Reported about 2 months ago
Arm Holdings, which recently went public, has already seen significant growth due to the AI boom. As it specializes in chip architecture for mobile and IoT devices, its position appears less vulnerable to competitive threats than Nvidia's. With major companies developing their own chip designs, Nvidia may lose market share and face pricing pressure, leading to a potential slowdown in growth. The article posits that Arm is a stronger long-term investment compared to Nvidia.
Source: YAHOO
Reported about 2 months ago
Nvidia and various semiconductor stocks have surged recently, primarily driven by strong demand for artificial intelligence hardware. The company has seen an 8% increase in shares, nearing Apple's valuation, as tech giants like Google, Microsoft, and Amazon plan substantial AI infrastructure investments over the next couple of years. Despite concerns of a potential bubble in AI chip stocks, analysts remain optimistic about a continued upward trend in semiconductor revenues, with expenditures estimated to reach $215 billion in 2024.
Source: YAHOO
Reported about 2 months ago
Bank of America, along with Goldman Sachs and Citigroup, is set to report its Q3 earnings on October 15. Additionally, companies such as UnitedHealth Group, Johnson & Johnson, and Albertsons will also share their earnings. The market will be closely monitoring comments from Federal Reserve Governor Adriana Kugler for hints regarding the central bank's upcoming interest rate decisions.
Source: YAHOO
Reported about 2 months ago
Analyst Stacy Rasgon discusses the intensified competition among hyperscalers and AI chip makers, highlighting Nvidia's leading position in the market as its GPUs remain sold out for the next year. Despite investor skepticism regarding AMD's new AI chip, Rasgon predicts continued demand for Nvidia's products, noting that the gap between Nvidia and competitors like AMD remains substantial.
Source: YAHOO
Reported about 2 months ago
US stocks gained momentum with new record highs for the S&P 500 and Dow Jones, while Nvidia's stock surged thanks to strong sales of its Blackwell AI chip. Additionally, there was an uptick in bitcoin and the overall crypto market, spurred by recent Federal Reserve interest rate cuts affecting money market flows.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Citi Research has increased its oil price predictions, suggesting a bull case scenario could see prices soar to $120 per barrel in the upcoming quarters due to escalating conflicts in the Middle East. Despite this, they maintain a baseline forecast of $74 per barrel for the fourth quarter of 2024, citing weaker market fundamentals. Currently, Brent crude is trading around $77 per barrel.
Source: YAHOO
Reported about 2 months ago
German car manufacturers Volkswagen, BMW, and Mercedes-Benz face a significant decline in sales in China as local electric vehicle (EV) brands gain popularity. Once favored by affluent consumers, these companies are now losing market share due to their inability to meet the tech-savvy demands of younger buyers. Despite their extensive investments in the Chinese market, the dominance of local brands, coupled with a shift in consumer preferences away from traditional luxury features, poses an existential threat to these longtime automotive giants.
Source: YAHOO
Reported about 2 months ago
Recent trends show an increase in stock splits among popular tech companies, aimed at making shares more accessible to retail investors. Three companies that may be poised for future splits are MercadoLibre, ASML, and Salesforce, each with significant growth and high stock prices that may deter some investors. As they continue to see revenue growth, a stock split could attract a new wave of buyers, despite stock splits not impacting fundamental values.
Source: YAHOO
Reported about 2 months ago
Investors are closely monitoring upcoming earnings reports from major banks, including Bank of America, Citi, Goldman Sachs, and Morgan Stanley. Key factors include net interest income trends, which are pivotal for bank profitability. Analysts express cautious optimism, especially for investment banks, expecting a potential upturn in earnings due to improved market conditions. The outlook for net interest income and associated growth in 2025 will significantly influence share price reactions.
Source: YAHOO
Reported about 2 months ago
US stocks surged on Monday, with the Dow and S&P 500 closing at record highs driven by a rally in tech stocks, particularly Nvidia, which rose nearly 3% to a new peak. The Nasdaq Composite also climbed close to 1%. Overall market excitement was fueled by optimism around upcoming earnings reports, even as concerns about potential interest rate cuts from the Federal Reserve lingered. Bitcoin and Ethereum also saw significant gains, contributing to the positive market sentiment.
