CashNews.co The post-earnings slide in Nvidia (NVDA) continues. Shares of the AI chip darling plunged 9% in Tuesday’s trading session as fears about slowing US economic growth resurfaced. The company shed $279 billion in market cap, the biggest one-day market cap drop for a US stock in history. The stock looks to be poised for […]
CashNews.co By Max A. Cherney (Reuters) -Nvidia did not receive a U.S. Justice Department subpoena, a spokesperson said in a statement on Wednesday. “We have inquired with the U.S. Department of Justice and have not been subpoenaed. Nonetheless, we are happy to answer any questions regulators may have about our business.” Bloomberg News reported on […]
CashNews.co We recently compiled a list of the Goldman Sachs’ Best Hedge Fund Stock Picks: Top 20 Stocks. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against Goldman Sachs’ other hedge fund stock picks. The close of August has marked a highly awaited paradigm shift on Wall Street […]
CashNews.co (Reuters) -The U.S. Department of Justice has sent a subpoena to Nvidia as it deepens its probe into the AI heavyweight’s antitrust practices, Bloomberg News reported on Tuesday, citing people familiar with the investigation. The antitrust watchdog had previously delivered questionnaires, and has now sent legally binding requests to Nvidia, the report said, adding […]
CashNews.co By Sinéad Carew and Tom Wilson NEW YORK/ LONDON (Reuters) -MSCI’s global equities gauge and oil prices fell on Wednesday while safe-haven assets Treasuries and Japan’s yen were in demand as mixed batch of economic data drove concerns about slowing growth. Crude oil futures settled lower for the third day in a row, including […]
CashNews.co (Bloomberg) — The sharp selloff that wiped a record $279 billion off Nvidia (NVDA) Corp.’s market value on Tuesday has traders scouring charts for clues as to where the pain might end. Most Read from Bloomberg For Jay Woods, chief global strategist at Freedom Capital Markets, $100 per share is a key level to […]
CashNews.co As markets await Nvidia’s (NVDA) earnings after the bell, attention is focused on the semiconductor sector. However, investors are also seeking opportunities beyond this powerhouse. Defiance ETFs CEO & CIO Sylvia Jablonski joins Catalysts to discuss why she believes Broadcom (AVGO) is a promising stock in the chip space. Jablonski describes Broadcom as a […]
CashNews.co Nvidia (NVDA) released its second quarter earnings report which beat expectations on the top and bottom line, with a forecast for the current quarter that also beat expectations. The chip giant reported adjusted earnings of $0.68 per share compared to the expected $0.64. Revenue was $30.0 billion versus an estimated $28.86 billion. In addition, […]
CashNews.co Michael M. Santiago/Getty, Tyler Le/BI Nvidia is on track to hit a $10 trillion valuation, analyst Beth Kindig says. Kindig is forecasting strong growth and “fireworks” for the stock after its Blackwell launch. Jensen Huang assured investors on Nvidia’s next-gen AI chip, promising “billions” in revenue. Nvidia is on track to more than triple […]
CashNews.co Nvidia (NASDAQ: NVDA) stock started off September not with a bang but with a whimper. Late last week, the company reported the results of its fiscal 2025 second quarter (ended July 28), and while the results were better than expected, they weren’t as robust as some investors had hoped. The stock was under pressure […]