Oracle Corp (ORCL) recently released its 10K presentation for fiscal 2024, showcasing strong financial performance with notable growth in licensing and cloud revenue. The company’s total revenue increased to $52,961 million, reflecting its ability to maintain profitability in a competitive market. Oracle’s strategic investments in emerging technologies like AI and machine learning enhance its competitive … Read more
Jim Cramer recently discussed the importance of discipline during market rallies, advising investors to take profits when necessary. He emphasized the need to prepare for the future and not give in to market euphoria. Cramer referenced the post-COVID rally of 2020 and cautioned against holding on to stocks too long as gains can evaporate quickly. … Read more
NVIDIA Corp’s intrinsic value was calculated using the Discounted Earnings model, resulting in a value of $545.31 as of May 27, 2024. However, the current trading price of the company stands at $1,064.69, indicating a safety margin of -95.24% and suggesting that the company is modestly overvalued. The GuruFocus DCF calculator employs a two-stage model … Read more
The Connected Health M2M market report, titled “Connected Health M2M Market Insights, Forecast to 2032,” published by AMA Research, provides insights into the market size and growth estimates, along with strategic steps taken by competitors. The report is derived from primary and secondary sources, including expert opinions, patent analysis, and market development activities. It highlights … Read more
King Luther Capital Management Corp reduced its stake in Nutanix, Inc. (NASDAQ:NTNX) by 9.9% in the fourth quarter, selling 55,587 shares to own a total of 506,154 shares valued at $24,138,000. Other large investors also made changes to their positions in NTNX, with 85.25% of shares belonging to institutional investors. In insider news, COO David … Read more
Technology Provider Companies (TPCs) in Silicon Valley, including Hewlett Packard Company, International Business Machines Corporation, and Quantum Corporation, have released their annual tape media shipments report. The report highlights a record 152.9 exabytes (EB) of total tape capacity shipped in 2023, marking a 3.14 percent increase from the previous year. This growth is attributed to … Read more
Renowned billionaire hedge fund manager Steve Cohen, known for his insightful and high-performing investments, has seen great success with his fund Point72 Asset Management. Having founded SAC Capital in 1992, Cohen has consistently made profitable moves in the market, losing money only once from 1992 to 2009. The fund has raised approximately $12.8 billion since … Read more
U.S. stock futures rose as traders reacted to Nvidia’s impressive quarterly earnings report, with revenue climbing 262% and CEO Jensen Huang hinting at further growth with the launch of new AI chips. Meanwhile, OpenAI signed a content sharing deal with News Corp, gaining access to publications such as The Wall Street Journal and The Times. … Read more
After the bell, several companies made headlines in the stock market. Nvidia saw a 4% increase after announcing a 10-for-1 stock split and beating Wall Street estimates for the first fiscal quarter. Snowflake also rose over 5% as its fiscal first-quarter revenue exceeded Street expectations. However, VF Corp. experienced a 9% decline due to an … Read more
International Business Machines (IBM) has carved out a niche in the AI market by focusing on enterprise customers with complex needs. The company’s watsonx platform caters to businesses and organizations that require training, tuning, and deployment of AI applications while considering regulatory, legal, and other concerns. This approach has proven successful for IBM, with its … Read more