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Nvidia 's valuation has gone through the roof in 2023 thanks to a huge rally in the company's stock price. Shares of the chipmaker have shot up roughly 230% so far this year, driven primarily by the artificial intelligence (AI) arms race that has led to booming demand for its data center graphics cards that are being deployed for training AI models.
International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. The sale includes The Weather Company’s consumer-focused assets such as Weather.com and Storm Radar, as well as enterprise offerings for industries including media and aviation.
For the past 58 years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been running circles around Wall Street. He's overseen a greater-than 4,300,000% aggregate gain in his company's class A shares (BRK.A), as of the closing bell on Aug. 18, 2023, and has doubled-up the broad-based S&P 500 (as of Dec. 31, 2022), based on annualized total return, since becoming CEO.
What happened Shares of electric and fuel-cell-powered truck company Nikola (NASDAQ: NKLA) soared 11% through 12:15 p.m. ET this afternoon after Barron's reported that the California State Teachers' Retirement System (CalSTRS, the second-largest pension fund in the U.S.) has increased its investment in the EV company. So what In the second quarter of 2023, CalSTRS added 221,367 Nikola shares to its holdings, a 52% increase that brings its total investment in the EV maker to 641,827 shares.
What happened Shares of VinFast Auto (NASDAQ: VFS) are jumping yet again today. After a spike of nearly 30% Friday morning, the Vietnamese electric vehicle (EV) maker's stock was still higher by 17.5% as of 10:55 a.m. ET. After going public through a combination with a special purpose acquisition company (SPAC) last week, today's move has helped the newly public stock nearly quadruple just this week.
Fool.com contributor Parkev Tatevosian discusses the market opportunity for Plug Power 's (NASDAQ: PLUG) products in this short video. *Stock prices used were the afternoon prices of Aug. 22, 2023. The video was published on Aug. 24, 2023. 10 stocks we like better than Plug Power When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* They just revealed what they believe are the t
The stock market seems uncertain right now. Some stocks experienced continued declines even after a massive sell-off in the 2022 bear market. Others recovered significantly in the first half of the year but reversed course in July and August as their financials failed to meet investor expectations. Such times leave investors questioning the growth potential of many stocks.
Since Social Security is likely to provide a big chunk of your retirement income -- it provides around 30% of the income of the retirees, on average -- it's worth learning how to make the most of it. One key thing to know is your break-even age, which can help you decide when to claim your benefits. Here's a look at the break-even age and how to calculate yours.
Since Social Security is likely to provide a big chunk of your retirement income -- it provides around 30% of the income of the retirees, on average -- it's worth learning how to make the most of it. One key thing to know is your break-even age, which can help you decide when to claim your benefits. Here's a look at the break-even age and how to calculate yours.
There is a myriad of investing strategies that can pay off on Wall Street. Buying dividend stocks tends to be one of the more successful ways to build wealth. Companies that regularly dole out a dividend to their shareholders tend to be profitable on a recurring basis, are time-tested, and can provide investors with transparent long-term growth outlooks.
If you're investing in the automotive industry, you likely already know how important full-size trucks are to Detroit automakers such as Ford Motor Company (NYSE: F). The F-Series has been its bread-and-butter for many decades, but Ford's most important vehicle going forward will likely be a different version. Is Ford's recent move to slash prices of the F-150 Lightning, the electric truck version of its predecessor, a sign of struggles, or will it spark sales of its incredibly important electri
Stock markets moved higher on Friday as comments from Fed Chair Jerome Powell briefly brought major market indexes down from their highs but didn't put a stop to the rally. Excitement about the prospects for technology and other innovative sectors of the economy remained pervasive heading into the weekend. Moreover, there were signs of rising levels of fear about missing out on opportunities for quick profits, such as the 38% jump in shares of VinFast Auto (NASDAQ: VFS) as of 1 p.m.
When Nvidia (NASDAQ: NVDA) reported its financial results three months ago, it set a high bar for growth. For its fiscal 2024 second quarter (ended July 30), management forecasted revenue of $11 billion, up 64% year over year and 53% quarter over quarter. The driving force behind those robust estimates was the strong and accelerating adoption of artificial intelligence (AI).
Although Upstart (NASDAQ: UPST) stock is down 55% since the start of August, it has still soared 147% in 2023 (as of Aug. 23). That gain easily outpaces the Nasdaq Composite Index by an incredibly wide margin, likely driven by greater investor interest in businesses with exposure to artificial intelligence (AI). When reporting its latest financial results, the fintech company provided weaker-than-expected guidance for the third quarter, helping drive shares lower.
