Cisco remains optimistic about its relationship with Chinese electric vehicle (EV) manufacturers despite escalating trade tensions. The company sees the electric vehicle sector as a key market in the region, generating significant revenue from manufacturing companies. Ming Wong, Vice President and CEO of Cisco Greater China, stated that the company is collaborating with at least … Read more
Cisco remains optimistic about its relationship with Chinese electric vehicle manufacturers despite rising trade tensions. The company is currently collaborating with at least 10 electric car customers as they expand internationally. Despite tariffs on Chinese EV imports by the US and potentially the EU, companies like BYD are continuing to invest in local factories. Cisco’s … Read more
U.S. stock futures were largely steady on Tuesday as Nvidia considered a comeback following a three-day decline, with investors adjusting portfolios for the end of the quarter. Nasdaq 100 futures rose 0.5% while S&P 500 futures were up 0.2%. Dow Jones Industrial Average Futures fell 0.1% after a strong start to the week. Investors are … Read more
American tech giant Cisco has been optimistic about its business with Chinese electric car companies expanding globally. Cisco’s Greater China head stated that electric vehicles are the company’s second largest segment in the region, with the majority of revenue coming from manufacturing companies, particularly electric cars. Despite trade tensions and increased tariffs on Chinese electric … Read more
Crypto venture capitalist Andrew Kang made comparisons between Ethereum and tech stocks, noting similarities in price action between the current market and May 2021. Kang highlighted that both periods saw bullish momentum lasting around 9 to 10 months, but cautioned that extreme corrections could still occur over a several months’ time horizon. Expressing skepticism about … Read more
Nutanix Inc (NASDAQ:NTNX) recently announced its financial results for the second quarter ended January 31, 2024, demonstrating strong growth and financial performance despite economic challenges. The company reported a 26% increase year-over-year in Annual Recurring Revenue (ARR), reaching $1.74 billion, and a 16% increase in revenue to $565.2 million. Nutanix also achieved GAAP operating income … Read more
NVIDIA and AI have been dominating Wall Street in 2024 with NVIDIA’s impressive growth driven by AI chip demand. However, it may be time to look for the next big winner. Despite a 35% drop in its stock since January, Snowflake has a promising future. The company offers a cloud-based platform for data storage and … Read more
Analysts at Bank of America increased their price target for Broadcom (NASDAQ: AVGO) shares to $2,150, highlighting the company’s shift towards growth driven by AI and VMware. Traditionally, AVGO’s software and semiconductor segments saw 5-10% growth, but Bank of America now predicts a compound annual growth rate (CAGR) of 13% from 2024 to 2026, primarily … Read more
IBM saw its shares rise on Monday following a positive call from Goldman Sachs analyst James Schneider, who initiated coverage of the software, services, and mainframe company with a Buy rating and a price target of $200, representing a 16% increase from the previous closing price. By mid-morning, IBM’s stock was up 3.3% to $178.18. … Read more
Broadcom, a leading semiconductor company, is now considered a growth stock by Bank of America Merrill Lynch due to its increasing contributions from artificial intelligence (AI) and VMware. Both areas have been key drivers of the company’s growth and profitability in recent times. The company’s focus on AI technologies has been especially beneficial, as demand … Read more