US stock indices are poised for early gains on Thursday, following Nvidia’s record-breaking surge that propelled the company to the title of the world’s most valuable public company. Futures tied to the S&P 500 indicated a 0.4% increase after the index closed Tuesday with its 31st record closing of the year. Nasdaq Composite futures saw … Read more
Hewlett Packard Enterprise (NYSE: HPE) reported its fiscal second-quarter results on Tuesday, with revenue growing by 3% to $7.2 billion, beating estimates. The company’s server business received a boost from the availability of AI chips from Nvidia Corporation (NASDAQ: NVDA). Despite a 19% decline in earnings compared to the same quarter last year, HPE raised … Read more
The semiconductor industry has seen growth in recent years, leading to increased demand for chips worldwide. Despite this boom, not all semiconductor stocks have performed well. Investors should reconsider their portfolios and identify stocks that may not perform well in the future. Here are three semiconductor stocks that investors should consider selling now: Broadcom (AVGO), … Read more
If you’re considering selling semiconductor stocks, now might be the time to act. Three companies in the semiconductor industry are showing signs of losing momentum and could be worth divesting from. It’s important to stay informed of market trends and make decisions that align with your financial goals. Consider the potential risks and rewards of … Read more
The investment recommendation for Nutanix, Inc. (Nasdaq: NTNX) is a buy rating despite share price declines following strong 3Q24 results. The company provides hyperconverged infrastructure solutions to organizations across multiple cloud platforms and endpoints. NTNX’s competitive advantage lies in its leadership as the best hyperconverged infrastructure supplier, positioning itself well in the industry. In 3Q24, … Read more
Nvidia exceeded expectations on Wall Street with a significant increase in profits driven by its leadership in chip manufacturing for the artificial intelligence sector. The company reported a sevenfold increase in net income, reaching $14.88 billion in the first quarter of 2021, compared to $2.04 billion the previous year. Revenue also more than tripled, rising … Read more
Nvidia’s latest earnings report exceeded expectations, with revenue increasing by 262% compared to the previous year. This performance sent the company’s share price soaring to an all-time high of $1,017 after the market closed. The surge in revenue was primarily driven by the high demand for AI technology. Nvidia also announced a 10-to-1 stock split, … Read more
Financial markets and the US dollar are holding steady following the release of US CPI data, which showed a decrease in inflation to a three-year low of 3.6%. This drop in inflation has raised expectations for a potential interest rate cut by the Federal Reserve. However, since the initial positive reaction to the CPI data, … Read more
© Reuters. Broadcom’s (NASDAQ:) forthcoming $69 billion acquisition of VMware (NYSE:NYSE:) is gaining momentum, with the majority of global clearances and necessary foreign investment consents in place. The deal is expected to conclude ahead of the expiration of their merger agreement. Despite the potential delay from China’s regulatory approval, which introduces an element of uncertainty, … Read more
Momentum investing revolves around the idea of following a stock’s recent trend in either direction. In the ‘long’ context, investors will be essentially be “buying high, but hoping to sell even higher.” With this methodology, taking advantage of trends in a stock’s price is… Source link