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 […]
CashNews.co Welcome to this week’s edition of top stock market highlights. Haidilao International Holdings (SEHK: 6862) Haidilao, or HDL, intends to expand into established foreign markets such as the US in the coming years. The hotpot specialist is working to draw in new customers as its domestic market in China suffers from weak spending. Super […]
CashNews.co Fantasy football sit-and-start advice should always be relative and league-dependent. Many starts and sits are obvious too, so we will instead focus on fringe options in this column, the ones that take real thought. Good luck with your Week 2 lineups! Start: Isaiah Likely Expect a nice bounce-back game from Mark Andrews, but he […]
CashNews.co Key Takeaways Nvidia stock was on track Friday to close out one of its best weeks all year as it rebounded from a two-week slump that erased more than 20% of the advanced chipmaker’s market value. Nvidia stock hit turbulence in recent weeks as Wall Street’s AI enthusiasm waned and its quarterly earnings report […]
CashNews.co Nvidia (NVDA) has been issued a subpoena from the US Department of Justice as part of an ongoing antitrust investigation, according to a report from Bloomberg News. The report states that officials are concerned that the AI chip giant is making it harder for buyers to switch to other suppliers and is penalizing buyers […]
CashNews.co Getty Images; Chelsea Jia Feng/BI Nvidia’s stock is flashing a sell signal, says strategist Bill Blain. Blain cites Nvidia’s high valuation and its wealthy employees as reasons to bail. He says the run-up in the chip maker’s stock marks the peak of a decadeslong market cycle. Nvidia’s stock is flashing a big “sell” sign […]
CashNews.co Nvidia (NASDAQ: NVDA) stock posted big gains in Wednesday’s trading. The artificial intelligence (AI) leader’s share price closed out the daily session up 8%, according to data from S&P Global Market Intelligence. Nvidia stock gained ground in conjunction with a report from Semafor that the U.S. was considering lifting restrictions on the sale of […]
CashNews.co Ally Financial (ALLY) stock sinks after CFO Russ Hutchinson pointed to credit conditions that have “intensified” for borrowers when speaking at the 22nd Annual Barclays Global Financial Services Conference on Tuesday. Market Domination anchors Julie Hyman and Josh Lipton break down Hutchinson’s comments and what they spell out about the broader banking industry. For […]
CashNews.co Semiconductor stocks rallied in Wednesday’s trading session after Nvidia (NVDA) CEO Jensen Huang highlighted “great” demand for AI chips. KeyBanc Capital Markets equity research analyst John Vinh joins Morning Brief to discuss the state of the overall AI race and some of the key players in the sector. After Nvidia rose 8% intraday, Vinh […]
CashNews.co Shares of Nvidia (NVDA) closed nearly 8% higher in Wednesday’s trading session after CEO Jensen Huang touted extraordinary demand for AI chips at the Goldman Sachs Communacopia and Technology Conference. Huang particularly noted that the chip demand is “intense” and that “everybody is counting on us.” Morning Brief Hosts Seana Smith and Brad Smith […]