Capital International Investors increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 4.5% in the fourth quarter, as reported in its recent 13F filing with the Securities and Exchange Commission. The fund now owns 23,330,880 shares of the semiconductor maker, representing about 5.8% of its holdings. This makes Broadcom its second-largest position, with a value of … Read more
Broadcom, trading under the symbol AVGO on the NYSE, has seen a 4.41% decrease in its short float percentage. The company recently reported that 5.24 million of its shares are being sold short, accounting for 1.3% of all available shares for trading. Traders would require an average of 2.58 days to cover their short positions … Read more
Nvidia (NVDA) recently reported strong earnings, leading to a surge in its stock price and market capitalization. Analysts are optimistic about the company’s growth potential, despite some concerns about future growth already being priced in. Nvidia’s recent announcements of new supercomputers powered by Nvidia Grace Hopper Superchips are expected to accelerate scientific research and industry … Read more
Bronstein, Gewirtz & Grossman, LLC, a well-known law firm, has announced that a class action lawsuit has been filed against Intel Corporation and certain officers. The lawsuit aims to recover damages for alleged violations of federal securities laws by individuals and entities who purchased or acquired Intel securities between January 25, 2024 and April 25, … Read more
Bragar Eagel & Squire, PC, a prominent shareholder rights law firm, has filed class action lawsuits on behalf of shareholders of Intel Corporation (NASDAQ: INTC), AXT., Inc. (NASDAQ: AXTI), and Li Auto Inc. (NASDAQ: LI). The deadlines for shareholders to request to be lead plaintiff in these lawsuits are approaching. For Intel Corporation (NASDAQ: INTC), … Read more
In the recent trading session, Nutanix (NTNX) stock closed at $71.45, marking a decrease of 0.57% from the previous day. Despite this decline, Nutanix outperformed the S&P 500, which saw a daily loss of 0.74%. The Dow Jones and Nasdaq also experienced drops of 1.53% and 0.39%, respectively. Over the past month, Nutanix’s stock has … Read more
The financial magnates have been cashing out on their Nvidia stocks in light of the rise in the market, indicating that some investors believe that artificial intelligence might be overvalued in the short term. Notably, some prominent hedge fund managers, including Stanley Druckenmiller and David Tepper, have decreased their stakes in Nvidia. Conversely, a number … Read more
NVIDIA, a leading AI chip company, saw its shares soar by 9% to over $1,000 after releasing another impressive earnings report. The company also announced a 10-for-1 stock split, making it easier for retail investors to purchase its shares. This move follows a trend among big tech companies, including Google, Amazon, and Tesla, to make … Read more
The Rosen Law Firm, a global investor rights law firm, is reminding buyers of Intel Corporation (NASDAQ: INTC) securities between January 25, 2024, and April 25, 2024, about the upcoming Lead Plaintiff Deadline on July 2, 2024. If investors purchased Intel securities during this Class Period, they may be eligible for compensation through a contingency … Read more
In the ongoing AI chip wars, another stock may emerge as the biggest winner. Microsoft recently announced that it will be offering its cloud computing customers the option to use MI300X AI chips from Advanced Micro Devices (AMD) as an alternative to NVIDIA’s H100 Graphics Processing Units (GPU). This move by Microsoft raises the question … Read more