Source: YAHOO
Reported about 2 months ago
Starbucks is scaling back on discounts and promotions as part of new CEO Brian Niccol's strategy to position the brand as a premium coffee chain. The company plans to reduce promotional offers through its mobile app and avoid broad discounts during the holiday season, instead focusing on advertising seasonal drinks. This shift comes as Starbucks aims to enhance the in-store experience and return to its roots as a community coffeehouse, amidst declining sales and a shift in customer demographics.
Source: YAHOO
Reported about 2 months ago
Microsoft has announced that Sebastien Bubeck, its vice president of GenAI research, is leaving the company to join OpenAI. The specific role Bubeck will undertake at OpenAI is still unclear. Microsoft expressed anticipation for maintaining a collaborative relationship, despite Bubeck's departure. This move comes amidst a series of significant departures at OpenAI, including its long-time CTO, as the company navigates a restructuring period.
Source: YAHOO
Reported about 2 months ago
Wedbush Securities has upgraded its ratings for Affirm and Upstart from Underperform to Neutral, increasing their price targets to $45 per share. Analysts Julie Hyman and Josh Lipton discuss the implications of this decision in a recent video analysis.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
A British man, James Howells, is suing a local council in Wales for the retrieval of a hard drive containing 8,000 Bitcoins, which he accidentally discarded in 2013. Initially worth around $1 million, the Bitcoins have surged in value to approximately $527 million today. Despite numerous requests to excavate the landfill where the hard drive ended up, the council has denied permission, citing environmental concerns. Howell's lawsuit seeks £495 million ($646 million) in damages and he hopes to negotiate an excavation without a prolonged legal battle.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Nvidia shares soared to a record closing high of $138.07 on October 14, 2024, fueled by positive assessments from Wall Street analysts who declared the company as a leader in the AI accelerator market. With expectations for GPU sales to some of its largest clients like Google and Microsoft doubling this year, Nvidia's stock has nearly tripled in value since the beginning of the year. The bullish outlook has also positioned Nvidia as the second-largest company by market capitalization, closing in on the top spot held by Apple.
Source: YAHOO
Reported about 2 months ago
Google has announced its backing for Kairos Power's initiative to construct small modular nuclear reactors aimed at powering its AI data centers, with plans for operational readiness by 2035. This follows Microsoft's recent collaboration with Constellation Energy to restart the Three Mile Island nuclear facility.
Source: YAHOO
Reported about 2 months ago
According to Morgan Stanley, financial stocks are significantly underappreciated by investors, positioned in the bottom 15th percentile of exposure historically. The firm cites the strength of the economy and emerging opportunities in the financial sector as reasons for an 'overweight' upgrade. Despite strong economic data, investors have favored defensive stocks, overlooking potential gains in cyclical sectors like financials, which are expected to benefit from rebounding market activity and better loan growth.
Source: YAHOO
Reported about 2 months ago
On October 14, 2024, the Dow Jones Industrial Average and the S&P 500 closed at new record highs, with the Nasdaq Composite also gaining 0.87%. The report highlights the performance of market indices, emphasizing the strength of the utilities sector and key players within the tech-focused Nasdaq 100.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
Nvidia's stock has reached a record high, rising 2.4% to over $138, as investor confidence in artificial intelligence signals a potential challenge to Apple's position as the most valuable company globally. Driven by substantial investments, strong demand for its AI chips, and positive sector trends, Nvidia's market cap now stands at $3.4 trillion, just shy of Apple's $3.5 trillion. Analysts project strong revenue growth ahead, bolstered by a predicted $33 billion earnings report in November.
Source: YAHOO
Reported about 2 months ago
The S&P 500 achieved its 46th record close of the year on Monday, with investors eager for a wave of earnings reports from more than 80 companies this week, including major players like Netflix and Goldman Sachs. The stock market saw a surge of about 1%, marking notable highs and indicating continued confidence in the two-year bull market, though Federal Reserve officials urged caution on future interest rate cuts amidst positive economic indicators.
Source: YAHOO