A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend. An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA…
Microsoft (MSFT) late Wednesday beat Wall Street’s targets for its fiscal second quarter thanks to its booming artificial intelligence business. But Microsoft stock fell in extended trading on decelerating growth in its Azure cloud infrastructure unit. Microsoft also guided below views for revenue in the current quarter. The software giant earned $3.23 a share on…
The Dow Jones Industrial Average and other major indexes fell in early action Monday, led by Nvidia (NVDA) as it plummeted when a new Chinese artificial intelligence product upended the AI thesis. Magnificent Seven names including Microsoft (MSFT), Amazon.com (AMZN) and Alphabet (GOOGL) also took a hit on the stock market today. Stocks gave up…
Apple (AAPL) reports next week and we are likely to see the stock trade in wider ranges. So, let’s consider setting up a double butterfly formation in Apple stock. Traders are likely positioning for ranges that are 12-points wide, based on the put and call prices at the money for Jan. 31 expiration. That’s a…
Meta Platforms (META) Chief Executive Mark Zuckerberg on Friday called 2025 “the defining year of AI,” saying the tech giant plans to invest between $60 billion and $65 billion in capital expenditures. That’s more spending that analysts had forecast, but Meta stock still gained in Friday trading. ↑ X NOW PLAYING Zuckerberg Is Investing Billions…
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong week to start President Donald Trump’s return to the White House, though Friday saw tech-led losses. Many leading stocks flashed buy signals or extended runs. Magnificent Seven stocks Tesla (TSLA), Meta Platforms (META),…
Meta Platforms (META) stock got a pair of price target hikes from analysts Thursday ahead of the Facebook parent’s fourth-quarter earnings results due next week. Wedbush analysts reiterated an outperform rating for Meta stock and raised their Meta price target from 680 to 700. Lead analyst Scott Devitt cited “positive momentum into 2025” for the…
Facebook parent company Meta Platforms (META) could see a “massive financial windfall” from generative AI-powered chatbots on its WhatsApp messaging service, according to a new analyst report. Meta stock was up in morning trading Wednesday. “We believe GenAI will allow WhatsApp (and eventually Instagram and Facebook) chatbots to evolve into ‘intelligent conversations’ or more personal…
The news media is too focused on small moves in Nvidia (NVDA) stock when it should be considering longer-term trends, a Wall Street analyst says. “Does it feel like the press/media talk and write about the daily stock moves in Nvidia a wee bit too much? Like they believe there is always some new story…
Nvidia (NVDA) could not hold a key level on Friday. If you look at its chart, the stock has been struggling to get past the 50-day moving average since Dec. 10. Shares broke out at a buy point of 140.76 in October and reached an all-time high of 152.89 but have fallen below the 50-day…