The S&P 500 and the Nasdaq hit new intra-day record highs on Friday after data showing a rise in the unemployment rate and moderation in wage gains bolstered expectations that the Fed could begin cutting interest rates by the middle of this year.
Chip firm Marvell Technology fell 6% on Friday after its soft forecast showed that a jump in orders for its AI networking equipment was offset by the ongoing slump in demand from the wireless and enterprise markets.
The high-profile investment bank isn't too excited about the prospects for this up-and-coming AI company. Is the skepticism warranted? Here's what the rest of Wall Street is saying.
Nvidia (NVDA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Everyone loves a winner. And, without doubt, Nvidia (NASDAQ: NVDA) is a winning stock. Shares of the graphics processing unit (GPU) designer are up a staggering 551% over the last 18 months.
Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum
Motorola Solutions MSI and the state of California have recently entered a deal in which the latter will use MSI’s Rave Prepare solution. Together, the two entities will gather data so the state’s disaster management and public he
ADTRAN, Inc. ADTN recently announced that South Central Rural Telecommunications Cooperative (SCRTC) opted to deploy ADTRAN’s Advanced Link Monitor (ALM) to proactively identify faults and degradation in fiber networks. Optical fi
Akamai Technologies, Inc. AKAM recently announced that Scaleflex has inked a deal to become an integral part of Akamai Qualified Computing Partner Program for improving digital asset management capabilities for online brands. The
U.S. stock index futures slipped on Friday following a sharp overnight rally on Wall Street, as investors braced for a crucial labor market report that could determine the path of interest rates.
Artificial intelligence (AI) stocks Nvidia (NASDAQ: NVDA) and SoundHound AI (NASDAQ: SOUN) have been in the limelight this year for different reasons, but both of them have delivered handsome gains to investors already in 2024.
The "Magnificent Seven" have been market leaders since 2023 but are not quite an artificial intelligence (AI)-focused group. While many within the cohort have AI products, they aren't pure plays.
Marvell Technology MRVL reported impressive results for the fourth quarter of fiscal 2024, wherein revenues outpaced the Zacks Consensus Estimate while non-GAAP earnings matched the same. The chipmaker’s fourth-quarter revenues an
Global equity funds attracted a net $6.5 billion in the seven days through March 6, driven by weak U.S. manufacturing data and Federal Reserve policymakers' remarks which fuelled expectations of interest rate cuts later this year.
If there was a poster child for the advent of artificial intelligence (AI), there's a strong argument it should be Nvidia (NASDAQ: NVDA). The stock generated blistering gains of 239% in 2023 and was already up 72% so far this year (as of the market close on Monday), regularly not
For Immediate ReleaseChicago, IL – March 8, 2024 – Today, Zacks Investment Ideas feature highlights Adobe ADBE, Apple AAPL, Nvidia NVDA and Block Inc. SQ.
For Immediate ReleaseChicago, IL – March 8, 2024 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks
U.S. stock index futures were subdued on Friday following a sharp overnight rally on Wall Street, as investors braced for a crucial labor market report that could determine the Federal Reserve's interest rate cut path.