Broadcom shares surged more than 12% to a record high following a stellar fiscal second-quarter earnings report, indicating further potential for growth in the chip stock. The company’s strong performance can be attributed to three key factors. Firstly, the demand for AI data centers remains robust, with Broadcom positioned as a top investment opportunity in … Read more
The CEO of Amazon Web Services (AWS) and the CEO of NVIDIA announced an expanded collaboration on generative AI during the AWS re:Invent 2023 conference held in Las Vegas, Nevada. This partnership has garnered positive attention, with Nvidia shares experiencing a 150% increase in the first half of 2024, outperforming the S&P 500 by tenfold … Read more
HTF Market Intelligence consultancy offers research on Blockchain in Reinsurance, providing insights on market trends and growth drivers. According to their latest study, the global market is projected to reach USD 382.29 million by 2030, with a growth rate of 33.92%. The report covers key players like IBM, Swiss Re, and Cognizant, and highlights applications … Read more
Global stocks were mixed on Tuesday following a drop by Wall Street’s NVIDIA. The Dow Jones Industrial Average future remained flat, while S&P 500 futures saw a slight decrease. European markets opened lower, with France’s CAC 40 and Germany’s DAX experiencing losses. Japan’s Nikkei 225 rose after Bank of Japan data showed a slowdown in … Read more
Nvidia’s stock fell on Monday despite receiving positive feedback from Wall Street analysts. The chipmaker, which briefly held the title of the most valuable company in the world last week, has now been surpassed by Microsoft and Apple in terms of market value. Despite this, Nvidia’s shares have seen a significant increase of 156% year … Read more
Industry analysts at CUBE Research discussed the possible response of VMware Inc. customers to its acquisition by Broadcom Inc. for $61 billion. The acquisition was part of Broadcom’s playbook strategy, focusing on large clients and R&D investments. Challenges arose as Broadcom eliminated certain existing licenses, leaving customers with stranded licenses to pay for. VMware began … Read more
The S&P 500 and Nasdaq Composite retreated into the red on Thursday after reaching new intraday highs. The decline was caused by profit-taking in mega-cap technology and AI stocks, with Nvidia and Broadcom both falling. Danaher also experienced a rough day, falling more than 3% for the second time in five sessions. This drop was … Read more
Bank of America equity analyst Vivek Arya remains optimistic about Nvidia Corp., even as the chipmaker becomes the largest company in the world, surpassing Microsoft Corp. Arya believes any short-term volatility due to Nvidia’s recent rise will be short-lived, citing the company’s strong fundamentals, attractive valuations, and several growth factors. One key factor is the … Read more
Kingston, New York is a city with a rich history, particularly in the realm of technology and innovation. One of the key players in shaping Kingston’s technological landscape was IBM, which had a significant presence in the area for many years. The influence of IBM can still be felt in Kingston today, and there are … Read more
There is a growing tension in the stock and options markets that could lead to a disruptive impact. As the S&P 500 Index continues to climb towards record levels, sell-side portfolio strategists are becoming more positive, but the trading community remains skeptical. Many traders are concerned about a potential corrective pullback in the stock market, … Read more