CashNews.co Nvidia’s (NVDA) stock has stumbled as investors grow concerned the AI demand hype may be slowing. Goldman Sachs lead analyst Toshiya Hari is still bullish on the stock for a couple of reasons. First, he says, “Demand for accelerated computing continues to be really strong,” adding that it’s more than hyperscalers looking to buy […]
CashNews.co Semiconductor company Nvidia (NASDAQ: NVDA) dominates the market for artificial intelligence (AI) chips. In fact, analysts estimate its graphics processing units account for up to 95% of AI chip sales. But history is full of cautionary tales about the downfall of dominant brands that failed to maintain their technological leadership. IBM was once a […]
CashNews.co Following the release of the August Consumer Price Index (CPI) report, IG North America CEO JJ Kinahan joins Brad Smith and Seana Smith on the Morning Brief to provide some perspective on retail investors’ tech trades ahead of any potential interest rate cuts. “We have seen Nvidia (NVDA) come into some troubles recently, but […]
CashNews.co What is Nvidia (NVDA) CEO Jensen Huang’s biggest worry? “We have a lot of people on our shoulders, and everybody is counting on us,” Huang said when asked that question by Goldman Sachs CEO David Solomon at the Goldman Sachs Communacopia and Technology Conference. “Demand is so great that delivery of our components, our […]
CashNews.co (Bloomberg) — A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session that had Wall Street traders digesting faster-than-anticipated inflation data. Most Read from Bloomberg It was the first time since October 2022 that the S&P 500 and Nasdaq 100 each erased an intraday loss of at least […]
CashNews.co It’s no secret that Intel (NASDAQ: INTC) has been struggling. The stock is down more than 60% year to date and has been the worst performer in the Dow Jones Industrial Average this year. The company was once the largest chipmaker in the world, dominating the personal computer (PC) space. That helped it become […]
CashNews.co We’ve gotten used to Nvidia (NASDAQ: NVDA) reaching “firsts” or records — the company repeatedly has launched the world’s fastest artificial intelligence (AI) chip yet and reported its highest quarterly revenue ever. Nvidia’s standout moments have been very positive. But in recent days, the situation hasn’t been as bright. As the general market tumbled, […]
CashNews.co (Bloomberg) — The US is laying the groundwork for new sanctions on Venezuelan government officials in response to Nicolás Maduro’s disputed reelection in July. Most Read from Bloomberg The Treasury Department is close to announcing 15 individual sanctions on Maduro-affiliated officials who it claims “obstructed the holding of free and fair presidential elections,” according […]
CashNews.co (Bloomberg) — Focus Financial Partners Inc. priced a combined $4.35 billion of leveraged loans and junk bonds Tuesday, a month after postponing a planned loan deal due to early August’s global market tumult. Most Read from Bloomberg The structure of the financing was revised Tuesday, with planned loans cut by $300 million to $3.35 […]
CashNews.co The brutal selloff in AI-chip stock Nvidia offers investors an attractive entry point, Goldman Sachs argued on Monday. Founder and CEO Jensen Huang has seen his company lose 17% of its market cap since issuing muted third-quarter guidance that sparked concerns its rapid earnings growth may not be sustainable. Only a handful of companies […]