Nvidia’s rapid rise in the technology sector has left investors wondering if anything can stop it from further growth. The company recently surpassed Microsoft in market value, making it the world’s most valuable company, and its stock has seen significant gains over the past decade. Analysts at Bank of America see potential for Nvidia to … Read more
Investment analysts at Bank of America have increased their price target for Hewlett Packard Enterprise (HPE) from $22.00 to $24.00, while maintaining a “neutral” rating on the company’s stock. This new price target suggests a potential upside of 15.89% from the current price of HPE. Other analysts, including Barclays, Sanford C. Bernstein, Evercore ISI, UBS … Read more
In a half-time report on the final operations, Joshua Brown of Ritholtz Wealth Management expressed his continued support for Amazon.com, Inc. (AMZN) despite the stock trading lower on Tuesday. Meanwhile, a California labor regulator fined Amazon $5.9 million for allegedly not informing workers about productivity quotas at two warehouses. Jenny Van Leeuwen Harrington of Gilman … Read more
U.S. stock futures saw a slight increase on Thursday, indicating that major indexes could continue to climb after reaching new highs earlier in the week. The Dow Jones Industrial Average futures went up by 39 points, or 0.1%, while S&P 500 contracts rose by 0.4% and Nasdaq 100 futures increased by 0.6%. Investor sentiment is … Read more
Moody National Bank Trust Division decreased its stake in International Business Machines Co. (IBM) by 1.1% in the first quarter, selling 87 shares and owning 7,807 shares. Other investors also made changes to their positions in IBM, with increases seen in various stakes. IBM’s stock performance has shown a 1-year low of $129.18 and a … Read more
The African Development Bank has partnered with Intel to provide training in artificial intelligence to millions of people across Africa. This initiative aims to prepare Africans for the digital future by equipping them with the skills needed to thrive in an increasingly technology-driven world. The program will focus on developing AI skills in areas such … Read more
U.S. Representative Eric Swalwell criticized House Speaker Mike Johnson for making controversial personnel decisions this week at the behest of former President Donald Trump. Johnson appointed two Republicans, Scott Perry and Ronny Jackson, to the House Intelligence Committee, bypassing more experienced members. Swalwell emphasized the disrespect and oddity of these appointments, stating that Perry and … Read more
Nvidia CEO Jensen Huang is set to report the company’s second-quarter results as demand for processors powering generative AI continues to rise. Bank of America remains optimistic about Nvidia’s future, reiterating its $1,500 price target and predicting another 24% upside for the stock. The bank believes Nvidia will continue to dominate the computer market in … Read more
Nvidia reported impressive results that surpassed high expectations, leading to a surge in its stock price. The company’s strength in AI-powered accelerated computing is driving demand from various sectors beyond cloud service providers. Bank of America analyst Ruplu Bhattacharya believes that Super Micro Computer Inc. (SMCI) will benefit from this trend due to its positioning … Read more
Asian markets may face a mixed open on Thursday as concerns grow over potential interest rate cuts in the United States and abroad, while positive earnings from technology giant Nvidia could provide a boost to profits. Nvidia’s shares rose after-hours following better-than-expected first-quarter results and a forward stock split announcement. Investors will be closely watching … Read more