Wall Street’s bullishness for Nvidia stock endures even as shares trade at record highs. Analysts are upbeat about the next-gen Blackwell chip and Nvidia’s web of enterprise partnerships. Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. Thanks for signing up! Access your favorite topics in…
The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. LPL Financial’s Quincy Crosby expects the rally to continue into 2025. Don’t worry about election volatility: earnings are strong, and a soft landing looks likely. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…
Chipmaker GlobalFoundries began offering student loan debt relief to eligible employees this summer. The benefit is aimed at helping the company attract and retain workers. This comes as firms across the semiconductor industry are concerned about workforce challenges. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
NEW YORK — U.S. stocks closed their latest winning week with more records Friday. The Standard & Poor’s 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones industrial average added 0.1% to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped…
Dropbox has taken a page from Amazon’s book when it comes to meetings. The company uses memos in meetings, which begin with attendees reading them and leaving comments. Amazon’s Jeff Bezos famously banned PowerPoints in exec meetings, instead asking for 6-page memos. Thanks for signing up! Access your favorite topics in a personalized feed while…
HONG Kong’s bourse and securities regulator on Friday moved to shorten the approval time for company listings, the latest effort to boost the attractiveness of Hong Kong as a global venue for initial public offerings (IPO). Hong Kong Exchanges and Clearing (HKEX) said it would communicate closely with the Securities and Futures Commission (SFC) to…
Tesla debuted its prototype Cybercab at Thursday’s “We, Robot” event in Los Angeles. Tesla stock fell more than 9% on Friday, reducing Elon Musk’s net worth. Though his net worth dropped by about $15 billion, Musk remains the world’s richest man. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
AMD launched the Instinct MI325X accelerator on Thursday, and shipping starts later this fall. The new chip offers better performance than Nvidia’s H200 yet lags behind Blackwell, analysts say. AMD’s stock dipped over 4% post-announcement, reflecting only modest excitement amid competition. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
While there are a number of prominent money managers on Wall Street, none are followed as closely by the investment community as Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. One reason investors gravitate to the Oracle of Omaha is his track record. Though he’s not infallible, Buffett has overseen a nearly 5,500,000% aggregate return…
Elon Musk just unveiled Tesla’s Robotaxi at the company’s “We, Robot” event in Los Angeles. He expects them to cost less than $30,000. In addition to the two-door cab, he also announced the Robovan, a shuttle that can seat 20 passengers. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…