CashNews.co This story originally appeared in The Technology Letter and is republished here with permission. Most Read from Fast Company Shares of Intel jumped 3% Friday as The Wall Street Journal’s Lauren Thomas, Laura Cooper, and Asa Fitch reported that Qualcomm has approached Intel about acquiring it for perhaps as much as $90 billion, citing multiple unnamed sources. The […]
CashNews.co Nvidia has been a tough act to follow in recent years. The artificial intelligence (AI) chip giant has delivered triple-digit increases in earnings quarter after quarter, and the share price has followed. Nvidia stock has soared more than 2,400% over the past five years, and considering the company’s focus on innovation, this stellar performance […]
CashNews.co (Bloomberg) — The expiration of large option positions on Friday could help Nvidia Corp. shares push higher, according to analysts at Spotgamma. Most Read from Bloomberg The option specialists note that there is “a giant $2 billion worth of raw gamma at the 120 strike,” of which about half will roll off Friday. “This […]
CashNews.co We recently compiled a list of the 7 Unstoppable Artificial Intelligence (AI) Stocks To Buy Now. In this article, we are going to take a look at where NVIDIA Corp. (NASDAQ:NVDA) stands against the other unstoppable AI stocks. Is Predictive AI Taking Over GenAI? Generative AI is taking the world by storm. This groundbreaking technology […]
CashNews.co (Bloomberg) — Deflation stalking China since last year is now showing signs of spiraling, threatening to worsen the outlook for the world’s second-largest economy and raising calls for immediate policy action. Most Read from Bloomberg Data released Monday confirmed that apart from food costs, consumer price growth barely registered in large swathes of the […]
CashNews.co Although artificial intelligence (AI) has been the talk of Wall Street for much of the last two years, the euphoria surrounding companies enacting stock splits has been an equally important catalyst for the stock market in 2024. A stock split is a tool publicly traded companies have at their disposal that allows them to […]
CashNews.co US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and smaller regional lenders. Capital One (COF) and Citigroup (C) each rose 5% Thursday, followed by smaller rises in Goldman Sachs […]
CashNews.co A worker sweeps the floor at the Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
CashNews.co AI chipmakers Nvidia (NVDA) and Advanced Micro Devices (AMD) led the tech stock rally Thursday following the Federal Reserve’s sizable 50 basis point interest rate cut. Nvidia stock jumped more than 5%, while its rival Advanced Micro Devices saw shares rise as much as 7% in afternoon trading, before edging down slightly to close […]
CashNews.co The Federal Reserve signaled Wednesday it would lower interest rates two more times this year after it slashed its benchmark federal funds rate by 50 basis points to a range of 4.75%-5.0% at the conclusion of its meeting on Wednesday. Fed officials see the fed funds rate coming down to 4.4% in 2024. That […]