In recent trading activity, Congresswoman Nancy Pelosi has made significant investments in Broadcom Inc. and NVIDIA Corporation while selling shares of Tesla, Inc. and Visa Inc. On June 24, Pelosi purchased 20 Broadcom call options and 10,000 shares of NVIDIA. She also sold 2,500 shares of Tesla and 2,000 shares of Visa. These transactions offer … Read more
Oracle Corporation’s Chief Corporate Architect, Edward Screven, recently sold 37,221 shares of the company’s stock at an average price of $140.1911 per share, totaling around $5.2 million. This insider transaction, disclosed in a Form 4 filing with the SEC on June 27, reduced Screven’s direct holdings in Oracle. He also exercised options to acquire 37,221 … Read more
Shares of Hewlett Packard Enterprise (HPE) surged more than 15% in early U.S. trading after the company reported strong second-quarter earnings that surpassed expectations. The company posted earnings per share of $0.42, higher than the projected $0.39, while revenue came in at $7.2 billion, beating consensus estimates of $6.83 billion. One of the key drivers … Read more
Chinese tech company ByteDance is collaborating with U.S. chipmaker Broadcom Inc to develop a new advanced artificial intelligence processor, as reported by Reuters. This partnership aims to help ByteDance, the owner of TikTok, ensure a stable supply of AI chips amidst strict U.S. restrictions on chip exports to China. The new 5-nanometer chip will be … Read more
Nvidia’s market valuation has soared to become the top-ranked company, surpassing Microsoft. Despite recent declines in share prices, analysts believe that Nvidia has the potential to maintain its top position. Truist Securities conducted a comprehensive analysis, showing that historically, companies that have reached the number one market capitalization spot have underperformed in the short term … Read more
Oracle Corporation has released HeatWave GenAI, an enhancement to its database services that integrates large language models for generative AI applications directly into its database. This feature allows developers to create applications for natural language processing, contextual conversations, and vector processing without the need for AI expertise or moving data out of the database. HeatWave … Read more
ePlus Inc., a provider of technology solutions for business outcomes, has introduced a new disaster recovery service named Azure Recover. This service, fully managed and powered by Azure Site Recovery, is designed to protect workloads on-premises, in Azure, or other cloud environments. It offers features like automated testing, support during failover events, and recovery validation … Read more
Nvidia’s stock price saw a significant increase on Tuesday, allowing the company to reclaim its $3 trillion valuation after a series of declines that caused it to lose its status as the world’s most valuable public company. The stock closed 6.7% higher, pushing its market capitalization to $3.1 trillion and alleviating concerns among investors about … Read more
U.S. stock index futures stabilized on Tuesday afternoon as Nvidia and other chipmakers rallied, boosting Wall Street indexes. However, investors remained cautious ahead of key inflation data to be released later in the week, which could impact interest rate expectations. Nvidia, a leading artificial intelligence company, recovered nearly 7% after recent losses, helping its peers … Read more
U.S. stock futures were mixed on Tuesday following a decline in AI-related chipmaker stocks. Nvidia shares were up in premarket trading. Meanwhile, meme stock investor Roaring Kitty’s stake in GameStop fell into the red, with prices falling in volatile trades. Bitcoin also experienced volatility, while crude oil prices stabilized. Investors are awaiting key reports on … Read more