The S&P 500 index has reached an all-time high point for the 24th time this year, setting impressive records in the stock market. However, the continuous success of the S&P 500 seems to be heavily dependent on the performance of a select group of tech stocks known as the “Magnificent 7”. These seven tech companies … Read more
JPMorgan has increased its price target for Nutanix stock, attributing the change to the company’s strong demand environment. The financial institution sees potential for growth in the stock due to high demand for Nutanix’s products and services. This positive outlook has led JPMorgan to raise its price target for Nutanix shares. In a recent report, … Read more
Nvidia, a prominent chip company, has recently been recognized as the most valuable chip company in the world and has topped the list of America’s most visible brands in a recent survey. The company was ranked number one in the 2024 Axios Harris Poll 100, which evaluates the reputation of the 100 companies most present … Read more
NVIDIA Corporation, a semiconductor giant, reported first-quarter financial results that surpassed analyst estimates. The company also announced a 10-for-1 stock split, which could potentially lead to its inclusion in a major stock index. The split was not unexpected given the company’s stock performance over the past year and its history of stock splits. Analysts, including … Read more
JPMorgan has reiterated its positive rating on Nutanix (NASDAQ: NTNX) and increased its price target to $80 from $70. The analyst highlighted strong fundamentals, solid demand, and achievable expectations for the company’s fiscal third quarter as reasons for the optimistic outlook. The demand for Nutanix’s products remains strong among existing customers as well as through … Read more
According to a report by HTF Market Intelligence, the global Privacy-Enhancing Technology market is projected to grow at a Compound Annual Growth Rate (CAGR) of 20.97% from 2024 to 2030. This market research report aims to provide insights and strategic intelligence to help decision-makers make informed investment decisions and identify potential growth opportunities in the … Read more
Super Microcomputer, listed on the NASDAQ as SMCI, experienced a 3% drop in its share price on Thursday’s trading session, despite an initial 11.3% increase at the beginning of the day. This decline came after NVIDIA, another NASDAQ-listed company, released strong first-quarter results, which initially boosted investor interest in Supermicro. Supermicro is a server specialist … Read more
Stocks took a hit on Thursday, with the Dow Jones Industrial Average experiencing its worst day of the year in 2024. Despite a post-earnings surge in NVIDIA, the overall market failed to see a significant lift. The Dow Jones, consisting of 30 stocks, dropped by 605.78 points, or 1.53%, marking its most significant decline of … Read more
The CNBC Investing Club with Jim Cramer provides a daily afternoon update called Homestretch for its members, just in time for the final hour of trading on Wall Street. The update includes insights and analysis on the day’s market movements and potential investment opportunities. During a recent trading session, Nvidia’s stock surged by 10% following … Read more
Oracle (ORCL) has been a popular stock on Zacks.com recently, with a +8% return over the past month, outperforming the Zacks S&P 500 Composite. The Zacks Computer – Software industry, which includes Oracle, has also seen a 7.1% gain during this time. The key question now is what could influence the stock’s performance in the … Read more