Shares of tech giant Oracle plummeted today after talks between the company and artificial intelligence startup xAI fell through. The failed negotiations have raised concerns among investors about Oracle’s ability to compete in the fast-growing AI market. The decline in Oracle’s stock price was drastic, with shares falling by over 10% in early trading. This … Read more
Intel’s stock has seen a significant decline in 2024 after experiencing a surge in value the previous year. Investors initially flocked to Intel in 2023 due to its low valuation and potential to compete with Nvidia. However, three key reasons suggest that Intel’s stock may continue to suffer losses. Firstly, Nvidia’s dominance in the market … Read more
Cloud computing software maker Citrix Systems Inc. recently forecasted quarterly results below analysts’ expectations, leading to a 14 percent drop in its shares after the market closed. The company cited delays in closing big deals as customers reviewed IT budgets to cut discretionary spending. This warning from Citrix could impact other software companies as well, … Read more
Nvidia, a leading company in artificial intelligence chips, has experienced a historic fall in market value, losing $430 billion in just three days. This drop is the largest in history for any company, with more than half a trillion dollars vanishing since its peak last week. The CEO’s decision to sell $1 billion worth of … Read more
NVIDIA is a highly volatile stock that experiences extreme ups and downs, as shown in the chart. The stock split earlier this month did not reduce its volatility. Analysts have raised earnings forecasts, but the stock is considered a little expensive with a high P/E ratio. Despite strong earnings, the stock may be overvalued, which … Read more
Nic Chahine has an impressive track record of averaging 27% profits every 20 days with his options buys, boasting an 83% win rate in the process. Nutanix, Inc. (NASDAQ:NTNX) recently reported third-quarter FY24 results, showcasing a 17% year-over-year revenue increase to $524.6 million. The company also saw Annual Contract Value (ACV) billings rise by 20% … Read more
The Justice Department is stepping up its antitrust efforts by targeting Live Nation, filing a lawsuit that seeks to split up the entertainment giant. Prosecutors and a coalition of states claim that Live Nation used its Ticketmaster ticketing monopoly to crush competition, following a two-year probe into the company. This legal action comes 14 years … Read more