Turnaround

Nvidia stock poised for further gains following turnaround from 3-day slump

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Nvidia stock poised for further gains following turnaround from 3-day slump

Nvidia Stock (NVDA) saw a more than 2% increase in pre-market trading on Wednesday, rebounding after a recent three-day decline that caused a $430 billion drop in market capitalization. The stock rose by over 6% on Tuesday to close at $126.09, recovering from a nearly 13% dip in the previous three sessions. This volatility comes … Read more

Wedbush’s Ives at AI Summit: Intel requires a monumental turnaround to catch up in the industry

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Wedbush’s Ives at AI Summit: Intel requires a monumental turnaround to catch up in the industry

Wedbush Securities criticized Intel for falling behind competitors like Nvidia and AMD in the artificial intelligence (AI) sector. Dan Ives, managing director of equity research at Wedbush Securities, highlighted Intel’s inability to advance AI technology, calling it a “debacle.” He expressed doubt that Intel’s CEO, Pat Gelsinger, could turn the situation around and compete with … Read more