Stocks saw a significant boost thanks to a rally from Nvidia, a leading technology company. The rally helped stabilize the dollar, providing further support to the market. Investors were encouraged by Nvidia’s performance, leading to an overall positive trend in the stock market. The stability of the dollar also provided a sense of security for … Read more
Nvidia, a chipmaker that had a modest beginning in 1999, has remarkably become the best-performing stock over the last 25 years with a total return of 591,078%. Its rise to the top was fueled by the financial frenzy around artificial intelligence and the company’s reputation for producing cutting-edge chips. Recently, Nvidia surpassed Microsoft as the … Read more
Asian semiconductor stocks surged following Nvidia’s rise to become the world’s most valuable company, with the company’s market capitalization hitting $3.34 trillion. This surpassed Microsoft, which is now valued at $3.32 trillion. Nvidia’s shares have increased by 174% this year. Taiwan Semiconductor Manufacturing Corporation (TSMC), which produces Nvidia’s high-performance graphics processing units, saw its stock … Read more
Asian semiconductor stocks surged on Wednesday following a rise in Nvidia’s stock price, making it the world’s most valuable company with a market capitalization of $3.34 trillion, surpassing Microsoft. In Taiwan, Taiwan Semiconductor Manufacturing Company (TSMC) and Foxconn saw gains of up to 4.34% and 4.78%, respectively. TSMC manufactures Nvidia’s high-performance graphics processing units for … Read more
Nvidia (NASDAQ: NVDA) has been a standout in the stock market, driving broader indices with its high trading volume. However, BTIG has raised concerns about the hype surrounding the chipmaker’s stock, particularly after the announcement of a stock split on June 7. The current trading volume for Nvidia is 90% above average, with about 80 … Read more
Lululemon stock (lulu) jumped around 4% on Thursday following the company’s announcement of an increase in its full-year earnings outlook and a $1 billion expansion of its share buyback program. The company revealed on Wednesday that it now anticipates full-year earnings per share to be between $14.27 and $14.47, a slight adjustment from the previous … Read more
NVIDIA, a $3 billion chip giant, is about to undergo a 10-for-1 stock split, making it more affordable for individual investors. Shareholders of record through Thursday, June 6 will receive an additional nine shares after the split. This move could potentially open the door for NVIDIA to be added to the price-weighted Dow Jones Industrial … Read more
On Thursday, U.S. stocks were mixed as investors awaited the May nonfarm payrolls report, following Nvidia’s record profit the day before. The European Central Bank also cut interest rates for the first time since 2019. The number of jobless claims in the U.S. rose to a four-week high last week, with 229,000 claims filed. While … Read more
Semiconductor stocks are on the rise thanks to positive news about artificial intelligence (AI) and hopes for a soft economic landing. Industry leaders like Broadcom, Arm, and Lam Research saw their shares increase by 5.2%, 5.3%, and 4.6%, respectively. This growth comes after a stall due to positive inflation reports in April. However, today saw … Read more
Semiconductor stocks, including leaders like Broadcom, Arm, and Lam Research, saw a rise in their prices on Wednesday. This growth comes after a recent stall due to positive inflation reports in April. However, positive news about AI continued to drive the market today, along with a weaker-than-expected May jobs report. This report fueled hopes for … Read more