Only professional and institutional investors will have access to the ETPs, as retail customers are prohibited from trading crypto derivatives.
In response to the hype, opportunistic crypto developers created numerous meme coins on different blockchains alongside common stocks.
On Friday, Snap stock surged by almost 30% in trading following the Snapchat parent company's report of first-quarter earnings that exceeded expectations by a significant margin. With revenue growth of 21%, one analyst described it as a notable resurgence for the social media enterprise.
Alphabet, the parent company of Google, rebounded from a challenging day for tech stocks with a surge in its stock price after Thursday's closing bell. This turnaround was achieved by distributing billions of dollars to investors.
Shares of Alphabet surged over 7% on Monday morning after news surfaced about potential licensing discussions between tech titan Apple and Gemini for upcoming iPhone models. Concurrently, Apple's stocks experienced a rise of over 2%.
On Friday morning, Adobe's shares experienced a 13% decline following the company's announcement of first-quarter results surpassing expectations, yet coupled with a modest quarterly revenue forecast.
Given recent criticisms of Meta's involvement in societal issues, investors should anticipate Meta Platforms outpacing Amazon in capturing the majority of Generative AI's profit potential
Microsoft (MSFT.O) is anticipated to announce a 15.8% increase in quarterly revenue, marking its strongest growth in almost two years. This surge is attributed to the growing adoption of its products integrated with generative AI, which is driving demand for its cloud services.
Meta on Wednesday reported its second-quarter revenue decline since its IPO and warned it was making “substantial changes” to cut...