Top 10 Trending Stocks On WallStreetBets As Of July 3 2024 (Via Swaggy Stocks)
- TSLA
- NVDA
- WAY
- AI
- TLRY
- QQQ
- AAPL
- AVGO
- SMCI
- AMZN
Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
7/5/2024 | Buy → Neutral | New Street | ||
7/2/2024 | $27.00 | Buy | BofA Securities | |
7/2/2024 | $24.00 | Overweight | Barclays | |
7/2/2024 | $27.00 | Buy | Deutsche Bank | |
7/2/2024 | $32.00 | Buy | Goldman | |
7/2/2024 | $24.00 | Overweight | JP Morgan | |
7/2/2024 | $25.00 | Outperform | Evercore ISI | |
7/2/2024 | Outperform | William Blair |
New Street downgraded NVIDIA from Buy to Neutral
BofA Securities initiated coverage of Waystar Holding Corp. with a rating of Buy and set a new price target of $27.00
Barclays initiated coverage of Waystar Holding Corp. with a rating of Overweight and set a new price target of $24.00
Deutsche Bank initiated coverage of Waystar Holding Corp. with a rating of Buy and set a new price target of $27.00
Goldman initiated coverage of Waystar Holding Corp. with a rating of Buy and set a new price target of $32.00
JP Morgan initiated coverage of Waystar Holding Corp. with a rating of Overweight and set a new price target of $24.00
Evercore ISI initiated coverage of Waystar Holding Corp. with a rating of Outperform and set a new price target of $25.00
William Blair initiated coverage of Waystar Holding Corp. with a rating of Outperform
RBC Capital Mkts initiated coverage of Waystar Holding Corp. with a rating of Outperform and set a new price target of $27.00
Raymond James initiated coverage of Waystar Holding Corp. with a rating of Outperform and set a new price target of $30.00
For Immediate Release: November 14, 2023 Today, the U.S. Food and Drug Administration is providing an at-a-glance summary of news from around the agency: On Monday, the FDA updated the advisory for the Investigation of Elevated Lead Levels in Cinnamon Applesauce Pouches to include an expanded recall from WanaBana LLC to include Weis and Schnucks-brand cinnamon applesauce pouches. As of November 13, 2023, there
4 - Waystar Holding Corp. (0001990354) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Tilray Brands, Inc. (0001731348) (Issuer)
4 - Tilray Brands, Inc. (0001731348) (Issuer)
4 - Tilray Brands, Inc. (0001731348) (Issuer)
4 - Tilray Brands, Inc. (0001731348) (Issuer)
4 - Tilray Brands, Inc. (0001731348) (Issuer)
4 - Broadcom Inc. (0001730168) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - AMAZON COM INC (0001018724) (Issuer)
4 - AMAZON COM INC (0001018724) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - NVIDIA CORP (0001045810) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
8-K - NVIDIA CORP (0001045810) (Filer)
6-K - Tiziana Life Sciences Ltd (0001723069) (Filer)
8-K - Waystar Holding Corp. (0001990354) (Filer)
6-K - Tiziana Life Sciences Ltd (0001723069) (Filer)
8-K - C3.ai, Inc. (0001577526) (Filer)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
144 - NVIDIA CORP (0001045810) (Subject)
144 - Broadcom Inc. (0001730168) (Subject)
S-8 - C3.ai, Inc. (0001577526) (Filer)
10-K - C3.ai, Inc. (0001577526) (Filer)
Survey of thousands of healthcare leaders identified Waystar as providing the industry's best client experience across 18 indicators including loyalty and satisfaction LEHI, Utah and LOUISVILLE, Ky., July 1, 2024 /PRNewswire/ -- Waystar Holding Corp. ("Waystar") (NASDAQ:WAY), a provider of leading healthcare payment software, today announced its recognition as a top client-rated software provider by Black Book™, a healthcare market research firm. In Black Book™'s 2024 independent survey of more than 6,000 healthcare finance and IT leaders, Waystar received the highest ranking across five categories evaluated by 18 key performance indicators, including innovation, data security, marginal val
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 28, 2024 /PRNewswire/ -- USA News Group – The world is changing rapidly thanks to artificial intelligence (AI), with what's being called the Transformative AI era which comes with great benefits and also potential dangers. The economic impacts are global, with a new report from The Bank for International Settlements (BIS) urging central banks to adapt rapidly to AI advances. Now it's become apparent how important it is for companies to understand how to harness the full potential of GenAI to secure strategic revenue growth in the coming years. The surge of AI's usefulness is accelerating innovation in
NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Tiziana Life Sciences, Ltd. (NASDAQ:TLSA) ("Tiziana" or the "Company"), a biotechnology company developing breakthrough therapies in neurodegenerative disease secondary to active neuroinflammatory processes today announced that it had received non-dilutive funding of $3.4 million and issued a corporate update video available here. Gabriele Cerrone, Chairman, acting CEO and founder of Tiziana Life Sciences commented, "Tiziana is pleased to receive $3.4 million in non-dilutive funding to support our ongoing Phase 2 trial of intranasal foralumab in non-active secondary progressive multiple sclerosis (na-SPMS) as well as our work in Alzheimer's Di
Reduces Waystar's cost of capital and enhances its ability to allocate free cash flow towards growth initiatives LEHI, Utah and LOUISVILLE, Ky., June 27, 2024 /PRNewswire/ -- Waystar Holding Corp. (NASDAQ:WAY), a provider of leading healthcare payment software, today announced that it has entered into an amendment to its first lien credit agreement (the "amended credit agreement") with its lenders to reprice term loans. Under the terms of the amended credit agreement, the term loan borrowings will now carry a reduced interest rate of adjusted SOFR +2.75%, compared to the previous interest rate of adjusted SOFR +4.00%. The amended credit agreement is expected to reduce Waystar's cost of borro
NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (NASDAQ:TLRY, TSX:TLRY), a leading global lifestyle and consumer packaged goods company, is thrilled to announce an array of exciting activations, events, and product launches to celebrate this Fourth of July with its renowned craft beer and beverage brands—Breckenridge Brewery, SweetWater, 10 Barrel Brewing, and Montauk Brewing and newly launched Runner's High. The brands are gearing up for a spectacular holiday with a series of unique events and experiences for all. This upcoming long weekend, those brands are turning up the heat on seasonal celebrations with a delectable offer that will delight grill masters and beer lover
NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray Brands" or "Tilray") ((Nasdaq, TSX:TLRY), a leading global lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced the launch of Runner's High Brewing Company, a new non-alcoholic brand from Tilray Beverages. For those who love a great beer flavor without the buzz, Runner's High strives to elevate, motivate, and celebrate the unique lifestyle of the social running community. "With the explosive growth of running for sport or for hobby, there is an opportunity for a non-alcoholic brew that runners reach for after a run no matter the d
Holcim drives efficiency and sustainability with AI-powered, Industry 4.0 technologies for urban building operations C3 AI (NYSE:AI), the Enterprise AI application software company, and Holcim, a global leader in innovative and sustainable building solutions, are deploying C3 AI Reliability, a state-of-the-art predictive maintenance solution, across Holcim's plants globally. Holcim is also piloting C3 Generative AI across its plants to assist with complex equipment troubleshooting. These deployments are part of Holcim's Plants of Tomorrow initiative for digital transformation. Since piloting C3 AI Reliability in May 2023, Holcim has scaled the application to 45 plants, monitoring 3,000
TYSONS CORNER, Va. and PETAH TIKVA, Israel, June 26, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, announced today that its Endpoint Inspector SaaS, the Company's real-time data access, collection and analysis solution, is now available on Amazon Web Services (AWS) Marketplace (NASDAQ:AMZN). Endpoint Inspector SaaS, part of Cellebrite's award-winning Case-to-Closure platform, empowers private sector corporate investigators and eDiscovery practitioners to securely collect and analyze data in real-time from a wide range of remote devices and computers. By leveraging the AWS cloud infrastructu
TORONTO, June 26, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray") (NASDAQ:TLRY, TSX:TLRY), a leading global lifestyle and consumer packaged goods company, invites Canadians to elevate their July 1st celebrations with a curated selection of recreational cannabis products from beverages to flower, pre-rolls, and vapes. Whether there's a backyard barbecue, a beach day, or a cozy summer night stargazing with friends, Tilray Brands has the perfect products to enhance your summer festivities. THC Beverages: Solei: Embracing ‘Wellness on Your Terms' and cannabis self-care rituals, the brand is expanding their sparkling CBD beverage lineup that was first introduced last summer. *N
NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Tiziana Life Sciences, Ltd. (NASDAQ:TLSA) ("Tiziana" or the "Company"), a biotechnology company developing breakthrough immunomodulation therapies via novel routes of drug delivery, today announced that the U.S. Food and Drug Administration (FDA) has allowed intranasal foralumab to be used under an Expanded Access (EA) IND in its first patient with moderate Alzheimer's disease. Expanded access IND's provide a pathway for patients to gain access to investigational drugs, biologics, and medical devices used to diagnose, monitor, or treat patients with serious diseases or conditions for which there are no comparable or satisfactory therapy options a
Revenue of $12,487 million for the second quarter, up 43 percent from the prior year periodGAAP net income of $2,121 million for the second quarter; Non-GAAP net income of $5,394 million for the second quarterAdjusted EBITDA of $7,429 million for the second quarter, or 59 percent of revenueGAAP diluted EPS of $4.42 for the second quarter; Non-GAAP diluted EPS of $10.96 for the second quarterCash from operations of $4,580 million for the second quarter, less capital expenditures of $132 million, resulted in $4,448 million of free cash flow, or 36 percent of revenueQuarterly common stock dividend of $5.25 per shareFiscal 2024 annual revenue guidance of approximately $51.0 billion including con
Increasing Revenue Growth. Raising Guidance. Growth Accelerates for Fifth Consecutive Quarter, Record Federal Growth Subscription Revenue for the Fourth Quarter Increased 41% Year-Over-Year C3.ai, Inc. ("C3 AI," "C3," or the "Company") (NYSE:AI), the Enterprise AI application software company, today announced financial results for its fiscal fourth quarter and full fiscal year ended April 30, 2024. "We finished a strong quarter and closed out a huge year for C3 AI. This was our fifth consecutive quarter of accelerating revenue growth. Our fourth quarter revenue grew by 20% year-over-year to $86.6 million, exceeding the top end of our guidance. Our full year revenue grew by 16% to $3
Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262% from a year ago Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and up 427% from a year agoTen-for-one forward stock split effective June 7, 2024Quarterly cash dividend raised 150% to $0.01 per share on a post-split basis SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, up 18% from the previous quarter and up 262% from a year ago. For the quarter, GAAP earnings per diluted share was $5.98, up 21% from the previous quarter and up 629% from a year ago. Non-GAAP earnings per diluted share wa
PALO ALTO, Calif., May 6, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its second quarter fiscal year 2024 financial results and business outlook on Wednesday, June 12, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Wednesday, June 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.com/reg
Services revenue reaches new all-time record EPS sets March quarter record Apple® today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53. "Today Apple is reporting revenue of $90.8 billion for the March quarter, including an all-time revenue record in Services," said Tim Cook, Apple's CEO. "During the quarter, we were thrilled to launch Apple Vision Pro and to show the world the potential that spatial computing unlocks. We're also looking forward to an exciting product announcement next week and an incredible Worldw
SANTA CLARA, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, May 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2025, which ended April 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company's prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company's results ar
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced financial results for its third quarter of fiscal year 2024 ended March 31, 2024. Third Quarter Fiscal Year 2024 Highlights Net sales of $3.85 billion versus $3.66 billion in the second quarter of fiscal year 2024 and $1.28 billion in the same quarter of last year. Gross margin of 15.5% versus 15.4% in the second quarter of fiscal year 2024 and 17.6% in the same quarter of last year. Net income of $402 million versus $296 million in the second quarter of fiscal year 2024 and $86 million in the same quarter of last year. Diluted net income per common share
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its first quarter ended March 31, 2024. Net sales increased 13% to $143.3 billion in the first quarter, compared with $127.4 billion in first quarter 2023. Excluding the $0.2 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with first quarter 2023. North America segment sales increased 12% year-over-year to $86.3 billion. International segment sales increased 10% year-over-year to $31.9 billion, or increased 11% excluding changes in foreign exchange rates. AWS segment sales increased 17% year-over-year to $25.0 billion.
