The Dow Jones Industrial Average dropped 225 points Friday as Wall Street awaited inflation survey data and consumer confidence numbers. Artificial intelligence leader Adobe (ADBE) bucked the tide, however, as its shares soared on the stock market today after the company’s earnings results. X After the opening bell, the Dow Jones industrials dropped 0.6%, or […]
Dow Jones futures fell early Friday, along with S&P 500 futures and Nasdaq futures. Tesla (TSLA) shareholders approved a massive pay deal for Elon Musk, who teased future EVs. Meanwhile Adobe (ADBE) soared on earnings. X The stock market rally showed mixed action Thursday despite another tame inflation report. The Nasdaq set a fresh all-time high […]
By Arsheeya Bajwa (Reuters) – Broadcom surged about 15% on Thursday as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology, while its announcement of a stock split added to the euphoria. The rising adoption of generative AI has been driving demand for companies such as Broadcom that provide chips […]
Apple, Nvidia Secure Future with Taiwan Semi’s Advanced Chips as AI Demand Soars Apple Inc (NASDAQ:AAPL), Qualcomm Inc (NASDAQ:QCOM), Nvidia Corp (NASDAQ:NVDA), and Advanced Micro Devices, Inc (NASDAQ:AMD) have almost fully booked Taiwan Semiconductor Manufacturing Company Ltd’s (NYSE:TSM) 3nm chip production process until 2026, reflecting the artificial intelligence frenzy. This demand spike reflects the rapid […]
By Arsheeya Bajwa (Reuters) – Broadcom surged more than 13% on Thursday as its upbeat annual forecast highlighted an insatiable demand for chips used in powering AI-focused technology, while its announcement of a stock split added to the euphoria. The rising adoption of generative AI has been driving demand for companies such as Broadcom that […]
Broadcom (NASDAQ:AVGO) Q1: Beats On Revenue, Stock Soars Fabless chip and software maker Broadcom (NASDAQ:AVGO) reported Q1 CY2024 results topping analysts’ expectations , with revenue up 43% year on year to $12.49 billion. The company’s full-year revenue guidance of $51 billion at the midpoint also came in 1.4% above analysts’ estimates. It made a non-GAAP […]
GE Aerospace (GE) has soared in 2024 amid its conversion to a pure-play aerospace company. Meanwhile, many airlines are facing delays from production and quality control issues, which is giving GE Aerospace’s aftermarket business a boost. Is GE stock a buy? X GE Aerospace — Stand-alone ‘Crown Jewel’ The aerospace and defense pure-play company emerged […]
Shares of CrowdStrike (NASDAQ: CRWD) surged after the cybersecurity company reported strong fiscal first-quarter earnings. The stock has now more than doubled over the past year and is up around 900% the past five years. Let’s take a closer look at the company’s most recent results and whether it’s too late to buy the stock. […]
Dogecoin (CRYPTO: DOGE) went through some wild swings over the past three years. The cryptocurrency was launched in 2013 as a parody of Bitcoin (CRYPTO: BTC) named after the Shiba Inu dog meme. It was only worth $0.01 at the beginning of 2021, but by May 8 of that year, it had soared to a […]
The Nasdaq-100 index is up 10% so far in 2024, and that’s not surprising since it has benefited from the solid growth reported by its major constituents, which are benefiting from the increasing demand for artificial intelligence (AI) and cloud computing. The good part is that the Nasdaq-100 could keep heading higher as the year […]
The unemployment rate in the Gaza Strip has soared to nearly 80 percent amid the Israel-Hamas war that has been raging since October, according to a United Nations labor agency report released Friday. The war has caused a massive amount of job loss, bringing the unemployment rate in Gaza to 79.1 percent, according to the […]
It’s 2021 all over again as shares of video retailer GameStop (GME) soared Thursday after influential retail trader Keith Gill, better known under his Roaring Kitty or DeepF–kingValue aliases, provided an update on his massive bet on the embattled stock. According to a screenshot posted on Reddit, Gill’s stock and options position is now worth […]