Oracle could face a significant blow if the US government decides to ban TikTok, a popular social media app owned by ByteDance. As one of the main providers of cloud technology for TikTok, Oracle could lose a significant source of revenue if the ban is enacted. Analysts estimate that TikTok contributes between $480 million and … Read more
that institutions are being cautious in their approach to potential market expansion, focusing on larger cap stocks with less risk exposure, while retail investors may be more inclined to pick individual stocks in the hope of higher returns. The concentration of market returns in a few key stocks has raised concerns, but historical trends show … Read more
Nvidia, a leading chipmaker giant, has recently experienced a significant drop of about 500 billion dollars in its market value, leaving investors uncertain about its future. The company’s annual shareholder meeting, led by CEO Jensen Huang, failed to ease concerns as he did not provide any significant reassurances about defending against competitors in the AI … Read more
Nvidia’s stock is expected to continue rising to $250 per share by year-end, doubled from current levels, according to hedge fund manager Eric Jackson. He believes Nvidia’s market capitalization could reach $6 trillion due to strong chip sales and investor enthusiasm. Jackson argues that Nvidia remains undervalued based on its forward price-to-earnings ratio, highlighting its … Read more
IBM has recently been added to Zacks.com’s list of Most Wanted Stocks, prompting investors to consider key factors influencing the stock’s performance. Over the past month, IBM’s shares have returned +1.7%, compared to the Zacks S&P 500 Composite’s +3.2% change. The Zacks Computer industry – Integrated Systems, where IBM belongs, has gained 2.1% during this … Read more
Nvidia, once the most valuable company in the world with a market capitalization of $3.34 trillion, has seen a significant drop of about $500 billion in value since then. Investors were hoping for insight at the annual meeting on how Nvidia plans to address this decline, but CEO Jensen Huang did not provide much new … Read more
Nutanix, Inc. (NASDAQ:NTNX) has seen its stock price drop by 42% over the past five years, causing some long-term shareholders to doubt their decision to hold onto the stock. The company is not currently profitable, so analysts are looking at its revenue growth to gauge its underlying business performance. Despite growing its revenue by 8.6% … Read more
On a recent episode of CNBC’s ‘Fast Money,’ Ben Reitzes, an analyst from Melius Research, discussed Nvidia’s recent price action and shareholder meeting. Reitzes explained that Nvidia’s stock has been performing well recently, with the company’s share price reaching new highs. He also mentioned that Nvidia recently held a shareholder meeting where they discussed their … Read more
Broadcom, a leading semiconductor company, has recently announced a 10-for-1 stock split in response to the soaring stock market in 2024. The S&P 500 has gained 15% and the Nasdaq Composite has seen an increase of 18%, with technology companies driving the market growth based on the excitement surrounding artificial intelligence (AI). A stock split … Read more
An AI-focused manufacturing startup has recently secured $106 million in funding from leading tech company Nvidia and other investors, according to a report by Reuters. This significant investment is expected to further propel the startup’s efforts in leveraging artificial intelligence technology to revolutionize the manufacturing industry. The startup, which specializes in AI-powered solutions for manufacturing … Read more