Shares of chipmaker Broadcom (AVGO) soared over 17% premarket Friday after the company touted its “massive” AI opportunity in its earnings report the prior evening. Broadcom reported earnings Thursday after the bell. Its quarterly earnings per share of $1.15 were slightly above the $1.12 forecast, and its revenue of $14.1 billion was in line with…
Tech stocks just took a victory lap, pushing the Nasdaq to a record high and the S&P 500 to levels never seen before. Salesforce (NYSE:CRM) led the charge, skyrocketing 11% after hyping progress in its Agentforce AI system, while chipmaker Marvell surged 23% on blowout earnings. Investors are loving the AI narrative right now, but…
(Bloomberg) — China’s major technology stocks have been left behind in this year’s global frenzy over artificial intelligence, and a lack of demand for actual AI usage coupled with geopolitical pressures make it unlikely they can cash in anytime soon. Most Read from Bloomberg The Nasdaq 100 has soared more than 75% since ChatGPT was…
We recently compiled a list of the Billionaire Ken Fisher’s Top 15 Stock Picks Heading Into 2025. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against Ken Fisher’s other top stock picks. Ken Fisher is the founder of Fisher Asset Management, a financial adviser that he started nearly…
Wall Street ended higher on Tuesday, with tech stocks rebounding, as investors digested President-elect Donald Trump’s tariff threats to key trade partners and minutes of the Federal Reserve’s latest meeting. All three major indexes ended in positive territory, with the Dow and S&P 500 closing at new record highs. The Dow Jones Industrial Average (DJI)…
Another Wall Street strategist sees the S&P 500 (^GSPC) gaining by a double-digit percentage over the next year. On Monday night, Goldman Sachs chief US equity strategist David Kostin initiated a 2025 year-end S&P 500 target of 6,500, representing about an 11% gain in the benchmark index from current levels. The call falls in line…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The broadening out of the rally that we had been seeing in the very-late summer and early-fall has faded. The tech stocks (and the “Magnificent 7” names in particular) have taken over as the key leadership group once…
A breakneck rally in Tesla Inc. shares on Friday catapulted the electric-vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon Musk’s company. Shares of the company closed up 8.2% at $321.22 Friday, taking their gains this…
The world’s richest man keeps getting richer. Elon Musk’s net worth has hit a major milestone, surpassing $300 billion for the first time in nearly three years, Bloomberg reports. The jump follows growing optimism that President-elect Donald Trump’s administration would provide a favorable environment for Musk’s businesses. For example, Trump has promised to ban self-driving…
We recently published a list of Jim Cramer November Portfolio: Top 10 Stocks. In this article, we are going to take a look at where Nvidia Corp (NASDAQ:NVDA) stands against the other stocks in Jim Cramer’s November Portfolio. Stock markets are roaring amid Donald Trump’s victory. Jim Cramer, who has long believed that Trump’s presidency would…