. The city noted the completed SEPA application this month for a seven-story, 151-apartment…