Recursion Pharmaceuticals (NASDAQ: RXRX) and 23andMe (NASDAQ: ME) are both popular biotech stocks that are wooing investors with their claims about using artificial intelligence (AI) to supercharge the drug development process. But over the last three years, share prices of Recursion have lost 72% of their value, whereas 23andMe's stock is down 89%.
The stock market clocked a number of impressive days lately, with many stocks that have been beaten down heavily over the last year raking in gains for patient investors. At the end of the day, investing is a journey, and most of us won't experience life-changing returns overnight. But if you stay invested in wonderful businesses, share prices tend to follow those companies upward with time.
Three months ago, Nvidia (NASDAQ: NVDA) delivered what one analyst called "guidance for the ages." The graphics processing unit (GPU) maker projected that its second-quarter revenue would be in the ballpark of $11 billion. Nvidia faced lofty expectations as the company reported its Q2 results after the market closed on Wednesday. And it didn't disappoint.
Chip-giant Intel (NASDAQ: INTC) is dead set on reclaiming its manufacturing edge over foundry leader TSMC. The company's manufacturing roadmap includes launching five nodes in a four-year span. Intel's Meteor Lake PC chips, set to launch this year, will use the Intel 4 process, the second process node in the plan. The final node, called Intel 18A, should be ready by the end of 2024.
The stock market is one of the simplest and most effective tools for building wealth that lasts a lifetime, but there are many misconceptions when it comes to investing. Many people believe, for example, that you need to be wealthy to make a lot of money in the stock market or you must be a finance guru to build a solid portfolio. While those factors certainly don't hurt, they're not necessary to generate long-term wealth.
Nvidia has been dominating conversations in 2023 as it is the engine powering generative AI, a new breakthrough in computing that many believe will unlock productivity (and thus profitability) for businesses that embrace it. But Nvidia isn't alone in this pioneering work. In fact, it just jointly announced a strategic partnership with VMware (NYSE: VMW) launching the VMware Private AI Foundation "to ready the hundreds of thousands of enterprises that run on VMware's cloud infrastructure for the
Image source: Getty Images Retirement can be an expensive time of life, especially if you want to enjoy traveling around the world or if you have costly healthcare expenses to pay as a senior and don't want to end up in credit card debt. It's important to make sure you have enough money to do all the things that you want to do during your later years.
What happened There's no stopping VinFast Auto (NASDAQ: VFS) stock. After more than doubling in just the first three days of this week, the electric vehicle (EV) stock , which debuted in the U.S. last week, was up another 53% at 10 a.m. ET this morning. Today's jaw-dropping rally means VinFast stock is already up more than 200% so far this week. So what As per the latest media reports, South Korea's Star Group Industrial is reportedly planning a factory in Vietnam.
Wireless carriers added postpaid phone customers at a blistering rate during the pandemic year of 2021. T-Mobile (NASDAQ: TMUS) added 2.9 million postpaid phone customers, a 32% increase over the prior year, while AT&T fared even better, with 3.2 million postpaid phone net adds. Verizon struggled in comparison but still added customers over the course of the year.
Warren Buffett once quipped that it would be wise for investors to be fearful when others are greedy, and greedy when others are fearful. As the automotive industry is on the cusp of major evolution with autonomous driving vehicles, vehicles as a service, and the transition to electric vehicles, what does Buffett dumping 45% of Berkshire Hathaway 's holdings of General Motors (NYSE: GM) mean?
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Palantir wants to give its clients a panopticon for their workforce. The company filed a patent application for a system for optimized calculation of " member activity metrics " -- members meaning employees, in this case.
What happened Shares of chipmaker Advanced Micro Devices (NASDAQ: AMD) were plunging in Thursday trading, down as much as 7.8% before bouncing to a 7.4% decline as of 2 p.m. ET. It appears as though today was a "sell the news" event following the stock's run-up ahead of the Nvidia earnings release yesterday, and ahead of Federal Reserve Chair Jay Powell's speech tomorrow in Jackson Hole.
There are a select few stocks that can be prudently owned for decades. These exceptional companies are built to last -- and they excel at delivering wealth-building gains to their shareowners over many years. Here are two stocks that have earned a place on this elite list. 1. Berkshire Hathaway Few businesses are built to withstand the test of time as well as Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).
