The stock market closed with losses, largely due to Nvidia’s decline of around 5%. Despite this, more stocks advanced than fell in the index. Investors are shifting away from AI-related stocks like Nvidia in favor of other options. Nvidia’s stock may face further challenges as it lost a critical support level at $125. Technical indicators … Read more
Goldman Sachs recently started covering the IT services sector, providing insights into two prominent companies: IBM and Globant. The investment bank believes that there are significant potential risks and rewards associated with these firms. In analyzing IBM, Goldman Sachs found a compelling case for the company due to its strong market position and diverse range … Read more
Oracle Corporation’s chief corporate architect, Edward Screven, recently sold a significant amount of stock in the company, according to a recent filing with the Securities and Exchange Commission. The shares were sold at various prices, totaling over $34 million. Despite the sales, Screven still holds millions of shares in Oracle, both directly and indirectly through … Read more
Nutanix, a leader in hybrid multicloud computing, has appointed Brian Martin as Chief Legal Officer. Martin brings extensive legal experience in the B2B technology sector and will be responsible for overseeing all legal operations at Nutanix. His background includes executive roles at companies like Juniper Networks and Sun Microsystems, as well as teaching at Stanford … 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
Goldman Sachs analysts recently evaluated the American IT services sector in a report, examining eight companies and noting promising opportunities in IBM and Globant. The analysts acknowledged current challenges in the sector, such as macroeconomic pressures and a shift towards AI-focused spending, but they believe that fears about AI replacing IT services are exaggerated. Instead, … Read more
Soluna Holdings, Inc. recently signed a significant agreement with Hewlett Packard Enterprise Company for data center and cloud services, utilizing Nvidia GPUs. The deal, valued at $34.0 million over 36 months, will bring in substantial revenue for Soluna. In other news, the company reported positive first-quarter results, secured a power purchase agreement in Texas, and … Read more
Broadcom and Eli Lilly saw gains in premarket trading, while Trump Media experienced a rise as well. Meanwhile, Under Armour dropped in premarket trading. Broadcom, a leading technology company, and Eli Lilly, a pharmaceutical giant, both saw positive movements before the market opened. Trump Media, a new venture by former President Donald Trump, also saw … Read more
Nvidia (NVDA) is experiencing a decline in premarket trading, potentially extending its losses for the third consecutive session. The stock’s value has decreased by over $220 billion, with a 2.1% drop in premarket trading. This could lead to a further loss of $65 billion in market capitalization. NVDA concluded the previous week with a market … Read more
Nvidia stock, traded on NASDAQ under the symbol NVDA, has been performing exceptionally well in the market according to analysts at BTIG. They noted that the chipmaker’s shares have been trading approximately 100% above its 200-day moving average, a feat that has not been seen before in the US market. Comparing this to Cisco’s record-breaking … Read more