CashNews.co By Arasu Kannagi Basil (Reuters) -Ally Financial’s credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender’s finance chief said on Tuesday. Shares of the company fell as much as 19.3%, set for their worst day since March 2020, if losses hold. Consumers have been cutting back […]
CashNews.co Zscaler, Inc. Fourth Quarter Highlights Revenue grows 30% year-over-year to $592.9 million Calculated billings grows 27% year-over-year to $910.8 million Deferred revenue grows 32% year-over-year to $1,895.0 million GAAP net loss of $14.9 million compared to GAAP net loss of $30.7 million on a year-over-year basis Non-GAAP net income of $140.6 million compared to non-GAAP […]
CashNews.co Demand for artificial intelligence (AI) technologies has been rising like never before. Companies across industries are developing and adopting cutting-edge AI technologies and integrating them into their core offerings, to improve productivity and enhance cost efficiencies. Considering its transformative potential, it is not surprising that AI has also emerged as a major investment trend […]
CashNews.co Key Insights Using the 2 Stage Free Cash Flow to Equity, NVIDIA fair value estimate is US$95.76 With US$103 share price, NVIDIA appears to be trading close to its estimated fair value Analyst price target for NVDA is US$149, which is 55% above our fair value estimate Does the September share price for NVIDIA […]
CashNews.co This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: For the better part of 18 months, the stock market rally has been defined by the rise of artificial intelligence and its impact on a few large tech stocks. But an increasing […]
CashNews.co (Bloomberg) — Nervous Nvidia Corp. investors are eager for an update on its Blackwell chip rollout — hoping for a catalyst to halt the stock’s recent decline. Most Read from Bloomberg The next-generation processor was unveiled six months ago, but has faced engineering snags that delayed its release. While Chief Executive Officer Jensen Huang […]
CashNews.co Nvidia (NVDA) shares remain under pressure as, according to a Bloomberg report, the Department of Justice sent Nvidia a subpoena over possible antitrust violations. Moor Insights & Strategy Founder, CEO and Chief Analyst Patrick Moorhead joins Morning Brief to give insight into Nvidia’s recent performance, its potential legal troubles, and how the company can […]
CashNews.co It can be hard to find good dividend yield stocks when the broader market is hovering near all-time highs, and the S&P 500′s yield is a scant 1.2%. But don’t give up — just look harder. If you do, you’ll find gems like Bank of Nova Scotia (NYSE: BNS), with a yield of 6.2%; […]
CashNews.co All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes. Monday Night Football is back with a must-watch matchup! The New York Jets face the San Francisco 49ers for MNF‘s […]
CashNews.co We recently compiled a list of the 7 Best Big Company Stocks to Buy Now. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other big company stocks. Mega-cap stocks—major technology companies to be precise—continued to drive a disproportionate share of the total US stock market returns. […]