Novo Nordisk 's (NYSE: NVO) molecule semaglutide is the active ingredient in its smash-hit therapies for weight loss and diabetes, which you've probably heard of under the trade names Wegovy and Ozempic. With its share prices up by 79% in the last 12 months alone thanks to sales of those semaglutide drugs, the company is being forced to actively limit its own marketing efforts in an attempt to buy time to scale up its manufacturing capabilities to meet the incredible demand.
CEO Cathie Wood's Ark Invest firm continues to trim its holdings in Shopify (NYSE: SHOP). The company regularly publishes updates on holdings in its exchange-traded funds (ETFs), and its latest update showed that it sold 48,313 shares of the e-commerce services stock for its ARK Next Generation Internet ETF (NYSEMKT: ARKW) and 120,022 shares of the stock from its Ark Fintech Innovation ETF (NYSEMKT: ARKF) on Aug. 21.
The stock market has been in recovery mode so far in 2023 after being hammered badly last year over concerns about surging inflation and the resulting rise interest rates. The S&P 500 index is up 24% since hitting its most recent low on Oct. 12, 2022, and some on Wall Street are suggesting that a new bull market is underway. The stock market's jump this year has been mostly driven by technology stocks , which benefited from the growing craze around artificial intelligence (AI).
Shares of Applied Materials (NASDAQ: AMAT) have been on a tear this year and are approaching all-time highs last reached in late 2021. Investors have been drawn in by the company's winning strategy of steady growth even in a down year for the critical semiconductor-manufacturing equipment niche of the chip market. A big dividend increase announced earlier this year doesn't hurt either.
Shares of CVS Health (NYSE: CVS) have nosedived 28% so far in 2023. The company's business performance has disappointed this year with the bottom line falling by a whopping 37% in the most recent quarter. There was also the recent news that Blue Shield of California would be using other pharmacy benefits managers, limiting its exposure to CVS. In light of these developments, is the healthcare company in trouble?
According to data from Grand View Research, the world's most popular cryptocurrency, Bitcoin , is projected to have a compound annual growth rate (CAGR) of 27% through 2030. Meanwhile, the artificial intelligence (AI) market is expected to have a CAGR of 36% in the same period. While other crypto options might offer more growth, it's hard to justify passing up the reliability of the tech market for the potential volatility that has become commonplace among cryptocurrencies.
Fool.com contributor Parkev Tatevosian evaluates PayPal 's (NASDAQ: PYPL) prospects over the next decade. *Stock prices used were the afternoon prices of Aug. 22, 2023. The video was published on Aug. 24, 2023. 10 stocks we like better than PayPal When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* They just revealed what they believe are the ten best stocks for investors to b
Social Security is facing some serious financial challenges. In the coming years, the program expects to owe more money in scheduled benefits than it collects in revenue as baby boomers exit the labor force in short order. The problem is that the program's primary revenue source is payroll taxes. But a shrinking workforce means that income stream is looking less robust.
Image source: Getty Images Camping should be an inexpensive way to see the world, but by the time you buy all the gear you need, you may feel as if you've emptied your checking account. The good news is, you can score some great bargains for your camping needs -- whether you use a tent or an RV -- if you shop at Dollar Tree. Here are three awesome items to check out that you'll want to pick up at a bargain price before you hit the road for your next adventure. 1.
Social Security benefits can go a long way in retirement, especially if your savings are falling short. The median retirement account balance among U.S. adults is only around $27,000, according to Vanguard's "How America Saves 2023" report. Without a robust nest egg, many retirees will find themselves relying heavily on their benefits just to make ends meet.
It would be easy to presume one of these retailing giants is just as good of a pick as another. After all, a cursory glance suggests they're selling the same basic goods to the same consumers, right? The three just take slightly different approaches to doing so. But the retailing business isn't quite as simple as it seems on the surface. Walmart (NYSE: WMT) , Target (NYSE: TGT) , and Costco Wholesale (NASDAQ: COST) are all different enough in how they operate, and one of them is a better bet in
Which sector is the best to find excellent dividend stocks? That's a tricky question, but the technology sector is usually not the first that comes to investors' minds when considering dividends. However, that doesn't mean it's impossible to find corporations that will appeal to income-seekers among the dozens of technology companies on the market. Here are two that deserve serious consideration for long-term investors: Apple (NASDAQ: AAPL) and eBay (NASDAQ: EBAY). 1.
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