GameStop Stock Surges After Roaring Kitty's Social Media Return
GameStop shares jumped up to 14% following Keith 'Roaring Kitty' Gill's cryptic post on X, triggering massive options trading activity. The influential retail trading figure's unexpected return has energized meme stock investors, with short interest remaining high at 20%.
US Stock Market Value Hits Historic 200% of GDP, Signaling Tech Dominance
The US stock market's total value has surpassed 200% of GDP for the first time, reaching $60 trillion versus $29.354 trillion in GDP. This milestone highlights American tech giants' global dominance, with just three companies - Nvidia, Apple, and Microsoft - exceeding $10 trillion in combined market value.
TSMC Secures $6.6B Federal Grant to Boost U.S. Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company receives major federal funding to build three advanced chip facilities in Arizona, marking a strategic move to strengthen domestic semiconductor production. The $6.6B grant supports TSMC's $65B investment plan and aims to create thousands of high-tech jobs while reducing U.S. dependence on overseas chip manufacturing.
Johnson & Johnson Stock Dips Following Mixed Q1 Results and Revised 2024 Outlook
Healthcare giant Johnson & Johnson experienced a 2% stock decline after reporting mixed Q1 2024 results, with revenue beating expectations but earnings falling short. The company narrowed its full-year guidance amid market uncertainties while maintaining its status as a dividend aristocrat.