NVIDIA (Nasdaq: NVDA) recently made a long-anticipated announcement of a stock split on May 22nd, which was accompanied by stellar financial results. Following the news, the company’s stock price surged 9.3% the next day and has seen a 13.5% increase over the past five business days. Investors are now left wondering how other major technology … Read more
Jump Financial LLC reduced its stake in International Business Machines Co. by 36.2% in the fourth quarter, according to their latest filing with the Securities and Exchange Commission. The firm sold 1,218 shares, leaving them with 2,149 shares valued at $351,000. Other institutional investors also made changes to their positions, with several increasing their holdings … Read more
Amazon has proven to be a great investment for some lucky investors, with its shares increasing by 4,760% since May 2004. As the company continues to grow, now valued at a staggering $1.9 trillion with $575 billion in net sales in 2023, investors may be wondering if it is still a good stock to buy. … Read more
Journalists have recently highlighted the top Dow stocks according to hedge funds, with Microsoft Corporation being one of the leading choices. Despite Microsoft’s strong performance, it is not deemed the best Dow stock to invest in. For a detailed breakdown of the top Dow stocks recommended by hedge funds, readers can refer to Insider Monkey’s … Read more
Hewlett Packard Enterprise (HPE) shares experienced a slight increase before the market opened on Thursday, opening at $18.85 compared to the previous close of $18.15. The stock traded at $18.35 with a volume of 3,091,741 shares. Several research analyst reports have been issued regarding HPE. Stifel Nicolaus lowered their price target from $20.00 to $18.00 … Read more
NVIDIA Corporation (NVDA) is a leading player in the AI industry, producing cutting-edge GPUs for AI applications and investing heavily in AI software products such as their advanced AI platform for enterprises. The company has announced collaborations with major technology players like Microsoft to drive demand for their GPUs. NVIDIA recently reported strong earnings for … Read more
In the recent trading session, Nutanix (NTNX) closed at $71.45, marking a slight decrease of -0.57% from the previous day’s close. Despite this, the stock outperformed the S&P 500’s daily loss of 0.74%. Meanwhile, the Dow Jones and Nasdaq experienced drops of 1.53% and 0.39%, respectively. Over the past month, shares of Nutanix have risen … Read more
Arista Networks (ANET) saw a 7.5% drop in its stock on Thursday after Nvidia (NVDA) discussed its networking ambitions during an earnings call. Nvidia mentioned its Spectrum-X product, which would allow the company to enter the market for bringing large-scale AI to Ethernet-only data centers. Bloomberg Intelligence highlighted that while Nvidia’s move is seen as … Read more
Nvidia, a leading technology company, has been amassing a substantial amount of cash, raising questions about how they plan to utilize it. As Nvidia continues to grow and expand its operations, the company has been strategically building up its cash reserves to ensure it has the financial flexibility to pursue various opportunities for future growth … Read more
Nvidia’s profits were anticipated to contribute to market growth, but despite this, major indices like ^DJI, ^IXIC, and ^GSPC were falling as the trading day closed on Thursday. Investing expert Ryan Detrick of Carson Group commented on Nvidia’s performance, calling them “the star” and suggesting that the market may simply be experiencing a minor pullback … Read more