In recent times, the Magnificent 7 stocks have once again surged to new highs following Nvidia’s impressive earnings report. These seven stocks now make up approximately 30% of the S&P 500 index. When considering the top 10 stocks, including companies like Berkshire Hathaway, Lilly, and Broadcom, the concentration increases to about 33% of the S&P
Block Inc. (NYSE:SQ) recently received an upgrade from Equal Weight to Overweight by Wells Fargo, accompanied by a significant increase in the price target from $65 to $95. This adjustment was made based on a positive outlook on the company’s financial prospects, with the new target set at 6 times the forecasted fiscal year 2025
The German central bank, Bundesbank, faced staggering losses in 2023 as a result of higher interest rates. These losses amounted to tens of billions of euros, forcing the bank to utilize all of its provisions to break even. With an annual distributable profit of zero, the Bundesbank released 19.2 billion euros in provisions for general
OpenAI CEO Sam Altman stands to make millions after Reddit’s IPO, thanks to his strategic bets on the online discussion board company dating back to 2014. Altman’s foresight and track record of investing in successful startups have positioned him for financial success as Reddit goes public. With 9.2% of the voting power in Reddit ahead
The electric vehicle industry saw a significant tumble in shares of Rivian and Lucid on Thursday following the announcement of disappointing fourth-quarter results. Rivian experienced a sharp decline of about 25% in its shares, while Lucid’s stock plummeted almost 17% on the same day. These numbers are certainly concerning for the companies and their investors.
Reddit’s upcoming initial public offering (IPO) is set to have a unique twist that allows some of its most active users to purchase shares of the company’s stock. While this may sound like an intriguing concept at first, it could potentially introduce additional risks for traditional investors. The social media company’s decision to include Reddit
Nvidia surged in midday trading, boosting 16% after exceeding analyst expectations in the fiscal fourth quarter. The chipmaker reported earnings of $5.16 per share on an adjusted basis, along with revenue of $22.1 billion, higher than anticipated. Additionally, Nvidia forecasted that current-quarter revenue would surpass previous estimates. Shares of Moderna rose 14% after the vaccine
Amazon MGM Studios is gearing up for the release of their latest film, My Old Ass, directed and written by Megan Park. The film is set to hit theaters on Aug. 2 in a limited rollout, offering audiences a unique and refreshing cinematic experience. My Old Ass follows the story of Elliott, played by Maisy
Nvidia (NASDAQ:NVDA) recently announced its fourth-quarter revenue, surpassing analysts’ expectations. The company reported earnings per share of $5.16 on revenue of $22.1 billion for the three-month period ending December 31. This performance exceeded the anticipated EPS of $4.64 and revenue of $20.55 billion, showcasing Nvidia’s strong financial position. Bullish Forecast for AI-Fueled Chip Demand Chief
Nvidia recently reported its fourth fiscal quarter earnings, surpassing Wall Street’s expectations for both earnings and sales. The company reported earnings per share of $5.16 adjusted against an expected $4.64, while revenue stood at $22.10 billion compared to the predicted $20.62 billion. These impressive results led to a 10% surge in Nvidia’s shares in extended