Wall Street turned in a banner performance in 2023. When the curtain closed, the Dow Jones Industrial Average had managed to hit multiple record highs, while the S&P 500 and Nasdaq Composite shot higher by 24% and 43%, respectively. A fresh bull market has emerged, and growth
Billionaire Stanley Druckenmiller is a former hedge fund manager best known for betting against the British pound in 1992. He managed George Soros' Quantum Fund at the time, and the pair reportedly pocketed a $1 billion profit on the transactions. Meanwhile, Druckenmiller ran his
South Korean chipmaker SK Hynix has chosen the state of Indiana for a cutting-edge facility in the United States, the Financial Times reported on Thursday.
Nvidia has started taking pre-orders for a new China-specific artificial intelligence (AI) chip from distributors who are pricing it on par with a rival product from Huawei, sources familiar with the matter said.
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Nvidia is expected to finish fiscal 2024 with revenue of $59 billion, translating into a five-year revenue compound annual growth rate (CAGR) of 38% using the company's fiscal 2019 revenue of $11 billion as a base.
Meta Platforms will release its Q4 earnings this Thursday after the bell. Here's the earnings preview for META stock, and a look at whether CEO Mark Zuckerberg can come up with a new plan to drive the stock higher.
The tech-heavy Nasdaq tumbled to over a week low on Wednesday, as Alphabet's projections for rising AI costs dented most megacap and chip stocks ahead of a crucial Federal Reserve policy decision expected later in the day.
Shares of Advanced Micro Devices (NASDAQ: AMD) fell as much as 5.5% on Wednesday morning, following the chip designer's fourth-quarter earnings report.
Earnings reports this week from five of the so-called Magnificent Seven stocks are putting a renewed focus on risks from the group’s outsize weighting in the S&P 500, while their collective strength continues pushing U.S. equities to record highs.
Wednesday, January 31, 2024The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including NVIDIA Corporation (NVDA), Caterpillar I
CommScope Holding Company, Inc. COMM recently upgraded its SYSTIMAX portfolio to launch SYSTIMAX 2.0 to provide improved solutions to better handle the evolving network infrastructure challenges. The portfolio improvement is likel
Microsoft (NASDAQ: MSFT) is the world's second-largest company in terms of market capitalization, valued at $3 trillion as of this writing. The stock's impressive 67% jump in the past year -- fueled by its artificial intelligence (AI) prospects -- has played a key role in helping
Nvidia (NASDAQ: NVDA) became a Wall Street darling last year when its graphics processing units (GPUs) became the gold standard for artificial intelligence (AI) developers worldwide. A boom in AI saw countless tech firms pivot their businesses to developing the industry, meaning
The turning point we've all been waiting for has arrived: the new bull market. It's actually been around for the past 15 months, as the S&P 500 roared higher from its bear market low, but we can only confirm this phase of market optimism once an index has reached a new high.
High-flying semiconductor stocks slipped on Wednesday after Advanced Micro Devices' disappointing current-quarter revenue forecast added to investor worries over sluggish demand for non-AI chips.
The tech-heavy Nasdaq was set for a lower open on Wednesday, as Alphabet and Microsoft's projections for rising AI costs dented megacap and chip stocks ahead of a crucial U.S. policy decision expected later in the day.
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.