The S&P 500 and Nasdaq Composite have both posted returns of roughly 10% so far in 2024. One of the biggest catalysts driving these returns is artificial intelligence (AI). While this might make the technology sector particularly tempting, smart investors know that not all opportunities are equal. One stock that got ahead of itself amid […]
We recently learned that spatial technology company Matterport (NASDAQ: MTTR), which provides the space-mapping technology used for 3D home tours and many other applications, has agreed to be acquired by real estate giant CoStar (NASDAQ: CSGP). The terms of the deal were quite favorable for Matterport investors. CoStar values the company at $5.50 per share, […]
By Eduardo Baptista, Fanny Potkin and Max A. Cherney BEIJING/SINGAPORE (Reuters) – Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence chips through resellers, despite the U.S. widening a ban last year on the sale of such technology to China. A Reuters review of hundreds of tender documents shows 10 Chinese entities acquired […]
Apple Inc. (NASDAQ:APPL) recently acquired DarwinAI, an artificial intelligence (AI) visual quality assurance startup that provides an end-to-end solution for improving product quality while increasing production efficiency. Founded in 2017 by Alexander Wong, Canada’s research chair in AI, DarwinAI has garnered significant attention, raising over $17 million from investors including Honeywell Ventures and BDC Venture […]
Viking Therapeutics (NASDAQ: VKTX) has been one of the hottest healthcare stocks of 2024. Shares of the company have risen by 285% thus far, and that’s even factoring in a recent pullback in price. Investors have become excited about the company’s long-term prospects, as it has a promising weight-loss drug in its portfolio. And in […]
US Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialisation, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The deal’s announcement comes several months after US Steel rejected a $7.3 […]
US Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialisation, is being acquired by Nippon Steel in an all-cash deal valued at approximately 14.1 billion dollars (£11.1 billion). The transaction is worth about 14.9 billion dollars (£11.9 billion) when including the assumption of debt. The deal’s announcement comes several months […]