By Zaheer Kachwala (Reuters) – Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value […]
(Reuters) – Meme stock GameStop soared nearly 25% in pre-market trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally earlier this month. GameStop surged as much as nearly six times its value in the first two weeks of May, partly fueled […]
Exact Sciences (EXAS) stock tumbled late Wednesday after the Cologuard maker reported wide March-quarter losses, though sales came in ahead of expectations. X Cologuard is a means of screening for colon cancer using stool collection at home. Exact Sciences says it’s an easier and speedier option than colonoscopies, given the backlog in the U.S. health […]
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AMD’s (AMD) latest round of quarterly results reminded investors that not all chipmakers are going to see Nvidia-like growth amid the artificial intelligence boom. The chipmaker reported it expects current quarter revenue in a range of $5.4 billion to $6 billion, in line with Wall Street’s estimates for $5.7 billion. But shares fell more than […]
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Yuichiro Chino/Getty Images Super Micro Computer stock crashed 23% on Friday after the company announced the date of its Q3 earnings. Wall Street seemed disappointed that Super Micro Computer did not preannounce earnings like it did last year. The sharp decline dragged down AI darling Nvidia, which plunged about 10%. Super Micro Computer stock crashed […]
If you take a walk through the corridors of Capitol Hill, you’re likely to bump into a few millionaires along the way. More than half of the members of Congress have net worths over $1 million. As you might expect, many representatives and senators are active investors. Senate Minority Leader Mitch McConnell is one of […]
In the three years since the Jan. 6 Capitol riot, more than 1,300 participants have been charged with crimes. But outside a few of the flashiest and most memorable characters from the day, most individual prosecutions have passed with little public note. Last Monday, however, the news of one arrest was met with more outrage: […]
To keep himself healthy into his eighth decade, David Sandler recently decided to go beyond his regular workouts and try something experimental: taking rapamycin, an unproven but increasingly popular drug to promote longevity. The medication has gained a large following thanks to longevity researchers and celebrity doctors who, citing animal studies, contend that rapamycin could […]
Rivian blew the roof off during its initial public offering of stock in 2021, ending its first day of trading valued at nearly $88 billion. But now its shares are struggling. (Ann-Sophie Fjello-Jensen / Associated Press) Rivian Automotive Inc. emerged as a darling of investors — a brand with promise of bringing the “cool” factor […]
As the Iowa caucuses draw near, Gov. Ron DeSantis of Florida has increasingly focused on a peculiar target as he looks to win the Republican nomination: the conservative news media ecosystem that supports former President Donald Trump. Desperate to make his case that he is a better candidate than Trump — while trailing by wide […]