After losing more than 90% of its value from a peak back in 2021, Novavax (NASDAQ: NVAX) stock has finally taken off. The biotech soared 190% in two trading sessions after announcing a $1.2 billion vaccine-licensing deal with French pharmaceutical giant Sanofi. The agreement removed one huge worry that’s been weighing on the stock: Novavax’s […]
Ken Griffin founded Citadel in 1990. It’s now the most successful hedge fund ever. Through Citadel, Griffin built a personal fortune of $37 billion. Citadel’s portfolio is loaded with artificial intelligence (AI) stocks these days, with more than half a dozen of them in its top 50 holdings. There’s one, though, that Griffin appears to […]
The rally that sent stocks soaring 24% in 2023 isn’t over just yet. Year to date, the benchmark S&P 500 has gained another 9.9% as Mar. 21. Wall Street has been enthusiastic about the prospect that interest rates could start declining soon, while the U.S. economy remains in growth mode. Many stocks have benefited disproportionately […]
Finding stocks that can triple in two years is hard enough. Finding those that can do so in a mere two months is that much more impressive. That’s precisely what Viking Therapeutics (NASDAQ: VKTX) and Janux Therapeutics (NASDAQ: JANX) have accomplished since the year started — and then some. Both companies’ shares have soared by […]
I am a value investor. That means two things: First and most obviously, I like stocks that sell for reasonable prices relative to their growth prospects. And second, I’m extremely suspicious of buying into hot growth stocks that are “going up” a lot — stocks like Intuitive Machines (NASDAQ: LUNR). Why Intuitive Machines stock is […]
[Source] The number of North Korean defectors entering South Korea experienced a substantial surge in 2023, nearly tripling compared to the previous two years. Significant rise in defections: Government data from Seoul’s Unification Ministry revealed that 196 North Korean defectors arrived in South Korea last year, reported Yonhap News. The total number marked a nearly […]
Nvidia CEO Jensen Huang will deliver second quarter earnings on Wednesday as demand for processors driving the generative AI era booms.Kim Kulish/Corbis/Getty Images Nvidia stock will keep going up, Bernstein’s Stacy Rasgon told CNBC. The stock is cheaper than other semiconductor firms given its massive earnings. Apart from AI growth, the company will also get […]
President Volodymyr Zelenskyy said that about 300,000 workers are currently involved in the defence sector, so there are now significantly more Ukrainian-made weapons. Source: Zelenskyy at a meeting with defence industry workers Quote from the President: “Ukraine’s task is as clear as possible: we must make our state so strong and effective that Russia feels […]
Seen as an also-ran chip player throughout 2022 and the first half of 2023, Intel (INTC) has suddenly programmed itself back into the good graces of Mr. Market. Intel’s stock is up 13% in December compared to a 4.5% gain for the S&P 500, according to Yahoo Finance data. The company’s chief rival Nvidia (NVDA) […]