C3 AI (NYSE:AI), the Enterprise AI application software company, today announced it will issue its financial results for the fiscal fourth quarter and full fiscal year 2024, which ends April 30, 2024, following the close of the U.S. markets on Wednesday, May 29, 2024. C3 AI will host a conference call and webcast to discuss the financial results. The conference call will begin at 2:00 p.m. PDT / 5:00 p.m. EDT on May 29, 2024. Analysts and investors may participate in the question-and-answer session. Conference Call Details Date: Wednesday, May 29, 2024 Time: 2:00 p.m. Pacific Standard Time To access the conference call via a dial-in number and personalized PIN code, participants s
NEW CARLISLE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb, chairman of the Indiana Economic Development Corporation, today announced that Amazon Web Services (AWS), an Amazon.com. Inc. company (NASDAQ:AMZN), plans to invest $11 billion to build a data center campus in north central Indiana and create at least 1,000 new jobs. This planned investment marks the largest capital investment announcement in Indiana's history. "Indiana's long-term economic strategy is paying dividends for Hoosiers as we cultivate the growth of critical sectors like technology infrastructure," said Gov. Holcomb. "Amazon has long been an important economic partner in Indiana, and we are exci
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USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
New Lineup Features First-of-Its-Kind Turnkey, Private-Cloud AI Solution Including Sustainable Accelerated Computing with Full Lifecycle Services to Streamline Time to Value with AI HPE Discover 2024 – Hewlett Packard Enterprise (NYSE:HPE) and NVIDIA today announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio's key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA AI computing, networking and software with HPE's AI storage, compute and the HPE GreenLake cloud. The offering e
C3 AI (NYSE:AI), the Enterprise AI application software company, is proud to announce the appointment of Kevin McCarthy, the immediate past Speaker of the House, to its advisory board. Mr. McCarthy will play a pivotal role in guiding C3 AI's expansion of AI solutions among all levels of government, as well as fostering relationships with allied nations. "Kevin McCarthy's unparalleled experience in public service and his deep understanding of the needs of government at all levels will be invaluable to C3 AI," said Thomas M. Siebel, Chairman and CEO, C3 AI. "His insight will enhance our ability to deliver transformative AI solutions to our customers in law enforcement, property value assess
Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise
tvOS 18 introduces new cinematic experiences with InSight, Enhance Dialogue, and subtitles Apple® today announced software updates across its Home products that supercharge entertainment and deliver greater everyday convenience. With tvOS® 18, intelligent new features like InSight — and updates to Enhance Dialogue and subtitles — level up cinematic experiences, while new Apple Fitness+℠, Apple Music®, and FaceTime® capabilities get even better on users' biggest screen. The Home app gains new features with iOS 18, like guest access and hands-free unlock with home keys, delivering effortless and secure access to the home. tvOS 18 and iOS 18 are available as developer betas today, and will b
Mathew Brings 30 Years of Expertise in Software Product Development and Strategy Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced Binu Mathew as the company's Chief Technology Officer (CTO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240606127524/en/Binu Mathew joins Tekion as Chief Technology Officer, bringing 30 years of experience in software product development and strategy. (Graphic: Business Wire) "We have a tremendous opportunity to meet the automotive industry's demand for reliable generative AI. Tekion is leading the way in fulfilling this need,"
Subramanian joins the leading food for work technology company in the US, bringing more than 20 years of experience at high-growth companies ezCater, the leading food for work technology company in the US, today announced it has named Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian is a seasoned technology executive with over 20 years of business management experience at high-growth companies and marketplaces, including Lyft, Inc. (NASDAQ:LYFT), Amazon.com, Inc. (NASDAQ:AMZN), and Visa, Inc. (NYSE:V). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603123872/en/ezCater, the leading food for
NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Tiziana Life Sciences, Ltd. (NASDAQ:TLSA) ("Tiziana" or the "Company"), a biotechnology company developing breakthrough immunomodulation therapies via novel routes of drug delivery, today announced that Howard L. Weiner, M.D., Chairman of Tiziana's Scientific Advisory Board and co-director of the Ann Romney Center for Neurologic Diseases at Brigham and Women's Hospital, a founding member of Mass General Brigham healthcare system, is being honored with the prestigious "Giants of MS" award for his outstanding contributions in the area of multiple sclerosis (MS) research. The award ceremony will take place on May 30, 2024 at the Consortium of Multipl
TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (NASDAQ:TLRY, TSX:TLRY), a leading global lifestyle and consumer packaged goods company, today announced the highly anticipated Good Supply® ‘Twisted' All-In-One ("AIO") Vapes hitting the market, offering a revolutionary way to experience its delicious vape flavours. With the ability to switch between complimentary flavours or combining them for a "twist" – creating a unique third flavour experience of the two flavours enjoyed together, Good Supply has a jam packed vape with a series of unique flavour possibilities all-in-one, ready to go for consumers looking for variety that packs a punch. With the new Twisted All-in-One vape
