Charles Schwab Trust Co increased its holdings in Intel Co. by 7.6% in the first quarter, according to the latest 13F filing with the SEC. The company now owns 7,947 shares of Intel, with a value of $351,000. Other institutional investors have also bought and sold Intel shares recently. Slow Capital Inc., Altus Wealth Group … Read more
Investors saw a positive turn in the market as the S&P 500 and the Nasdaq Composite rebounded from a three-day decline driven by NVIDIA’s recovery after a sell-off. However, the Dow Jones Industrial Average still faced a nearly 300 point drop due to losses in Boeing, Goldman Sachs, and Housie deposit. The bond yield remained … Read more
US stocks closed mixed on Tuesday, with the Dow Jones Industrial Average falling by 0.8 percent and the S&P 500 rising by 0.4 percent. The Nasdaq saw a significant boost of 1.3 percent thanks to Nvidia’s reversal of a recent decline, closing the day almost seven percent higher. Investors also took note of consumer confidence … Read more
Nvidia’s recent rebound has positively impacted the Nasdaq, driving the index higher. The tech company’s strong performance has bolstered investor confidence and contributed to the overall gains in the market. Nvidia, known for its advanced graphics processing units (GPUs), has seen a surge in demand for its products as more industries adopt artificial intelligence and … Read more
This year’s stock market rally has been dominated by a few big tech names leading to gains in the S&P 500. According to BlackRock Investment Institute’s Jean Boivin, this is a result of the AI theme and not a flaw. Companies such as Nvidia AI, Apple, Alphabet, Microsoft, Amazon, Goal, and Broadcom have contributed significantly … Read more
Tennessee recently wrapped up a busy weekend of hosting official visitors, with a total of twelve recruits making their way to Knoxville. The Vols have already secured a commitment from one highly sought-after prospect and are hopeful to secure more commitments in the near future. Among the visitors were three current Tennessee commitments: Radar Jackson, … Read more
Goldman Sachs recently began covering IBM stock with a “buy” rating. The analyst believes that IBM’s artificial intelligence services will contribute to its long-term revenue and free cash flow growth. Currently, IBM shares are up 2.9% to $177.52, potentially reaching their first close above $176 and the 60-day moving average in months. The stock has … Read more
AWS and SAP are expanding their collaboration to maximize the benefits of UPLOAD with SAP, the cloud ERP solution powered by AI on AWS cloud services. This partnership focuses on easy adoption of RISE with SAP on AWS, improved performance of SAP cloud workloads, and integrated GenAI capabilities. SAP customers can now access powerful large … Read more
Microsoft recently presented at a Citi event where they discussed their goals and partnership with OpenAI in utilizing Azure, their cloud computing platform. The focus was on how OpenAI’s positive outlook on Azure could potentially lead to more collaborations and advancements in the field of artificial intelligence. During the presentation, Microsoft highlighted their strategic partnership … Read more
Citi analysts have raised their price target for Microsoft stock to $520 from $495, while maintaining a Buy rating. This increase follows positive headlines from OpenAI, suggesting strength in Microsoft’s Azure cloud platform, but Citi notes that expenses may be underestimated. Recent reports indicate OpenAI has doubled its annualized revenue to $3.4 billion, with expanded … Read more