Month: June 2023

Not long ago, I issued a bullish call on Nvidia (NASDAQ:NVDA) stock. I still like Nvidia’s long-term prospects as a company. However, I don’t recommend investing at any price. My concern is that artificial intelligence (AI) hype has distorted Nvidia’s valuation, so a share price pullback may be due. There are growth stocks in 2023, and

I was wrong about Nvidia (NASDAQ:NVDA) stock. I called it overpriced. While it’s a long-term winner, I thought paying 23 times revenue was too much. Nvidia’s first quarter earnings of $2.04 billion, 82 cents per share, and revenue of $7.19 billion, were well ahead of expectations. But what sent NVDA stock up nearly 25% was

Since its last earnings release last month, there has been little news out of Rivian Automotive (NASDAQ:RIVN). With this, there is plenty of speculation regarding what happens next for the company, and for RIVN stock. Based on how the early-stage electric vehicle maker’s shares are performing right now, it’s clear that the market overall holds

If you feel that 2023’s financial-sector crisis has passed, you might be tempted to load up on Goldman Sachs (NYSE:GS) stock. Yet, a top executive at Goldman Sachs recently issued a warning that investors should pay attention to. Along with that, Goldman Sachs’s planned staff reduction suggests that the company’s management might anticipate near-term challenges. Don’t

Li Auto (NASDAQ:LI) stock just got a little more complicated. It has won a reputation in China as its best producer of luxury electric vehicles, but its latest model is a hybrid. The company announced the Li 7, a five-seat SUV, February. Li delivered over 10,000 Li 7s in its first month of production. Its

Nvidia (NASDAQ:NVDA) established itself as a powerhouse for software companies looking to tap into the exponential growth potential of AI and other high-growth technologies. Even better, year to date, the Nvidia stock has surged this year on strong earnings. In addition, Nvidia’s chips continue to hold a strong market share relative to competitors like Intel (NASDAQ:INTC)

So far this year, the only advice you’ve needed with Nvidia (NASDAQ:NVDA) stock has been to not fight the tape. With the emergence of the generative artificial intelligence mega-trend at the start of 2023, NVDA stock has zoomed from $150 per share, up to $200, $300, and most recently, $400 per share. However, with the

On Monday, Mullen Automotive (NASDAQ:MULN) announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D

Meta Platforms (NASDAQ:META) has been the hottest of the “Cloud Czars” in 2023, with its stock up 125%. The other Czars, who among them own the bulk of the world’s hyperscale data centers, include names like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Apple (NASDAQ:AAPL). Their stocks are also up, but not by half as much. Meta is the

If you have to boil down 2023 into a single theme, it would have to be artificial intelligence. Even though AI in various forms has been around for a while, it’s the emergence of generative AI and ChatGPT that has turned enthusiasm into outright mania. That’s also instigated a furious mega-cap tech stock rally that’s

The U.S. Department of Agriculture is cracking down on misleading meat labels. The USDA says it will collect samples from animals that will be marketed to consumers as “raised without antibiotics” or meat labeled “no antibiotics ever” to make sure the marketing claims and labels are accurate. The outcome of these tests will help the

It’s a new era for the workplace.  Corporate leaders appear to be excited about the revolutionary potential of artificial intelligence. And their employees? Not so much. It’s no surprise, perhaps, that 62% of bosses in a recent Boston Consulting Group survey said they felt optimistic about AI’s impact on work, while only 42% of employees

Hi, MarketWatchers. Don’t miss these top stories. The next step in California’s reparations push is ‘the most thrilling’: turning proposals into reality Assemblyman Reggie Jones-Sawyer is adamant that something will come out of the reparations task force’s efforts, he said in an interview ahead of Juneteenth. Read More UPS Teamsters members vote to strike if

Intel Corp.’s shares scored their best week in 14 years Friday, after one analyst said the chip maker still has a “material AI opportunity” amid rivals Advanced Micro Devices Inc. and Nvidia Corp. On Friday, Intel INTC, +1.54% shares rose 1.5% to finish at $36.37, for a weekly gain of 16.1%, their best week since

It’s been a roller-coaster ride for U.S. financial markets the past 15 months, after the Federal Reserve started its most aggressive monetary tightening campaign in four decades to tame inflation.  After 10 consecutive interest-rate hikes which took the benchmark fed-funds rate from near zero to a range of 5% to 5.25%, the Federal Reserve this

Nvidia Corp. will be the only chip maker positioned to exceed Wall Street expectations in the near term when it comes to servicing the wildly growing artificial-intelligence market, according to one analyst. On Friday, Morgan Stanley chip analyst Joseph Moore switched his “top pick” stock to Nvidia NVDA, +0.09% from Advanced Micro Devices Inc. AMD,

U.S. stocks ended down Friday without derailing the S&P 500 index and Nasdaq Composite from extending their long weekly win streaks. Investors cheered signs this week that the Federal Reserve’s interest rate hikes have helped to cool inflation, but have yet to drive the U.S. economy into a recession. How stock indexes traded The Dow

News that the Beatles are using AI to include John Lennon’s voice on a new song marks the latest, and somewhat surprising, chapter, in the technology’s often controversial evolution. The prospect of the tech-fueled new release more than half a century after the Beatles split has divided fans of the iconic band, with some full

Bank deposits fell slightly last week and lending also declined for the first time in a month, the Federal Reserve reported Friday, but there was little sign of major stress in the U.S. financial system. Total bank lending declined by $49 billion to $12.09 trillion in the seven days ending June 7, the Federal Reserve

Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS The bulls finally control the stock market and the signs point higher Large-caps are plowing ahead and leading the way. S&P 500 chart offers little resistance until 4650.