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Tech Stocks Plunge Amid China Trade Curbs and Earnings Woes
1 year ago•Source: Yahoo Finance
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1.335 min•1 year ago
"Nvidia Stock Sees Notable Movement on Tuesday"
Nvidia's stock continues to rally in 2024 amid AI enthusiasm, surging 167% year-to-date. Despite this, DNB Asset Management has trimmed its Nvidia holdings while increasing stakes in Apple, Tesla, and Intel. Nvidia is also under investigation by the French competition authority for alleged anti-competitive practices. NYU Professor Aswath Damodoran has expressed skepticism about Nvidia's valuation and profitability.
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Nvidia Stock Soars Amid Split News and Record Highs
Yahoo Finance•1 year ago
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"Nvidia Stock Split 2024: What Investors Should Know"
Yahoo Finance•1 year ago
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Nvidia Announces 10-for-1 Stock Split, AI Stock May Follow
Nvidia announced a 10-for-1 stock split set for June 2024, following strong financial results driven by high demand for its AI-related products. The split will not change the value of individual investments but reflects Nvidia's robust market position and growth prospects. ServiceNow, another AI-focused company, is highlighted as a potential candidate for a stock split due to its significant share price appreciation and strong market presence in IT and AI software.
UiPath Stock Plummets 30% Amid CEO Resignation and Disappointing Guidance
UiPath (PATH) stock dropped 30.4% after announcing a CEO change, with founder Daniel Dines replacing Rob Enslin. Despite positive Q1 fiscal 2025 results, the company's revenue guidance for the next quarter and fiscal year fell short of analysts' expectations, contributing to the stock's decline.
AMC Stock Surges Despite Mixed Investor Sentiment
AMC Entertainment shares are down 7.99% today despite being up nearly 50% over the past month, driven by a brief return of Keith Gill ("Roaring Kitty") to social media. Jim Cramer advised taking profits, and disappointing Memorial Day box office results have impacted the stock. Analysts have a neutral view on AMC, with some predicting a significant fall in the coming year.
Verastem Stock Surges Over 50% on Positive Pancreatic Cancer Drug Data
Verastem (VSTM) stock plummeted by 62% following the release of clinical trial data for its metastatic pancreatic cancer treatment, which revealed serious adverse events in 12 patients, including 11 with grade ≥3 events. Despite initial positive results, the safety concerns led to heavy trading and a significant drop in stock value.
"Earnings Deluge Boosts Stock Market: Today's News"
Stocks are on the rise as investors navigate through a deluge of earnings reports. The stock market is experiencing positive momentum, with various companies reporting their financial results. Investors are closely monitoring these earnings announcements to gauge the health of the market and make informed investment decisions.
stock-market-news2 years ago
UnitedHealth's News Causes Health Insurance Stocks to Tumble and Dow to Drop.
The Dow Jones Industrial Average fell on Tuesday, but it wasn't the Federal Reserve's fault. Instead, the blame can be placed on UnitedHealth Group, whose stock dropped after the company announced it would be acquiring a healthcare technology firm. The healthcare sector as a whole also saw a decline, dragging down the overall market.
Nvidia's Stock Continues to Soar with Raised Price Targets and AI Potential.
Nvidia's stock rose after Oppenheimer and Susquehanna raised their price targets for the company.
stock-market-news2 years ago
Pfizer's Q1 Earnings: Mixed Results and Market Reaction.
Pfizer's stock is experiencing volatility after the release of their earnings report. AMD's earnings report is expected to be released later in the day, with investors keeping a close eye on the tech company's performance. Barron's provides live coverage of financial markets, including stocks, bonds, oil, and crypto.
stock-market-news2 years ago
BP's Profits Beat Expectations, But Stock Falls on Slowing Buyback Program and Low Oil Prices.
BP's stock fell as the company announced plans to slow down share buybacks due to declining oil prices. This news comes amidst ongoing volatility in the stock market and broader financial markets.
Regional Bank Stocks Boost Dow and Stock Futures Rise.
The Dow Jones was lifted by regional bank stocks in today's financial markets, according to live coverage by Barron's.