Close Menu
  • Home
  • AI Models
    • DeepSeek
    • xAI
    • OpenAI
    • Meta AI Llama
    • Google DeepMind
    • Amazon AWS AI
    • Microsoft AI
    • Anthropic (Claude)
    • NVIDIA AI
    • IBM WatsonX Granite 3.1
    • Adobe Sensi
    • Hugging Face
    • Alibaba Cloud (Qwen)
    • Baidu (ERNIE)
    • C3 AI
    • DataRobot
    • Mistral AI
    • Moonshot AI (Kimi)
    • Google Gemma
    • xAI
    • Stability AI
    • H20.ai
  • AI Research
    • Allen Institue for AI
    • arXiv AI
    • Berkeley AI Research
    • CMU AI
    • Google Research
    • Microsoft Research
    • Meta AI Research
    • OpenAI Research
    • Stanford HAI
    • MIT CSAIL
    • Harvard AI
  • AI Funding & Startups
    • AI Funding Database
    • CBInsights AI
    • Crunchbase AI
    • Data Robot Blog
    • TechCrunch AI
    • VentureBeat AI
    • The Information AI
    • Sifted AI
    • WIRED AI
    • Fortune AI
    • PitchBook
    • TechRepublic
    • SiliconANGLE – Big Data
    • MIT News
    • Data Robot Blog
  • Expert Insights & Videos
    • Google DeepMind
    • Lex Fridman
    • Matt Wolfe AI
    • Yannic Kilcher
    • Two Minute Papers
    • AI Explained
    • TheAIEdge
    • Matt Wolfe AI
    • The TechLead
    • Andrew Ng
    • OpenAI
  • Expert Blogs
    • François Chollet
    • Gary Marcus
    • IBM
    • Jack Clark
    • Jeremy Howard
    • Melanie Mitchell
    • Andrew Ng
    • Andrej Karpathy
    • Sebastian Ruder
    • Rachel Thomas
    • IBM
  • AI Policy & Ethics
    • ACLU AI
    • AI Now Institute
    • Center for AI Safety
    • EFF AI
    • European Commission AI
    • Partnership on AI
    • Stanford HAI Policy
    • Mozilla Foundation AI
    • Future of Life Institute
    • Center for AI Safety
    • World Economic Forum AI
  • AI Tools & Product Releases
    • AI Assistants
    • AI for Recruitment
    • AI Search
    • Coding Assistants
    • Customer Service AI
    • Image Generation
    • Video Generation
    • Writing Tools
    • AI for Recruitment
    • Voice/Audio Generation
  • Industry Applications
    • Finance AI
    • Healthcare AI
    • Legal AI
    • Manufacturing AI
    • Media & Entertainment
    • Transportation AI
    • Education AI
    • Retail AI
    • Agriculture AI
    • Energy AI
  • AI Art & Entertainment
    • AI Art News Blog
    • Artvy Blog » AI Art Blog
    • Weird Wonderful AI Art Blog
    • The Chainsaw » AI Art
    • Artvy Blog » AI Art Blog
What's Hot

OpenAI’s Red Team plan: Make ChatGPT Agent an AI fortress

Benchmark in talks to lead Series A for Greptile, valuing AI-code reviewer at $180M, sources say

Manage multi-tenant Amazon Bedrock costs using application inference profiles

Facebook X (Twitter) Instagram
Advanced AI News
  • Home
  • AI Models
    • OpenAI (GPT-4 / GPT-4o)
    • Anthropic (Claude 3)
    • Google DeepMind (Gemini)
    • Meta (LLaMA)
    • Cohere (Command R)
    • Amazon (Titan)
    • IBM (Watsonx)
    • Inflection AI (Pi)
  • AI Research
    • Allen Institue for AI
    • arXiv AI
    • Berkeley AI Research
    • CMU AI
    • Google Research
    • Meta AI Research
    • Microsoft Research
    • OpenAI Research
    • Stanford HAI
    • MIT CSAIL
    • Harvard AI
  • AI Funding
    • AI Funding Database
    • CBInsights AI
    • Crunchbase AI
    • Data Robot Blog
    • TechCrunch AI
    • VentureBeat AI
    • The Information AI
    • Sifted AI
    • WIRED AI
    • Fortune AI
    • PitchBook
    • TechRepublic
    • SiliconANGLE – Big Data
    • MIT News
    • Data Robot Blog
  • AI Experts
    • Google DeepMind
    • Lex Fridman
    • Meta AI Llama
    • Yannic Kilcher
    • Two Minute Papers
    • AI Explained
    • TheAIEdge
    • The TechLead
    • Matt Wolfe AI
    • Andrew Ng
    • OpenAI
    • Expert Blogs
      • François Chollet
      • Gary Marcus
      • IBM
      • Jack Clark
      • Jeremy Howard
      • Melanie Mitchell
      • Andrew Ng
      • Andrej Karpathy
      • Sebastian Ruder
      • Rachel Thomas
      • IBM
  • AI Tools
    • AI Assistants
    • AI for Recruitment
    • AI Search
    • Coding Assistants
    • Customer Service AI
  • AI Policy
    • ACLU AI
    • AI Now Institute
    • Center for AI Safety
  • Industry AI
    • Finance AI
    • Healthcare AI
    • Education AI
    • Energy AI
    • Legal AI
LinkedIn Instagram YouTube Threads X (Twitter)
Advanced AI News
Energy AI

Block shares soar 10% on entry into S&P 500

By Advanced AI EditorJuly 18, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.

