Shares of the hybrid cloud specialist jumped on a strong earnings report. Shares of Nutanix (NTNX 19.70%) were moving higher today after the hyper-converged infrastructure specialist (HCI) posted better-than-expected results in its fiscal fourth-quarter earnings report. Investors responded positively to the news, sending the stock up 20.4% as of 12:53 p.m. ET. Image source: Getty … Read more
Amazon, one of the five companies in the $2 trillion club, is seen as a strong investment option. With three key reasons why it’s a good buy right now, investors should consider adding Amazon stock to their portfolios. Firstly, Amazon Web Services (AWS), the largest cloud computing provider, saw a 17% increase in revenue in … Read more
Broadcom’s stock split is approaching on July 12, and some investors may be wondering if they should act quickly. The semiconductor and software company’s stock price has nearly quadrupled since October 2022, with shares up over 50% so far this year. The company announced plans for a 10-for-1 stock split in its June quarterly report, … Read more
Intel, a chip giant, has seen stagnant stock performance over the past few years due to losing market share to competitors like AMD. The company also faced challenges in the PC market, leading to profit declines. Despite the current difficulties, Intel has the potential to undergo significant changes in the next five years. One key … Read more
Broadcom’s stock has surged by about 20% this week following the release of its fiscal 2024 second-quarter results. The company’s shares have gained over 50% so far this year, driven by the rise of artificial intelligence (AI) and its acquisition of VMware. Broadcom is benefiting from the increasing spending on AI-related products, such as data … Read more
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Broadcom’s revenue has surged due to high demand for artificial intelligence, leading to a significant increase in its stock price over the years. The company is set to undergo a 10-for-1 stock split, following in the footsteps of other successful companies like Nvidia and Chipotle Mexican Grill. Stock splits are intended to lower the price … Read more
Stock splits are gaining increasing popularity on Wall Street, right behind the AI trend. This mechanism allows publicly traded companies to adjust their stock price and the number of shares outstanding. Companies typically conduct forward stock splits to make shares more affordable for ordinary investors, while reverse splits aim to increase a company’s stock price … Read more
The production gap between Advanced Micro Devices (AMD) and Intel is expected to narrow this year. AMD made the decision to stop making its own chips in 2009, allowing it to focus on chip design and utilize third-party foundry manufacturing services. However, Intel had the best manufacturing technology in the industry until recently. About five … Read more
In June 2024, Oracle’s stock rose by 20.5%, driven by the company’s strong performance in the fourth quarter. Despite mixed earnings results, Oracle’s partnership with OpenAI and the growth of its Oracle Cloud Infrastructure (OCI) platform captured investors’ attention. CEO Safra Katz highlighted the significance of OCI in helping to propel the company’s AI initiatives, … Read more