FINANCE
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Elon Musk Just Gave Super Micro Computer and Dell Investors a Reason to Cheer
One of the biggest themes in the markets for the last two years has been artificial intelligence (AI). Naturally, famed entrepreneur Elon Musk has found himself at the center of the AI revolution — and he just gave investors a big reason to seriously consider both Dell Technologies (NYSE: DELL) and Super Micro Computer (NASDAQ: SMCI). Let’s explore how Musk…
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Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
Rivian (RIVN) shares are surging in extended hours after the EV maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing fresh capital into Rivian’s coffers. Irving, Calif.-based Rivian’s shares were up over 40% in after-hours trading. Volkswagen announced it intends to work with Rivian to create “next generation software-defined vehicle (SDV) architectures” to be used in both companies’…
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Cathie Wood Says Software Is the Next Big AI Opportunity — 2 Super Stocks You’ll Wish You’d Bought Today if She’s Right
Ark Investment Management operates eight exchange-traded funds (ETFs) that invest primarily in innovative technology stocks. Last year, Ark CEO Cathie Wood said software companies will be the next big opportunity in artificial intelligence (AI), predicting they could generate $8 in revenue for every $1 spent on chips from suppliers like Nvidia. Ark’s ETFs reflect that stance. Tesla stock is the…
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What The Housing Market Could Look Like If Donald Trump Wins The 2024 Presidential Election
What The Housing Market Could Look Like If Donald Trump Wins The 2024 Presidential Election According to experts and recent data, Donald Trump’s potential reelection could reshape the U.S. housing market amid soaring mortgage rates and escalating home prices. The current state of the housing market, characterized by two-decade high borrowing costs and record home prices, is straining affordability for…
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Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here’s what 5 forecasters are saying about a potential crash.
bunhill/Getty Images Stocks have been on a tear but there are still bears sounding alarms of a bubble about to pop. Bearish forecasters predict a crash as lofty valuations come back down to earth. S ome big-name investors say stocks are flashing a number of warnings that a sharp pullback is near. Stocks just keep climbing in 2024, but the…
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Elon Musk wins Tesla shareholder battle to keep his record-breaking pay
Tesla (TSLA) shareholders re-approved Elon Musk’s record-breaking pay pact and signed off on a new Texas incorporation, a show of support for the CEO as he fights legal battles on multiple fronts. “Hot damn I love you guys,” Musk said after the votes were tabulated, while speaking at the company’s annual shareholder meeting in Austin, Texas. The company did not…
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Nvidia stock rises after 10-for-1 stock split
Nvidia stock (NVDA) began trading Monday on a new 10-for-1 split basis, revising the shares’ Friday closing price of $1,208.88 to $120.88. The stock closed up nearly 1% in its first day following the split. The split means that owners of Nvidia common stock held as of the close of market on Thursday received 10 shares for each one share…
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Public Storage (PSA) Stock Forecasts
Summary Public Storage, based in California, is a REIT that operates self-storage facilities. The company has about 3,045 self-storage facilities in the U.S. with 218 million rentable square feet. Public Storage also has a 35% equity stake in Shurgard Europe, with 253 facilities and 15 million square feet of rentable space in Western Europe. The European storage market has underperformed…
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Trump Lender Axos Sinks After Hindenburg Shorts Bank’s Stock
(Bloomberg) — Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans. Most Read from Bloomberg Shares of the company shed 4.2% Tuesday, paring much of a loss that reached 16% intraday,…
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Cathie Wood’s ARK Invest missed out on more than $1 billion in returns by selling Nvidia stock too early
“I’ve watched Nvidia all my career actually since it’s gone public. It’s a very cyclical stock,” Ark Invest’s Cathie Wood said of Jensen Huang’s chip company.Hugo Amaral/SOPA Images/LightRocket via Getty Images; Sam Yeh/AFP via Getty Images Cathie Wood’s decision to sell more than 1 million shares of Nvidia came as the stock rocketed to astronomical highs. Ark Invest has missed…
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