Eva Marie Uzcategui | Bloomberg | Getty Images

Block shares jumped more than 10% in extended trading on Friday, as the fintech company gets set to join the S&P 500, replacing Hess.

It’s the second change to the benchmark this week, after S&P Global announced on Monday that ad-tech firm The Trade Desk would be added to the S&P 500. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in a deal that closed Thursday.

Hess’ departure comes just after Chevron completed its $54 billion purchase of the oil producer, prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana.

Block will officially join the S&P 500 before the opening of trading on July 23, according to a statement from S&P. Stocks often rally when they’re added to a major index, as fund managers need to rebalance their portfolios to reflect the changes.

Most alterations to the S&P 500 take place during the index’s quarterly rebalancing. However, in the case of the closing of an acquisition, a company can be removed from the index and replaced off schedule. Last week monitoring software company Datadog took Juniper Networks’ place in the S&P 500 as part of the index’s quarterly change. 

Block’s addition brings further tech heft to an index that’s been steadily moving in that direction in recent years, reflecting the market cap gains of companies across the sector. Block, which gained popularity as Square due to the rapid growth of the company’s payment terminals, has expanded into crypto, lending and other financial services.

Founded by Jack Dorsey in 2009, Square changed its name to Block in 2021 to emphasize its focus on blockchain technologies.

Block shares are down 14% this year, underperforming the broader U.S. market. The Nasdaq is up more than 8%, while the S&P 500 has gained 7%. Still, with a market cap of about $45 billion, Block is valued well above the median company in the index.

In May, Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook, leading to a plunge in the stock price. Block’s forecast for the second quarter and full year reflected challenging economic conditions that followed sweeping tariff announcements by President Donald Trump.

“We recognize we are operating in a more dynamic macro environment, so we have reflected a more cautious stance on the macro outlook into our guidance for the rest of the year,” the company wrote in its quarterly report.

The company is scheduled to report second-quarter results after the close of regular trading on Aug. 7.

WATCH: The rise of Bluesky

The rise of Bluesky



Source link

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
Previous ArticleSam Gilliam Foundation, David Kordansky Sued Over ‘Disavowed’ Painting
Next Article 4 human financial services activities that AI can’t do
Advanced AI Editor
  • Website

Related Posts

Chevron completes Hess acquisition after defeating Exxon in dispute over Guyana oil assets

July 18, 2025

EU lowers price cap for Russian crude under new sanctions package

July 18, 2025

Trump targets solar, wind with tighter permitting in another blow to renewables

July 17, 2025

Comments are closed.

Latest Posts

Sam Gilliam Foundation, David Kordansky Sued Over ‘Disavowed’ Painting

Painter Says DHS Stole His Work for Post About ‘Homeland’s Heritage’

Planned Art Park in Tasmania May Be Scrapped—and More Art News

The Art Show 2025 Canceled by ADAA in “Strategic Pause”

Latest Posts

OpenAI’s Red Team plan: Make ChatGPT Agent an AI fortress

July 19, 2025

Benchmark in talks to lead Series A for Greptile, valuing AI-code reviewer at $180M, sources say

July 19, 2025

Manage multi-tenant Amazon Bedrock costs using application inference profiles

July 18, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • OpenAI’s Red Team plan: Make ChatGPT Agent an AI fortress
  • Benchmark in talks to lead Series A for Greptile, valuing AI-code reviewer at $180M, sources say
  • Manage multi-tenant Amazon Bedrock costs using application inference profiles
  • This Is How OpenAI COO Brad Lightcap Defines AI Agents
  • OpenAI unveils advanced ChatGPT agent for seamless task automation

Recent Comments

  1. Bonus de parrainage Binance on University of Tokyo to upgrade its IBM quantum computer with 156-qubit Heron QPU
  2. binance on Is C3.ai a Phenomenal Under-the-Radar AI Stock?
  3. melhor código de indicac~ao binance on Google DeepMind develops AlphaEvolve AI agent optimized for coding and math
  4. aviator official website on Former Tesla AI czar Andrej Karpathy coins ‘vibe coding’: Here’s what it means
  5. BitStarz on Former Tesla AI czar Andrej Karpathy coins ‘vibe coding’: Here’s what it means

Welcome to Advanced AI News—your ultimate destination for the latest advancements, insights, and breakthroughs in artificial intelligence.

At Advanced AI News, we are passionate about keeping you informed on the cutting edge of AI technology, from groundbreaking research to emerging startups, expert insights, and real-world applications. Our mission is to deliver high-quality, up-to-date, and insightful content that empowers AI enthusiasts, professionals, and businesses to stay ahead in this fast-evolving field.

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

LinkedIn Instagram YouTube Threads X (Twitter)
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 advancedainews. Designed by advancedainews.

Type above and press Enter to search. Press Esc to cancel.