CashNews.co (Bloomberg) — Treasury yields tumbled as data showing a slowdown in the US labor market boosted Wall Street’s bets on Federal Reserve rate cuts. Stocks fell as Nvidia Corp. extended its two-day selloff to 11%. Most Read from Bloomberg Just a few days ahead of the payrolls report, a reading on job openings known […]
CashNews.co Chip manufacturing giant Nvidia (NVDA) has joined as an investor in Applied Digital’s (APLD) latest funding round, which has raised $160 million. The data center operator aims to build a business centered on leasing out computing capabilities tailored for AI applications. Morning Brief co-hosts Brad Smith and Madison Mills breaks down the details. For […]
CashNews.co With Simplified Capital Structure and a Clear Path Forward, North America’s Leading Audio Entertainment Company is Well-Positioned to Continue its Transformation SiriusXM Updates Free Cash Flow Guidance to Reflect the Impact of the Closing of the Liberty Media Transaction Company Confirms Quarterly Dividend and Announces $1.166 Billion Stock Repurchase Authorization NEW YORK, Sept. 10, […]
CashNews.co While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market […]
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 […]