Artificial intelligence is no longer a distant dream but a reality that is revolutionizing industries worldwide. From self-driving cars to medical breakthroughs, AI is on the brink of a global explosion, offering lucrative opportunities for smart investors. The exponential growth potential of AI is staggering, with the technology poised to transform various sectors like healthcare … Read more
TBH Global Asset Management LLC has increased its stake in Broadcom Inc. by 29.2% during the fourth quarter, according to a recent filing with the SEC. The company now owns 641 shares of Broadcom, worth $715,000 at the time of the filing. Other hedge funds have also made changes to their positions in Broadcom. International … Read more
Dynamic Technology Lab Private Ltd recently acquired a new position in Intel Co., purchasing 9,975 shares valued at approximately $501,000. Other institutional investors and hedge funds have also been active, with various transactions involving Intel stock. CEO Patrick Gelsinger made several purchases of Intel stock, acquiring thousands of shares in recent transactions. Additionally, analysts have … Read more
Barry Knapp, managing partner at Ironsides Macroeconomics, recently discussed the possibility of the United States facing a sovereign debt crisis on ‘Making Money.’ In other news, Nvidia’s stocks have reached a new all-time high, contributing to a boost in retirement accounts as the Nasdaq hits a new record. Additionally, News Corp. and OpenAI have struck … Read more
In a surprising move, Nvidia has set its sights on the home PC market, impacting Intel’s stock performance. This new competition has caused Intel’s shares to drop by nearly 4.5% in Thursday’s trading session. Nvidia’s strong earnings report has fueled its entry into the personal computer market with a focus on AI technology. While Nvidia … Read more
Nvidia Corp. is seeing a rise in income, thanks to its AI business leading the way. This has prompted competitors Intel Corporation and Advanced Micro Devices Inc. to increase efforts to challenge Nvidia’s market dominance. Nvidia’s revenue has more than tripled for the third consecutive quarter, with a strong outlook for the future. The company’s … Read more
The S&P 500 and Nasdaq Composite achieved new records in early trading on Thursday thanks to Nvidia’s strong earnings. Nvidia shares surged more than 8% to exceed $1,000 for the first time after beating Wall Street’s expectations for first-quarter earnings. This led to optimism that the AI rally still has room to grow. As a … Read more
Futures tied to the Nasdaq and S&P 500 climbed on Thursday as semiconductor stocks surged following Nvidia’s positive revenue outlook, boosting confidence in the rapid advancement of artificial intelligence technology. The optimistic forecast from Nvidia, a major player in the semiconductor industry, has ignited investor enthusiasm for the potential of AI technology. Article Source https://www.reuters.com/markets/us/nasdaq-sp-500-futures-pop-nvidia-fuels-chip-stocks-rally-2024-05-23/
The Nasdaq and S&P 500 saw gains on Thursday following Nvidia’s impressive earnings report, which boosted confidence in the continued growth of the AI sector. Nvidia’s stock jumped over 7% in premarket trading to exceed $1,000 for the first time, as the company surpassed Wall Street’s earnings forecasts and raised its future projections, alleviating concerns … Read more
Nutanix, Inc. (NASDAQ: NTNX) saw its stock price reach a new 52-week high on Tuesday, trading as high as $73.37 and closing at $72.39 on a volume of 404,157 shares. Wall Street analysts have been bullish on NTNX stock, with several raising their target prices and giving the stock buy ratings. The stock’s 50-day moving … Read more