Jim Chanos.Reuters Nvidia is growing at the expense of other Big Tech companies, Jim Chanos and Larry McDonald said. Nvidia is raking in profits while its customers are racking up bills, they said. Microsoft and Meta are among the largest…
Finance
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(Bloomberg) — Cybersecurity company Palo Alto Networks Inc. tumbled in late trading after cutting its revenue forecast for the year, sparking concerns that customers are reining in tech spending. Most Read from Bloomberg Sales will be $7.95 billion to $8…
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Finance
Vertex Pharmaceuticals Will Use $100 Million to Tank Its Own Market Share. Here’s Why That’s a Smart Move.
Hot off the approval of its gene therapy for a pair of rare hereditary blood disorders, Vertex Pharmaceuticals (NASDAQ: VRTX) will soon have another therapy up for approval, and the financial implications are massive. But they’re not massive just because…
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Finance
Super Micro Computer Surged Today — Is It Too Late to Buy the Red-Hot Artificial Intelligence (AI) Growth Stock?
Super Micro Computer (NASDAQ: SMCI) stock jumped again in Wednesday’s trading. The company’s share price closed out the daily session up 11.3%, according to data from S&P Global Market Intelligence. On Tuesday, Barclays analysts published a note on Super Micro …
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Reuters It’s a great time to be a stock picker with the majority of the market now represented by passive index funds. More passive investors means active investors can capitalize on opportunities in the stock market. Here’s how to beat…
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Finance
Why Super Micro Computer, C3.ai, Taiwan Semiconductor, and Other Artificial Intelligence (AI) Stocks Rallied on Thursday
The drama of earnings season continued on Thursday as investors digested the latest financial reports and what they mean in terms of the ongoing economic recovery. Investors have been sitting on the edge of their seats waiting to learn if…
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Shares of Super Micro Computer (NASDAQ: SMCI) jumped today, continuing a rally sparked by last Monday’s strong earnings report, even though there was no company-specific news out on the company stock today. Instead, what seemed to drive the stock higher…
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(Bloomberg) — Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc. over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person. Most…
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Google parent company Alphabet (GOOG, GOOGL) reported its fourth quarter earnings after the bell on Tuesday, missing analysts’ expectations on ad revenue, the heart of the tech giant’s business. The stock slid 4% lower in extended trading. Revenue, excluding traffic…
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After a year of spectacular gains, the stock market seems to be taking a breather to kick off the new year. Investors are justifiably cautious after the Nasdaq Composite (NASDAQINDEX: ^IXIC) notched gains of 43% last year. Given those stellar…