The Technology Select Sector SPDR Fund (XLK), managed by State Street Global Advisors, is increasing its exposure to Nvidia by purchasing about $10 billion in Nvidia shares. This move comes after Nvidia surpassed Microsoft to become the world’s most valuable company. The changes in the fund’s holdings are being made to align with pending changes … Read more
Taiwan Semiconductor Manufacturing Company (TSMC) is a major player in the semiconductor industry, known for its advanced technology and high-quality products. Recently, there has been speculation about whether or not TSMC could overtake NVIDIA, another prominent semiconductor company, in the market. TSMC, headquartered in Taiwan, has been a leader in the semiconductor industry for years, … Read more
Broadcom, a leading technology company, is poised for continued success in the market. Despite its already strong performance, there are ways for investors to approach the stock in a conservative manner, according to Barron’s. The potential for Broadcom to outshine its current position is evident, making it an attractive investment option for those looking for … Read more
Hewlett Packard Enterprise (HPE) stock experienced its largest increase since 2016 due to strong sales of artificial intelligence (AI) servers. The surge in stock value is attributed to the growing demand for AI technologies, particularly in the server market. HPE is considered a key player in this industry, with its AI servers gaining popularity among … Read more
Stock market futures are indicating a lower opening, with S&P 500 down 18 points and Nasdaq 100 down 52 points. Tech stocks are experiencing pre-open losses, adding to negative sentiment driven by growth concerns after a weak ISM manufacturing report. Treasury yields and oil prices are lower this morning due to continued concerns about the … Read more
HPE Stock is experiencing its largest gain since 2016 due to the increase in sales of AI servers. This growth in sales is significant for the company and has positively impacted its stock performance. The boost in demand for AI servers has played a crucial role in driving HPE’s stock value up, resulting in a … Read more
Alphabet Inc., the parent company of Google, has shown incredible growth potential that could see it reach a valuation of $3 trillion in the near future. With a diverse range of businesses under its umbrella, including Google Search, YouTube, and Waymo, Alphabet has a unique advantage in various industries such as technology, advertising, and autonomous … Read more
Nvidia recently announced a forward stock split, becoming the eighth company to do so this year. This decision follows similar moves by megacorporations like Walmart and Chipotle earlier in the year. Nvidia will give investors nine additional shares for each share they own, effectively lowering the stock price to just over $100 per share from … Read more
Semiconductors play a crucial role in powering various devices and technologies that are an essential part of our daily lives. This includes computers, televisions, cars, and many other gadgets that we use on a regular basis. Over the years, semiconductor stocks have shown exceptional performance, outpacing the broader stock market. However, the emergence and rapid … Read more
Google is reportedly in talks to acquire the marketing software company HubSpot for $30 billion, which would be Google’s largest acquisition ever. This move is seen as a strategy for Google to challenge Microsoft in the cloud applications market. Analysts believe that Google aims to take market share from Microsoft in the productivity suite by … Read more