The latest market news & Insights
IBM Shares Fall as CEO Doubles Down on Quantum While Market Stays Skeptical
At New York Tech Week on Tuesday, IBM’s CEO made his strongest argument so far that quantum computing is real, ready for business, and closer than most people think. Even as Arvind Krishna called quantum the next step after CPUs and GPUs and promised a $10 billion investment over five years, IBM shares dropped along […]
Market Insights
Apple Just Hit The $3 Trillion Dollar Mark. Would This Rise Continue?
Apple reached a significant milestone on Friday as its market value surpassed $3 trillion. The company’s stock opened at $191.78, a 1.5% increase, pushing its market capitalization over the $3 trillion mark. This places Apple’s worth higher than the combined value of the bottom 202 companies in the S&P 500 index and surpasses individual sectors […]
Nvidia Revenue Could Be Affected By New US Restrictions on China
Nvidia (NVDA), Advanced Micro Devices (AMD) and other chip makers are facing potential losses as new U.S. regulations on exporting artificial intelligence (AI) chips to China take effect. According to sources familiar with this matter, the US Department of Commerce is considering an extension of current restrictions on selling AI chips to China, which already […]
Affirm Stock Surges Due To Collaboration With Amazon
Investors’ attention was caught on Wednesday when Affirm (AFRM), a ‘buy now, pay later’ company, and Amazon (AMZN) announced their collaboration. Eligible U.S. merchants that offer Amazon Pay can now add Affirm as a payment option. This news resulted in a positive response from investors, as Affirm’s shares rose 8.3% to $17.13. Amazon’s shares, on […]
Nvidia Stock Exploded! Should Tesla Be Concerned?
Nvidia’s impressive sales guidance and AI-related business have caused its stock to soar by almost 27% (NVDA ticker). Tesla’s stock, on the other hand, has only increased by 1.1% with a risk hidden behind Nvidia stock price’s reaction. NVidia’s stock is on track to surpass Amazon’s biggest one-day gain in market value at $191 billion, […]
Don’t Be Too Excited For A Deal. A Debt Ceiling Deal Could Spell Bad News For The Market
A U.S. default on its debt would have disastrous consequences for the stock markets and bond yields, causing investors to be on edge as politicians work to reach a compromise before the U.S. Treasury runs out of cash to pay its bills. However, a debt-ceiling deal won’t necessarily be all good news for investors or […]
Is Apple Stock Good To Have In Your Stock Portfolio?
The market’s surge this year owes much to big tech, which is not a new trend. Apple’s stock has been a prime example of this, having gained more than 33% since the start of the year. The FAANG+M cohort, consisting of Meta Platforms, Apple, Amazon.com, Netflix, Google parent Alphabet, and Microsoft, had already enjoyed significant […]
PacWest Stock Tanks. TD Bank Acquisition Deal of First Horizon
Trading for PacWest Bancorp was abruptly halted on Thursday after its shares plummeted by nearly 42% to a new record low. Despite efforts to reassure customers and Wall Street by company officials, the stock continued to fall. According to Dow Jones Market Data, if PacWest’s stock closes at its current levels, it will experience the […]
Regional Bank Stocks Bounce Back
Regional bank stocks experienced a rebound on Wednesday following a sharp decline the day before. The recent acquisition of First Republic’s assets by JPMorgan Chase has left lingering concerns about the stability of banks. Additionally, the possibility of an upcoming Federal Reserve interest-rate increase and a potential recession have further clouded the outlook. Regional banks […]
Apple Earnings Are Out This Week – Stock Looks Promising According To Analyst
Apple is set to announce its earnings soon, and Wedbush’s Daniel Ives is predicting a solid performance due to the steady demand for iPhones. Ives believes that Apple’s iPhone revenue will meet expectations, with Chinese consumers boosting sales. Analysts estimate that Apple will report $92.91 billion in revenue for the March quarter, with $48.8 billion […]
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