CashNews.co Undoubtedly, Nvidia (NASDAQ: NVDA) has already seen its stock soar. As the chipmaker became the face of the artificial intelligence (AI) revolution, its share price rose, and it’s now up by more than 600% since the beginning of 2023. Yet that wasn’t the first time the company’s market cap multiplied in a relatively short […]
CashNews.co Consultancy PwC estimates artificial intelligence (AI) will contribute more than $15 trillion to the global economy by 2030. Investors hoping to benefit are piling into AI stocks, and Nvidia (NASDAQ: NVDA) and Palantir Technologies (NYSE: PLTR) have been two of the most popular choices. In the last two years, Nvidia shares surged 728%, and […]
CashNews.co Alexander Mattison could provide some fantasy football juice in Week 2. (Photo by Michael Owens/Getty Images) Last week’s sleeper page was a no-show, which isn’t a big surprise. Week 1 is the most unpredictable slate of the year, and it’s also a week where most fantasy managers play the hits and start their signature […]
CashNews.co US stocks jumped on Thursday as investors weighed fresh inflation and labor data against high-running expectations for a quarter-point interest-rate cut next week. The S&P 500 (^GSPC) rose 0.7% to close out its fourth consecutive winning session. The Nasdaq Composite (^IXIC) jumped around 1%, also in its fourth straight positive day, as it added […]
CashNews.co Nvidia (NVDA) lost over $278 billion in its market cap from the latest sell-off on Wall Street as the company gets hit with concerns from the US Department of Justice and more. Moor Insights & Strategy Founder, CEO & Chief Analyst Patrick Moorhead joins Morning Brief to discuss Nvidia’s recent performance and what challenges […]
CashNews.co If you look up “artificial intelligence” (AI) in the dictionary, you might just see a picture of the NvidiaĀ logo. I’m obviously kidding, but there’s no denying that this business has been the clear poster child of this revolutionary technological trend. This AI infrastructure company has been a monster winner. Shares have catapulted 2,560% higher […]
CashNews.co (Reuters) -Lyft will stop offering standalone dockless bikes and scooters and eliminate some jobs as part of a restructuring to cut costs, the ride-share service provider said on Wednesday. The company, which operates the Citibike service in New York City and similar rental programs in other U.S. cities, had in July 2023 said it […]
CashNews.co Nvidia (NVDA), once a leader in chip stocks and tech rallies, has been hit by another sell-off on Tuesday, erasing $278 billion in market cap. Tuesday’s sell-off was the worst single-day decline for a US company ever. The sell-off is continuing Wednesday morning as the tech sector (XLK) leads losses in the morning. Read […]
CashNews.co AndreyKrav/iStock, Michael M. Santiago/Getty, Tyler Le/BI Nvidia’s stock rally has another 12-18 months left to go, according to S&P Global’s Andrew Chang. The stock has at least another year of “strong runaway” amid big demand for its chips, Chang said. He aired concerns over AI investment pulling back in future quarters, which could impact […]
CashNews.co Since the advent of the internet in the mid-1990s, investors have pretty much always had a next-big-thing innovation, technology, or trend to captivate their attention. However, no addressable market has seemingly loomed larger since the arrival of the internet than the current rise of artificial intelligence (AI). What makes AI so special is the […]