There's no shortage of uncertainties surrounding productivity gains to be had from the AI boom. Will embracing next-generation large language models (LLMs) actually lead to an earnings boost? And when will such a boost be on the horizon?
This triggered massive selloffs in megacap stocks. Nvidia (NVDA) fell 17%, losing over $500 billion in market capitalization -- a record-breaking decline, larger than the entire market cap of companies like Mastercard (MA), Netflix (NFLX), Costco (COST), and Bank of America (BAC).
PALO ALTO, Calif. - Broadcom Inc. (NASDAQ:AVGO), a prominent player in the Semiconductors industry with a market capitalization of $947 billion and impressive 75.2% gross profit margin, has launched a new line of Emulex Secure Fibre Channel Host Bus Adapters (HBAs) designed to encrypt data on the move between servers and storage arrays.
Shares of Oracle ( ORCL 6.75%) are flying higher on Wednesday. The company's stock is up 6.4% as of 11:20 a.m. ET, but gained as much as 11.3% earlier in the day. The sharp move came as the S&P 500 and the Nasdaq Composite gained 0.7% and 1.3%, respectively.
ORCL stock opened at $183.59 on Friday. The firm has a 50-day moving average of $174.41 and a 200 day moving average of $162.49. The company has a debt-to-equity ratio of 5.65, a current ratio of ...
The Wall Street rally appears to have returned after Donald Trump took over as the President to begin a new term. Major indexes have resumed their northbound journey since the beginning of the ...
The S&P 500 growth index, which is heavily populated by tech stocks, dropped about 3.6% on Monday, while the counterpart value stock index rose nearly 1%. That was the biggest one-day percentage point advantage for value stocks over growth in the roughly 30 years of data on record, according to LSEG data.
(Reuters) - Futures tied to the S&P 500 and the Nasdaq were higher on Tuesday after steep losses in the previous session, when the popularity of a low-cost Chinese artificial intelligence model rattled stocks of U.S. companies invested in the technology.
US Dollar South African Rand, Gold Spot US Dollar, Euro Stoxx 50, Nikkei 225. Read Adriaan Pask's latest article on Investing.com South Africa.
Discover how the $500 billion AI infrastructure initiative by OpenAI, SoftBank, Oracle, and MGX is creating investment opportunities in multiple sectors.
Parnassus Value Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its Q3 2024 investor ... high-conviction positions including Broadcom Inc (NASDAQ:AVGO).
The venture, named Stargate, will be created in collaboration with Oracle Corporation ORCL, SoftBank and OpenAI ... up from $184.1 billion last year. Broadcom Inc. is a premier designer, developer ...