Shares of Shopify (NYSE: SHOP) were getting torched today after the high-priced e-commerce stock posted solid results in the first quarter, beating estimates, but investors balked at its outlook for the second quarter. As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday. Image source: Getty Images. Shopify comes up […]
Wednesday is turning into a bad day to own semiconductor stocks — and China is the reason. Late last night, the South China Morning Post reported that semiconductor chip output in the Middle Kingdom surged 40% in the first quarter — more than twice as fast as total global semiconductor sales, according to data from […]
Nikola (NASDAQ: NKLA) stock was falling by double digits Thursday morning. After plunging as much as 16%, shares of the electric heavy truck maker were still down by 10% as of 10:35 a.m. ET. The drop came after the company chairman filed a proxy statement including a letter to stockholders that highlighted a contentious battle […]
After the market close on Monday, Nvidia (NASDAQ: NVDA) kicked off its annual GPU Technology Conference (GTC), which some have dubbed the “Woodstock of Artificial Intelligence (AI).” Thousands of tech glitterati showed up in person to watch CEO Jensen Huang’s keynote address, while millions more tuned in online. During the two-hour presentation, Huang expounded on […]
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One of the byproducts of the accelerating adoption of artificial intelligence (AI) has been the investor practice — for better or for worse — of viewing AI stocks collectively. In many instances, developments concerning one company in the space can have a ripple effect, bringing a broad cross-section of stocks in the space up or […]
Beleaguered healthcare real estate investment trust (REIT) Medical Properties Trust (NYSE: MPW) called in sick on Tuesday. Following an analyst’s move, investors sold off the company’s stock, albeit not as drastically as in some recent trading sessions. The REIT’s share price fell by more than 2%, a steeper decline than the marginal slump of the […]
There was a lot of action in cryptocurrency-related stocks on Thursday. Unfortunately for shareholders of crypto-mining companies, the action in that segment consisted of widespread sell-offs. Several really took it on the chin that day. Marathon Digital Holdings (NASDAQ: MARA), for instance, saw its share price close nearly 13% lower. Worse for wear was peer […]
Warren Buffett.Getty Images / Bill Pugliano Warren Buffett has dropped from the world’s fifth-richest person to 10th on the list this year. Jeff Bezos, Mark Zuckerberg, and Alphabet’s cofounders leapfrogged him as AI and tech stocks soared. Buffett’s Berkshire Hathaway owns almost 6% of Apple but has many staid businesses and stocks. Warren Buffett was […]
What. Just. Happened? The S&P 500, the broadest measure of the stock market, tumbled Wednesday afternoon, starting just after 2 pm ET. It was on pace to hit a record — its first in nearly two years. Then, the bottom fell out. Within minutes, the index was down a half a percentage point. Within an […]