The market has ‘completely missed’ this critical AI chip stock, says fund manager
The stock boasts gross margins of nearly 90% and over the past decade, the company’s pre-tax net profit margin has also risen to more than 30%.
Looking for top alternatives to Nvidia? These stocks still look cheap, according to the pros
Nvidia isn’t the only one benefitting from bullish sentiment on AI — other tech names also got a boost, leading the Nasdaq to close at a record high on May 24.
India kicks off vote counting for the world’s biggest election, with exit polls projecting a Modi victory
India has started counting votes for its 2024 general election and current Prime Minister Narendra Modi looks set for a rare third consecutive term in power.
Google cuts at least 100 jobs across fast-growing cloud unit, sources say
Google’s cloud unit has been among its fastest-growing businesses, but it’s not immune from the companywide job cuts.
S&P 500 falls as investors try to shake off sluggish start to June: Live updates
The S&P 500 fell slightly Tuesday as Wall Street looked to find its footing after an uneven start to the month.
‘Roaring Kitty’ post seems to show trader held on to giant GameStop stake after Monday’s rally
Keith Gill, who’s behind GameStop’s recent roller-coaster ride, seemingly held on to his big position in the video game retailer even after Monday’s big rally.
Khosla Ventures backs weather balloon startup that uses AI to upend forecasts
Windborne’s balloons can fly for weeks, as opposed to today’s government-launched weather balloons which stay aloft for just a few hours.
CEOs of General Motors, Salesforce among corporate insiders selling stock last month
Insider buying and selling is tracked closely by many professional fund managers.
S&P 500 may be going through a ‘false breakout,’ so get defensive into June, BTIG says
The firm listed 5,260 as a level to watch for the benchmark index.
These are JPMorgan’s top stock picks for clients heading into June
JPMorgan spotlighted a fresh set of stocks, reflecting its analysts’ top picks as May begins, including Carvana and L3Harris Technologies.
