The S&P 500 and Nasdaq both saw slight declines in their closing numbers as investors anticipated the release of US payrolls data. The S&P 500, a key indicator of the stock market, ended the day slightly lower, while the Nasdaq also closed with a minor decrease. Analysts and investors were closely watching the upcoming US … Read more
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
Northland Securities downgraded Nutanix (NASDAQ:NTNX) from outperform to market perform with a $71.00 target price. Several other research firms have also provided ratings and target prices for NTNX, including KeyCorp, JMP Securities, Raymond James, JPMorgan Chase & Co., and Susquehanna. Overall, four analysts have rated the stock as a hold, while twelve have rated it … Read more
Broadcom Inc. (NASDAQ: AVGO) saw its shares rise 3.2% on Wednesday, reaching a high of $1,384.98 before closing at $1,373.82. The trading volume was lower than average, with 659,272 shares changing hands compared to the daily average of 2,775,002 shares. The stock had closed at $1,330.82 the previous day. Several analysts have provided ratings and … Read more
China is making moves to bolster its domestic semiconductor industry by creating the largest semiconductor investment fund in its history, called Gran Fondo III. This fund has raised 344 billion yuan (about $48 billion) from the Chinese central government, banks, and state-owned enterprises. The goal is to circumvent the US government’s ban on chips from … 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
Intech Investment Management LLC decreased its holdings in Intel Co. (NASDAQ: INTC) by 32.5% in the fourth quarter, according to a recent filing with the SEC. The institutional investor sold 52,094 shares, leaving them with 108,039 shares worth $5,429,000 at the end of the quarter. Various other hedge funds and institutional investors also made changes … Read more
Nvidia has been a major player in the AI industry, benefiting from the surge in demand for AI technology. While the hype around AI may be exaggerated, the long-term potential for this technology is recognized. However, there are concerns about companies engaging in “AI-Washing” to attract attention, which has prompted regulatory warnings from the FTC … Read more
Intel’s stock has seen a significant decline of 30% in the last three months, prompting a closer look at the company’s financial performance, specifically focusing on its Return on Equity (ROE). ROE is a key metric that measures how effectively a company is reinvesting its capital. In the case of Intel, its ROE stands at … Read more
NVIDIA Corporation, a semiconductor giant, reported first-quarter financial results that surpassed analyst estimates. The company also announced a 10-for-1 stock split, which could potentially lead to its inclusion in a major stock index. The split was not unexpected given the company’s stock performance over the past year and its history of stock splits. Analysts, including … Read more