In 2000, internet darling Cisco was the world’s most valuable company. Today it’s worth half as much. AI juggernauts like Nvidia and Palantir are driving the tech-bloated S&P 500 today. Buyer beware. Atthe end of the 1990s, there was one narrative on every stock broker’s lips. The so-called world wide web would change everything about…
Since his wedding day in late June, Bezos netted nearly 5.7 billion from the sale of Amazon.com Inc. shares. Jeff Bezos wrapped up a massive sale of Amazon.com Inc. shares valued at $1.7 billion, according to reports. The Amazon founder made the transaction between July 21 and 22 – days before the company’s earnings report…
Topline Anticipated earnings reports from the world’s largest stocks boosted the S&P 500 and Nasdaq to new all-time highs Monday, marking the latest records for both indexes in recent weeks, though one analyst warned investor optimism might be short-lived as others say AI firms could propel the rally even more. One analyst warned of “intense…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The broadening of the AI trade is here. One of the most common calls among Wall Street strategists entering the year was for the AI trade to expand further from seven key popular…
Big Tech stocks surged for a second day on Wednesday with ‘Magnificent Seven’ firms adding $455 billion to their market capitalizations as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) surged more than 5% Wednesday, leading the way after its CEO Elon Musk said late Tuesday his time spent…
Big Tech stocks surged for a second day, with Tesla and Amazon leading the so-called ‘Magnificent Seven’ stocks higher as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) jumped as much as 7% early Wednesday before paring gains, while Amazon (AMZN) and Meta (META) rose around 7% and 6%,…
Apple (AAPL) and Nvidia (NVDA) led the “Magnificent Seven” stocks higher Monday as investors cheered the Trump administration’s temporary tariff exemptions for tech products announced over the weekend. US Customs and Border Protection issued regulations late Friday exempting consumer electronics, networking equipment, and computing products, including GPUs and servers from reciprocal tariffs. Taken together, the…
The premiums afforded once untouchable “Magnificent Seven” stocks continue to evaporate as Trump tariff concerns pound global markets. Price-to-earnings ratios — which measure how much an investor is willing to pay for the company’s future earnings — for the Magnificent Seven have plunged across the board, according to new data from Creative Planning chief markets…
As the first quarter of 2025 draws nearer to a close, it is clear which leading stock market has suffered most from US President Donald Trump’s erratic trade policies. Since February 19, the benchmark S&P 500 index has fallen 7.6 per cent. A gauge of the Magnificent Seven US technology companies, which drove the rally…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you find your favorite podcasts. If Nvidia (NVDA), the most important “Magnificent Seven” name, is going to shake off the bears, then it could reignite trade for the whole megacap tech stock complex. “Nvidia being flat last night was enough to kind…