S&P 500 futures saw a rise on Thursday morning as investors sought to push the index to a new record high. Futures for the market index increased by 0.2%, while Nasdaq 100 futures surged by 0.64%. On the other hand, Dow Jones Industrial Average futures dropped by 0.04%. This positive momentum comes as the stock … Read more
Oracle, a leading technology company, is anticipating a substantial increase in revenue by the year 2025. This optimistic outlook is fueled by the growing demand for Artificial Intelligence (AI) technologies in various industries. In a recent report by Reuters, Oracle expressed confidence in achieving double-digit revenue growth over the next few years. The increasing reliance … Read more
Nvidia’s stock has the potential for a 50% increase according to Rosenblatt analyst Hans Mosesmann. He raised the price target to $200 per share, the highest on the street, based on Nvidia’s strong earnings potential. Mosesmann emphasizes the importance of Nvidia’s software that complements the hardware, specifically mentioning the CUDA platform. Despite a gain of … Read more
This week on Wall Street, investors are awaiting several key economic data releases. On Thursday morning, data on initial jobless claims, housing starts, building permits, and the Philadelphia Federal Reserve’s manufacturing survey will be released. Friday will bring the release of services and manufacturing PMI data as well as existing home sales figures. Despite the … Read more
Nvidia’s enormous growth in value since the beginning of 2024 has been unprecedented, with the company’s worth increasing by over $10 billion on average each day. This surge has made Nvidia the most valuable company in the world as of Tuesday, surpassing previous tech giants like Microsoft, Apple, and Alphabet. The key driver behind Nvidia’s … Read more
The full-stack hyperconverged infrastructure (HCI) software market is expected to experience significant growth, with a projected CAGR of 22.7% from 2024 to 2032. This growth is driven by the increasing demand for scalable and integrated solutions to modernize IT infrastructures. HCI simplifies management and consolidation of compute, storage, and networking resources through software-defined architectures, reducing … Read more
ClearBridge Investments, an investment management firm, recently released its Q1 2024 investor letter focusing on its ClearBridge Small Cap Value Strategy. The firm’s strategy revolves around identifying companies with strong balance sheets and attractive cash flows at compelling valuations rather than following market trends. In the first quarter, the strategy outperformed the benchmark Russell 2000 … Read more
Alphabet’s stock is performing well this year, with shares up 26.7% compared to the Computer and Technology sector’s growth of 10.3%. Google’s strong services segment, driven by search, YouTube, Pixel, and Android, is a key factor in this growth. The company has been focusing on enhancing its Android features, as seen in the latest redesign … Read more
Businesses are realizing the benefits of migrating Windows Server workloads to the cloud, especially with Azure offering significant savings, robust protection, and hybrid technologies. However, the lack of cloud talent is a common obstacle. To address this, Microsoft offers a variety of skills programs, virtual training days, and applied skills training to prepare individuals for … 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