Nvidia (NASDAQ: NVDA) has so far proven to be at the very top of the ladder when it comes to making cutting-edge hardware for the burgeoning artificial intelligence (AI) sector and has, throughout 2023, benefitted hugely from it on the stock market. The semiconductor giant’s stock received another boon when the investment bank and financial…
Nvidia (NASDAQ: NVDA) has so far proven to be at the very top of the ladder when it comes to making cutting-edge hardware for the burgeoning artificial intelligence (AI) sector and has, throughout 2023, benefitted hugely from it on the stock market. The semiconductor giant’s stock received another boon when the investment bank and financial…
Saying that 2023 was a tough year for electric vehicle (EV) companies is hardly a stretch, given that the demand declined significantly and multiple prominent firms like Lucid (NASDAQ: LCID) and Nio (NYSE: NIO) were slaughtered on the stock market and saw their delivery target figures gutted. This year similarly started poorly for the industry…
After almost a decade of continuous growth, recent years have been tough on both the Chinese economy and its stock market. In fact, recent reports indicate that its stocks have lost more than $6 trillion since 2021, and – judging by the first month of 2024 – this is set to bring further pain to…
A recent study by a major Paris-based IT company not only found that the big early winners of the artificial intelligence (AI) boom are this gold rush’s “shovel sellers” – the infrastructure providers – but also that the industry will start growing in earnest in 2024. With this in mind, it isn’t hard to see…
The stock price of social media giant Meta Platforms (NASDAQ: META), the parent company of Facebook, is soaring after the firm announced fourth-quarter results that exceeded analysts’ expectations. Indeed, the results indicate that Meta achieved most of the goals outlined by CEO Mark Zuckerberg as part of the “year of efficiency” initiative announced in February…
The e-commerce giant with fingers in multiple very lucrative pies, including streaming, gaming, audiobooks, and cloud infrastructure, Amazon (NASDAQ: AMZN) recently published a particularly strong earnings report for the fourth quarter of 2023. The report beat analyst expectations in multiple categories as it showcased, for example, a rapid growth of Amazon Web Services (AWS) and…
Despite a significant list of positive developments for the crypto market coming out in recent months, many major cryptocurrencies have been experiencing a notable downturn in the opening weeks of 2024. Still, while the prices are going down or have simply lost momentum compared to the final quarter of 2023 and are trading mostly sideways…
The stock market hasn’t been kind to electric vehicle (EV) companies of late. Last year saw a significant slowdown in demand and sent several firms’ stocks spiraling, with Lucid (NASDAQ: LCID) perhaps being the most recognized thanks to the dubious honor of getting kicked off the Nasdaq 100 index. This year has, so far, proven…
For almost an entire month, it appeared as if Jim Cramer, the famous host of CNBC’s Mad Money, was spot on when he recommended investors go long on SoFi Technologies (NASDAQ: SOFI) and said he remains a buyer. Since then, however, the stock of the financial technology company went into a sharp decline and is,…