As we wrap up the week, it’s clear that Apple Inc. (NASDAQ:AAPL) has been making significant moves. From a strategic shift towards artificial intelligence to an observer role at OpenAI, the tech giant has been busy. Additionally, there’s been an extension on the iPhone settlement deadline, rumors of major changes for the next-gen Vision Pro, and a potential AI partnership with Google. Let’s dive into the details. Apple’s Strategic Shift Towards AI and Software According to Bloomberg columnist Mark Gurman, Apple is reportedly focusing more on artificial intelligence and software as its hardware innovation slows down. Gurman noted that Apple’s devices are designed to last longer, making
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks hit all-time highs during the shortened Independence Day trading week, buoyed by economic data that raised hopes the Federal Reserve might start cutting interest rates. The Nasdaq Composite surged 3.5%, the S&P 500 rose nearly 2%, and the Dow lagged slightly with a 0.7% increase. Despite a stronger-than-expected job market report for June, revisions for prior months and a slight rise in the unemployment rate suggested a cooling economy. Additional signs of an economic slowdown emerged from the Institute for Supply Management Services PMI, which
Apple Inc. (NASDAQ:AAPL) has approved the marketplace app of Epic Games, the creator of “Fortnite,” for iPhones and iPads in Europe. This move comes amid a continuing conflict between the two tech behemoths. What Happened: Apple’s approval follows accusations from Epic Games that Apple was hindering its attempts to launch a games store on Apple devices. The tech giant stated that the dispute is centered around the Epic Sweden AB Marketplace and is not related to Epic’s Fortnite app, which Apple has already approved, reported Reuters. Epic Games had earlier alleged that Apple had twice rejected its application to launch the Epic Games Store due to similarities in the design of certa
Nvidia Corp. (NASDAQ:NVDA) has received a rare downgrade from New Street Research, with the analyst citing concerns about the stock’s overvaluation. What Happened: New Street Research analyst Pierre Ferragu downgraded Nvidia’s stock from buy to neutral, citing that the stock is "getting fully valued" after a remarkable 161% surge this year to date. The stock had previously seen a gain of almost 240% in 2023. Ferragu expressed doubt about any additional upside, stating that it would only materialize in a bull case, which is not yet certain. He also warned of a potential risk of derating if the current outlook remains unchanged. Subscribe to the Benzinga Tech Trends newsletter to get
The Walt Disney Company (NYSE:DIS) CEO Bob Iger rejoined the company in the CEO role in November 2022. In addition to leading Disney, Iger may soon add sports team owner to his list of titles. What Happened: Disney is no stranger to sports with its ESPN brand and previous ownership of the Anaheim Mighty Ducks (NHL) and Anaheim Angels (MLB). The company's CEO is nearing a deal to acquire a stake in women's soccer team Angel City, which competes in the National Women's Soccer League (NWSL). Angel City would be valued at $300 million in the deal, according to a report from Semafor. This would make the team the most valuable women's sports team in the world. Iger and his wife Willow
U.S. stocks once again reached all-time highs in the shortened trading week due to the Independence Day holiday, as the latest economic data bolstered investor confidence that the Federal Reserve may soon begin cutting interest rates. The U.S. job market showed a better-than-expected increase in employment in June. Yet downward revisions for April and May, coupled with a slight, unexpected uptick in the unemployment rate and slower wage growth, indicate an overall cooling of conditions. An additional warning the U.S. economy might be entering a cooling phase came from the latest Institute for Supply Management Services Purchasing Managers Index, which contracted in June and plunged to
A small number of technology companies, affectionately named the “Magnificent 7,” have accounted for an outsized portion of the SPDR S&P 500 ETF Trust (NYSE:SPY) gains in 2024. Will it continue through the rest of the year? The Magnificent 7: The Magnificent 7 comprises seven mega-cap companies: Microsoft Corp (NASDAQ:MSFT), up 26.15% in 2024. Apple Inc (NASDAQ:AAPL), up 21.37% in 2024. NVIDIA Corp (NASDAQ:NVDA), up 164.38% in 2024. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), up 37.88% in 2024. Amazon.com Inc (NASDAQ:AMZN), up 33.38% in 2024. Meta Platforms Inc (NASDAQ:META), up 54.24% in 2024. Tesla Inc (NASDAQ:TSLA), down 0.72% in 2024 (but up over 40% in the past m
- Reuters
Nvidia Corporation (NASDAQ:NVDA) undoubtedly had an early lead in the AI chip race, but its rivals are doing their best to challenge its dominance. After more than one failed attempt to discreetly enter the GPU arena, Intel Corporation (NASDAQ:INTC), the largest producer of PC and server CPUs, might be slow but seems to be playing the long game. Then there’s Advanced Micro Devices (NASDAQ:AMD) who is already promising to challenge Nvidia with its new chips. Intel is playing the long game. According to PassMark Software, Intel still controls 64% of the x86 CPU market, but it has undoubtedly given a lot of market share to AMD over the years. AMD pulled ahead with cheaper and more advanced CP